Which is The Best Forex Auto Trading Robot?

At the last count there were over 40 commercial forex robots available on the market which makes it very hard to choose the best forex auto trading robot to suit your needs. To make matters worse every week there seems to be a new forex robots which need to be analyzed and checked out and with no track record to check it’s difficult to know if they are worth buying. Similarly, you even need to be careful with forex robots that are a few months old and are reporting exceptional returns because it may just be that the market conditions are just right for this robot. There are also forex robots on the market that have been giving consistent returns for many years but don’t make headlines like Forex MegaDroid which has returned over 2,000% profit since 2009.

MetaPro Forex Robot

Some of the exciting newcomers in to this market are Metapro Forex, Supreme Complexity and Machine Learning FX. Metapro Forex claims to have a unique never seen before algorithm that transforms it in to a scaling robot. It has been optimally tuned to trade the EUR/USD currency pair on the hourly charts. Since it was released the makers are claiming a gain of 250% and also claims that it has been making over 200% profit every year since it was made. Metapro Forex monitors the markets in real time and is able to automatically execute and manage trades based on time tested strategies. It monitors the open trades by analyzing multiple timeframes to predict the near future possibilities.

Eurobot

Eurobot forex robot is an Expert Advisor script which means it works on the Metatrader forex platform. It has built in strategies that take in to account factors like Bollinger Bands, Price Action and state of the art Fractals to monitor the data and excute trades when certain conditions are met. The robot can trade on multiple currencies and is optimized for the 15 minute charts. To find the optimal exit point the robot use a combination of ATR, stop loss and trailing stops. It also consider the volatility of the market before making a decision. The great thing about this robot is that you can override the setting and customize it to your requirements.

Wallstreet Forex Robot

WallStreet Forex Robot is one of the few genuinely money-making forex robots on the market and one of the few with genuine proof of this. WallStreet Forex Robot is the first and the only at this time self-updating forex EA on the market. It is very profitable and most importantly a low-risk forex trading system. WallStreet Forex Robot is the first forex robot to update its logic automatically at each launch.

Forex Cash Protector

If you have a habit of opening profitable trades but let them run so that they become unprofitable (either due to fear or greed) then Forex Cash Protector might be the forex robot for you. The selling point is that it has exceptionally good performances in managing trades in open positions. It can help protect your profit with Lot management, take profit levels and trailing stops. You can configure the robot to a risk level that suits you to allow you more control over your profits and losses. It works in two states; fast and low. In fast mode it trades every 5 minutes, in slow mode it trades every hour.

The forex trading robots above are all relatively new and not really proven. Some of the proven robots include FAP Turbo and Forex MegaDroid which have over a year of historical data as evidence that the robots work. However they have advantages and disadvantages and may not be suitable for everyone.

Forex Trading Robots

Best Forex Robots