MyFxBots In-Depth Review of ForexExtract: Strategy Analysis, Backtests, & Live Trading Results

FXTrackPRO Expert Advisor works with 3 different types of indicators at once. The interesting thing is that the EA does not use them simultaneously to determine an entry point, it uses them based on a certain algorithm.

FXDiverse allows traders to choose the kind of trading they prefer, how often they want to trade, profitability, currency pairs, and risks.

The strategy of the Trader's Sun EA, embodied in the algorithm, is based on determining support and resistance levels, as well as identifying the behavior and direction of the Market’s movement, in order to assess the strength of the movement impulse and the probability of its continuation.

Trader's Moon EA is an Expert Advisor that uses the Martingale principle, but with a number of significant improvements and benefits.

XFXEA calculates an entry point by evaluating a certain number of bars in a unique way and then forms a critical range. Based on this range, determines how and when to start trading.

All this is done without using the principle of Martingale.

Forex Truck Expert Advisor has a special feature - it consists of two blocks that work together in addition to risk control.

The strategy and algorithms used in the EA made it possible to achieve full compatibility with any broker, so there is no need to select a broker with special trading conditions - any broker will do.

FXQuasar Expert Advisor does not use indicators.

It works directly with quotes and internal algorithms for analyzing the current market situation, as well as analyzing price movements over the past few days.

Based on the results obtained, it decides whether to open a trade or wait and in which direction to trade.

FXParabol uses a combination of two indicators in such a way as to detect a trend and determine the moment when to start trading in the direction of this trend.

FXGoodWay is based on a <strong>Grid Strategy</strong>.

To a greater extent, a price in the Forex market has a certain amplitude of fluctuation - replacing an upward movement with a downward one.

Based on this principle, FXHelix collects recent data on price movements to find a deviation from the average rate of price movement during a certain period. When such a moment has been found, the EA with a high probability finds out which way the price will move, and after that begins to trade.

No indicators are used by FXConstant. Price movements are directly analyzed by the EA. Patterns are activated based on price movement specificity.

ForexExtract is an interesting robot that, has many levels of protection which provide good reliability and security for the user's account. But even if they all fail for some reason, due to some unprecedented Market upheaval, ForexExtract has a built-in drawdown limitation mechanism that will protect your account from significant losses.

FXCipher has two built-in strategies, designed to adapt to a situation in the Market. Trading using one of them, the EA will switch to another strategy in case of certain circumstances, in order to minimize risks and increase efficiency. This helps to ensure the high reliability of the robot along with good profitability.

FX Jetbot's developers claim that they have put a lot of effort into developing and afterward configuring a special algorithm that very effectively finds the Market entry points. They also ensure that this algorithm can quite accurately predict where the price will go.

FX Jetbot almost always works with a fixed lot, without using Martingale.

FX Quake algorithm is based on a grid strategy with a small lot increase and drawdown limiting system.

A Forex trading system that combines two completely different Forex Strategies, called CORE1 (Trend Following) and CORE2 (MA indicator). Both systems use powerful drawdown control systems.