How to Use MyFxBots?

Automated Forex trading robots or Expert Advisors are Metatrader plugins that help execute trades based on pre-programmed strategies. To use them, you need to install the robot on the Metatrader platform, configure its settings, and test it on a demo account before using real money.

Welcome to MyFxBots! Our team of experts meticulously analyzes strategies, conducts rigorous backtesting, tests with real money, and provides comprehensive reviews. We aim to empower our valued traders with our wealth of experience and insights!

  1. Get A Trading Account in a Good Broker

    Choose a reputable broker that offers low fees, good customer support, and a user-friendly platform. Ensure the broker is regulated and has a good track record.

  2. Get A Profitable Expert Advisor

    An Expert Advisor (EA) is an automated trading system. Look for EAs with a proven track record of profitability, positive reviews, and back-tested results. Test the EA on a demo account before using it with real funds. Our reviews are below!

  3. Get A Fast Cheap VPS

    A Virtual Private Server (VPS) hosts your trading software and provides low latency for faster trade execution. Look for VPS providers that offer good performance at an affordable price, and ensure they have reliable customer support.

  4. Get A Reliable CopyTrading

    CopyTrading allows you to automatically replicate the trades of experienced traders. Choose a reliable platform that offers verified and profitable traders to copy, and ensure the platform has good security measures in place.

  5. Get A Reliable Trading Signals

    Trading signals are in-time recommendations to buy or sell financial instruments. Choose a provider with a good reputation, transparent performance history, and a reasonable cost. Test the signals on a demo account before following them with real money.

Last Reviewed On:
Thurs, 28 Apr 2016
PowerfulForex is a non-indicator dependent Forex robot - uses no indicators in its algorithm, but computes the entry and exit points according to its precise analysis of the market movement in the past days.
Visit PowerfulForex Website
4.46/5
76 total votes.
Last Reviewed On:
Fri, 22 Apr 2016
Manhattan FX is a breakout based Forex robot without any martingale, arbitrage or grid strategies involvement.
Visit Manhattan FX Website
3.83/5
199 total votes.
Last Reviewed On:
Wed, 6 Apr 2016
As its name suggests, Hedge Track Trader uses a hedge trading strategy that appears to be a safe one with low risk and it could yield high profits. Its integrated algorithm is designed to adapt to the continuously changing market conditions and intelligently managing trades and risk, lock-in profits and strictly limit drawdowns.
Visit Hedge Track Trader Website
4.53/5
99 total votes.
Last Reviewed On:
Sun, 20 Mar 2016

Forex Seven EA trades on 20 different currency pairs till a sufficient total equity profit is reached, then it closes profitable trades. It's a highly reliable system with strict control over drawdown providing a high degree of protection to the account being traded.

Visit Forex Seven Website
4.68/5
93 total votes.
Last Reviewed On:
Sun, 7 Feb 2016
No Grid Trading, Martingale Strategies and no High Risk Techniques Of Any Kind.
Swing trading methods could hold positions for days or weeks making reliable gains for months, then chaos strikes suddenly, MaxScalper is not a swing trading EA.
Short term scalpers can clip a handful of pips on each win but they are too small to accommodate for their losses due to inaccuracies of the current new trading environment, MaxScalper isn't that type of EAs too.
Visit MaxScalper Website
4.67/5
54 total votes.
Last Reviewed On:
Tues, 2 Feb 2016
Benefit EA automatically sets TP on a minimum number of points of the price without being discovered by the broker until all trades are closed with the ability to open the next series order manually then the EA will calculate the potentially profitable TP for the entire series and continue to work according to its core algorithm.
Visit Benefit EA Website
4.69/5
100 total votes.
Last Reviewed On:
Wed, 9 Dec 2015
Scalp Trader PRO monitors and detects trends on the MT4 chart using moving averages, price action, and some other powerful tools ignoring weak trends and looking only for the strong ones.
Once there is a potential kick in an opposing direction, the system will use its meticulous intelligent algorithm to scan and analyze it and determine if it's just a temporary move or not and signals a continuation pattern starting.
It generally trades every week, but sporadic days with no trades can exist, this is how it avoids unnecessary risk for the account.
Visit Scalp Trader PRO Website
3.86/5
63 total votes.
Last Reviewed On:
Thurs, 3 Dec 2015
Forex Steroid is a breakout and trend detecting trader searching all the time for market's exploitable opportunities by the use of its unique adaptive trading logic to make as much profits as it can from them.
No martingale, grid, averaging or arbitrage tactics are involved. Its trading frequency average is about 4-5 trades a day.
Visit SteroidFX Website
3.81/5
145 total votes.
Last Reviewed On:
Sat, 7 Nov 2015
EAImpala doesn't use Martingale trading and always use Stop-Loss to protect the account balance with an advanced system of money management and protection against increasing spread.
Visit EAImpala Website
4.7/5
64 total votes.
Last Reviewed On:
Fri, 9 Oct 2015
It employs a micro channel breakout strategy and scans the lower timeframes, so once a breakout occurs, the robot automatically opens a trade with a 200 pip SL and carefully manages it until its closure on average win of 11 pips or average loss of 21 pips. The EA sends its trading signals via a MySQL database.
Channel Trader PRO not a high frequency scalper as on average it trades about 200 to 300 times a year. It focuses on short term trades to smartly enter and leave the market harvesting its profits with limited exposure to rapid market movements.
It implements the successful Forex trading behaviors including emotion, verifications, trade management, money management, and market awareness into its trading strategy.
Visit Channel Trader PRO Website
4.72/5
201 total votes.
Last Reviewed On:
Mon, 5 Oct 2015
It opens positions on major support / resistance levels, and manages them with an intelligent and adaptive StopLoss system. No martingale, no grid, only in trades for less than a minute!
Visit Everex Elite Website
4.59/5
172 total votes.
Last Reviewed On:
Sun, 4 Oct 2015
It's a breakout trading system that calculates entry points according to the market trend support / resistance levels detection and analysis, it applies no martingale, no grid and no arbitrage trading
Visit Goldbull PRO Website
4.1/5
51 total votes.
Last Reviewed On:
Sat, 26 Sep 2015
Based on a special statistics concept, Swing Trader PRO keeps a linear model track of trading price action, what's called Linear Regression that determines the price action bouncing range and its flowing direction. This is very similar to trend trading, but much more sophisticated, and highly precise.
Visit Swing Trader PRO Website
4.02/5
134 total votes.
Last Reviewed On:
Thurs, 24 Sep 2015
REV Trader PRO is not a martingale or a grid strategy-based robot. It monitors the vertical pattern swings and determines the highs and lows and uses the data to make an entry on the reversal of market movement. It employs built-in unique brilliant filters to detect false trade signals.
It trades in baskets of up to 3 orders with won: lost pips per trade ratio of almost 1:1 and it exits using a trailing stop.
Visit REV Trader PRO Website
4.39/5
147 total votes.
Last Reviewed On:
Sat, 19 Sep 2015
Dynamic Pro Scalper is an Asian session scalper with a unique and high-efficient trading strategy and dynamic volatility entry and exit levels.
Visit Dynamic Pro Scalper Website
4.49/5
60 total votes.
Last Reviewed On:
Sun, 13 Sep 2015
Trend following and retracement. If moving averages confirm the required market conditions, price action is used to generate trading signals.
Visit CabEX EA Website
4.61/5
42 total votes.
Last Reviewed On:
Sat, 29 Aug 2015
FXOxygen is a martingale EA with a unique trading formula according to which it calculates certain trading hours everyday for opening its trades.
Visit FXOxygen Website
4.58/5
26 total votes.

Risk

Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.

Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.