In the fast-paced trading scenario, forex trading EAs are preferred for their unmatched responsiveness, and ability to identify profitable trading opportunities and execute trades without any psychological biases. Forex EAs are fully automated trading software that can be used on platforms like MT4 while offering an upper hand on manual trading in certain aspects. However, since the market is getting saturated with various FX bots as a result of adapting the technological advancement, there is a chance of getting misled. Below are the six most popular FX robots that are preferred by both beginners and professionals alike.
1000pip Climber System
1000pip Climber System is renowned for being one of the most preferred FX bots due to the many favourable features it offers that can drastically enhance the trading experience. 1000Pip Climber System has proven almost like an industry standard since its debut in 2016. The 1000pip Climber System’s cutting-edge algorithm simplifies FX trading. Whether you’re a novice or an expert, it’s incredibly simple to set up, manage, and get results. Furthermore, the software supports several timelines, making it ideal for both short and long-term predictions.
Features:
- The software generates signals that are accurate, reliable, and simple to interpret.
- The robot performs technical analysis and provides you with entry, stop-loss, and profit values.
- On six main currency pairs, traders can employ the 1000pip Climber System.
- The 1000pip Climber System also promises excellent customer service.
Forex Fury
Forex Fury is another name that is worth mentioning when it comes to discussing the best FX robots in the market currently. The EA has a proven record of success and reliability that can be verified by the Myfxbook accounts as well. Forex Fury, owing to the dedication and expertise of the developers have achieved to be one of the most profitable and easy to use bots at present. It works on NFA, MT4, MT5 and other platforms. Featuring full-length installation guidelines and tutorials, Forex Fury likewise makes it incredibly quick to get started, which is often preferred by novice traders.
Features:
- MT4 and MT5 are both supported by the bot.
- Forex Fury has the ability to trade on any currency pair, indices, or crypto.
- Low, medium and high-risk methods are followed by the robot.
- It also provides excellent customer service.
Learn2Trade
Learn2Trade is also a reliable source of currency, equity, and crypto signals. With 3-5 validated alerts per day, the service includes all primary financial marketplaces, including FX and cryptocurrency. Learn2Trade FX signals are trusted by over 25,000 traders. It combines AI and machine learning skills with the knowledge of its traders to continuously scan the currency markets. Moreover, if traders find the automation system did not assist them in getting a profit, the company gives a 30-day, 100 per cent money-back assurance.
Features:
- The bot generates exceptionally reliable FX trading signals.
- Mobile and desktop applications are also available on the platform. The application is simple to install, set up, and operate.
- Traders can also get the benefit of trading on the go with the mobile application.
Wallstreet Forex Robot
WallStreet Forex Robot is a low-risk scalping strategy that follows short and medium-term trends and is built around successful trading tactics. All algorithms have undergone extensive testing, evaluation, and re-testing. Any MT4 broker, including ECN brokers, can operate this bot for FX traders. The latest version of the Wallstreet Forex Robot 3 reacts to changing market circumstances automatically. The cutting-edge software also makes real-time adjustments to the system’s parameters. A Broker Protection System is also included in the WallStreet Forex Robot.
Features:
- Wallstreet Forex Robot 3 includes more important trading tools to help traders to improve their trading results.
- The EA can be used with any brokerage and an ECN account.
- The robot only functions with NFA-registered brokerage firms.
- Users cover trades with high spreads and excessive slippages using the Broker Spy Module. Traders can defend themselves against their broker’s unethical behaviour.
Conclusion
Traders can generate big returns in the FX market using a sophisticated and dependable bot. However, selecting a particular provider can be challenging with dozens of trading robots available online. This is why thorough research and getting familiar with the popular FX bots are necessary when it comes to automated trading.
