ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor
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.
In addition to the robot table, I’ve put together a full length video of my top choice. Explaining why it is the Best EA currently, based on verified live trading results and and real social proof. I also give 3 amazing tips that will help you grow your accounts with this robot if you choose to use it.
I’ve been using, developing and testing robots for 15 years, so this is the BEST list you will ever find.
Best Forex Robot Tests 2023
I’m actively testing over 100 robots and expert advisors. I only list the robots that I feel are either viable, or that need to be discussed due to their popularity in the market.
Going on nearly 10 years in business and over 26,000 members, Fury is an EASY choice for the #1 spot.
Not only is this an easy robot to setup, and start working with in under 15 minutes. It’s also the top rated robot by over 90% of the trading robot review sites on the internet.
I’m personally behind the system, and I back it completely. Which is why you will find Myfxbook verified live trading accounts below.
You can click on these images and view some of my live trading accounts using the Forex Fury software.
Yes, the thumbnail is click bait, but if you want to learn more about the power of Forex Fury, I HIGHLY recommend that you watch this entire video.
It will show you everything you need to know about the robot, so that you can decide whether or not it’s the type of trading tool you want to add to your arsenal.
- 93% win rate
- 26,000+ clients
- MT4 & MT5 compatible
15% OFF COUPON: Fury15
While TWP VIP by definition is a signal service. This service comes with a free Copier, which is an expert advisor that copies all of the trades directly to your MT4 or MT5 account.
All trades provided are vetted by 3 real trading analysts with over 20 years combined trading experience.
Going on 3 years, the service boasts over 2,400 ACTIVE clients, and is on a 13 month winning streak!
If you need automated trading, but want to learn and profit at the same time, then I highly recommend TWP VIP, even though it’s not a conventional Forex robot.
To access the trading room, all you need is the free app telegram, and a willingness to WIN!
This quick video will take you inside the TWP VIP trading room, and show you a complete breakdown of one of the trades.
Here are some of the important features of the service:
- 13 winning months in a row
- 3-5 trades every week
- Full breakdowns of every trade
- Free trade copier for all members
- Over 20 years of combined trading experience
Another long time favorite of mine, Forex Flex EA is a powerful trading software. I do not use the robot as actively as I did in the past, but it’s a very effective bot, run by some incredible traders.
They provide a ton of verified Myfxbook accounts, excellent settings packages and have a full forum on their website for members.
There’s very few systems that I ever trust with my live accounts, but Flex is one of them.
While this video is a couple years old, it is still relevant, and I still feel the same way about Flex today.
Here are some of the important features of the service:
- Members area forums
- Pre-packaged settings
- Verified results
- 10+ years in business
- Proven team of traders
Forex Robot FAQs
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.
| Image | Title | Summary | Categories | Date |
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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.
My robot hunt is over.
Thanks for the best Forex robot comparison table. I check this every day now to see which systems are the most consistent and I started trading Fury on my live account just 3 weeks ago.
My first day I had a loss, which really sucked, but it’s been all wins since, so I’m back on the train and feeling GOOD!
Hi, Bob here… February 2019 – Just got the Fury robot. I was wandering if anyone runs multiple pairs on the same account with FURY. Second question would be if any of you are running multiple ROBOTS on the same MetaTrader4 account which I currently have. I run a different Robot for now and am including the Fury, but one of the instructional videos said something along these lines… do not have any other charts open EXCEPT GBP/USD, so I am little confused. Perhaps misunderstood what they advised. My current robot runs with as many pairs as I want on the same platform, however thinking may be a performance issue for the Fury. Please let me know.
To summarize questions:
1. Can the Fury be run on multiple pairs on the same platform?
2. Can I mix up a little bit and run Fury on a few pairs and at the same time run a different robot on other pairs, same platform?
Thank you.
Hi Bob, I prefer 1 pair per account. I just find it works best this way. You can run multiple pairs though to see what you prefer.
Thanks for your comprehensive robot tests.
I am a subscriber of yours for over 4 years now, and I’m having great success with Forex Fury and Forex Steam.
I wonder if you have any other recommendations, so that I can continue to increase my products.
I thank you in advance for your response.
Win, Win, Win!
This is how I feel in 2019 so far with Fury and Steam.
Why I waited so long to sign up, I don’t know anymore.
Just stopped in to say thanks for the great recos!
Hi,
I’ve purchased Forex Steam and I’m starting to using it in my account.
I have one question: does this robot works in a Metatrader VPS? As long as I know, Metatrader VPS’s doesn’t allow for DLL calls. Since there is a DLL which must be installed with the Steam robot I wonder if it will work in the Metatrader VPS.
Regards,
Luis
Hi Luis, I believe Steam requires DLL imports to market adjustments. All effective EA’s should have this capability as we approach 2019. For a more thorough answer, you should email support.
I appreciate that you added a new table to the Best Forex Robot page.
I hope that you will add more systems to it soon.
Forex Fury is working very well for me so far.
Thank you.
Are you using Steam too?
I like Fury and I want to know if I should use both Steam and Fury.
Thanks Sendt.
Hi I’m not new to forex as I’ve looked into it a lot and I know some of the basics and some other stuff, but I don’t have any experience in forex and I’m wanting to use a fully automated or a robot that is mostly automated and that doesn’t require much manual work and that is suitable for beginners.
Can you please suggest one that is suitable for beginners and is fully or mostly automate, as I was going to use the x scalper but I’m not sure after reading your review on it?!
Hi Julian, automated trading is the best way for new traders to enter the markets. My #1 recommendation is Forex Fury, and has been for some time. This is the perfect for beginners.
Hi, I just want to thank you FRN for your service, I am using Forex fury I started off with €25 and 3 days later I had €100 in my live account. The growth rate is spectacular! Top shelf!
I am trading these pairs
GBP USD
Usd jpy
AUD USD
I can safely recommend fury , thank you!
Hi, my fury has not been trading from thanks giving and the day after. Could this be the holiday filter? Because I see a lot of volatility around the time fury should start?
Hi Donovan, this doesn’t sound like an issue. The EA avoided Thanksgiving, and it never trades Fridays. So this is normal behavior, and you can expect trades next week.
Please what is the monthly percentage % on my fury ea?
Really happy with the recommendations provided here, just like the other readers. My time with both Steam and Fury hasn’t been without losses, but over the long run it’s been very fruitful. I recommended the product to my brother, and after 2 weeks he had a couple losses and quit. I was really disappointed, because I was able to show him my results and let him know that this works, but I just think he needs to be in control or something.
What I want to say is that you shouldn’t give up.
If you lose, that’s not the end, that’s just the beginning.
Forex isn’t easy, so if you don’t have the willpower don’t even start. Life is for challenging yourself though, or at least that’s how I see it.
Happy wins all, I’m out!
Great list, running em both with a good success rate.
Thanks for the Best Forex Robot list!
I’m doing quite well with your top recommendations. I hope that you find more soon 🙂
Are you using both Antony?
Can you elaborate on your success?
I’m thinking about signing up this week.
Ya, I use em both Meg.
I started with a demo account, and once I started to win consistently I moved to live trading, and I’ve grown my trading account over 120% in the past 4-5 months.
It’s very beneficial.
Commenting to see if these are real comments. Also the “Live MT4 pages” aren’t showing very promising results BUt I could be looking at them wrong or missing something. Thanks
Hi Ty, I do exist 🙂
Not sure what you mean by Live MT4 pages though, I don’t mention this in any of my comments.
Do you have to buy the both robots or are you good with either one them
Hi Sadiq, you can approach it however you like. They do not rely on each other, they work great on their own.
Hope everyone is well.
Just checking in to say that Fury and Steam are both working well for me so far in 2018.
Wondering if any updates are coming for these systems, have you heard anything admin?
It’s likely they continue to do small market updates. With the high level of winning both systems are currently achieving, I see no reason why they would do a major update.
hi everyone am new in the forex i need somebody to help me pls
If you need help John, you can email me via the contact page.
just wanna ask if the fury works ok with forex.com broker even if the leverage is 1:50 only ?
Hi Jasper, Fury will work just fine with those settings. Many of the readers here at Forex Robot Nation use your same broker.
Thanks for the list admin. I’m using Fury and Steam on my live accounts after a short demo testing period and I’m very happy with my successes so far. I’ve been able to double one of my live accounts using some pretty aggressive settings, which has paid for the cost of both EA’s and much more 🙂
Saw you updated your Best Forex Robot list for 2018!
Thanks Guys
My pleasure Mahmoud!
what is your “Max spreads” settings for each pairs there ? Did you use it at live real accounts ? And what your other settings same defoult only friday switch off ?
Thx for your answers
Hi Lerner, I don’t trade Fridays. As for Max spread, I just make sure that this setting is set above my broker spread. This is very simple to do, just ask your broker what their spread is, or install a free spread indicator on your charts, to show you what the spread is. Yes, I use it on live real accounts.
Hello, which one of pairs you use yourself at the moment at Fury ? And what kind settings of them (point of spreads inside settings each pair?)
Hi Lerner, I’m using GBPUSD, EURUSD and USDJPY on three separate accounts. I like to keep them apart. I don’t have spread data off the top of my head, but they are low spread accounts, which I recommend.
I’m using USDCHF, it’s not trading much but it’s really good!
Hello, I am new here, it’s been long i started looking for how to and where to buy a robot for trading because of the fact that i have lost so much money in the past in Forex. so please tell me, i am new in this organisation just like i said early, i want to ask if i can use this on the demo or the real account just to text my own performance on how do i start to use ur them and finally ow much does it cost. i hope to hear from u soon.
thanks and best regards.
Raphael
Hi Raphael, you can use the systems on both live and demo accounts. For pricing and more information, I recommend following the links on this page to the websites for Fury and Steam.
Fury & Steam, are the perfect combo. I always have trades, and I’m always growing my accounts steadily.
Excellent!
Are you using any strategies with these products Distin?
I’m using default settings with both.
Sometimes if it’s a really busy news day I’ll just turn MT4 off though to be safe.
This is easy for me to do, by just checking the Forex Factory calendar in the morning.
What kind of return are you getting?
Hello, thank you for this amazing eas, can i let furry and steam running on same trading account?
With default settings`
Hi Stefan, yes you can run them on the same account with default settings.
Hi Admin,
I have purchased Fury and the installation video mentioned only 1 pair GBPUSD, it didn’t say it can be used for EURUSD, also there is a chart on FRN for Forex Fury on USDJPY, I’m confused, can you explain please?
Another thing is the time setting : is it best trading for only 1 hour on GMT 23 to 23:59? what if I trade 24 hours with Fury?
Thanks & best regards
Hasan Hajibrahim
Hi Hasan, new pairs are being utilized now as you can see by the trading accounts available on the front page of the Fury website. Specific time trading is very important to the overall strategy of Fury.
Hy Admin,
do you recommend to trade on Friday ?
Thanks
I don’t trade on Fridays.
why ea not use SL ?? And opening 7 orders at same price ??
Hi Lerner, I believe you are talking about Fury, you didn’t specify. Fury uses SL, it’s just hidden from the brokerage. If you prefer only 1 trade opening, you can change maxorders to 1.
Hi,
yes, speak about it. But what a main idea to open 7 same trades orders ? Not one but high volume for example ?
Hi Lemar, it’s only for aesthetic purposes.
hello
please answer my questions:
1- please tel me about your expert strategy.?
2- are you use martingel?
3- drowdown ?
4- minimum deposit?
5- profit monthly?
6- is compatible any broker?
7- my broker is forex time(FXTM). can support?
Hi Mehdi, most of your questions are answered by clicking on the accounts provided above. There is no martingale trading, and you can use any MT4 brokerage of your choosing with as little as $100 on micro. Take a closer look at the Myfxbook accounts and they will show everything else you require.
Fury & Steam are both on a roll right now.
Thanks for recommending them to me.
Best EA’s I’ve ever used.
Just wish I found them earlier
Hello, I know that every day the market behaves in a different way, but what is the monthly profit percentage of Forex Fury, more or less using it in moderate configuration?
I look to gain 25-35% Flavio.
What is the best ea?
Scroll to the top of this page for #1 Dominic.
#1 Fury
#2 Steam
That’s all I’m using right now, and that’s how I rank them.
Thanks for all that you do FRN.
Best EA’s on the market, nuff said.
Hi,
I’m new here. just wondering that Can i used with Pepperstone AUS. Or need to change in to US currency? can i invest just only300$? which one is suit between fury or steam? Thank you
Hi Bo, you can use either EA with your current broker in AUS. My favorite is Fury.
i already bought Fury. Is it trader only 1 hour, from 23.00-23.59? Thank you
This is when it’s best, yes.
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)
hi, admin. I purchase forex steam is not working on my mt4 platform. any sugestion?
thanks
Hi Eduardo, likely just have to set the news filter to false. Email support and they will resolve any issues you may have within a couple of hours.
Best robots I’ve ever used.
Thank you, and please do find more for me!
Fury #1!
Can someone tell me what is the best broker to use in the United States with the Fury and Steam EA’s? I tried FXOpen but they do not except US customers. Thanks
Any low spread broker will work for you Ni Miyah.
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.
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.
After you signup with Fury, you can trade the EA on a demo account with fake money to see how it works, and to gain confidence.
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.
You can run the other pairs without an additional license. More live accounts are to be added soon.
I’m using both of these now.
Great robots!
I am using Alfari MT4, is there any issues using that platform with forex fury or steam?
You can use the EA’s with any MT4 platform. No issues.
Do you need a minimum deposit in your broker account? Or can you for example start with $100? And also I use XM broker, are they good?
Hi Terence, yes you can use XM with $100. Just signup with a micro account.
I’m using both Steam and Fury.
I’m very happy with these decisions.
Thank you Forex Robot Nation for your suggestions.
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.
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 !
Hi Shabby, yes lot size increase is due to the built in money management. This is active by default. Yes, I can certainly help you with Steam.
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!
Both these EA’s are very consistent. I appreciate you putting me in touch with both of them.
No problem Dino.
I wish you continued success.
FURY HAS BEEN PERFECT FOR ME.
50 TRADES. 50 WINS.
ABSOLUTELY BEAUTIFUL.
THANK YOU.
Awesome Darryl.
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.
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
Yes, that’s correct.
Best robot site I’ve ever been on!
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?
Hi Maxime, I recommend the brokers in the members area. Try those and see how you do. Thanks for the kind words!
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!
Hi Erich, yes it’s linked to the broker account in MT4. Yes, it trades with money in the account, it’s fully automated. No minimum deposit is required for you to get started. Everything is available for you in the members area upon registering.
With Forex Steam, what is the purpose of the 4 licences? How will you implement them?
Hi Erich, you can use 3 for testing and 1 live. That’s a common use for this. Others use 4 testing accounts until they go live, and then have 2 or 3 live and 1 testing account, and so on.
Do you run 2 live accounts with 2 different accounts with the same broker then for example?
Hi Erich, I generally run 1 live account per broker.
hi,
I hope have a good start.
Me too Wyn, get some pips!
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.
Your blog has changed my views on Forex robots, thanks for helping us find the best ones.
I’m with Ruth, thanks for what you do Forex Robot Nation.