Home Best Forex Robots 2020

Best Forex Robots 2020

For a long period, we professionally research the Forex automated trading market. Over the years, we have gained experience that we systematically share with you in our reviews. Choosing an EA is a very important procedure, as it involves using it on a real account in order to make money. In the table, we have put together the ratings and results of the best trading robots performing.

RankRobotDepositLeverageGainMonthlyDailyDrawdownTradesPfDaysСhartAcc. type
1Review$1000000Any+371%8.11%0.26%0.35%1252635.5590Rofx ChartReal
2Review$50001:100+144.5%10.52%0.33%12.62%81099.47467Forex FuryDemo
3Review$1001:200+157.11%11.90%0.37%8.96%5562.18677Forex Robotron ChartReal
4Review$50001:400+218.22%34.34%0.99%25.94%45611.81120Dragon Expert ChartDemo
5Review$20001:400+2135%7.17%0.23%21.88%5141.741363FXCharger ChartReal
6Review$5001:500+1935.66%6.99%0.23%21.47%16032.681338FXStabilizer ChartReal
7Review$21001:500+428.96%10.32%0.33%24.49%3053.86542FXGoodway ChartReal
8Review$1000Any+548.55%9.17%0.28%38.84%904.98660Forex inControl Reborn ChartReal
9Review$1000Any+365.69%6.50%0.21%37.23%3021.77748FXAdept EA ChartReal
10Review$19653.931:100+1236.1%16.6%0.73%20%512.21496Forex Gump EA ChartReal
11Review$866.101:500+161.38%4.14%0.14%18.25%17411.23712Wall Street Forex Robot ChartReal
12Review$1124.971:200+361.59%131.19%0.17%42.93%2052.32896Trading Manager Pro ChartReal
13Review€22101:200+202%3.57%0.12%29.27%18101.54885Forex Cyborg ChartReal
Table header explanation
Forex Robot
This column includes names of Forex trading robots (expert advisors) and the link to the official developers/sellers sites.
Started on
The date of launching lets you know how long it has been working. If the robot works for a long time it decreases chances that it’ll become a scam.
Rating
Every single trading robot has been rated according to these criteria: price, safety, profitability, drawdowns, as well as, user interface.
Trading Account
The column includes links on the myfxbook and fxblue sites with the full data of robots performing and type of the account real or demo,
Account Broker
Usually, robot owners run the EA using only one brokerage company, but sometimes there are several of them on different accounts.
Deposit
It shows the number of funds on the account.
Gain
% of the gain is the most important data to make the right decision about buying a brand-new trading assistant.
Daily gain and Monthly gain
This info is needed to see the robot can trade smoothly and profitably or not.
Drawdowns
% of the gain is the most important data to make the right decision about buying a brand-new trading assistant.
Advantages of automatic Forex trading

Each experienced Forex trader has gone through a long phase of formation, ups, and downs. Many of them nulled their accounts several times while learning to trade. All this time, traders had to analyze the history of trades, follow the news, and trades on their own so on day after day. With the advent of trading robots, many of these routine functions were taken over by them.

New traders friendly

The robot is a fully automatic program and doesn’t require you present. This allows beginners to start trading forex immediately after the deployment of the program and does not require previous experience. This is a great advantage for those who want to try their hand at Forex trading.

Constant and stable income

The robot provides work in a fully automatic mode, giving a stable passive income. At the same time, its owner can control all its aspects of the activity, configure it at its discretion, control the current trading process from market analysis, to entering and exiting a position.

Helping in improving your own strategies

Robots are usually developed based on some strategies that have already brought substantial profit to their owners. By applying them at the core of the robot, devs thus allow you to get your profit too. A feature of some robots is that developers maintain the availability of analysis of the history of trading operations so that traders can use this data to improve their own strategies.

Advantages
  • Knowledge-free to start earning money on Forex
  • Fully-automated trading, without needing of understanding performing processes
  • Usually, the seller provides back-tests and shows a robot perform on a real or demo account
  • 30(60)-days money-back guarantee is an option from many sellers.
  • Completely removes influence of the emotional statements during trading
  • A robot can run on many accounts, as well as, trade effectively many currency pairs at the same time
  • It can perform 24/7 giving you opportunities to spend your time whatever you want
  • Free-trial a robot for applying it on the demo account is also quite often option
  • You know the strongest sides of a robot you chose, so you can easily improve your own strategy.
  • You can easily compare the official robot performing with the performing of your copy, so you’ll be able to simply find out when your robot becomes a scam.
Disadvantages
  • Running a robot on your PC is required to be online 24/7 and get a stable connection.
  • There’s high enough chance to get a scam instead of a trading assistant.
  • Price varies depending on futures, patterns, amount of currency pairs, etc.
  • 30(60)-days money-back guarantee is an option from many sellers.
  • Sometimes, there’s a high level of the min account balance for smooth trading with low risks.
The most common Forex robot functions

here are some functions which are applied in almost every good trading robot:

Management in positioning

The forex robot is usually designed with the settings that are responsible for managing current trading transactions. These are the following functions: hard stop loss, trailing stop loss, and take profit features. Both experienced traders and beginners should take into account that without these functions, they will not receive full-fledged automated trading.

Trading recognition

A developed set of patterns that include not only the parameters of the trade but also the specified criteria for market analysis. Thanks to this system, the robot is able to independently decide on the selection of the most successful entry and exit points. Typically, the robot is programmed to use technical analysis and indicators: order flow, support and resistance levels, and RSI or MACD.

Placing orders

With automated trading, a lot depends on how accurate and fast the robot is in making decisions. The EA must provide its owner with timely entry and exit points from transactions, which in turn should significantly increase the profitability of its work. The ability to enter a deal at the lowest point and exit it at the peak distinguishes a good robot from a bad one.

List of criteria we use to prepare the best-rated Forex robot sheet
  • Trade accuracy
  • Numbers of traded currecny pairs
  • Different risks level management
  • Performing and order execution speed
  • Official performing data (gain, profit) from myfxbook and fxblue sites
  • Pricing for buying/subscriptions
  • Support availability
  • User interface
  • Bitcoin or other crypto trading availability
  • Customization of the standart patterns
Frequently asked questions
What is the EA or trading robot?

It’s a computer program developed by devs and traders. It works on the proven patterns that allow you to make profit using robot owners’ trading experience.

Who needs a trading robot?

A trading robot (EA) fits everyone. For beginners, it suggests the smooth start of trading on the Forex. For good traders it lets relax more, using combined strategies of robots and trader to get better results with same amount of spent time.

How much money do I have to spend to get started?

Robots prices start from $99 to $25000 depends on futures and strategies. Most of the robots start to work well from a $1000 deposit

Is it hard to start?

Not at all. From buying to applying usually goes about 10 minutes. No special knowledge is needed.

Does a robot have something to protect my money?

Yes, it does. Every robot is developed with the stop-loss system that allows you to lose not so much if it’s happened

What’s the annual profitability of a robot?

It mostly depends on the risk you trade with. Our experience tells +100% of annually gain is good profitability.