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Forex Robot Review

Fap Turbo Review

General Details: Setup: 1 click installer Currencies supported: Multiple Demo account: Yes Price: $149 Creators: Steve Carletti, Mike, and Uli. Advantages: FAP Turbo has been widely regarded as the gold-standard of automated forex robots. The FAP Turbo program attempts to capture small gains, allowing a high win ratio. It utilizes high leverage your broker offers […]

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Forex MegaDroid Review

General Details Setup: 1 click installer Currencies supported: EUR/USD Demo account: Yes Price: $149 Creators: Albert Perrie and John Grace Advantages: Forex MegaDroid has had its results posted publicly for the past two years, on a daily basis. Because of this, it shows that the creators of Forex MegaDroid are extremely confident and successful in […]

Leo Trader Pro Review

Will Leo Trader Pro be the forex robots that will double your profits? After a long anticipation, Leo Trader Pro system was finally launched. We haven’t tried this forex robot yet, but the real interesting thing about Leo Trader Pro is that the creators are inviting the general public to check out the Account Investor Password. […]

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Forex NightFox Review

General Details: Currencies supported: All Updates: Life-time free Creators: Ted Pearson Price: $127 Advantages: Forex NightFox uses solid money management that limits the trader’s potential drawdown. Forex NightFox searches for small movements in the quiet hours of Asian trading in order to make 5 pip gains. Because of this, it can have a high win […]

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Forex Morning Trade Review

General Details: Updates: Life-time-free Currencies supported: GBP/USD Creator: Mark Fric Price: $97 Advantages: Forex Morning Trade system is actually both a manual and automated trading system. It comes with the system’s rules and videos, as well as the automated software. Forex Morning Trade system takes advantage of the phenomenon of the European opening. It is […]

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Pips Miner Review

General Details: Currencies supported: EUR/USD Updates: Life-time free Creators:Forexzone Ltd. Price: Light Edition – ˆ129 Advantages: Pips Miner is a fully automated robot that has a win ratio of 90%. The software is created by a collection of professional traders form the reputable company Forexzone. Pips Miner constantly analyzes the marketplace for possible trading signals. […]

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Forex Bulletproof Review

General Details: Software: Forex Bulletproof Currency Pairs Supported: Multiple Languages:English Price: $149 Creators: Steve Carletti, Mike, and Uli of FAP Turbo. Advantages: Forex Bulletproof comes backed by 6 years of live trading history. During this time, Forex Bulletproof didn’t have a single losing month! Forex Bulletproof uses solid money management that focuses on safe trading […]

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Forex Bling Review

General Details: Updates: Life-time-free Currencies supported: Multiple Creator: Mr. Gagahlin Price: $99 Advantages: Forex Bling keeps your portfolio under strict risk-management by using several different trading strategies. Forex Bling can operate in several different environments, allowing it to protect your capital accordingly. As another advantage, Forex Bling is continually researched, refined, and is updated frequently […]

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No Loss Robot Review

General Details: Currencies supported: All Updates: Life-time free Creators: John C, Mark. Price: $149 Advantages: No Loss Robot is a trend spotting based system. Because of this, the system will only trade in the direction of the trend, allowing you to maximize your gains while using No Loss Robot. One of the major advantages to […]

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StealPips Review

General Details: Currencies supported: 2 currencies at one time Creators:Matt Recommend trading capital: $100 Price: $97 Advantages: StealPips utilizes both a long and short methodology in order to protect your capital as a diversification method. It will take these types of trades on two currencies at a time in order to smooth out the equity […]

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Forex Robots (Expert Advisors)

Expert Advisor Builder

Free MT4, MT5 Expert Advisor Builders

Automated Forex Trading is the 'Holy Grail' of advanced Forex trading. ?he following EA builders are offered for free / or provide a free-trial period and can be used for creating EAs on MetaTrader-4 and MetaTrader-5.

MT4 builders are designed to generate customized Expert Advisors by compiling MQL4 or MQL5 code. Some of the following EA builders are web-based, others require installation. When you create your first customized EA you are advised to test it risk-free in a Demo Account before trading for real money.

Here are the free Expert Advisor Builders :

(1) EA Builder for MT-4, MT-5, and Tradestation

0 PRICE : Free for creating Indicators

0 BUILDER : Web-Based App

0 EXPERIENCE : Semi-Advanced / Advanced Traders

The EA builder is a free application for creating indicators. You can turn your manual trading into arrows and alerts and create indicators for MT4, Mt5, and TradeStation. You can also turn any manual system into a fully-working Forex Robot (EA).

Here are the basic features of the EA Builder:

  • Develop indicators and EAs for trading Forex pairs, stocks, indices, ETFs, commodities
  • Create EAs without knowing anything about programming
  • Tens of built-in functions such as support, resistance, trendlines and time (select when to trade)
  • Every feature of the EA Builder has a popup tip that helps and guides you
  • Three (3) Alert Types (eMail, Audible alerts, print to output window)
  • Full Money-Management system with custom functions
  • The generated code is contained in a single file, ready to be used on MT4, MT5, or Tradestation

EA builder is completely free for creating Indicators but if you want to create EAs there is a one-off payment.

Here is the website of EA Builder :

(2) Expert Advisor Builder for MetaTrader 4

0 BUILDER : Web-Based App

0 EXPERIENCE : Semi-Advanced / Advanced Traders

The Expert Advisor Builder (EAB) is a web-based EA builder that is free and simple to use. EAB generates EAs for MT4 by using seven (7) fields.
(i) EA Template field
In this section, you may enter your own script.
(ii) EA Variables field
In this section, you will set up your main variables according to which you will control your trading strategy .
(iii) EA Buy-Strategy field
Set-up your EA buy-strategy.
(iv) EA Sell strategy field
Set-up your EA sell-strategy.
(v) EA Closing (Buy) strategy field
This section allows you to enter the conditions for Closing Positions opened according to the 'Buy strategy' field.
(vi) EA Closing (Sell) strategy field
This section allows you to enter the conditions for Closing Positions opened according to the 'Sell strategy' field.
(vii) EA Order Options field
Set up some extra settings for your Expert Advisor.

Here is the website of the Expert Advisor Builder (EAB) :

FX ROBOTS

Forex Robot Reviews

KeltnerPRO Forex Robot Review

KELTNER PRO REVIEW

KELTNER PRO REVIEW SUMMARY

Foreign Exchange Robot : KeltnerPRO

Software Programmer : Jared Rybeck

Scalping : Scalping 5 pairs on M5 and M15 charts

Forex Pairs : EURUSD, GBPUSD, AUDUSD, NZDUSD and USDCHF

Trading Platform : MetaTrader-4 (build 600 or later)

License : 1 Real Account License / Lifetime updates

Pricing : 199 USD for a Partial License or 499 USD for a Lifetime License

INTRODUCTION TO KELTNER PRO

KeltnerPRO is designed as a fully automated Forex trading system scalping 5 pairs on 2 timeframes, M5 chart for EURUSD and M15 for the rest pairs. The system works only on MetaTrader-4 and executes on average 1 trade per day. The system is programmed towards its long-term success and therefore chooses to trade very selectively. For some traders that may be considered as a disadvantage for some other traders the potential of constant profitability in the long-run is a serious matter and a top-priority. KeltnerPRO can operate in any PC with a good connection to the internet but the system’s developers recommend a VPS hosting running 24/7 for optimized performance.

NFA (US) Compliance: YES

KELTNER PRO PERFORMANCE (LIVE CHART)

KELTNER PRO ALGORITMH

KeltnerPRO algorithm is based on the principles of Keltner Channels. Keltner Channels is a technical analysis indicator applying a moving trend model and has been developed in the 1960s by Chester Keltner. Originally the Keltner Channels indicator was applied on commodities trading. The KeltnerPro trades within the Keltner channels using price reversals and by executing selective trades. The average won pips are about 30.

All trades are opened at the new bar open by using dynamic take-profit and stop-loss orders. KeltnerPRO applies trailing-stops within a system called Positive Profit Flow Lock (PPFL).

The EA is programmed to trade five (5) Forex pairs on multiple timeframes. In order to achieve optimized results the Forex Robot must be set as follows:

  • M15 Chart: EURUSD
  • M5 Chart: GBPUSD, AUDUSD, NZDUSD, USDCHF

KeltnerPRO executes on average 30 trades on a monthly basis. The system is designed to take action only if a specific set of rules and conditions are met and that is why it may stay inactive for a whole week and then execute 5-6 trades in a single trading day.

Forex Trend Detector

FOREX TREND DETECTOR REVIEW

FOREX TREND DETECTOR REVIEW SUMMARY

Foreign Exchange Robot : Forex Trend Detector

Software Programmer : The team of Wallstreet Forex

Scalping : Scalping the M5 chart using a low-risk volatility-breakout strategy

Forex Pairs : EURUSD (but it can trades other pairs as well)

Trading Platform : MetaTrader-4

License : 1 Real Account License / 2 Demo Accounts / Lifetime updates

Pricing : 247 USD

INTRODUCTION TO FOREX TREND DETECTOR

Forex Trend Detector is an automated Forex software for Metatrader-4, the EA is compatible with all MT4 brokers and all brokers using the ECN-type order fulfilment. The Forex Trend Detector uses tight management and profit protection via several filters. The system is designed to trade very selectively by accepting only trades with high Reward/Risk Ratio. The success of the EA is based on a volatility breakout strategy that is programmed to validate and to trade the breakout signs via statistical techniques and years of analysis in raw market data. Recommended setup includes a PC with 2 GHz CPU, 4 GB RAM, and operating system one of Windows XP, Windows Vista, Windows 7, Windows 8 or Windows 10.

Here is the Forex Trend Detector Live Performance

FOREX TREND DETECTOR ALGORITMH

The Forex robot is designed to trade exclusively EURUSD in the M5 chart but it can trades other Forex pairs as well. In the core of Forex Trend Detector EA is a polynomial algorithm programmed to adjust its parameters in real-time. There are many filters incorporated such is spread and slippage control, tight management and a drawdown compensation algorithm.

The Expert Advisor is programmed to open 10 trades maximum in the direction of the market impulse in at least 5 minute intervals. All trades will be protected by using tight management system (tight stop-losses and fair trailing-stops). In case of a false breakout, trades which will be closed at about 35 pips loss.

The Volatile Breakout Strategy :

  • It is based on a sequence of market observations and trading actions that signify a tendency in the market
  • It recognizes when a volatile market is closing to an end
  • It identifies the volatility borders bracketing the dominant market trend
  • Executes trades based on predicted price levels when the breakout occurs

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