There are hundreds of forex robots available in the market today. They are developed to help traders in making the most profitable trades, whether the trader is a novice or experienced. You do not need to have a lot of knowledge and experience to use these robots. According to the automated trading software reviews, the top forex EAs and robots at present include –
GPS Forex Robot 3
This EA uses algorithms with newly developed innovative technology. Observing the market constantly in the background, the robot has 12 trading styles and strategies for you to choose from according to your requirements and experience. GPS Forex Robot 3 is very simple to use. The developers have set it to go through automatic updates whenever the software needs to be tweaked. Since it is updated constantly, it allows traders to benefit from developments straight away. The minimum deposit to trade with this EA is $100. According to the live trading results on the website, the verified win/gain rate is over 300%.
Econ Power Trader
This EA is a forex news trading robot that reacts to big spikes within the market that are triggered by events worldwide. Econ Power Trader uses adaptive intelligent news trading technology and the EA is fully automated. Since the market moves fast when news breaks, this EA has a great risk/reward ratio. It means that the gains are more than the losses. The minimum deposit for this robot is undisclosed. According to the stats of the trading account on myfxbook, the win/gain rate is 3,400%.
This EA starts providing 100% automatic trading almost as soon as you install it. It offers two different ways to protect the losses of the traders. The trailing stop feature has similarities with other robots. Moreover, if the conditions in the market are not stable enough, it makes the money management option to decrease the lot size. A unique trading algorithm that works on all currency pairs is used by this robot. With some brokers, the minimum deposit is $200 with a win/gain rate of 80%.
This robot offers forex signals and lets the trader know when it is the right time to buy and sell. It applies an effective trading algorithm to inform traders when they should move in the trade. Onyx Scalper is an ideal EA for beginners because of its user-friendly interface. There are three signal modes of this robot, such as conservative, medium, and aggressive. Each signal mode comes with different levels of risk. The users are provided with a 30-day money-back guarantee and 24/7 email support. The minimum deposit is $100 on some brokers, but usually, it is $250 on most brokers. There is no win/gain rate published by Onyx Scalper as the ES just informs when to make trades but it does not make them.
Forex Kore EA
The EA features multi-currency trading, adaptive market analysis, volume tracker, and money management. The developers claim it to be the most advanced robot available in the market. Forex Kore EA boasts 100% automation to adapt its strategy that is suitable for the market. Even when the market moves quickly, it can respond in real-time. The minimum deposit is very low; it is $50 for cent accounts. According to the live tracker on myfxbook, the EA has a win/gain rate of over 2,000%.
You can use this robot to trade both forex and cryptocurrency. It is easy to use the software. If you have the right knowledge, you can also use it as a platform for creating your own robot based on your preferences and requirements. The minimum deposit for this EA is $250 and it has a win/gain rate of 297%.
X Trend Premium
It is a forex indicator. The developer claims that this EA uses algorithms adjusting to live market fluctuations. Indicators can be sent to traders as push notifications on their phones or via email. However, as it is just an indicator, the traders need to be in a position to make the trades themselves physically. This is where it is different from other automated robots. The minimum deposit for this EA is $100. According to forex EA reviews, the risk/reward ratio of this robot is 1:3. Keep in mind that forex EAs make it simple for you to trade even with your lack of experience and time, but you need to invest in the right product. This is why you must go through forex robot reviews online before making your choice.