With so many robots in the forex market, it easily gets overwhelming to choose the best forex robots or expert advisor for your account. Be cautious of any robot that has ridiculous profits earned over short periods of time. Also, forex robots that have very little background information or client feedback are something to be wary of.
After some considerable research, we’ve rounded a few forex robots that can make you some profits.
The RoFx robot was created in 2016 and has a few reviews going on in TrustPilot. Unlike other robots, with RoFx you create an account and deposit money then your account is managed automatically. It’s similar to Forex PAMM since your account managed and you’ll pay a certain profit percent as a performance fee.
The first thing you realize with Forex Cyborg is its clean and professional website. It doesn’t specify the specific strategy used while creating the robot. They also have a few backtests present and a myfxbook account showing you the results of the robot on a live account. The website claims the robot works from 18.30 GMT to 23:30 GMT for best results and can be used on the top 14 pairs.
Flex EA robot is created by a guy called Steve who is very responsive to any queries you have about the Flex robots. It has a high win rate of over 80% and you can select several ways such as timeframe and strategies to use to filter out everything else to get the top quality signals only.
The Forex Gump robot was created by a popular MQL5 developer Andrey in 2017 and has a couple of downloads since then. The software hasn’t been updated since then because instead of updating, Andrey goes on to create other robots. Forex Gump works on all timeframes and all pairs. This can be a disaster because after getting the software, you’ll spend some time first determining which timeframes work best and which currency pairs are most favored.