8 Best EA Forex Robots in 2020

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8 Best EA Forex Robots in 2020

FOREX ROBOTDESCRIPTIONPRICINGRATINGGET STARTED
FOREX TRENDYForex Trendy analyzes 34 currency pairs on all time frames from minute – monthly charts, 306 charts in total. $3 per week or $37 quarterly.
Coupon: N/A






FOREX PROFIT DEFENDERForex Profit Defender is a forex trailing stop assistant which is perfect for implementing stop loss on your trades.$55
20% Off – CODE: 20DCCALL

FOREX TESTER 4
Forex Tester - Trading Simulator is one of the best backtesting software. Factors in the broker’s commission in every trade and perfectly calculates risk.$149
50% Off automatically applies at Checkout.

FOREX TREND DETECTOR
Forex Trend Detector minimizes rapid drawdown, detects profitable currency trends, and market volatility. $167
10% Off – CODE: 10AP2020

VOLATILITY FACTOR PRO 2.0
High pip performance robot with excellent slippage and spread protection. Powerful Broker Spy Module.$187
10% Off – CODE: 10AP2020

FOREX GOLD INVESTORBest Gold trading forex robot, with a skillful auto trading strategy for exploiting gains in the Gold market.$197
10% Off – CODE: 10AP2020

FOREX DIAMONDSelf-optimizing robot known for speedy order execution, signal, counter-trend, and scalping strategy.$237
10% Off – CODE: 10AP2020

WALL STREET ROBOT 2.0Excellent profit protection improved, trading logic, perfect stop, and limit order execution.$237
10% Off – CODE: 10AP2020
8 Best EA Forex Robots in 2020

Forex trading is a serious business requiring optimal use of financial resources. And of course, you cannot afford to waste your time and resources on trading tools that simply don’t work.

With a broad market for EA Forex Robots, the features, application, and technicalities of each robot differ from the other. Pricing may be another important consideration for you.

Just in case you’re new to trading with the use of programs or algorithms, forex robots are software that intelligently analyzes forex market trends and decides which currency pairs are ideal to trade at a certain time frame.

We’ve simplified the process by running a series of tests ourselves to find out forex robots that actually work.  In our testing, these are the features we tested.

  • Backtesting scope.
  • Spread and slippage protection.
  • Self-updating abilities.
  • Frequency of updates from the developers.
  • Compatibility with MetaTrader (MT4 & MT5)
  • Risk & money management tools.
  • Auto and manual trading parameters.
  • Customer reviews.
  • Customer support system.
  • Pricing and discounts.

8 Best EA Forex Robots that Makes the Most Money

Investing is an EA runs into hundreds of dollars depending on the purpose of the robot and the maker.

Expecting a positive returns on your investment is sensible and you deserve to purchase one that gives progressive and repeatable results.

From tests conducted on an array of forex robots from our team.

We feel confident to refer you to the under listed just in case you’re considering a forex robot.

The deal breaker is that we have included valid coupons codes for these digital products as high as 20% if you buy through any of the links in the review. Thanks to our partners for making this possible.

Let’s get to the details.

Forex Trendy

About Forex Trendy

Forex Trendy is a forex trend scanner that finds the best currency pair with a corresponding time frame to trade. Forex Trendy uses no indicator but relies on pure price action.

What makes the Forex Trendy unique is that it has the ability to analyze 34 currency pairs on all time frames from minute – monthly charts, that’s about 306 charts. Forex Trendy can consistently do this every second for a potential breakout.

How it works

Forex Trendy’s powerful computers scan the market to find the best currency pairs and time frame and notifies you when to trade. The system finds the best trend to follow. With this, your odds are increased for profits.

Compatibility

MetaTrader 4, NinjaTrader, TradeStation.

Pros

  • No thick ebooks to read or complex software to install.
  • Live charts of the best trending currency pairs and time frames.
  • Audible alerts, email alerts.
  • User friendly interface.
  • Optionally, you can select / deselect currency pairs or time frames from the auto analysis and more options.
  • Quick overview of the trends on all time frames.
  • Automated chart analysis – recognizing “Triangles, Flags, Wedges and Trend Lines” on 34 currency pairs and all-time frames.

Cons

  • Billing is quarterly compared to other robots which have a one-off payment.
  • Notification on periodic updates of the software were missing from their website.
  • Not much is revealed about customer testimonials.

Pricing

$3 per week or $37 quarterly.

Money back guarantee

60 days

Discount

Not available at the moment.


Forex Profit Defender

About Forex Profit Defender

Forex Profit Defender is a forex trailing stop assistant which is perfect for implementing stop loss on your trades. This forex robot helps traders that trade with other forex robots that don’t use trailing stops.

Why are these trailing stops unique to Forex Profit Defender?

  1. Simple trailing
  2. Bollinger bands trailing
  3. Parabolic SAR trailing

The recent version of the Forex Profit Defender is equipped with forex signals that can automatically implement trades on its own. It can alert BUY or SELL signals on Bollinger and Parabolic SAR indicators which is brilliant. This EA forex robot can be used on all currency pairs and time frames.

How to use

Simply activate Forex Profit Defender on your MT4 chart, set the correct time frame by implementing a simple trading strategy (Entry and Exit points).

To use the signal features, manually adjust the signal settings to suit the robot’s time frame and chart.

When attached to charts, it can print two buttons of BUY and SELL separately.

Note that the Forex Profit Defender can implement trailing stops on other forex robots as well.

Pros

  • 3 trailing stops system.
  • Manual trading options.
  • High take profit and stop loss from the broker.
  • Broker protection from underling schemes.
  • High spread and slippage protection.
  • Integrated account and money management tool.
  • Offer free updates to the software.
  • Easy to understand and use.

Cons

  • Seem to focus mainly on stop loss excluding other areas of trading.
  • Used in conjunction with other forex robots.

Pricing

$55 (One-off payment)

Discount

20% Off – CODE: 20DCCALL


Forex Tester 4 – Trading Simulator

About Forex Tester 4

Forex Tester 4 – Trading Simulator is one of the best backtesting software out there with over 14 years market dominance.

Over 50,000 traders use this software giving comfort to new traders that may want to try it out. Evolving through four different stages from Forex tester 1 – Forex tester 4 which is a recent release, there maybe just a few backtesting rivals to Forex tester 4.

Meanwhile, backtesting means analysing historical data for informed decision making. The Forex Tester 4 is a backtesting software that does a brilliant historical analysis of charts and currency pairs

Key features

  • Factors in broker’s commission in every trade.
  • Risk calculations.
  • Crosshair upgrade, learns to analyse more data.

How to use

  1. Once installed, go to any point in high-quality forex trading history.
  2. Analyse market conditions.
  3. Find a trading setup and open a trade.
  4.  Rewind and fast-forward instantly.
  5. Discover results and repeat with other orders.
  6. Analyse detailed statistics of your entire strategy.

Pros

  • Long service history since 2006.
  • 19 years of free data with 10 simple strategies, U.S. major news and whitepapers.
  • Complete guide up to top 20 indicators.
  • Visual strategy builder and fundamental analysis included.
  • Risk calculation methods and money management.
  • Free online demonstration of software before purchase.
  • Real-time personal assistance via TeamViewer.
  • 30 days money back guarantee.

Cons

  • Pricing is a bit on the high side for standard plan, although the quality is worth it.

Pricing

Basic plan costs $149 (1 license).

Standard plan cost $321.00

VIP plan cost $328.99

Discount

50% Off automatically applies at Checkout.


Forex Trend Detector

About Forex Trend Detector

We strongly recommend this product by FXAutomate on the premise of a tested, reviewed, and refined algorithm compared to its counterparts in the market.

Forex Trend Detector was designed with the guidance of industry’s most respected experts with over 15 years currency trading experience.

The developers added a smart drawdown compensating algorithm to protect your account by minimizing rapid drawdown, allowing you exit your trades with minimal loss.

The volatility breakout strategy combined with its conservative drawdown algorithm, results in the most powerful trading tool you’ll ever use.

That’s why we concluded that this forex robot is unique owing to a set of mirrored strategies that successful managers use.

How to use

  • Recognize that a volatile market trend/session is about to end.
  • Identify the volatility borders bracketing the dominant market trend.
  • Pay special attention to situations where the volatility borders occur near important market levels.
  • Set your trades to execute based on predicted price levels that capitalize on market readjustments when the volatility breakout occurs.

You’re probably thinking – “How do I know when a volatility breakout will happen?”

That’s where Forex Trend Detector comes in…

Pros

  • Very high risk to reward ratio and tight stop loss.
  • Extremely precise market entry.
  • Works with any MT4/MT5 ECN broker, Mac OS and Windows OS.
  • Integrated Visual risk indicator system.
  • Dynamic trading logic and a powerful profit detection system.
  • High possibility of long-term profits.
  • 60 days money back guarantee.

Cons

  • Customer review not visible on website.
  • No trial versions.

Pricing

$167 (One-off payment)

Discount

10% Off – CODE: 10AP2020


Volatility Factor Pro 2.0

About Volatility Factor Pro 2.0

Volatility have become the bedrock of profitable trading. We checked the Volatility Factor Pro 2.0 and affirm that it passed these 3 tests.

  • Order execution speed
  • Spread and Slippage protection
  • High pip performance

The recently released Volatility Factor Pro 2.0 is an improved version of the first version of the Volatility Factor.

We’ve simulated the performance of the two forex robots at the same time frame and market condition, the outcome was:

  • Volatility Factor: +62000 pips
  • Volatility Factor Pro 2.0: +107,000 pips.

We feel that FXAutomate equipped the Volatility Factor Pro 2.0 with a unique Broker Spy Module that summarily delivers long-term profits to traders in volatile market situations.

The Volatility Factor Pro 2.0 averages 1000 trades per year because it thrives on all market conditions.

FXAutomate further improved Volatility Factor Pro 2.0 with:

  • An intelligent and dynamic trading logic.
  • High news filter that is up-to-date and reliable.
  • Advanced time management.
  • Efficient money management system.
  • Slippage and spread protection.
  • Long-term delivery of profits.

How to use

Volatility Factor 2.0 comes with a click through installation wizard that installs package from start to finish.

Download package, Install (about 2 minutes duration) and start using in minutes.

How it works

  • The software watches the market for volatility.
  • It reacts and leverages market direction.
  • When it spots a movement in one direction, it signals trade in the medium-term market impulse.
  • It also takes advantage of pricing oscillation around a prevailing price point thereby increasing a traders profit points.
  • With a lightning fast trading logic, it delivers 3-4 excellent trades per session.

Pros

  • Powerful Broker Spy Module that prevents cheating from unscrupulous brokers.
  • Closes out each trade at its optimal level.
  • 1 Live and unlimited demo accounts.
  • No perfect trend needed. It works in volatile and stagnant market trends.
  • Trades all accounts (Standard, mini, micro lots)
  • Compatible with any MT4 and ECN brokers.
  • 3 Intelligent built-in protection system.

Cons

  • Only four currency pairs are available for trading (EUR/USD, GBP/USD, USD/JPY, and USD/CHF).
  • Customer reviews are not displayed on website.

Pricing

$187 (One-off payment)

Discount

10% Off – CODE: 10AP2020


Forex Gold Investor

About Forex Gold Investor

Forex Gold Investor is another brilliant product from FXAutomate. The Forex Gold Investor is ideal for serious precious metal investors.

We see the Forex Gold Investor as a tool to scientifically extract profits from the gold market. Precious metals have become a store of value and investors are exploiting gold’s safe haven and investing therein big time.

The Forex Gold Investor is a “Set and Forget” system as hundreds of models were tested and integrated into two complete strategies, having selected the best performing models.

We think this is one of the few, perhaps the best FX robot in terms of gold trading. 

How to use

Forex Gold Investor comes with a click through installation wizard that installs package from start to finish.

Download package, Install (about 2 minutes duration) and start using in minutes.

Click on the “Plus” sign on your MT4 navigation panel, Forex Gold should appear on the dropdown menu.

Drag the gold forex robot into your MT4 platform and wait for price triggers.

Pros

  • Perfect for traders with any experience level.
  • Easier to trade gold than currencies as market moves in a linear trend.
  • Equipped with 2 proven trading strategies.
  • Unique Broker Spy Module for detecting spreads, slippages and effective money management.
  • 1 real account, multiple demo accounts.
  • 60 days unconditional money back guarantee.

Cons

  • Limited to only gold trading excluding other precious metals.
  • No strong competition on FX gold robots and its strength cannot be fully ascertained.

Pricing

$197 (One-off payment)

Discount

10% Off – CODE: 10AP2020


Forex Diamond

About Forex Diamond

Forex Diamond EA is a rare combination of trend & countertrend strategies, smart money-management, dynamic trading parameter configurations, and rapid trade execution.

Forex Diamond EA is a complete trading system for currency traders who want speed, precision and reliable performance... This makes it one of the most powerful expert advisors in the forex robot market.

At a random live performance testing, this robot made a total profit of +2080.2 pips position, it is a high-performance forex trading robot that you’ll need to take on the volatile market.

Its 3 proven trading strategies are:

  • Signal strategy.
  • Counter trend strategy.
  • Scalping strategy.

What we like about Forex Diamond is that it was built to self-optimize itself to any of the 3 strategies without having to manually adjust it to suit any market condition.

With the market dynamics, we believe every trader needs a comprehensive trading system that can automatically track market movement, efficiently adjust trading parameters and deliver quickly on profits.

Forex Diamond is fast, smart and easy to use. We believe FXAutomate perfected the art of automated forex trading in Forex Diamond at the price that it’s worth.

How to use

Forex Diamond comes with a click through installation wizard that installs package from start to finish.

Download package, Install (about 2 minutes duration) and start using in minutes.

Click on the “Plus” sign on your MT4 navigation panel, Forex Diamond should appear on the dropdown menu.

Drag Forex Diamond into your MT4 platform and commence trading.

Pros

  • Amazing 40+ Recovery Factor means that the EA earns 40X more money than it loses. 
  • High Spread and slippage protection.
  • Self-calculating take profits and stop loss.
  • Self-updating algorithm as market condition changes.
  • 1 real account, multiple demos.
  • MT4 and MT5 compatible.
  • Comprehensive software development for effective trading.
  • 60 days money back guarantee.

Cons

  • We couldn’t identify any major flaw of this software. We however look forward to future developments.

Pricing

$237 (One-Off payment)

Discount

10% Off – CODE: 10AP2020


Wall Street Forex Robot 2.0

About Wall Street Forex Robot 2.0

We’ve decided to close the review with the Wall Street Forex Robot 2.0 Evolution owing to its outstanding industry performance. The Wall Street forex robot has the longest MyFxbook verified performance on real accounts with amazing results.

We believe strongly that this software is defence proof and ready for the 2021 market. The deal-breaker is that you’re getting additional 3 forex robots for the price of one which in our opinion is massive.

  • Wall Street Asia 2.0 Pro.
  • Wall Street Recovery Pro.
  • Wall Street Gold Trader.

These robots are rock-solid, accurate and reliable when used to trade in diverse market conditions. It delivered consistently in profits with minimal human intervention.

We rank the Wall Street forex robot well above its competitors in terms of high ROI owing to several factors which includes but are not limited to:

  • New and improved exit trading logic.
  • Improved profit protection system.
  • Self-updating trading algorithm.
  • Possibility of using pending stop and limit orders.

Just to compare the performance of Wallstreet 2.0 Evolution with the Wallstreet Forex Robot, let’s look at the simulated performance of both for the same period of time:

Wallstreet Forex Robot: +16,000 pips

Wallstreet Forex Robot 2.0 Evolution: +26,000 pips.

Our take on Wall Street Recovery 2.0 Pro is that it’s a properly built software accommodating any class of trader in diverse market conditions.

How to use

Wall Street Forex 2.0 Pro comes with a click through installation wizard that installs package from start to finish.

Download package, Install (about 2 minutes duration) and start using in minutes.

Click on the “Plus” sign on your MT4 navigation panel, Forex Diamond should appear on the dropdown menu.

Drag the EA into your MT4 platform and commence trading.

Pros

  • Low risk scalping following short and medium term.
  • In-built automatic risk calculating algorithm.
  • Real-time updating system
  • Broker Spy Module.
  • Supports all currencies.
  • Improved profit protection system.
  • 1 real account and multiple demos.

Cons

  • Robots ignores emotion and rely on programmed logic.

Pricing

$237 (One-off payment)

Discount

10% Off – CODE: 10AP2020


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