Forex trading robots are software or tools that help forex traders in trading. They generate trading signals to guide forex traders on whether to buy or sell a particular currency pair at a particular time. Moreover, forex trading robots are fully automated and integrate with forex trading platforms such as MetaTrader 4. The biggest advantage of such systems is to remove the emotions involved in manual trading. On the other hand, it is important to note that forex trading robots are also limited in their capabilities. Therefore, it isn’t the right approach to consider them foolproof despite the claims of their developers.
Forex trading robots have quickly become popular among beginners as well as experienced Forex traders. However, it is very difficult to choose an efficient and reliable forex trading robot from hundreds of such software available in the market.
If you are looking for one of the best forex trading robots and aren’t able to pick one for yourself, then there is no need to worry. In our today’s post, we are going to review the 9 best forex trading robots for you. We are sure that it will help you in your quest.
Note: Our guide is just for conveying valuable information to you. It isn’t advice to invest in these robots. Every reader should do his/her own research before using them.
9 best forest trading robots – reviews & comparison
- 1000pip Climber System
- GPS Forex Robot
- EA Pros
- Wallstreet Forex Robot
- Forex Trendy
- Auto ARB
1. 1000pip Climber System
1000pip Climber System easily tops the list of the best forex trading robots. It offers numerous quality features that forex traders seek for easy and seamless forex trading. The state-of-the-art algorithm of the 1000pip Climber System makes forex trading as easy as possible. Because it constantly keeps an eye on the forex market and looks for opportunities for you. Consequently, once identified, the software notifies you in three different ways. Thus, you get notifications visually, audibly, and via email.
Moreover, the 1000pip Climber System is extremely easy to set up, follow, and get results. It also doesn’t matter you are a beginner or an experienced forex trader, it works for you. Additionally, the software also supports different timeframes. Therefore, it also doesn’t matter you are looking for short or long-term outlooks. In short, if you want a forex trading robot with a rigorously tested algorithm, the 1000pip Climber System is among the very best.
- The robot is fully mechanical and involves no guesswork. That means the software offers precise, consistently strong, and easy-to-follow signals.
- Additionally, the software generates highly accurate signals that yield the best results. In fact, the 1000pip Climber System has achieved almost 20,000 pips with negligible drawdown.
- 1000pip Climber System also produces signals on the 15 minute, 1 hour, and 4-hour timeframes. Thus, the tool is a perfect one for traders looking for short and long-term outlooks.
- The robot also conducts technical analysis on your behalf. That means it also gives you values regarding entry, stop-loss, and take profit.
- It is also important to note that you can use the 1000pip Climber System on 6 major currency pairs. Thus, you can find out potentially high probability price fluctuations on any 6 currency pairs.
- Finally, the 1000pip Climber System also comes with a promise of exceptional customer support. The support will be with you all the way and will happily answer any query.
- Consistently identifies profitable opportunities
- Excellent features
- Produces signals on four timeframes
- Exceptional customer support
- Economical price
- Suits only 6 currency pairs
It is also staggering to know that the lifetime license for 1000pip Climber System will cost you only $97.
Learn2Trade is also among the very best forex trading robots. The Learn2Trade platform is also among the most trusted platforms for forex, stocks, and cryptocurrency signals. Moreover, more than 25,000 forex traders trust Learn2Trade forex signals. That means the platform is best at providing highly accurate signals. Thanks to the cutting-edge automated technology, the Learn2Trade forex trading robot conducts advanced technical analysis on currency pairs. Once the robot identifies an opportunity for you, it notifies you.
Moreover, Learn2Trade offers you not only the best forex trading signals but also the best pricing plans. First of all, the platform offers free service to customers that are yet to subscribe. Secondly, it also offers five different subscription plans. Thus you can choose from those plans according to your own preferences and convenience. Additionally, a 30-day money-back guarantee is also available on the subscription plans. In short, Learn2Trade offers one of the best forex trading robots that can lead you to forex trading success sooner.
- Learn2Trade provides highly accurate forex trading signals. Thus you can transform your forex trading with specific forex trading and have an edge over the market.
- The platform capitalizes on the experience of veteran forex traders. Each trader on the platform has more than 15 years of experience. Such experienced traders analyze the market and find profitable opportunities.
- The platform also offers desktop and mobile applications named Telegram Group. You can easily download, set up, and use the application. You can use the application on any smartphone for free and get a fair number of trading signals daily.
- The mobile application also offers forex trading even on the go. Thus, you can never miss any profitable opportunity in the forex market.
- Learn2Trade offers five plans. All plans include features like 2-3 forex trading signals, 76% success rate, entry, take profit, and stop-loss, risk/reward ratio, and amount to risk per trade.
- Based on advanced technologies
- Backed by highly experienced traders
- Generates highly accurate signals
- Significantly enhances profitability
- Different subscription plans
- Money-back guarantee
- Slightly expensive lifetime subscription
Learn2Trade offers the following five different plans to choose from;
- £35 – Billed monthly
- £65 – Billed quarterly
- £95 – Billed bi-annually
- £250 – Lifetime subscription
- £50 – Separate Swing Trading Group
3. Forex Fury
Forex Fury is another group that is committed to providing one of the best forex trading robots to forex brokers. The Forex Fury robot is the result of the Forex Fury team’s hard work and dedication. After years of experience, the group has developed a forex trading robot that makes forex trading simple and significantly profitable. That’s not all because the group is committed to making the robot even better.
Forex Fury is undoubtedly one of the most effective and efficient forex trading robots on the market. A third party (Myfxbook) verifies accounts track records and trading privileges. That means the robot is among the best in the business. Forex Fury forex trading robot offers numerous features.
- The package comes with a full installation guide and walk-through videos to help traders easily install and use the software.
- Forex Fury robot is compatible with MetaTrader 4 and MetaTrader 5. Thus, you can work with any brokerage service provider offering an MT4 or MT5 trading platform.
- The robot also suits traders of all types including high-risk-takers. Because the robot follows low, medium, and high-risk strategies.
- The robot provides real-time automated and trustable results because the robot is also known for a 93% winning track record.
- The robot is capable of empowering you to trade on any forex pair, indices, or cryptocurrency.
- If you want to avoid bad market conditions, multiple filters to stay away from adverse market conditions.
- Forex Fury offers quality customer support services as well. You will get an instant but thoughtful response from the team upon any inquiry.
- Compatible with both MT4 and MT5
- Use any broker of your choice
- Follows low, medium, and high-risk strategies
- Suits all forex pairs
- 93% winning track record
- Great features and easy installation
- Slightly expensive
Forex Fury offers the following two-lifetime membership plans;
- Gold – $229.99 with 1 live account license
- Diamond – $439.99 with 2 live account licenses
4. GPS Forex Robot
GPS Forex Robot is also among the very best forex trading robots. Mark Larsen is behind the development of this bulletproof forex trading robot. He is a successful forex trader and also a mentor with more than 16 years of experience. Mark is an expert and therefore, he knows how the forex market operates. GPS Forex Robot is based on Mark’s forex trading strategies. In fact, GPS Forex Robot is a complete trading system, that worked perfectly for Mark, turned into a robot. The robot predicts short-term price fluctuations with a very high probability. Thus, empowers you to gain significantly from forex markets without sitting before your PC for hours.
GPS Forex Robot is a robust and reliable robot. The backing of an experienced forex trader, positive reviews, and compelling features testify to the brilliance of this robot. Furthermore, the best thing is to verify the staggering results before spending your money on the robot. Thus, you can analyze the performance of the robot by viewing live trades. Moreover, a 60-day money-back guarantee also serves as icing on the cake. So, GPS Forex Robot puts you in a win-win situation in every aspect possible.
- GPS Forex Robot is super-fast and super-efficient because of complex optimization. In fact, it works four times faster than any other robot.
- The robot also finds the most optimized settings to the latest market situation and uses them in real-time trading. This additional functionality makes trading more easy and efficient.
- This robot also comes with another additional functionality that uses a trailing Take Profit if required.
- Additionally, GPS Forex Robot is a highly customizable robot that allows you to change all primary parameters. Thus, you can customize it to make it suitable for your own trading strategy.
- GPS Forex Robot is extremely safe and profitable. In addition to its features, it is also very to install and use.
- Developed by an experienced and successful forex trader
- Based on a complete trading system
- Useful and efficient features
- Verify results before spending money
- Money-back guarantee
- Requires a lot of care regarding settings
GPS Forex Robot is available for you with a one-time fee of just $149.
5. EA Pros
EA Pros is a free but one of the best forex trading robots. It works on both MetaTrader 4 and MetaTrader 5. EA Pros comes with a unique algorithm that helps you eliminate your emotions from forex trading. Because it works on the basis of data, statistics, and trends. That means the influence of emotions and trades based on hunches are excluded from the scenario. Additionally, if you want to check EA Pros’ results before opting for it, you can also check from tester MT4. However, EA Pros requires a minimum deposit of $1,000.
- EA Pros totally relies on the most current market data and market trends. This feature makes it one of the most precise, accurate, and reliable forex trading robots.
- The robot suits different currency pairs. However, the best pairs for the robot include EUR/USD, GBP/USD, USD/CAD, USD/CHF, and EUR/CAD.
- EA Pros also provides you with multiple winning opportunities. Thus, you can maximize your gains using Take Profit and Stop-loss feature.
- Additional features of the EA Pros include Trailing Stop, Equity % Risk, leverage 1:500, and much more.
- The backing by an experienced team with years of experience also contributes to making EA Pros one of the best forex trading robots.
- Additionally, if you are also looking for good customer support services, EA Pros also provides it for your 100% satisfaction.
EA Pros is available for free if you open a standard account at one of the partner brokers of the company.
- Backed by an experienced team
- Exceptional customer support
- Best for 5 popular currency pairs
- Exceptional features
- Fully automated robot
- Requires an account on a partner broker’s platform
6. Wallstreet Forex Robot
Wallstreet Forex Robot is another big name in the list of the best forex trading robots. This robot is based on profitable trading strategies. Additionally, Wallstreet Forex Robot comes with Money Management Algorithm and Order Management Systems. These features are excellent at protecting your account. They minimize rapid drawdowns and empower you to exit trades on profit or with minimal losses. Moreover, all algorithms have stood numerous tests, reviews, and re-tests. Thus, Wallstreet Forex Robot is a result of continuous testing. It is also refined constantly to make it one of the most powerful forex trading robots.
Furthermore, the latest Wallstreet Forex Robot 3 automatically adapts to the latest market conditions. Therefore, it keeps itself updated and makes your trading strategy adapt to current market conditions. In addition to it, the cutting-edge software also adjusts the parameters of the system in real-time. In short, Wallstreet Forex Robot is a strenuously tested robot and perfectly works in every imaginable market scenario.
- Wallstreet Forex Robot 3, the latest version, comes with additional key trading tools to boost your forex trading performance.
- The Market Bias Algorithm of the robot uses money flow information available to insiders previously. Thus, you can make trading decisions in the direction the Smart Money institutions look for.
- The Broker Spy Module empowers you to keep one eye on your broker. So, you can protect yourself from the unethical activities of your broker.
- A real-time Update System is another top-notch invention. It allows you instantly implement new settings without restarting the robot. Additionally, you can also automatically download and install the latest settings from the company’s server.
- You can reach the professional level in considerably no time using improved exit trading logic and increased trading frequency.
- Wallstreet Forex Robot 3 also enables you substantially enhance your profitability using features like reduced drawdown, pending Stops and Limit Orders, and much more.
- Highly tested, re-tested, and improved robot
- Improved profit protection system
- Highly reduced drawdowns
- Additional tools like the Market Bias Algorithm
- Money-back guarantee
- Easy to download and install
- Significantly expensive
Wallstreet Forex Robot offers three plans to choose from.
- Basic – $397
- Premium – $897
- Ultimate – $1297
Note: If you want to avail 70% Christmas Sale, you will have to hurry.
Centobot is actually a collective term to cover a suite of crypto trading bots. It is an automated trading system that utilizes cutting-edge technologies to generate signals quite efficiently. You gave a choice to make here as there are numerous bots to pick from. Moreover, if you want to create your own bot, Centobot covers you. However, it is important to note that Centobot supports only four brokers. All of the listed brokers require a minimum deposit of $250.
- Centobot offers 5 different automated bots to choose from. All bots are efficient and effective in terms of generating signals.
- Cryptobot v2.0 is for trading on the most popular and traded cryptocurrencies. It uses technical indicators like MACD and RSI to generate signals.
- Bitcoin Algo v2.1 is another powerful bot. It is best for most significant cryptocurrencies like Bitcoin. It makes decisions on the basis of detailed technical analysis as well as considers the trading history of each currency pair.
- Ethereum Rise v1.1 is for trading Ethereum. It uses indicators like CCU and Stochastic to conduct technical analysis.
- Crypto Majors v1.1 is also for trading on the most popular and traded cryptocurrencies. It also uses technical indicators like MACD and RSI to generate signals.
- Altcoins Combo is the best for auto trading the most popular altcoins.
- In addition to these bots, you can also create your own robot based on cryptocurrencies and technical indicators of your choice.
- Finally, it is also very easy to start trading using Centobot. There are only three steps involved in the process.
- Multiple robots to choose from
- Use powerful technical indicators
- Opportunity to create your bot
- Free of cost
- Supports only 4 brokers
8. Forex Trendy
Forex Trendy is another great and easy-to-use forex trading bot that simplifies your forex trading. The tool is a simple bot but a powerful one that substantially reduces unnecessary losses while maximizing the odds of success. Most importantly, Forex Trendy scans all currency pairs. Moreover, it also scans currency pairs on all timeframes to pick the best trading opportunities with maximum profit potential.
Forex Trendy uses a sophisticated algorithm to provide forex traders with the best trading signals. It constantly searches for the better trendline or patterns. Additionally, Forex Trendy includes chart pattern recognition technology to come up with even more precise signals. Moreover, the robot is available at a very low price you pay quarterly. Thus, you can take advantage of this remarkable tool without breaking your bank to avail it.
- Forex Trendy constantly observes price action and determines trends. Thus, it enables you to trade on the most trendy pair during uncertain market conditions.
- The robot quickly scans all currency pairs on different timeframes. It also analyzes all charts for you. That means you can find the most trendy pair as well as the timeframe at any time.
- It doesn’t require any specific trading platform. So, you can keep using any platform of your choice.
- You also get access to live charts of all emerging patterns as well as the history of the past patterns.
- Forex Trendy also scans for patterns with the most touching points to find out a better trendline or pattern.
- The robot also generates audible and email alerts for the new completed patterns.
- A powerful robot
- Signals based on pure price action
- Chart pattern recognition features
- Covers all currency pairs
- Doesn’t require any specific platform or broker
- Highly economical
- Comparatively new in the market
- Doesn’t use technical indicators
You can register with Forex Trendy by paying just $37 per quarter.
9. Auto ARB
Auto ARB is a versatile robot that can trade forex, CFDs, cryptocurrencies, and almost all other financial instruments. It is also compatible with almost all trading platforms including MetaTrader 4, MetaTrader 5, and Binary Options. The most distinguishing feature of Auto ARB is stealth technology. That means it indicates trades in the account as manual ones. Additionally, Auto ARB comes with numerous remarkable features.
- Auto ARB uses very basic forex trading strategies in larger volumes and guarantees profit on a constant basis.
- Auto ARB is fully automated and that is why makes forex trading as easy as you like.
- The robot also offers a user-friendly and easy-to-use interface. Thus, it is one of the best forex trading robots for both beginners and experienced forex traders.
- Fully automated robot
- Makes forex trading effortless
- Works on all trading platforms
- Suitable for all forex pairs
- 30-day money-back guarantee
- Slightly expensive
- Some brokers may disallow it
Auto ARB offers 2 plans.
- 3 months payment plan – $347
- One time payment – $799
The best forex trading robots – frequently asked questions (FAQs)
1. What are the benefits of using a forex trading robot?
Forex trading robots are extremely useful software that is fully automated. A powerful and reliable robot enables forex traders to make significant gains in the forex market. Moreover, automated forex trading fully eliminates the involvement of emotions. A forex trading robot also automates forex trading and allows traders to have some time off and stay away from computer screens. Other key advantages of forex trading robots include:
- Keep trading for 24/7 and thus help you grow your account
- Work very fast and efficiently
- Implement sophisticated trading strategies to help you gain more profits
- Backtesting is also faster and easier with robots
- Help novices make a profit while learning how to trade manually
2. What are the disadvantages of using a forex trading robot?
Forex trading robots also have their limitations. Therefore, it is always a wrong practice to consider them foolproof. The main disadvantages are;
- Require a very high-speed and stable internet connection
- Also, require a good computer with reasonable features
- Cannot replace the thinking and imaginative capabilities of human beings
- Aren’t good at reading and interpreting fundamental data
3. How much do forex trading robots cost?
The cost of forex trading robots varies significantly. A good, powerful, and reliable forex trading robot costs you between $150 to $1,000. However, cheaper options are also available. But it is important to note that cheaper options may lead you to catastrophe. If a robot costs you substantially less, then it is always better to do your research and backtest to see the accuracy and reliability of the robot.
4. Is using forex trading robots a good idea?
It depends on your own choice. If you think that the benefits of using a forex trading robot outweigh the disadvantages, you can go for it. And if you don’t think so, it’s better to trade manually.
5. Do all forex brokers allow a forex trading robot?
No, all forex brokers do not allow the use of a forex trading robot. There are some brokers that do not allow the use of a robot. On the other hand, there are some brokers that only allow certain bots.