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Best Forex Robot Tests

My Best Forex Robot and Expert Advisor testing process is thorough. I take a deep dive into the live and demo accounts of MT4/MT5 compatible products and draw conclusions based on statistical analysis. I provide a full comparison table with trading statistics drawn directly from Myfxbook, and FX Blue accounts.

Best Forex Robot Tests 2022

Here you can find my personal EA tests, to help you decide which Forex robot is best for you. I am currently testing hundreds of different expert advisors, and I’m always adding more accounts to my servers. The tests are fair, running default robot settings, on the recommended broker. Some of the tests have ended up in blown accounts, which have been abandoned, but these are still available for your perusal.

Each of the robots undergoing testing is fully automated, which means it will enter and exit trades in your account once it’s installed. There are currently 20 robots in testing, leave a comment below if you want to suggest a new robot.

RankRobotReviewGainMonthly GainDrawdownDepositBalanceDaysChart

Note: The stats are updated hourly. We are adding more robots and EA’s regularly, stay tuned!

Best Performing Robots

  • 100% verified live myfxbook accounts
  • Proven to win on every pair
  • 93% winning percentage
  • Up to 10 trades per day
  • Compatible with all MT4/MT5 brokers
  • Works with all brokers

15% OFF COUPON: Fury15

  • On the market for over 10 years
  • Over 6000 active clients
  • Proven trading results
  • Active support team (fast responses)
  • New trading strategies and updates added regularly
  • MT4/MT5 Compatible with all brokers

10% OFF COUPON: Steam10

#1 Ranked BOT Video (Full Review)

Just like the results table, the best Forex robot & EA video is updated every few months. I base these ratings on the data from the table, as well as on current and future performance projections.

Forex Robot FAQs

What is a Forex robot?

A Forex robot is an automated software built with algorithms and market specific rules that determine trade opportunities. Robots have many settings that allow for clients to set their take profit, stop loss, lot size, trade time and even influence the strategy itself.

How does a Forex robot place a trade?

Robots will place trades in your MT4 or MT5 trading account when it’s connected to your chart and all the settings are set up properly.

How does a Forex expert advisor determine trade strategy?

Most robots or EA’s will utilize indicators and rules that specify when the software will enter trades. Often the simplest strategies outperform the most advanced. The most common indicators used in algorithmic trading are moving averages. Specifically, moving average crosses to determine accurate trade entries.

Do Forex robots really work?

Yes. Forex robots work. That doesn’t mean that all robots are profitable, but if programmed properly they will execute a strategy and place trades in your account. It’s also worth noting that just because a strategy performs well for a certain period of time, doesn’t mean it will always be a winner. The market is always changing.

How much money can I make using a Forex robot?

This really depends on how much you are willing to invest. A really effective robot can make over 10% per month, and if you compound those gains it can add up very quickly. Though, robots that make larger monthly gains are likely risking more to make those gains possible. So make sure to pick robots with lower drawdowns.

What is the best Forex robot?

Forex Fury is currently the best Forex robot in 2022. This is backed by social proof, and verified live trading results. Most robot developers aren’t willing to invest $50,000+ in live trading accounts like Forex Fury does, which says a lot about the project.

What is the worst Forex robot?

Honestly, there are hundreds vying for the worst Forex robot as way too many of these systems hit the market without proper testing. Due to the widespread use, and exorbitant amount of negative complaints, I believe Odin Forex Robot currently holds the title.

Most Important Categories when Picking a Robot

Our analysis of what makes a best Forex EA or robot is based on 7 important categories. Understanding each of these categories is very important when picking out a robot that you can trust with your account.

Gain – we are only interested in systems that are showing a steady gain in overall account size. Accounts don’t have to reach thousands of percentages in order to qualify, as we are content as long as the accounts are consistent.

Monthly Gain – in terms of monthly profit percentages, anything over 3-5% is acceptable. Many robots will naturally start to produce less and less profit over the years. So, it’s important for us to analyze the gain, the monthly gain, and also the recent history. If a robot produced all of it’s best numbers 5 years ago, then we will often advise against it.

Drawdown – the drawdown is incredibly important because it’s the easiest number to use in order to determine the risk level of a robot. For example, if the drawdown is 65%, this means at one point in time the software had -65% in open trades. This doesn’t mean that it resulted in a loss, but it does mean that in the future the software can potentially hold large losses open. The closer this number gets to 100%, the riskier it is. Generally, the best Forex EAs will have a drawdown below 30%, if not even lower.

Account Length – it’s important to know how long a robot is active. Many robots will arrive on the scene with incredible gains in a single month, and then disappear. In the last few months, we’ve been going through all our expert advisor reviews, removing many Myfxbook accounts that crashed. There were over 50 accounts that came out of the gates with a high-risk approach and lost all of their funds within a few months time. So, it’s imperative that vendors provide multiple accounts, showing both long-term and short-term success. If you purchase a robot on just 30 days of evidence, you are taking a risk.

Risk/Reward Ratio – we always analyze the risk/reward ratio of every expert advisor or robot we test. In doing this, we look at the average win, average loss, best trade, and worst trade all in pips. Obviously, depending on the strategy of the robot, these numbers will vary, so a trader’s personal preference comes into play here. We have no issues with large risk reward ratios, as long as the win rate is very high.

Profit Factor – the profit factor is a number that’s been used in testing robots for many years. Basically, it specifies how many times the sum of all the winning trades exceeds the sum of all the losing trades. If this number is high, you are generally looking at a top performing robot.

Average Trade Length – not as important as many of the other categories, but another great indication of how an expert advisor trades. If you prefer short trades, then you will want to see the average trade length below 24 hours. If you prefer long trades, then you can see this number extended to weeks or even months if you appreciate the long game.

There are more categories and specifications we could go on about, but these 7 we selected are very helpful in in understanding what every trader should be looking for in an automated trading software for MT4 or MT5. We have a similar process breaking down how we analyze each of our reviews too, which can be found in our about us section of the website.

Best Forex Robot Review (Most Recent)

We have reviewed thousands of robots over the years. This review table is comprised of all of these reviews, and can be sorted or filtered for your perusal. To start, all of the robots are sorted by date, so you can see what’s new in the market. While we appreciate the advanced technology that new products provide, that doesn’t mean they are always the best. Often, old expert advisor strategies are more profitable, especially if they are updated frequently.

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Robot Testing Conditions

All best Forex robot tests are run on a Forex VPS, the Forex Robot Nation team finds that results are much more consistent, and positive when using a Virtual Private Server. This also allows you to turn your computer off when you trade.

If you have not started using a Virtual Private Server for your trading, go to our review page above, get a coupon and read our easy Forex VPS set up guide to find out how easy it is to start.

Forex Robot Trading can be difficult if you don’t have the right product (best Forex robot).  As a Forex trader, you need to have the right expert advisor, at the right price, and we offer this with our reviews. Currency Trading is an art, if you want the profits and the pips at a low risk then you need the right software. Here at Forex Robot Nation we do everything in our power to make sure you get access to all of the best automated trading systems.

We are always adapting our reviews and processes as we look for the Best Forex Robot and expert advisors based on current market conditions. So, if you are a a Forex trader interested in Forex robot trading then you need to look at some of top systems we have selected.  They are low risk, priced low and are easily accessible, even for new traders.

Conclusion

Do you need more Best Forex Robot information? Feel free to click on and check out our full expert advisor reviews or go to the official websites of each vendor. We are always looking to discuss these Forex Robots and add new systems that are performing well so send us an email and we can help you find the best forex robot.

There is a lot that goes into our testing process. In the beginning stages of Forex robots, we really never had the same level of technology that we do have now, so there’s been a very positive shift. This makes backtesting very difficult because the majority of popular commercial systems are all relying on live trading data. This makes demo testing and live testing extremely important. The only issue with this approach, is that we need to trade a system for quite some time before we have enough of a sample size to rely on.

Our testing process will only grow more and more complex as the years pass by, but this is a good thing. This allows us to look at many different robot strategy elements and find ways to ensure that the community is only dealing with systems that can securely grow their investments.

504 comments

  1. I’m killing it with fury in EURUSD! Very impressed 🙂

    My advice change risk to 2, leave max orders at 7, … Slow and steady, lot size .67. System will factor orders processed in accords with market conditions… smooth sailing so fare. Keep you updated.

    100% Longs
    over 90% (due to not understanding parameters)

  2. hi, admin. I purchase forex steam is not working on my mt4 platform. any sugestion?
    thanks

  3. Best robots I’ve ever used.

    Thank you, and please do find more for me!

  4. Hi admin,
    I am very impressed with the summary of your personal results of Forex Steam bot. It’s the demo account results isn’t it? If this bot, on the live account, is as good as on demo I am going to purchase it. However, I have a few questions. So, could you please, share your live account summary with us. Also, I am interested in real account settings used by you. I suppose, you agree with me that account settings are extremely important. The wrong settings could ruin the best bot isn’t it? And finally, what trading platform could you recommend for this particular bot?
    Thank you in advance.

    • Hi Kostas, good to hear from you. In my experience, Steam is just as profitable on live accounts. They’ve been selling the system and updating it for over 7 years now so it has a lot to offer, especially at it’s current price point. The settings are provided in the members area. I also recommend the members area for the best platform, as every EA will put the information you need to use it, on their website.

  5. Testing anything else admin?

    I’m using both Steam and Fury. They are both winning, so now I’m hoping to add a third.

    • Hi, so you have Forex Fury? I am new to the whole EA world. I am actually aso new to Forex. But I want something simple, I don’t want to do the trading yet because I am in the learning process.

    • Hi fellow traders, I’m looking to get both Forex Fury and Forex Steam like a few of you have done.
      I wish Forex Fury showed more than 1 Live account on myfxbook as the other 4 albeit impressive
      are only demo accounts? From what I understand you can’t put a lot of credence into demo account results.
      Also do you have to pay for another license to trade the other pairs like E/U, U/J or can they just be added?
      Thanks and best wishes to all.

  6. I’m using both of these now.

    Great robots!

  7. I am using Alfari MT4, is there any issues using that platform with forex fury or steam?

  8. I’m using both Steam and Fury.

    I’m very happy with these decisions.

    Thank you Forex Robot Nation for your suggestions.

  9. Hello Admin,

    First i want to thank my friend Lincoln for checking out this website, very informative about EA’s

    I am very impressed with Forex Steam Mt4 Live statement on this webpage, would like to know after opening a Live ECN account with Fxopen with same investment of 1000 $ and with default settings of Forex Steam, will it be able to make similar trades as yours?

    I ask you this question because i see two liveMt4 accounts, one is of Forexsteam and another is FRN, both are having exact same trades and i would feel great if the same trades happens into my account too!

    Awaiting reply and lot of thanks in advance !

    • Hi Kubera, yes both of these are running the light version of Forex Steam. The differences in trades are generally broker based, so these two accounts run the same broker. You will also have access to the recommended brokers in the members area so that your results are similar.

  10. Hi Admin,

    Really Great work !

    I went through your personal results using Foresteam and i see that the lot size keeps increasing on each profit made, is this the default setting of Forexsteam ? Or we have to enable such setting ?

    After purchasing this EA can you please guide me with the same settings which was used by you for your personal results ?

    May the divine bless !

  11. These are the Best Forex Robots I’ve ever used.

    Keep up all the good work here at FRN.

    I really enjoy reading all your reviews.

    You know what you’re talking about!

  12. Both these EA’s are very consistent. I appreciate you putting me in touch with both of them.

  13. FURY HAS BEEN PERFECT FOR ME.

    50 TRADES. 50 WINS.

    ABSOLUTELY BEAUTIFUL.

    THANK YOU.

    • Hi Darryl, good to hear that you are making impressure wins with FX Fury.

      Is this a live account?

      I’m planning on getting this EA too as such I’d be grateful if you could kindly share the results of your account statement with me.

      Kindly let me know if this is okay with you so that I send you my email address.

  14. dear
    my broker +3
    is it mean that will be November first to April first 23 (5 months) >>> 00:00-00:59
    and (other 7 months) from April second to October 31 >>> 23:00-23:59
    is it correct

  15. Best robot site I’ve ever been on!

  16. Hello to you the team I wanted to thank you for your site thanks to you I bought my first EA I chose the one of the second place Forex steam then if it is concluded I buy the number 1 🙂 I want to know which Are the 4 best brokers for this EA according to you?

  17. Hi! I saw your review and Forex Fury and was really happy with the results you achieved and the other users comments as well!
    Being new to the forex robots, I want to confirm and ask a few things.
    Is the software linked to your account with a broker like MT4 or cTrader?
    Will it trade with the money in your account, if not please explain how it works and if there is a minimum deposit amount?

    Looking forward to your reply!

  18. hi,
    I hope have a good start.

  19. I’ve just started using these robots and I’m very happy at the first 2 weeks. Thanks for sharing these systems and helping me achieve my goal, which is to earn more money through passive means.

  20. Your blog has changed my views on Forex robots, thanks for helping us find the best ones.

  21. Hi, I want to congratulate you for your honesty and your great work doing due diligences with Robots, most EAs web sites are sellers only and they don’t care if they recommend garbage as long as they make a sell. I am an experienced manual trader, but this is my first time experimenting with auto trading, I bought your 2 recommendations and I have applied some common sense and so far very good. When are you going to recommend another EA?
    Regards

    • Hi Beto, thank you very much for those kind words! I’m currently testing a handful of systems, one is well ahead of the others, but I don’t know when it will be released to the public.

  22. Signed up for Fury and Steam last monday.

    Went live with both after a few days and I’ve already made back my purchase price.

    I’ll be buying more licenses soon, that’s for sure.

  23. sandro rondello

    Hi friend, I would like to receive the robot you recommend to buy. Forex Fury.
    You indicate any more.
    appreciate your attention

    Sandro

  24. Hi Admin
    Which broker is the best to use Forex Fury EA?

  25. I bought the Forex Fury but according to their setting it trades only for an hour from 4pm EST. I am puzzled as to how it can make 5-10 trades a day as they mention?
    Can the settings be changed to say UK trading hours? Has anyone tried this time frame and if so was it successful?
    Thank you

    • Fury has been around for a long time Mohamed, and the strategy has always been successful. Try not to be puzzled. Just ask your broker what their GMT offset is, then follow the FAQ. Takes less than 5 minutes to set the system up, and have it earning pips for months.

  26. Hello, Admin
    I have Steam and Fury working together, one on EURUSD and the other on GBPUSD in Live account (FXChoice) with great results. First month with 51 winners and 1 loose.
    Just have a doubt.
    Do you recommend leave the EAs working after extraordinary events such as the military attack on Syria?

  27. I see you started adding a full list of services.

    Very nice!

  28. Has anyone changed the default values in ForexSteam … and successful?

  29. hello,

    I am quite interested to start in this Forex world.. I have zero experience.. where can I get a full and detailed tutorial of how to install and set the server and Forex Fury software?

    thanks

  30. HI just bought Forex steam will like to know after installing it how long those it take for it to start trading. and how will i know if i have installed it correctly.It shows that is active, ohh and i’m using Traders Way as my broker ….

  31. Hi Admin.. Which broker does the steam robot work with the best?

  32. Hi admin. I just started forex trading last January and I am looking for ways which I can copy or automate my trading to gain better results. What can you recommend me to do as a beginner?

    Thank you.

    Ivan

  33. I purchased steam last week and run on demo for 48 hours through my ECN broker with money managment turned of and $10 per pip.(1lot)
    results so far are 4 trades and 4 wins of 10 pips ie $400 very impressive.

    Transfer to vpn and live acc soon. I will post results weekly.
    so far so good

  34. what are the chances of being hit with a margin call when using a forex trading robot?

  35. Hi admin

    I have purchased forex steam EA, and Iam using activetrades broker, do you recommend it?
    activetrades account that I have is not an ECN, so shall I keep the ECN tab FALSE in the setting, or leave it as TRUE ?
    and do you recommed the light version or the normal one please?

    Thanks for your help .

  36. hi

    at the moment i’m trading at admiralmarkets, is ForexSteam compatible to that broker with MT4?

    and can anybody recommend a forex bot to me and maybe with their own history?

    best regards

  37. Started to trade using Forex Steam V9… Love it.. 6 winning trade with in 24 hour. keep up the good work. go go Forex Steam…

  38. Why do you recommend Forex Fury over Forex Steam? I’m trying to decide which would be better for me to purchase.

  39. Hello admin, can I use the FOREXFURY EA on HOTFOREX broker?

  40. Would like to start a $5,000 live account with my forex fury. I would like to know what leverage is right and proper 1:100 or 1:200

    Please advice.

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