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QuivoFX is a one-person website run by Yannick Deubel, who offers a range of expert advisors, indicators, and a few trading tools on his website that have been around for five years. Individual robots can be tried on the demo accounts with limited features to test out their performance.
Buying the full package will grant further access to the expert advisors with a specific strategy related to it that is detailed in more information. Getting the advanced and pro packages available on the site for 99 and CHF, respectively, will provide you with a handful of top robots. However, no results are available or verified, which may raise an eyebrow for some.
Similar to automated software, indicators are also available to test on the demo accounts via strategy tester. There are also a handy set of free options that can be downloaded. The indicators provide useful insights on market directions, relative strength, volatility, etc. The plan of action is detailed thoroughly.
Good knowledge of the market will be handy while formulating a strategy based on these. MQL programming services are also on offer; however, they are currently not available. The School section, accompanied by the forums, can educate and answer most of your questions. Read more about QuivoFX in this review.
The unique expert advisor opens virtual trades in the background to assess the charts and will get in at a razor-sharp entry managing the executions with perfection. Three different strategies are available with the robot:. Trading records and privileges are verified by Myfxbook, but the strategies used by Flex EA are not detailed profoundly. The expert advisor comes with optimized settings for the robot that makes it super simple to use. An unfiltered community forum alongside direct customer support to the coder of EA is provided.
News filter, DD stop loss, and money management allow you to have better risk management, an essential trading component. Other services offered by Flex EA include session filters, indicators, indicator closures, time filters, hedging, hide from the broker, currency filter, etc. A day money-back guarantee can be claimed if you believe the expert advisor is not the right choice for you.
Read more about Forex Flex EA in this review. Agimat FX expert advisor is fully automated and works entirely on its own while the rest of its family members are semi or manual. Results of executions are available on the website, which shows an average monthly profit of 5. Agimat FX ultra acts as an indicator providing signals executed manually by you.
A computerized trade copier is also present, and it copies every position, saving the trouble to do everything yourself. With the help of neural networks, developments are automatically made within the expert advisor that adjusts the stop losses, manages equity, and learns as it trades.
The software engineering company that developed the system of trading robots known as Agimat FX has offices in Spain and Hongkong. Read more about Agimat Trading System in this review. Besides looking at every option worthy of consideration, there are certain factors that every person looking for a robot to purchase should keep in mind.
Unfortunately, most of the robots that show huge returns on small accounts ignore this primary trading component. When utilized in real-time, these EAs turn your account into dust using risky martingale strategies or larger lot sizes.
Profitable EAs always show great results during live trading or backtesting. Quality robots always maintain a better form no matter what the market conditions are and give good gains. A good trading robot will always consider important news events which shift the market direction and cause changed volatility. It is always recommended to close your positions before such releases or bring your stop losses to break.
Some EAs have a built-in news filter that exits out of trades, and such robots are therefore more profitable. A trial version should be available for automated trading software to use and test a real account short-term before proceeding to buy it. Although demo accounts do not reflect real market liquidity or slippage, they are still useful in providing nearly accurate results.
The trading robots with a reputable approach have an excellent customer service provider by the developers. These include a user manual for the expert advisor and the best settings under which it performs at its peak. The best EAs are the ones that are fully automatic and handle the complete process from entering to exiting a position.
Some robots are semi-automatic and work more like indicators providing signals but not executing the trades themselves. They may require a lot of time from your side to stay glued to the screen. An expert advisor that has been around for a long time is sure to have some good reviews on noted review websites or forums.
Trustpilot, forex peace army, quora, etc. The trading robots that made our list have gone through tedious research and scrutiny over several months. Skip to content. Techberry Best Forex Robot Strategy: AI analyses over , profitable portfolios. Trading Instruments: All assets available for MetaTrader platforms.
Visit TechBerry. Pros AI-driven trading strategy Various options to get profit Reimbursement of losses Partnership with over 50 reliable brokerages Real-time trade monitoring Guaranteed trading performance Personal account manager. Cons Supports only MetaTrader 4 and MetaTrader 5 for data collection Traders have to meet high standards to upload their account data.
Visit Happy Forex. Cons Backtesting results missing for some robots High drawdown for some EAs. Trading Instruments: All Currency Pairs. Visit pip Climber. High performance — 20, pips in 3 years. Verified results are available on Myfxbook.
Quick and easy installation. Comes with free beginners guide to Forex trading. Full support available from the coder of the robot. Cons Not available for MetaTrader 5. No free trial available. Visit Forex Cyborg. Pros High win rate on all accounts Money management and risk-management functionalities High-quality backtesting data available for each pair days money-back guarantee.
Cons Relatively high drawdown on some accounts Lack of vendor transparency. Visit DynaScalp. Pros High win rate on live trading account Supported by over 10 years of backtesting results News filters for better decision making Affordable pricing plans. Cons Only few user reviews Demo account not available. Visit EA Pros. Pros Great support Simple and quick installation Over 28, pips in two years Free robot without any fees Works on the MetaTrader 4 platform Fully automatic system.
Cons Only available for 4 brokers No demo trading available, users can start with a standard account only. The robot is very quick to spot the latency between brokers. Cons The profits shown in the video on the website are from a demo account, which places a huge question mark on the credibility of EA. The price tag of USD is a bit expensive. No backtesting is available as AutoArb is an arbitrage trading system. Visit Profit Forex Signals. Pros The trade copier service and free VPS offered by the team make the whole process super easy and automated.
Huge monthly returns are promised by following their automated signal service. Various packages are available that start with as low as 49 USD for three months, enough to try out their service. Cons The foundation date mismatches with those found on verified sites such as Inc. Their Myfxbook records say otherwise. The reviews on Trustpilot are fake and bought from freelancers, and the signals have a substantial negative rating on ForexPeaceArmy.
Visit StrategyQuant. Pros A day free trial is offered to test out their service. A vast amount of customization options come along with more than 40 indicators and means to backtest your strategy. They provide a sufficient amount of material to get one acquainted with StrategyQuantX 56 video lessons and Skype video consultation. Cons The robot can be developed only for a limited number of platforms and excludes important ones like Ninjatrader or cTrader.
It comes with a hefty price tag. Visit QuivoFX. Pros A useful set of robots and indicators are compiled up under one website. It saves you the hassle of manually searching for the best in the market. Free products are also available. By combining the various sets of indicators offered by QuivoFX, one can make up a powerful trading strategy. Cons Expert advisors are not available for the MetaTrader 5 platform.
No refunding option. As one person handles the website, the support can take up to 10 days to respond. Strategy: Virtual Trades Technology, 12 setting configurations. Visit Forex Flex EA. Pros The trading robot has lots of useful risk management features. A day money-back guarantee gives you peace of mind. The required amount is super low and is perfect for anyone looking to test the automated trading software. The ability to talk directly with the coder of the trading robot is a plus.
Cons Myfxbook records show a single initial huge monthly profit, which records for more than 95 percent of total gain as indicated by them. In simple words, the average monthly return provided by the EA average around 3 percent. The website interface is poorly designed. Visit Agimat Trading System. The trading robot is developed specially by software engineers to deliver the best results in the market.
An excellent mobile trading app is available on both android and iOS platforms that keep you updated. A fair amount of tutorials are on the website to help one get started with the automated trading systems. Cons A monthly gain of 5 percent may be considered a little bit below average by some. The figures about the drawdown from the EA are shown differently at various places.
For example, an unexpectedly large number of pips profit from a single trade might make up much of the total gain. Conversely, a significant loss may be an influencing factor. Instead, the monthly gain is a much better barometer of the average benefits you can expect to make with the Expert Advisor regularly.
It eliminates not being able to read whether a sizeable overall gain might be masking months of losses. Backtesting trading strategies work because forex trades that with past performance have performed profitably will continue to deliver profit. When looking for the best forex robot, it is vital to consider the accuracy of the modeling employed in backtesting. Robot developers that only use MetaTrader Strategy Tester as a base for backtesting their trading systems should be open to question.
Below is a screenprint of the Forex Robotron backtest. Reviews are an essential consideration before purchasing a forex robot. Both review sites and forums provide access to the best forex robot reviews. They provide trusted opinions from forex traders using the automated software or professional reviewers that extensively research a robot to make an informed decision about the best Forex EA.
One of the best forums is Forex Factory. It has many members and active threads on the forum, with many focused-on forex trade systems. Review sites are an excellent place to read forex Expert Advisor reviews. FPA is a well-respected forex expert advisor review site. Here at Access FX, we offer thoroughly researched forex EA reviews that include studies of performance, strategy, price, set-up, key features, and customer support levels.
Forex robots are typically available for purchase with a one-off upfront fee with free lifetime updates and ongoing customer support. It is less common for robots to be provided on a monthly or annual subscription, although this does exist. When it comes to price, the cheapest is not necessarily the best Forex EA. For a developer to maintain and even update the robot software, there are development and ongoing costs.
Is the developer who offers a low-cost robot likely to continually test the EA, develop it, and release new versions? Forex trading robots may start trading using a profitable strategy, but without periodic recalibration, as market conditions and trading rules evolve, they may become ineffective with a limited shelf life. As well as releasing new versions to ensure that the EA keeps making money, glitches and bugs are also a problem that can cause downtime from trading.
A good programmer needs to continually provide updates to ensure that functionality does not affect profitability. In our up-to-date guide for , FX Stabilizer is the best forex robot for performance but is also the most expensive; reinforcing that paying a bit more for an EA can pay off. When trying to find the best robot for forex trading, the help desk assistance level is often an overlooked part of a purchase. Consider what happens if you are having problems with the installation process to work with MT4, you have questions about the robot settings, or the forex robot is not working.
If the robot developers are not responsive in supporting their customers, it will be frustrating. Does a forex robot make money? A real trading account profit factor PF will answer this question and is a crucial metric when assessing whether to buy a forex robot.
The PF shows the interaction between profit and risk. The higher the PF, the lower the risk. A PF above 1. The top 20 best forex robots identified through our in-depth research all show excellent performance adhering to strict criteria, including low drawdown and a positive PF over a long period, all within a live real-time trade environment not simulated.
We think that the Flex, at number two, with both a strong PF and low drawdown has the edge over the number one FX Stabiliser and number three WallStreet 3. If you want to find out more about the Forex Flex EA, please click here to visit the official website or read our in-depth review. From our extensive research of forex robots, we would like to share the number one red flag that should be a concern when selecting an Expert Advisor, which is simulated or hypothetical performance.
Forex robots that can only demonstrate profitability through a demo account, also known as a simulated account, are hugely problematic in the EA market. These Expert Advisors have never been tested in the live currency markets with real trade executions and where market factors such as liquidity, spreads, and slippage can affect performance.
Simulated trading is such a concern that the CFTC themselves forewarn hypothetical performance presentations. Here is a brief excerpt from the CFTC communication:. Effectively, simulated results do not represent actual trading. Our best EA list only uses real trading accounts with a verified performance from live trading. Forex EAs have received bad press due to robot programmers flooding the market with automated systems claiming outstanding performance without concrete evidence.
There are great robots available, however. Our 20 best forex EA robot researched all show excellent performance adhering to strict criteria, including low drawdowns and positive profit factors over a long period, all within a live trade environment and not simulated. We hope that our in-depth best forex robot guide has provided you with an understanding of what makes up a robust EA Robot and provides the necessary review knowledge to apply due diligence and confidently purchase an Expert Advisor that will work profitably for traders.
If you also want to find out more general information about EAs, including what they are and how they work please read our forex trading robot guide. Chris Gillie is the founder of Axcess FX, a forex software review and research website. Chris has been using forex trading software as part of his trading set-up since the late s and the embryonic days of MetaTrader and the MQL coding language. We only consider live accounts trading with real money, and not demo accounts 3.
GPS Forex Robot. GPS Forex Robot consists of expert adviser software written for the MetaTrader platform that you can use to trade the forex market automatically without human intervention. pip Climber System. Best For. Coinrule. Best For.