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Best Forex Robot Making Real Pips – November 2017.
October 2017 was a huge month in forex trading. Piles of quality trades were just ripe for the taking. But don’t forget: November is typically one of the biggest trading months of the year . The last few days have had some of the best forex robot action we’ve seen in a while. But without a forex robot you’re missing out on some easy pips. Let’s look at the top three forex robots actually making money right now.
Best forex robot overall: Odin Forex Robot.
Odin has quickly become the best forex robot of 2017. It’s the top choice for professionals right now due to its solid grid trading strategy and powerful features. It comes optimized for over 22 different currency pairs. Most of all its tight stop loss and take profit levels keep your account safe. As a result it found over $149,606 in forex trades during October.
The Odin Forex Robot plots price in real time to find the best entry and exit points automatically.
Odin’s equity curve has minimal drawdown thanks to its tight stops.
Using Odin is simple and straightforward. It runs inside the MetaTrader 4 forex terminal. Most forex brokers offer free demo accounts you can sign up for instantly. With MetaTrader 4 installed you simply drop Odin into place and attach it to a forex chart. After that everything is fully automatic. We highly recommend Odin to all forex traders regardless of skill level.
Biggest forex trades: Vader Forex Robot.
Vader is a proven EA with years of live account experience. Advanced new features and a solid Fibonacci strategy make it a reliable choice for all users. It runs the brand new Gryphon Trading Engine 3 with over 30 new features, upgrades, and enhancements not available anywhere else. It also found over $134,095 in automated forex trades in October.
The Vader Forex Robot cuts your charts into pieces using daily fib levels.
Vader is a reliable performer with steady account gains and sound money management.
You can use Vader on demo or live forex accounts out of the box. It also comes with free updates for life. That means you never have to pay for future updates or setting changes. All of these features and its reliable performance make it one of the best forex robots currently available.
Most Trades: The Falcor Forex Robot.
The Falcor Forex Robot is a highly advanced EA that has been doing great in the markets. Since August of last year it has been on a bit of a winning streak with some very high quality automated trading. Currently it’s the best forex robot for traders who like to have a position open at all times.
Falcor uses price action and S&R to find solid trades. It’s one of the best expert advisors out there right now.
Falcor is actively traded on over 1,500 live forex accounts daily.
Falcor also comes with full support from its developers. You’ll receive help every step of the way. Including custom settings, installation help, strategy guides, and troubleshooting. Simply contact us for anything you might need.
Safe trading with any forex account size.
All three forex robots work with any account size. So you can trade mini, micro, or full size lots. Mini lots allow you to start with as little as $100. And demo accounts let you test and go live later on. These forex bots determine the safest lot size for your account balance. Over-trading your account is nearly impossible due to built in margin checks. And safe money management routines are directly inside the software.
Choosing a forex broker.
These bots run inside the MetaTrader 4 forex terminal. It’s easily the most supported forex terminal in the world. Hundreds of brokers offer this platform for free to use with both demo and live accounts. Any broker that offers MetaTrader 4 will work well with these forex bots. Both 4 and 5 digit brokers are fully supported.
Any currency pair with a good spread is a good choice for Odin. So finding the best pairs to use is easy.
Choosing the best forex pairs.
The best pair is typically the one with the lowest spread. Less spread means less pips you have to recover on each trade. Otherwise any pair will do. Gold and oil are supported too but typically have very high spreads. It’s best to start with 2 or three pairs and add more as you go along.
Finding the best forex robot for you.
All of these expert advisors are solid choices for any trader who wants software that actually works. But if you’re looking for the best forex robot, choose Odin. If bigger trades are your thing stick with Vader. And for the most trades go with Falcor. It’d be hard to go wrong whatever you decide.
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Sit Back and Let Forex Robots do the Trading For You.
Is this a sensible trading strategy or just plain and simply lazy? We’re going to be looking at Forex robots and automated trading here today, and after spending some time reading what we’ve got to say you should be in a position to form your own opinion. Forex robots, or FX bots as the tech-savvy crowd calls them, are computer programs that make use of a variety of trading signals to decide whether to buy or sell a specific currency pair, at a certain moment in time. We’ve already discussed Forex signals, and automated Forex trading takes things just one step further. With an automated system of trading, the often-detrimental psychological element is removed from the trading process; and it also allows traders to get on with other things. So is that a good thing or a bad thing? As with many arguments it depends on which angle you look at it from. Time to continue with more enlightening information, and then we’ll leave it up to you to decide…
The best Forex robots – What do they do?
In order to understand exactly what a Forex robot does, we should first examine Forex trading in general. The aim of any Forex trader is to predict what is going to happen to the value of a foreign currency, and to make a profit from speculation. It is a very popular form of investment because there is potential for a quick profit from a small change in the value of a country’s currency.
The world of trading and processing of stocks started with humans sat behind a desk, negotiating and placing orders over the phone. Nowadays, as with many things, trading has gone digital, and can even take place on an automated basis, with no intervention from humans. Automated tools and programs, one of which is known as ‘Forex Robots’, are a recent addition to Forex trading; and there are hundreds of traders who think they are the best thing since sliced bread. Many use these automated trading tools to their full advantage, turning small trading accounts into much bigger ones.
However, there are also a number of traders who are treating this advance in technology with much more skepticism. How could a robot possibly make sensible investment decisions? And there is a valid point to this side of the argument too: While there are a number of investors who have gained from using automated Forex trading robots, there are a number who have lost it all.
So how does an automated trading robot work? It uses its very own analytical abilities to investigate the past performance of a particular currency pair, both in the short and the long term. It spends its time looking for trends that have occurred, over and over again, during the lifetime of the currency pair. It is looking for troughs as well as gains, and for events that may have caused the rise or fall in price. The robot then chooses whether to carry out its own trades based on what it has uncovered by looking at past performances. Once it has analysed a currency pair it decides whether to invest in or against, based only on the currency pair’s past performance; which is pretty much the same as a savvy human investor.
It sounds pretty foolproof, and indeed it can be. But – and it is a big but – there is a downside to such a system. The financial markets, and indeed the world in general, have a tendency to change on a regular basis, and it doesn’t usually follow any rules. There is absolutely no guarantee that conditions in the market will stay the same. The world economy doesn’t behave like a computer, and it most definitely doesn’t follow a Yes or No system. The world is controlled by humans, with all their human emotion and unpredictability. For this reason, it is not possible for a computer to react to every situation. Events that happen outside of its remit will throw its investment strategy out the window, and possibly even damage it. The human element of the market can’t be explained to a robot, and it can’t be predicted.
All it takes is for one of these events to throw an automated trading system into the red. For every lucrative trade a robot has the potential to make, there is one waiting to trip it up. Say, for example, a political announcement is made that causes a small dip in the value of a currency. The robot doesn’t know how to react, or does so in the wrong way, and the robot’s operator could potentially be bankrupt.
There is a way around such a problem, however; and that’s by not letting the robot make all the decisions, but pairing its analysis with that of an experienced trader who is in tune with the global economy and currency markets. The expert trader monitors the robot, and helps in the decision-making process, as well as adapting the program to cover any new and unexpected changes.
Are Forex automated trading robots the get-rich system they often promise to be?
If you spend enough time reading some of the advertisements for Forex trading robots, it won’t be long before you’re convinced they are the Holy Grail. But did the Holy Grail ever really exist, or is it just a tale of myths and legends? In much the same way, stories of trading robots being 100% effective, and the one and only answer to your Forex trading prayers, are utterly worthless, and in fact merely a dream. There is no get-rich-quick scheme, and if there was, why on Earth would anyone want to sell it? Some of the biggest financial firms keep their trading programs safe and secure under lock and key, where nobody else can find them.
Unfortunately, because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results. They might look like impressive trades on the surface, but no money will have been committed, and no “real time’ data will have been used, but only historical data. The back-testing results are also very likely to have been manipulated, often only covering hypothetical trading for a short and carefully selected period of time, usually when the results would have been the most impressive. Results obtained during live trading, over a longer period of time would be more valid and relevant.
Factors to consider to avoid being robbed by a scam robot provider.
The most common problem with fraudulent robot trading systems is in the way the services are marketed. Promises of guaranteed success and limitless profits are obviously untrue. The issue is not with what is being said, but in how they are backing up such claims; because let’s face it, only a fool is going to believe that the forex trading robot’s path is paved with gold. Any trading system is only as good as the person who developed it; but in order to get traders’ attention they are marketed using results that have been achieved using historical data and back-testing, but with very specific and limited parameters in order to maximise results. Don’t they say that hindsight is a wonderful thing? Well, with automated trading systems this is definitely the case. Trades can be made to look phenomenal, but it’s highly unlikely for such results to be repeated in a real live trading scenario.
Some FX bot providers may claim that their trading results were obtained using real-time data. However, this doesn’t mean that money was used and that a trade actually took place, although it could be inferred. What it is actually saying is that the robot used a live data feed, as opposed to being tested on historical data. It’s important to remember that past performance results can in no way be considered an accurate reflection of how a system will work in the real world. Hypothetical results are just that and nothing more, and should always be taken with more than a grain of salt. Our advice would be to contact the provider of the automated trading system and request additional independent verification of the trading results.
Tips for finding the best Forex robots.
We’d be the first to admit that automated FX trading robots are most definitely an attractive proposition; and there are a number of people using them, so they can’t be all bad. Having the opportunity to trade foreign currencies 24 hours a day seems too good to be true. We’ve already advised caution if you’re looking for a Forex bot, so now it’s time for us to help you find one. Automated trading does have the potential to increase your profits, but you have to remember there are risks involved. In order to make the most of an automated Forex robot, you first have to find the best one. Follow our tips and you’re far more likely to achieve some success.
Undertake an online search – Type ‘Forex robots’ into your preferred search engine, and you may find yourself completely overwhelmed with the number of hits. When we did it we had more than 5 million results. Obviously, you’re not going to be able to view them all, but you don’t want to go for the first one either. You’re not going to find the best one in just an hour. It’s going to take a bit of time and effort in order to do the research and find one you’ll be happy to stick with long into the future. You should be able to pick a few from the initial description in each, and from there identify a few you feel most comfortable with in terms of professionalism. You should be able to get a good feel by looking at individual websites, but don’t be fooled by lots of fancy bells and whistles. Create a shortlist – Once you’ve had a look at a few websites you should be able to come up with a list of a few favourite contenders. Now’s the time to research each one individually. You may be able to find some useful information here on our site, as we will be looking at a number of them, and sharing our opinion. You should also look at online trading forums and independent review sites so that you can read some honest customer reviews. If you can’t find anything you should consider starting your own thread to see what comes up. Once you’ve got a little more information about individual providers you should be able to narrow down your list a little further. Pick ones that offer a free trial – This will give you the perfect opportunity to see how the robot works and to test its functionality. You want to feel comfortable using it and not having to struggle, as this will only hamper your success. There should also be numerous added features, all designed to help you succeed.
Test out the level of customer service – One very important aspect of any type of tool or service is the level of customer service and support. Should you have any issues, you want them to be there when you need them; preferably on a 24-hour basis, as you know the chances of something happening in the middle of the night. After all, how often do things go wrong in your home out of normal office hours. Check out the small print – You should make sure that the robot you’re signing up for comes with some form of returns policy or guarantee, especially if you’ve paid money for it. After all, it is perfectly feasible that you will not be satisfied with the performance. A large number of software providers offer a money-back guarantee, which is great because it gives you time to evaluate the system with the help of a demo account before risking any money. We would always advise traders to avoid purchasing any kind of trading system that is promising unrealistic profits, or even those that are questionable – unless it can be proved that the system has been tested in a live trading account with real funds. The results were positive, and have been independently verified. Choose vendors in regulated locations – One final thought for those of you looking for suitable automated Forex trading robots is to choose one that is located in a country where financial regulations are well-developed, and therefore reliable, rather than a country where financial services are poorly regulated. Examples of the better regulatory bodies include the Commodity Futures Trading Commission (CFTC) in the USA, the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investment Commission (ASIC) in Australia, and BaFIN in Germany. With a regulatory body that is recognised, there is likely to be additional recourse in the event of a problem, or if the software you paid for was sold to you under false pretenses. However, we would advise you to always read the terms and conditions, and to read any claims carefully, as many of the claims are well-written, and can be read and interpreted in a number of different ways.
One final thought, which actually applies to a number of situations, especially when it comes to trading Forex, is to investigate thoroughly before you decide to invest. Any form of investment comes with a certain level of risk, and not only is there a chance for profit, but there is an equal chance of a loss. Only invest what you can honestly afford to lose, and you shouldn’t come a cropper from any fraudulent service or bad investment. Once you’ve decided to invest, don’t lose sight of common sense, and constantly monitor your investments. Even if you decide to take advantage of a system that promises to do everything for you, it shouldn’t be left to its own devices – even when you’re asleep. And the moment you become suspicious of any wrongdoing, or the provider suddenly disappears off the face of the earth, pull out before you lose everything. Have in mind also that some Forex brokers do not allow the use of robots on their platforms.
Forex trading is not supposed to be just a means to make money, but it should also be enjoyable. Be sensible, trust in your instincts, and take any advice you can get. Do this, and your Forex trading will be great fun; and hopefully, you’ll end up with a few extra dollars, or possibly a new career!
Category: The Best Forex Robot Reviews 2017.
Here you will find reviews of the best forex robots that I have researched and tested in 2017. In each forex robot review I include live results, back tests, trading strategy used, key features, summary and an overall rating. I will only review forex robots that I would consider trading on my own trading account. In each forex robot review I remain impartial and give you my honest opinion which can hopefully help you decide which the best forex robot is for you. You can view a comparison of all the forex robots latest live results on the best forex robots results page.
What is a Forex Robot? For those new to forex robots, a forex robot is a 100% fully automated trading system that does all the trading for you – they are a complete set and forget fully automated trading solution. They require no previous trading experience and can be setup in just a few minutes to run completely automated and make you money on your forex trading account without you having to do any work. It is important to choose the best forex robot that matches your requirements which is what my forex robot reviews aim to help you achieve with relative ease. I am always looking for new forex robots to review and welcome review requests. Please contact me if you would like me to add a specific forex robot review.
Forex Cyborg Review.
In this post I will be reviewing the excellent BRAND NEW Forex Cyborg fully automated trading system. This extremely powerful and unique forex robot has been years in development and gone through rigorous development and testing to ensure that it delivers consistent “hands free” forex investment returns. I am pleased to say with full confidence – Forex Cyborg DOES make gains on real trading accounts! There is no account too small or too big to get started and it is ready to use straight out of the box with the default settings although you may wish to adjust the risk. …READ MORE.
Forex Robotron Review.
In this post I will be reviewing Forex Robotron. This amazing forex robot turned $500 into over $1,109,229,975 using only a maximum 5% risk per trade! Most trades are closed dynamically so the risk is even less. You can use a very low deposit with this robot and still make huge gains with very little risk and draw downs. This is one of the best forex robots that I have used and reviewed, ever. It is one of the only forex robots I have seen that has been developed and tested using real variable spreads, real slippage, real tick data …READ MORE.
Forex Scalping EA Review.
In this post I will be reviewing the superb Forex Scalping EA. This fantastic automated forex trading system trades multiple currency pairs on the 5 minute timeframe with universal settings and a very high win rate around 80%. The pairs the Forex Scalping EA trades are the EURUSD, GBPUSD, EURGBP, EURCHF, EURCAD, GBPCAD, GBPCHF, USDCAD and USDCHF. The fact it trades 9 pairs with the EXACT same universal settings shows just how amazing this forex robot is. It is very consistent and powerful taking multiple trades each day which can grow accounts very fast! MyFxBook verified tests on the Forex …READ MORE.
Pastorpro Forex Robot Review.
In this post I will be reviewing the Pastorpro Forex Robot for the MetaTrader 4 free to download trading platform. Despite only running for a few months the Pastorpro Forex Robot is showing returns of over 30% with a win rate greater than 70%. However, I would be cautious considering the drawdown of this particular fully automated forex trading system. Please make sure you check the latest performance to ensure that the draw down has not cancelled out all of the gains as it is too early to say if this would be the case! The Pastorpro Forex Robot is …READ MORE.
Frarelin Forex Robot Review.
In this post I will be reviewing the oddly named Frarelin Forex Robot. It took me a while to get around to spelling this one correctly! As with most forex robots, the Frarelin Forex Robot is developed to run in the free to download MetaTrader 4 trading platform. It is suitable for any level of forex trader as it is a fully automated trading strategy that is you simply set & forget, allowing it to handle all of the trade entries, management and exits on your behalf. At the time of me writing this Frarelin Forex Robot Review, it has …READ MORE.
Actinic Forex Robot Review.
In this post I will be reviewing the Actinic Forex Robot for the MetaTrader 4 trading platform. Random fact of the day is that Actinic means (of light or lighting) able to cause photochemical reactions, as in photography, through having a significant short wavelength or ultraviolet component. Right, well I am not sure what that has to do with anything but you learn something new every day! I must say, fair play to the developers for having transparency and sharing their results using the Actinic Forex Robot. So far, the real verified results of the Actinic Forex Robot have been …READ MORE.
Volatility Factor 2.0 Pro Review.
In this post I will be reviewing the Volatility Factor 2.0 Pro forex robot. This is an updated version of the previous fully automated forex trading system aptly named Volatility Factor 1.0. The developers have been working VERY hard to improve the original version which was good in its own right and they have succeeded in doing so with Volatility Factor 2.0 Pro. As per the previous version, Volatility Factor 2.0 is a forex robot for the free to download MetaTrader 4 trading platform. It does not require any previous trading experience as it will do all of the trading …READ MORE.
Professional Trading Portfolio Review.
In this post I will be reviewing the Professional Trading Portfolio which is a combination of 2 very good fully automated forex trading systems in 1. They are also available to buy individually although the diversity provided by trading both options can ensure that you spread your risk and increase your chances of profitability in the long term. The options included within the Professional Trading Portfolio are 2 different forex robots which are: The Professional Breakout Trading System and The Professional Reversal Trading System. When combined they can produce good results as proven by the verified tests. I would say …READ MORE.
XXL Forex Real Profit Robot Review.
In this post I will be reviewing the fully automated XXL Forex Real Profit Robot that has been developed to run in the free to download MetaTrader 4 trading platform. It is suitable for any level of trader from beginners to the more advanced as it is completely automated and requires NO input from the user other than the initial setup which takes just a few minutes using the easy to understand instructions that are included. XXL Forex Real Profit Robot Trading Strategy The XXL Forex Real Profit Robot has real live verified trading results published via the myfxbook website …READ MORE.
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THE BEST FOREX ROBOTS IN 2017!
Try the best forex robots in your own brokerage account for free.
75% OF TRADERS ALREADY USE FOREX ROBOTS.
Why should you use a forex robot?
A Forex Robot or an Expert Advisor or a Forex EA is a piece of software that works as a fully Automated Forex Trading System and executes trades on both sides of the market 24/5 per week. The most popular forex robots are offered via the MetaTrader-4 or MT4 platform.
Forex robots provide an exciting way of earning profits in the online Forex market. Forex robots will save you loads of time analyzing the markets or sitting in front of your computer screen to monitor the markets. Most investors understand that trading is very time consuming and could lead to stress, which could magnify losses instead of profits. Current Automatic trading technologies have made trading easier, less risky, and increased the chances of better performances.
Basically, an expert advisor for MetaTrader 4 works by coding predetermined strategies or rules for making trade decisions. The rules are programmed on an expert advisor (robot), which it uses to enter and exit trades fully automated. Robots are capable of making trade decisions in a way that humans can’t. Robots can effectively scan the markets looking for trade opportunities with high levels of accuracy. For example, if you have a successful trading strategy that relies on indicators, candlestick patterns, support and resistance levels, you can code it in a robot and just sit back and allow the algorithm to do the work for you. Furthermore, if a robot is programmed to make a sell order whenever a currency pair reaches a resistance level, it will obey those instructions always. Time saving and reducing human errors are the main reasons why investors actually use robots.
Advantages of forex robots.
Trades the Forex Market in multiple currency pairs Trades the Forex Market 24/5 (day and night) Forex robots do not make order entry errors Most EAs are coming with money management features Forex robots do not get tired Eliminates Human Emotions such as fear and greed Can analyzes many charts simultaneously Forex robots are very easy to use May work on a Demo Account for testing before used for real trading in a Live Account Can be back-tested (testing historic performance) on MetaTrader-4 or other Forex Trading PlatformForex Trading With Robots.
THE MOST POPULAR FOREX ROBOTS.
The strategies as shown below are REAL and LIVE accounts offered to be published by some of our clients. The track records are verified by myfxbook, a third party website.
Grid system that performs well in ranging markets. Perfect EA to start with small accounts. It averages position and hedges them in case the trend goes reversal Can be used for all currency pairs.
Starts from $10.000.
The Longbow is a price action swing system. This strategy detects price movements and finds entries when these movements are strong. Each trade comes with a stop loss and take profit and is used for long term investment.
Starts from $5.000.
The Longbow is a price action swing system. This strategy detects price movements and finds entries when these movements are strong. Each trade comes with a stop loss and take profit and is used for long term investment.
Starts from $5.000.
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“Excellent product with excellent service which is going to give you excellent results. The EA surpassed my expectations and I am very happy with it.”
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