Best FX Robots

Rank Robot Deposit Started Gain Monthly Daily DD Profit Trades PF chart Acc.type
1 Review $10000000 Jul 30, 2018 +379.17% +8.07% +0.26% 0.35% $37917471 156379 5.77 Chart Real
2 Review $2000 Jul 02, 2018 +644.27% +9.95% +0.32% 52.14% $12885 150 2.14 Chart Real
3 Review $1000 Feb 12, 2018 +613.64% +8.11% +0.25% 38.84% $6136 100 3.53 Chart Real
4 Review $1619 Jun 29, 2018 +194.26% +7.16% +0.17% 17.55% $3141 869 2.48 Chart Real
5 Review $1000 Oct 08, 2019 +401.87% +31.96% +0.93% 67.54% $4018 69 6.30 Chart Real
6 Review $10000 Feb 12, 2015 +1266.72% +4.29% +0.14% 40.97% $126671 2012 1.32 Chart Real
7 Review $1000 Aug 23, 2018 +661.24% +10.97% +0.35% 29.35% $6612 868 2.05 Chart Demo
8 Review $5000 Feb 25, 2016 +268.36% +2.65% +0.09% 56.10% $13418 16040 1.26 Chart Real
9 Review $6170 Jun 30, 2016 +119.57% +1.74% +0.06% 75.68% $5959 2029 1.54 Chart Real
10 Review $1789 Jun 05, 2013 +395.71% +1.95% +0.06% 27.30% $1420 7355 1.17 Chart Real
11 Review $30000 Oct 03, 2017 +30.62% +0.90% +0.03% 30.14% $8372 156 - Chart Real
12 Review €15476 Jul 02, 2017 +235.44% +3.71% +0.12% 29.27% €9693 2071 1.21 Chart Real

We know what robots are the best to work with. 

 

Welcome back! We hope you and your family are safe and healthy during the Coronavirus quarantine. Try to stay home as much as possible and clean your hands. Being home becomes for many people across the globe a reason to think that if they can’t go for work there’ll be no money to run the family. It’s a very crucial moment. As an example, the US government decided to pay an amount of minimum wage for everyone, but you know that so far from enough for a person. Understanding that you have to work every month because you won’t have money to leave the next one brings you to understand what modern slavery is. Understanding this can force you into despair, but when it goes away you can start googling something like “how to invest”, “how to start you own business”, “trading”, etc. If we talk about trading there are common financial instruments like stocks, debt, currencies. As you could see, if not google it, stocks went down with slowing business activities because of Corona. So, it’s not the best option if you don’t have strong economic-based education or a proper trading background. Trading debts is harder than stocks. It’s not a simple financial instrument to obtain. So, we’ve got currencies. Currencies faced wise fewer problems because of Corona, comparing to the other trading assets. Also, there’s a strong advantage - you can trade currencies using a completely legal trading robot.

We’re prepared for you a Forex robot chart based on reviews we’ve written during 2019 and the beginning of 2020.

 

Column headers explanation

The spreadsheet includes many columns. Worry not, we’ll explain them for you.

  • Rank was used for placing the best robot in the proper order.

  • Trading System includes the name of the robots and reviews. During writing the reviews we’ve analyzed many parameters of robot performance like profitability, stability, predictability, money-management system, real account 3rd part verified trading results, pricing, people feedback, etc. We did our best to prepare the most extended review of every robot we’ve picked.

  • The deposit column shows us the number of funds the developers have entrusted to their robots. It’s exactly the case when numbers matter.

  • The profit column provides us with the most important intel how much the robot is profitable. 

  • Gain shows the numbers of growing the account in % since the deploying. 

  • The monthly and daily columns show the amount numbers of the average monthly and daily gains. These are the numbers you can rely on planing your future incomes.

  • DD means the maximum drawdown level that the robot reached during trading on the real account. That’s important because many people trade with leverage. So, little DD is the only one way to trade safely and profitable.

  • Started is the column that shows when the real account has been deployed.

  • The trades column shows us the numbers of trades that the robot has performed. It’s important not only to be profitable for a robot but also to trade frequently.

  • The wins column provides us with real win-rate.

  • The chart shows how the robot goes in general.

  • Type means the type of account. There are two of them real and demo.

Forex strategies

There are many strategies behind robots. Some of them are ok for brokers, the others are forbidden. At the same time, several of them are very risky ones, the rest have an average risk rate to use. Let’s talk about the most frequently used ones in the Forex robot design.

  • Scalping strategy. It’s a very popular strategy to design a robot around it. It’s a strategy that bases on getting a small amount of profit (10 pips usually) from an endless amount of trades. The system decides when and where enter/exit, predicting the market moves. Usually, the most popular currency pairs are the goal to trade EUR/USD, USD/GBP. EUR/GBP. The robot trades on the 5M - 30M time frames.

  • Carry trade strategy. It’s one of the most well-spread strategies. You buy a currency when its rate is low and going to sell it when it goes high. Just that simple. Every currency has got its own interest rate that has been set by the Fed and other regulators. Trading the carry trade strategy goes on the large time frames and starts from the W time-frame. The most annoying disadvantage is that trading opportunities aren’t so frequent. 

  • Price Action trading is another good one. The strategy is based on what the price was in periods before to find a trading strategy that can fit the present. There are several ways to create a well-designed system: common one doesn’t include indicators, another one allows to include some indicators to shape strategy, and the rarest one includes some fundamental activities. The most popular methods to decide when to get in/out are trend determination, Fibonacci, candle wicks, indicators, ad oscillators.

  • The trend strategy provides a profit based on following a market trend. Trend trading usually goes on the mid-range time frames. The system decides to get in the deal based on a relative strength index (RSI), rate of change (ROC), commodity channel index (CCI), momentum, stochastic, and others.

  • The range trading strategy is based on identifying support and resistance points. Usually, technical analysis uses to create a well-designed robot. There is a list of the most used indicators in design CCI, Commodity, RSI, and Stochastics. 

  • Day Trading strategy is the one that opens and closes deals on the same day. It’s a very comfortable strategy to work with because you don’t have trades open to the next day. The strategy is based on, as usual, technical analysis, and rarely on fundamental one.

  • The reversal trading strategy is based n the principle when the robot tries to predict correctly when the market reverses to get position opened right before the reverse. It’s a kinda risky strategy but with a good payback if it’s predicted correctly.

Fully-automated robot trading challenges

 

  • Deposit/Lots sizes. It’s very important to get a proper amount of margin to support your trades. Almost every robot seller provides intel about what lote size should be for each of the deposit milestones.

  • Leverage/max drawdown. As bigger leverage, you set, as lower drawdowns should be. A comfortable level of the max drawdowns during, at least one year period, should be less than 10%, but not higher than 20%. That’s why real account results are so important because you can check what level of leverage and max drawdowns the robot works with.

  • Trading strategy. Some of them don’t use a stop-loss system. It’s risky to trade without them.

  • Trading strategy p.2. You have to ask about allowing a trading strategy use want to use on the broker company you picked.

  • MetaTrader 4 and 5. Most of them have been designed for MT4, but the little can be run on MT5.

  • Broker Spy Module is a good feature little designers enhance the robot that allows you to known when the broker cheats with you. Understanding that the broker is fraud can save you much money.

  • Money-management settings. You can easily change the default settings to increase or decrease potential risk/reward ration. Well-designed robots allow to set a stop-loss level in pips, so, the robot gets out of the trade automatically after the SL level has been reached. Keeping the SL level hidden from the broker is a good way of saving your account. A take profit feature is designed to get your more profit in pips for every trade if it goes in the right direction.

  • Recover mode is a risky package of trade options that allows recovering the account after losing several trades in a row.

  • Support availability. Almost every robot needs to be shaped every year to meet brand-new market conditions. So, if the devs don’t update a robot for a while it can be meant that it’s a time to stop.

  • Providing brokerage companies. The devs usually test robots on several brokerage companies which they suggest as the default one because the robots can work well with them. Following the advice is up to you, but you have to know where your broker is in this chart.