This performance table is a list of some of the(otherwise known as forex expert advisors) on the market. It compares their performance over a month to month and year to year basis so you can see which robots are performing well recently and which arent. This should give you a great indication of which forex robots to avoid, and which ones to consider. A top forex EA is not only based on how much money it can make, but consistency, history, and support. What good is an EA if you cant get any support for it and the vendor only has a couple weeks worth of history?
There is no best forex robot, just ones that are better than others at certain things. One of the better and consistent performing forex robots on this list isForex Flex EA. Its oldest account is over 2 years old and has turned $3000 into over $350,000 in that time. Read our review of it to find out more.
Please go over all the data and decide for yourself what the best forex trading robots are. Most of the top expert advisors listed here actually work, but be sure to read the reviews and comments on any that you may consider buying!
Over 94% drawdown, can blow your entire account!
High risk martingale, this account is now blown but vendor wont update the results in 2019 to reflect that
Martingale with no SL riskier than the results make it look
Scalper, need a VERY good broker to be profitable
Martingale using a 4x multiplier, very risky!
Warning:Mouseover the red warning indicator beside an mt4 ea name and it will show you the warning associated with that ea. It usually ranges from dangerous martingale, to scalpers on a demo account, to blown accounts that havent been updated to reflect that. Generally best to avoid any EA with a red flag warning.
Gain:The percentage of profit that has been made on top of the original deposit
Monthly %:How much on average the ea is generating per month
Daily %:How much profit it makes on average each day
Days:The total number of days the trading account has been active for.
Drawdown:The highest drawdown the forex robot has ever had at any given time during the accounts lifetime. Generally anything under 20% with a large overall gain is very good, under 40% is manageable but is getting risky, over 50% is basically risking the entire account blowing.
Trades Per Day:Average number of trades per day it has opened over the course of the account history.
Profit Factor:How profitable this expert advisor is. The higher the number, the more profit it can make in a short amount of time
Profit Factor:The rating that mt4 ea has achieved based on user ratings.
Balance:The current total balance in $ of the account
Pips:The total number of pips this forex robot as accrued
Age:How many days the account has run since the initial deposit
Deposit:How much money was originally deposited
Equity Curve:A curve showing the expert advisors account balance growth over its lifetime. This is clickable and will bring you to the accounts myfxbook page
Other common keywords:Scalper/Scalping= A forex scalping robot is one that tries to get in and out of the market as quickly as possible with very small profits. The most common scalping eas you see today looking to scalp 2-5 pips of profit, but then have a 20 to 50 and sometimes even 100+ pip stop loss. They become very deceiving where you go on long winning streaks and then one day one loss comes a long and wipes away all your real profit. This is not a sustainable forex trading approach. You must also be careful with vendors that show scalping robots with performance on a demo account, they perform 100x better on demo than they do on live accounts. This is because real money accounts have higher variable spreads, swaps, commissions, off quotes, liquidity issues and many many more variables that can eat into those small profits.
Live account= A live forex account is referred to as a real money trading account where you earn real profit.
Demo account= A demo account is referred to as a play money account (fake money). Market conditions are always much more favorable on demo accounts than real accounts.
Expert Advisor (EA)and aforex robotare the same thing, just different describing names.
The data of each forex expert advisor is updated every 5 minutes, every trading day. All the data is aggregated straight from myfxbook and therefore cannot be changed or manipulated in anyway.
If there is an fx robot you think should be added to this table, please leave a comment below requesting the robot you wish to see added. As always, feel free to comment.
Requirements: In order to use any of these forex trading robots, you will need an account at a forex broker that supports the Metatrader 4 platform. Check our list of thetop MT4 brokersranked from best to worst based on user ratings. Another thing to consider which is not a requirement but will definitely make your life easier is using aforex vps.
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Flex EA is the best on the market by a mile. The coding blows everything else away, and the support is done by the developer himself with a very active members forum where they share strategies, set files, results and ideas. What more do you want in an EA?
What type of returns can I expect with the Flex EA? Can you give me some numbers youve generated to get an idea.