Best forex robot software
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Best Forex Robots
A common way that people invest in Forex now, is with a Forex robot. There are hundreds of robots and automated trading software that you can find online, and naturally many of them are scams.
A big problem with most Forex robots, has to do with the brokers that they work with. If the software company who made the robot allows it to connect with an unlicensed broker, then you can be sure the product is not a real Forex robot. Be sure to review all the licensed Forex brokers with active and valid broker licenses, see here.
Popular Forex Trading Robots
The robots listed below are connected with a variety of brokers and they are among the most popular software in use today by traders.
FX Master Bot is a new auto-trading Forex robot that is integrated with multiple licensed Forex brokers like 24Option, iTrader & EuropeFX.
The software allow you to control your risk levels, the forex pairs it trades, and you can enable “reverse trading” the trade signals.
What are Forex Robots?
The basis of a robot or trading software starts with trading signals. Trading signals are generated by algorithm software, which analyzes the markets for trading opportunities. Usually the algorithm software will have a variety of technical indicators which it looks for to generate a trade idea.
Trade ideas are then automatically transferred into an order ticket on your account and submitted to your broker.
Depending on which Forex robot you decide to use, will depend on the trading signals it is using. Many robots let you choose which technical indicators you want to receive signals for. The more options available for you to configure, the better the software is.
100% Accuracy & Great Results
It is very important to understand that there is no such thing as perfect trading signals, and there does not exist a Forex robot with consistent positive results. No matter what the man in the video told you!
A Forex robot that does not give you the ability to adjust the settings, it guaranteed to be a scam robot. If you are using a real robot which lets you configure the settings, and choose the strategy and assets, then no two people will see the same results.
When using an automated trading robot, the most important thing to do is constantly monitor its performance. Hundreds of factors are at play when trading the financial markets. An accurate signal, which produced a profitable result on the $EUR/USD pair, may not continue to generate more profitable ideas that day / week.
Forex Auto Trading Software
How does Forex Robot Auto Trading Software Work?
Before knowing how Forex robot auto trading software works, you must know the definition of Forex and CFDs trading. According to traders, Forex and CDFs trading are just like other regular options; however, they have a fixed payout that depends on the expiry date.
As internet is improving day by day, the usage of Forex robot auto trading software has become quite famous and easier as well. Forex and CFD trading are regarded to be the best way of having exposure to the assets of variant classes.
The Forex robot auto trading software is quite simple and easy to use. If you are a trader, then you can definitely earn massive profits by using Forex robot auto trading software.
Best Forex Robots:
Using Forex Robot Auto Trading Software
When it comes to using Forex robot auto trading software, you need to know the variant trends, volume of movements and the prices of assets that underlie your trade process. You can do this by doing a detailed analysis of charts and variant movements of pieces that happen on weekly, monthly and daily basis as well. The payout actions that are carried out during the process of using Forex robot auto trading software are usually all or are totally nothing. This happens irrespective of the fact that when the option will end. Therefore, you must be able to interpret the meaning of price movements in detail.
Top Forex Brokers:
Forex robot auto trading software lets you earn enormous profits without having exclusive information about the process of trading. When you are undergoing a top quality system of trading, you are able to carry out trading activities with the help of different techniques without watching and monitoring the market on consistent basis. Therefore, it is quite easier for you to manage different accounts as you cannot manage these accounts manually.
There is another major benefit of using Forex robot auto trading software according to which you do not have to show a mandatory presence at the time of trading. You can easily take the best benefits out of this system at night or in the morning. If you are a busy person and you are unable to take some out for trading or if it is difficult for you to be present at the time of trading, then this automated system has been created for you.
Pro Tip: Some Forex Robots are much better than the others. Make sure you choose the best one! We have reviewed more than 300 Forex Robots. Check out why we do not recommend them and their disadvantages:
In addition to this, you can reduce the risks that are associated with trading by using Forex robot auto trading software system. This is because you can easily use different systems of buying and selling that have variant time frames and indications. There is no kind of psychological trading incorporates which means that you do not have to remain stressed out the entire time. You will be able to make better decisions of trading.
By using Forex robot auto trading software system, you can definitely earn greater benefits as a beginner in the world of trading. It is better to use automated systems rather than staring at your computer screen the entire day and spending your time in figuring out the charts and terms that are uses in the process of trading.
You can thus use Forex robot auto trading software system for placing your trades while getting busy at your work or watching your favourite sports.
How to Choose Top Forex Robot?
Be careful with the “Automated systems” advertised via email – Get Rich Quick, make millions, and so on.
The Best FREE Forex Robot Download
The Forex Geek free forex robot download including trading results, instruction manual, preset files for all currency pairs and optimisation guide. This free forex robot has nearly all MetaTrader indicators and candlestick patterns built in! There is no trial period or limitations at all. You are free to use it forever for your own personal use. The forex geek free forex robot can be set semi-automated to give you alerts (pop-up, email and/or SMS) when there is a signal and can be used fully automated to enter, manage and exit your trades for you. It works on MetaTrader 4 with any currency pair and any time frame. There are many filters you can switch on/off including over 40 technical indicator analysis and 11 candlestick patterns. There are also many other features and filters that make this the best free forex robot download available. It can be customised to do practically anything that you need it to! You can use it for your own forex trading system or you can optimize it to find new forex trading systems. It is even ready to use straight out of the box with my currency preset files for 28 currency pairs on the 1 hour, 4 hour and daily time frames.
To download a free copy of the forex geek free forex robot just put your email in the form on this page and you will receive an instant download link. Includes free forex robot, instruction manual, preset files, testing results/portfolios and robot optimsation guide.
Free Forex Robot Results
I have tested my free forex robot on over 28 currency pairs on 3 different time frames and found a ton of profitable settings! You can test it on as many currency pairs and time frames as you wish to create your own personalised semi or fully automated forex trading system, or you can sue my currency preset files included. I even include a free optimisation guide that explains how to test different settings in the MetaTrader 4 strategy tester. Here are some of my results from testing different settings on 28 currency pairs (currency preset files included).
Free Forex Robot Combined Portfolios
For this testing I optimized the indicator filters and candlestick patterns used. I tested 28 currency pairs in multiple different time frames and combined them together into a portfolio. From this particular optimisation my free forex robot made a cool $36,000,000 in just over 5 years – fully automated! The draw down is less than 0.5% and the win rate almost 70%. There was plenty of trade frequency with nearly 50,000 trades made. I used a combination of 1:1, 1:2 and 1:3 risk to reward ratios and the 1 hour time frame, 4 hour time frame and daily time frame – there was no scalping, hedging or grid trading involved. Download my free forex robot and optimisation guide to create your own personalised trading system and see if you can better my results! Or, you could just use the forex geek robot to generate signals for your current trading system – either semi or fully automated. It is the complete forex robot toolkit!
Free Forex Robot Individual Portfolios
Here are the forex geek free forex robot testing results on the 1 hour, 4 hour and daily time frames. Each time frame was tested with a risk to reward ratio of 1:1. 1:2 and 1:3. Every time frame and risk:reward ratio option has the preset file for every currency pair (28 each in total) included in the free forex robot download as well as the detailed portfolio and individual currency pairs strategy tester report. You can choose your time frame and risk to reward ratio then load the required preset files and let the forex geek robot trade fully automated for you.
Free Forex Robot 1 Hour Portfolios
Free Forex Robot 4 Hour Portfolios
Free Forex Robot Daily Portfolios
Free Forex Robot Indicator Analysis
All indicators can be set to on/off. Only when all the indicators set to on agree will you be given a trading signal. You can also change each indicators numerical input.
Trend Indicators (switch on/off)
Bollinger Bands Breakout
Std Dev Level
Oscillator Indicators (switch on/off)
Cci Not Extreme
Stoch Not Extreme
Rsi Not Extreme
Macd Zero Line
Demarker Not Extreme
Osma Zero Line
Rvi Zero Line
Wpr Not Extreme
Volume Indicators (switch on/off)
Mfi Not Extreme
Bill Williams (switch on/off)
Ac Zero Line
Ao Zero Line
Free Forex Robot Price Action Analysis
All candlestick patterns can be set to on/off. When a chart pattern set to on appears on the chart, you will be given a trading signal provided all the other technical analysis indicators set to true have a valid signal. If you switch no pattern on then there will be a signal if all the technical analysis indicators agree without there being a candlestick pattern.
Candlestick Patterns (switch on/off)
Hang Man / Inverted Hammer
Shooting Star / Hammer
Three Inside Up Down
Evening / Morning Star
Falling / Rising3
Three Crows / Soldiers
Free Forex Robot Other Features
Use Break Even
Break Even Point
Min Lot Close
Free Forex Robot Signals
When running the forex geek robot on a chart you will get an alert (pop-up, email and/or SMS) when there is a signal if you have “use alerts” on. From then you can decide if you will manually place a trade or not. The forex geek free forex robot will manage your manual trade for you. If you set “use trading” on then the trade will automatically be placed and managed for you. You may run the forex geek free forex robot on multiple charts and multiple time frames.