The Best Forex Trading Robots – Listed and Rated
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Forex trading is the biggest financial market in the world. The interest in Forex trading is increasing every day as there are more and more people who decide to become Forex traders. Thankfully, there are many brokers that are ready to offer traders high-quality services.
Although very popular, Forex trading is also known for being a very demanding market. There are numerous Forex traders in the market who are spending hours analyzing the market and finding the best trading conditions.
Sometimes, it can get very tiring and even exhausting to sit in front of your computer simply analyzing the market and looking for trading opportunities. The job is very intensive and traders usually get bored of looking at the charts, reading different types of analysis, and following the main trends in the market.
If you are one of those traders looking for ways to become part of the Forex trading market without having to spend hours researching and analyzing the ongoing events in the market, Forex trading robots can be a perfect choice for you.
In today’s guide, we are going to review some of the best options available in the market. So, follow our guide to the best FX trading bots as we discover the best robots that you can use for Forex trading.
What is a Forex Trading Robot?
In the Forex trading market, Forex trading bots refer to a computer program that is based on different types of Forex trading signals. These programs help traders determine the best buying and selling opportunities in the financial markets.
The general idea behind Forex robots is that they are designed to remove the psychological part of trading altogether, which makes them a safe option for traders. In many cases, Forex traders are having a hard time controlling the emotions that come with Forex trading. Because the Forex trading market is so volatile and risky, in many cases, traders tend to worry too much and miss out on opportunities that could earn them higher profits.
The main idea behind Forex trading robots is to take away that emotional side of trading. When using the Forex trading robot, you set the settings of the bot according to your needs and standards in the market.
The trading robot is capable of strictly following the settings that you have provided and one-handedly takes away the chance of making any human mistake. Thanks to this, you will be able to strictly follow your plan and not make decisions because of being nervous about something.
There are numerous Forex trading robots available in the market. Some of them are created to provide traders with information about the possible direction the market could take, these are called signal providers. On the other hand, there are others that can actually trade Forex for you. These bots can open and close positions automatically, making trading a seamless experience. There also are some trading robots that can do both.
Ways to Find the Best Trading Robots
Because there are so many different options available in the market, it can get a bit hard to find a Forex trading robot that fits your needs the best. The best thing to do is to first understand your needs in Forex trading and try to tell what exactly you are looking for in the FX trading market.
In addition to your needs in the Forex trading market, there also are other things that should be considered, such as the safety and security offered by the trading robot that you are using. To determine whether the trading robot is legit or not, you should take your time to do extensive research about it.
A very useful thing to do is to look for the feedback that people have given to the trading robot. In most cases, traders gather in different types of forums to share ideas about the Forex trading robots that they are using.
By becoming part of one of those forums, you can better understand which Forex robots are better and are better and most used than the others. The clients of the robots are the best source of information for you as they have actually used the programs and know how useful they can be.
But, there is much more you can do to make sure the trading robot is useful enough. One of the best things that you could do is to test the trading bot on your own. Majority of the robots available in the market offer traders demo services. This way, you can test out the trading robot on your own and find the best Forex trading robot in the market according to your personal experience.
Another very useful thing to do is to backtest the trading robot. Backtesting is one of the most popular and used methods of testing different types of Forex trading strategies and robots in the market. Backtesting lets you test the trading robot in different types of market conditions according to the historical data of the market and see how it would respond in different types of situations.
The Best Forex Trading Robots
There are numerous Forex trading robots available in the market and each of them is different from one another in numerous ways. Even trading bots that were created by the same companies differ in some aspects.
To help you find the best automated Forex trading robots in the market we have done extensive research and managed to find the best opportunities that you have in the market. Among the best Forex trading robots that we have discovered in the market are Ultima EA, Zeus EA, Ganon Bot, GPS Bot, and Itic Bot.
All of the trading robots and expert advisors are known as leaders in the market and are capable of giving you amazing opportunities. Let’s continue by discussing the best Forex trading robots below.
Ultima EA
Among the most popular Forex trading robots is an expert advisor known as Ultima EA. This expert advisor was developed by two very high-skilled professionals, Mislav Nikolic and Chris Svorcik, both of whom have very long and successful experience in the financial markets. This Forex trading expert advisor is a fully automated bot that is able to trade Forex currency pairs for you.
It is available on the MetaTrader 4 trading platform, which is one of the most popular trading platforms in the market. The company offers traders the ability to trade using 3 different expert advisors and pay for one only.
When you get this trading expert advisor, you will have access to three very useful expert advisors, they are Ultima EA, Ult Pro, and Rush EA. The trading expert advisor has been in the market since 2019 and is known for high profitability and great services. There are different types of subscription options available at Ultima EA.
You can get a regular monthly subscription for 199 euros, or go with a yearly subscription and pay a one-time payment of 1,899 euros, which means 157 euros per month. You can also get a sponsored version of the trading expert advisor, which will give you 40 percent off and you will only have to pay 1,499 euros a year, which is 121 euros per month.
To be able to access the trading expert advisor of Ultima, you will first need to open and verify an account with one of the trusted Forex brokers that the company partners with. After doing so, you will purchase the EA and deposit funds on your trusted Forex broker account.
After opening an account with Ultima EA, it will be verified in a maximum of 2 working days. You will receive verification with the installation guidelines from the company and will be able to start using it in a few clicks.
The Ultima EA Forex trading robot offers traders the ability to earn up to 35 percent by referring the trading robot to their friends. The trading platforms offer traders the ability to start and cancel trading at any moment according to their wishes.
There is no minimum capital to start using the EA and you have the ability to customize everything according to your needs. The trading EA comes with pre-determined trading settings, however, you can easily change it according to your needs and wants in the Forex trading market.
This expert advisor is very popular in the market for numerous reasons. Because the EA was created by people who are very close to the Forex trading market, it is full of opportunities for traders of all backgrounds. It truly is one of the best expert advisors and trading robots available in the market. It can be very easily customizable, which makes it a perfect choice for Forex traders.
However, one thing that traders should keep in mind is that the expert advisor is heavily focused on the EUR/USD currency pair and is mostly used to trade this currency pair.
Zeus EA
Zeus EA is another very famous Forex trading robot that is a perfect fit for traders of all different backgrounds. This trading expert advisor offers traders as much as 5-15 percent of returns every month and is used on the MetaTrader 4 trading platform.
The trading platform is very easily accessible and is verified by MyFXbook and is powered by professional traders and experienced market participants. If you are someone looking for a way to earn passive income from the Forex trading market, you should definitely install this expert advisor, fund your account, and let Zeus EA do all the hard work for you.
This expert advisor has been active since 2019 and it has managed to have average returns of 15 percent a month, which is a great offering for traders all around the world. The trading platform is fully automated and offers traders instant, error-free orders. The trading platform is based on a well-thought-out strategy, which makes it a great option for traders. The ultra-fast, high-speed complex monitoring of the market gives you access to the best possible market conditions for both buying and selling currency pairs.
This automated Forex trading EA is capable of trading EUR/USD currency pair, which is known for preferable volatility, liquidity, and low risks compared to other currency pairs. The trading EA was created by Chris Svorcik and Nenad Kerkez, both of whom have a huge experience in the financial markets. These people are responsible for many other revolutionary products in the market and Zeus EA is just a small part of the amazing programs they offer.
However, you do not have to trust our words on how useful this trading expert advisor is, it offers you the ability to test it out on your own. This way, you can be sure that it can meet your expectations and can work without issues in the Forex trading market.
There are several ways to test this Forex trading EA, one way is to use a demo account and see how exactly it can work for you. On the other hand, you can also use backtesting which is one of the best ways to test out different types of strategies as well as indicators or even trading robots in the market.
Backtesting allows you to see how the Zeus EA would work in different types of market conditions. It takes just a few clicks to see how exactly useful this trading EA can be.
The company behind Zeus EA has worked very hard to create a safe, secure, and high-quality environment for Forex traders around the world. It has been tested and checked numerous times by the team behind the company. As a result of extensive tests, Zeus EA has displayed a high level of safety and high standards of security of traders.
Because of the huge effort that the team behind the company has put into this trading expert advisor, Zeus EA is easily among the best EAs available in the market and is capable of helping traders become successful in the Forex trading market.
Ganon bot
One of the best Forex trading robots available in the market is the Ganon bot. This is a very popular trading robot which was created by a famous company called Forex Robot Trader Company. This trading bot is a 100 percent automated trading robot and there is not much that you have to do to successfully use this trading bot.
The trading robot gives you the ability to choose any of the available trading modes. You can either go hyper mode which will give you a very exciting experience, or go with normal trade mode and trade Forex normally.
This trading robot has as much as an 80 percent success rate and is very easy for beginners to use. The company has been around for a very long time and has years of experience in the Forex trading market, which makes this trading bot a perfect option for traders of all backgrounds.
This Forex trading robot uses exclusive Strand Theory, which allows the expert advisor to find the most efficient trends in the market and eliminate any type of false trend shifts. The company claims that they have been working for years on this technology and finally managed to create something special in the form of a Ganon bot.
The trading software is able to automatically optimize the settings and find the best possible trading opportunities in the market in a matter of seconds. Using this Forex trading robot does not require Forex traders to have any actual skills in the Forex trading market. In fact, it is able to do everything on its own with little to no interference from a trader.
The cost of the trading bot stands at $199, but the company very frequently has different types of discounts, so it is recommended to stay connected with the company. The trading robot is totally worth its price and is known as one of the best FX trading robots globally.
This trading robot can be installed very easily, in just a few clicks, and should not take more than a few minutes. The trading bot is optimized for all different types of currency pairs, which makes it a perfect fit for traders of different interests. The best thing is that you will be able to see great results quickly after you start using Ganon’s trading robot.
The team behind the Ganon trading robot has worked very hard to make sure that the needs of every single trader are met. Thanks to this, anyone can easily get started in the market with this trading robot. Ganon trading robot has a very good reputation in the market due to its successful history.
The team behind this Forex trading robot has been in the market for over a decade and has managed to make the market easier to access for traders all around the world. Because of this, there are many traders who trust the trading bot every single day.
GPS Bot
Among the most popular Forex trading robots available in the market is the GPS Forex trading robot that runs on the MetaTrader 4 Forex trading platform. This Forex trading robot has been around for a very long time now, which makes it one of the best options for Forex traders of all different backgrounds. The trading bot has been updated many times by its team, and finally ended up becoming something that is used and appreciated in the Forex trading market every single day.
GPS Forex trading robot was created by a private group of traders that have a huge experience in the Forex trading market. These are the people who are trading Forex every single day and know exactly what other traders need. Thanks to the huge experience that they have in the Forex trading market, they were able to create a trading platform that will not disappoint you and will help you make higher profits trading Forex.
This Forex trading EA is a perfect solution for everyone who is having a hard time analyzing the market on their own. But, it is capable of more than simply analyzing the market. This Forex trading robot is able to trade currency pairs for you, which makes it a perfect choice for traders who want to earn a passive income from the Forex trading market.
All you need to do to use this Forex trading robot is to download and install it. After that, you will be able to sit back, relax, do whatever you want to, simply go on with your day as GPS Forex trading robot trades Forex currency pairs for you.
To get yourself this Forex trading robot, you will be required to be a one-time fee of $149, which is not that much. The current update of the Forex trading robot is called GPS Robot 3, which is very well-developed and completely different from the previous ones released by the company.
This Forex trading EA was created by professional traders with years of experience in the market. Thanks to this huge experience, this trading robot is something that can be very useful for traders of all backgrounds.
According to the team behind the GPS Forex trading robot, the main idea of creating the trading bot was to offer traders something new that they could use to grow their money in the Forex trading market. The team behind the robot managed to do that by focusing on the individual needs of the retail Forex brokers around the world.
Itic Software
Throughout this guide, we have discussed some of the best available Forex trading robots in the market, all of them offering traders different types of services that are truly very useful and helpful for traders of different levels of expertise.
Another very important company that should be discussed is BJF Trading Group, which is a very popular Forex software development company that has pioneered the market since 2000. The Forex software created by the company was developed for Forex traders to make their job a lot easier in the Forex trading market. There are numerous tools created by the company, which are created for making Forex trading easier for traders.
There are numerous Forex trading robots offered by Itic and all of them can be very useful for traders all around the world. The company offers robots for different types of Forex trading strategies, such as hedging, swing trading, scalping, and many others. Because there are so many different types of Forex trading bots available at Itic, it is one of the companies whose services can be used by traders of all different backgrounds.
There are a wide variety of services available at Itic software, which are used to provide traders with signals about the best possible market conditions for opening and closing positions. The services provided by the company are heavily tested by market professionals, which is another guarantee that these trading robots are safe to use.
Other well-known bots
Although we have already discussed some of the best Forex trading robots in the market, there are many others that should be discussed. The ones that we have discussed above are the leaders in the market, but there are many other Forex trading robots that are new to the market but have already managed to become very popular.
There are numerous ways you can get access to Forex trading robots. The majority of them can be bought online from numerous different developers, but you also have the ability to create one of your own. This is possible through Expert Advisor makers, which you can use to make an EA that perfectly fits your trading needs.
One of the Forex trading robots that we have not discussed yet but that happens to be very popular in the market is the 1000pip Climber System, which is a Forex trading system offering traders an impressive combination of advanced trading algorithms that can make Forex trading a very easy venture for everyone.
While using other Forex robots, you will have to do some type of work on your own, like going through settings, setting different types of options, and so on. With this on, there is no such thing, as all of the complexities are kept internal. However, on the other hand, it is not as easily adjustable and customizable as others in the market.
Another very popular robot in the market is Forex Gump, which is capable of trading nine currency pairs and monitors different types of prices and trends in the market. If you want to trade more currency pairs, you can go with Forex Trendy, which is a very popular expert advisor in the market and does automated analysis of the market which can help you avoid trading during uncertain times in the market. It is capable of analyzing over 34 currency pairs.
One of the best Forex trading robots for beginner Forex traders is FX Pattern Pro, which is a very beginner-friendly pattern indicator. This expert advisor is used to alert traders about the best times to open positions, it sends you regular signals about market conditions and helps you find the best possible market conditions.
This is a perfect choice for those who want to use robots but still maintain control over their positions. Instead of trading for you, it simply gives you information about the general conditions and opportunities in the market.
A huge majority of the expert advisors available in the market are used on MetaTrader 4 and MetaTrader 5 trading platforms. Both of these platforms are very popular in the market and are used by millions of traders around the world.
You can even create a trading expert advisor on your own if you believe that you have enough skills for it. Many people actually prefer doing so for numerous reasons. One of the main reasons why some people prefer creating an expert advisor of their own is that this way, the EA is more suitable for them.
How to use Forex trading robots
By understanding how trading robots in the Forex trading market work, you will be able to use them better. The main reason why so many Forex traders are using Forex trading robots is that they make trading a lot easier. By using Forex robots, traders have the ability to make money without having to devote a lot of time to the Forex trading market. In fact, they don’t even have to do anything manually.
There is very little attention that the trading bots require from Forex traders to function properly. When it comes to analyzing the market, there always is some type of limit about the abilities of humans. You simply can’t analyze several charts at the same time, check for the fundamentals, and make decisions.
On the other hand, Forex trading robots are able to do that in a matter of minutes, sometimes less. The Forex trading robots work in a very simple way. Once you download a Forex robot, you will have the opportunity to set its settings according to your needs. Once you feel comfortable about the settings of the bot, you will be able to let it trade Forex for you.
The trading bot does many things on its own. It goes through different types of charts and looks for the major trends in the market. After identifying the best conditions for opening or closing positions, the trading bot either initiates trading or sends traders a signal about the market conditions. It depends on the robot you are using and the settings that you have chosen.
This way, you are earning profits without having to do any research on your own. It makes Forex trading robots very popular in the market.
Pros & Cons of Forex robots
We have already discussed some of the best Forex trading robots available in the market. As much as they can be helpful for traders, there also are several advantages and disadvantages associated with them.
While Forex trading robots can help you to trade Forex more successfully, it might not be the best idea to use them at all times. Below, we will continue by discussing the biggest advantages and disadvantages of using Forex trading robots.
Profitability of Forex robots
A very common question asked in the Forex trading market is if the Forex trading robots are profitable or not. The simplest answer to this question is yes, Forex trading robots are very profitable. There are many people who are using Forex trading robots every single day to earn profits in the Forex trading market. Depending on the strategy you are using, the profitability of the Forex trading robots can change.
Forex trading robots are most profitable for traders who are looking for a stable income from the Forex trading market. However, if you are someone who wants to become a millionaire using Forex trading robots, it might not be the best idea.
The Forex trading robots are most profitable when it comes to trading strategies like scalping as they are able to analyze the Forex trading market in a matter of seconds, which would be impossible to do for a regular trader.
Saves a lot of time
The single biggest advantage of using Forex trading robots is that they are capable of saving a lot of time. When you are trading Forex on your own, you are very likely that you will be spending hours and hours researching and analyzing the market.
Manual Forex traders have to go out for numerous different types of information. This includes the ongoing events in the market. Analyzing fundamentals can take a very long time, but it is nowhere enough for making correct judgments about the market.
Traders are also required to always double-check market trends using Forex trading charts, which can be quite time-consuming and even exhausting. When it comes to analyzing the market using Forex robots, everything takes much less time.
Forex trading robots are able to use algorithms to determine the best opportunities in the market in a matter of seconds, which makes them very useful for traders.
When to avoid Forex robots
As much as Forex trading robots can be helpful for traders, there are some situations when it is better to avoid using them. For example, when the market becomes too volatile and everything starts to change rapidly, Forex trading robots might have a hard time making snap judgments.
The thing about Forex trading robots is that they are making decisions according to predetermined settings. When something that was not planned happens in the market and causes huge swings, it is better to take over control and make things better on your own.
In addition, there are some people for whom using Forex trading robots is not useful at all. These are the people who want to make millions of dollars in the Forex trading market. In this situation, it would be very hard to think that a Forex trading robot would be helpful.
The best time to use Forex robots is when you want to earn stable profits and have an additional income from the Forex trading market. If you are someone who wants to make a living or a fortune from the market, it might be better to trade on your own.
Final remarks on Forex trading robots
Forex trading robots are programs that are capable of trading currency pairs for traders. There are numerous Forex trading robots available in the market, offering traders different types of services.
While some of the Forex trading robots are created specifically for a certain currency pair, there are others that can trade numerous Forex trading currency pairs. Also, there are some Forex robots that are able to only analyze the market and provide traders with signals, while others can actually open and close positions for you.
Because there are so many Forex trading robots available in the market, traders of all backgrounds and interests should be able to find the best Forex robots without any problem. In fact, you can even create one of your own if you feel like there is nothing that fits your needs.
In our guide to Forex robots, we have discussed some of the best Forex trading robots in the market that you can use right now to make stable and good profits in the Forex trading market. The Forex trading robots mentioned above adhere to the highest standards of safety, making them a perfect choice for Forex traders around the world.
Frequently Asked Questions on Forex trading robots
What are the best Forex robots?
Among the best Forex trading robots in the market are Ultima EA, Zeus EA, Ganon Bot, GPS Bot, and many others. All of these Forex trading robots have a long history of offering traders safe and secure trading services.
Because they are so trustworthy, there are millions of people using them every single day. By using any of these trading bots mentioned above, you can be sure that your funds are kept safe and secure.
All of these Forex trading robots have been tested numerous times which makes them perfect for Forex traders.
Are Forex robots legal?
Of course, it is 100 percent legal to use Forex trading robots. Not only is it legal to use Forex trading robots, but they are also very popular in the market, used by millions of traders around the world. The Forex trading robots are simply pieces of software that are capable of automatically analyzing the market, providing traders with needed information about the market, and trading Forex currency pairs for retail traders. They are available in numerous jurisdictions around the world and there are no restrictions about them.
Can you make profits with Forex robots?
Yes, Forex trading robots can be very profitable. But, it depends on which one you use and how frequently you use it. Also, a lot depends on the amount of profit you want. It is very important to have the correct idea about how much profit you could make with Forex robots. Thinking that you can make millions of dollars with them is simply unrealistic. In general, Forex trading robots are used for making stable income.
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