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 2024
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.
A huge list of forex robot. That is a good source for traders. keep up the good work.
Thanks Mike!
Hi team
Be good to see how POW Banker EA and Golden Owl perform.
Thanks!
I’ll see if I can look into these for you Dan.
I bought the Ganon robot but it disappeared can I get it back
Contact the company you bought the robot from..
Greetings,
May I suggest a comparison that includes Learn2Trade, Pionex, and EA Pros? I enjoyed your review and would love to get your feedback on how these would compare.
Hi Ernest, Learn 2 Trade are signal providers, not robots. Pionex are crypto bots that you have to manage yourself. EA Pros I’ve never heard of, they seem like a really small out fit with no verified Myfxbook accounts. I don’t use or even test bots without verified Myfxbook proof.
Hi,
how often is the list updated? I see that some EAs, even among the top spots on the list, have not been updated in months.
Hi Luca, the list is monitored daily, new systems added as new tests come in. All results are completely up to date. Can you elaborate?
Thank you for you reply, to elaborate: I see that some EAs stats (gain, monthly gain, balance, days, etc.) are stuck, like Forex Steam or Hamster scalping EA.
Steam is using a different platform so I likely have to look into that. It’s possible that Hamster account isn’t active any longer but the result is still important whether active or not.
Hello, thanks for the list and do you know about wrenfx? They say can give high monthly gain. Can you check it and give your opinion on this one? Thanks
Thank you for your compelling Best Forex Robot tests.
I am considering all my options and will come back to leave robot reviews with my experiences.
I will add 4-5 robots to a VPS, leave them for 3-4 months and then let you know how they do.
Hopefully, my performance is similar to yours!
Thanks
I look forward to seeing these tests!
How do you install the robot on my laptop
As soon as you purchase any of these robots you will be able to follow the easy step by step installation guide in the members area.
Hi dear can I use the forex furry on an ftmo account with a mt4 please??
Hi Sandia, yes this is possible.
Hi I got demo mt4 I want to know how’s robot work my demo than after start to trade real account now I want to down load to my pc
You can use robots on demo then move them to live at anytime.
Hii Patrick i want to buy your product I am sixth to know Will your product work in the broker octafx
These bots work on all MT4/MT5 brokers.
Wht is the password of this robot
There is no password Ndumiso.
I’d Fury easy for a beginner to set up or are there lots of settings to select
Hi Jay, it’s easy for a beginner, but there are many settings so you can increase your knowledge over time and tweak for better performance.
Hi Ryan, I am the beginner, so I need a robot help can you help me how to star it?
HI Lanny, I recommend watching some of my videos on this page.
Once you choose a robot, you purchase it, then all the guides and steps you need to take are in the members area of the robot.
Hi, is there a free indicator that’s accurate that we can download on mt4?
Hi Anthony, this page is for bots, not indicators. Check the indicator page.
I want the free indicator
I am ready to start
Great, let me know if you need any help.
Hello, I need a Robot. Kindly advice which one I can try.
How can I download the system I can’t find it and it’s really good { the info }
Which bot are you looking for Theodore? There are many discussed in this list.
Which robot is capable of running trades in account deposited 100usd?
Hi Alan, Fury can do this, just need to set maxorders to 1 and set a very small lot size.
What do you mean by maxorders to 1?
Oh you mean 1 position per trade?
Hi Patrick, which robot will let you do deposits of 100usd
Hi sir I have a question? I want to user a robot but I only have a mobile phone. I don’t have a pc or laptop. Will I able??
Hi Setson, no, robots cannot be used on a mobile phone. If you only have a phone, I recommend sticking to signals.
Hey.
So I’m looking for a robot that uses Bollinger bands and RSI specifically. Can you help me get that?
Hi Zeke, that’s a very specific request and while I might be using a bot like that, most vendors won’t give you those specifics. You may have to build that bot or pay someone to build that bot for you.
hello can you build a bot out of an Indicator
for me..
Email me about it and I’ll determine if I’m interested 😉
What do i need equipment ( laptop/ pc) before i buy a software? What steps do i do? Can you explain? Thanks
Hi Kevin, to use a robot you need a computer that can run MT4/MT5. This is a very small program so it doesn’t require a very fast or new computer to do so. After that step, you simply follow the instructions provided in the robot members area.
Great list, been gaining steadily with FURY for years.
Thanks Dame, always adding more and looking for new robots to share!
Thanks for sharing your tests Patrick.
I signed up with Fury a few months ago, and I’m gaining 15% per month.
Love the videos too, keep it up!
How can i download the FURY, and can i use the free version for trading? I am a new comer please.
There is no free version of Forex Fury, you can get the software on http://www.forexfury.com, if you want to learn with a free robot, go here https://forexrobotnation.com/your-first-free-forex-robot/
Hi Patrick, I wondering if you could test FX Trading Auto Trading Bot. They said their product is trusted and reliable. So far what I know after talked with them, you need to have FBS account and use cent acc with recommded $250 in account. The software will not be given but they will assist to setup the bot for us. They also happily to do a remote session and show the demo tbot trading in front of you. I don’t know if this is legit or not and hopefully you may be able to review it.
Hi Iskander, it’s a flashy website, but no information or results are provided by this vendor. I will not recommend them, nor will I consider them until they provide actual detail about their service. They are likely just starting out, as my research is coming up empty, so wait until they gain some sort of following.
i was wondering if you could test a robot for me Its called Nasdaq Ghost Robot i don’t Know how reliable it is
Hi Tinotenda, there’s almost nothing on this robot anywhere. There’s no website, just a few odd videos. I see no reason to look into this any further.
Whats the current best EA for Gold ??
Hi Shah, I’m not really trading gold. I’ll see if it’s something I can test for you.
does it work when computer is offline?
Hi DVS, robots do not run when your computer is off. To run a robot 24/5 if you don’t want to use your PC, you can always use a VPS. I have both, but I don’t see any reason to turn off a PC in 2021, they are built to stay on.
Hi Mr Patrick. I read your testimonial about FOREX trading Robot. Please is this real ?
Not sure what you mean Maurice. Can you elaborate?
Sir i need paid ea and i have 10k usd and no have iydiya pl help me your ea
You can go based on our rankings Vijay, or you can tell me the type of EA you are looking for and I can give recommendations.
Hey what can you say about NASDAQ GHOST ROBOT?
Never even heard of it, I’ll see what I can find out.
Hey Patrick, do you have any recommended US brokers for forex that support MT4/MT5? I found that many large brokers for MT4/MT5 platform are from Australia. Thank you!
Hi Misaka, check the best Forex broker page located here https://forexrobotnation.com/best-forex-brokers/
Thanks for all the good work Patrick. You had potentially saved millions of dollars for us gullible noobie.
Pat, do you invest for your customers or do u have any recommendations?
Hi Ryan, I don’t do Forex managed accounts, but I share my trades / investments when possible. Most of this information is provided first to my free telegram channel here https://t.me/forexrobotnation
We also want free robots please..i actually want a Good robot, I keep on blowing accounts, how can I buy one
Hi Neo, simply go to the website of the robot you want to purchase.
Hi I’m new on this trading I like to use these EA robot how can I access it I’m still on demo account I just want to test it .
Hey Patrick do you trade for people then take your commission out the money? I’m asking this question coz there’s a guy which i cannot mansion his name he approached me and saying he can trade for me for 7 days then take commission out of what he make.
Hi Bheki, no, I don’t do managed accounts. I do not recommend that you put your money in with “a guy,” it sounds shady.
How many trade should the EA take at a time , and how many for a day. You can also put me through. Thank
Hi Guys. Can odin robot work in android smartphone Nokia 1plus ?
Hi Charles, in order to use a robot, you need a computer or VPS. Phones are not compatible with automated trading systems.
Can the robot works on Android phone,or must I have to get a laptop?
Hi Abudu, robots require a computer or virtual private server. I’m sure in the future android will be compatible, but who knows when that will be.
🌞Good Morning, Patrick. I am a total beginner. What robot do you suggest for me or should I take a short course in trading forex before purchasing any software?
You can start with a robot, I recommend my #1 Forex Fury.
More robots being added shortly, including the latest live trading results with Forex Fury V4.
Hello,
I’m totally a beginner. I want to ask is it possible to download a free robot to trade my real account or I have to buy it? And how much is it for a EA like Fury? Thank you.
Hi Lucy, I don’t recommend trading live with Free Forex robots, as they aren’t reliable, updated often enough, nor do they have support teams to assist. The current price for any robot, including Fury can always be found on the product website.
How can i download the software. Cant findwhereto dowloadit…
Which software are you looking for? My free robot? It’s available here https://forexrobotnation.com/your-first-free-forex-robot/, but this is meant more for learning than anything else. For live trading, it’s best to stick with commercial trading robots that have a large team of developers working on them regularly like the top rated on this page.
I need the robot and can I purchase it
Hi, last time I check on the website, if I’m not mistaken there is a comparison detail from monthly % gain, first launch, etc.
Can you show the details like before? It helps a lot
Thanks
Hi Ricky, we are upgrading the best Forex robot table, and it will be back within a couple of days looking better than ever.
The update is complete! Enjoy my new Forex robot testing table and let me know if there’s anything you’d like to see added.
Allo
Im very new here . Want to know what its about and how does it work?
My Name is Tiburce.
Do tou have French speaking assistant?
Hi Tiburce, I’m sorry, we don’t have any French speaking analysts here but the best robots all come with step by step videos, and the audio isn’t necessary to follow along. You won’t have any issues.
I’ve downloaded the Free robot, Fury, and Steam all without any issues.
I am now running them all on three separate accounts and seeing nice gains from each of them.
Naturally, both Fury and Steam are performing the best, but the free robot was a nice introduction to the market.
Thanks for letting me know Denil.
Please can you recommend profitable EA and tested without losing my hard earned money.
I recommend the #1 in my tests here, Forex Fury.
Hi Denil, how’s your journey with these robots going?
Im also struggling guys i need ur help i want to download the robot but i cant
Struggling with what Terrence, which robot? Can you please explain in more detail so I can assist you?
How can I get signals for trading
Hi Joshua, that would be on the signals page, click that section of the menu.
Yes
want to download the forex robot. but can’t download. why?
I’m not sure what you mean Sumon. Can you email us with more detail? We can help you out.
Me too one hour lost try to download
Hi Khalid, where are you stuck? Our process is straight forward. If you provide detail we can help get you the robot you want.
Want to download the forex robot
Sure Michael, which robot are you looking to download? Each robot has a website with information and an area to purchase.
Hallo I’ve been trying to download the robot but I can’t. Please assist.
Which robot do you mean Khanyisa? Feel free to email us.
I need a robot that suit my trading style is it possible to get one here, can you guys assist me on choosing the best one?
Yes Ishmael, you can let me know what you are interested in via comment here or you can email me too.
this is great, i can’t wait to use one of them
Let me know if you need any help selecting a robot that suits you best.
Try Fury, I just started with them 3 weeks ago and I haven’t lost a single trade. I’ve really enjoyed using it, and it’s immediately in consideration for my 5 year financial plan.
Thanks for your Best Forex Robots.
I’ve been using both Steam and Fury successfully now for 3 years.
I am thankful to have found this page, and believe in the power of these MT5 trading systems. Keep up the good work, and let me know if you ever find a third option, or an indicator that I can add to my collection!
Yes, I want indicator to trade too, but wait for FRN to say which is best.
I need a automatic robot to trade, since we’ll not having an experience about trading. I really want it to help me while I’m still trying to find my way of be come professional trader and while still trying to get the right equipment.
I’m sure our resources can help you achieve this goal, and if you ever need any help, just email us!
Hi to everybody. I bought the ODIN EA in September. I am going to share my account so everyone can see how good or bad this EA really is. I have seen some negative comments about the EA and the company that sells it. As far as customer service is concerned I dont have problems with FRT. They answered my emails within 24hrs.
I only started trading in September and the account is not profitable at this time. I have used other EAs and traded manually so up to this date its not all down to the ODIN EA.
Firstly, I am using a VPS. Its located in UK and running MT4 with Oanda. Its a live account.
“Out of the box” settings have not produced very good results. I contacted FRT and they have sent me custom EAs for the currency pairs I chose. I am now running ODIN on the same account with no other manual trades or EAs.
I told FRT my account was still losing after 3 months and they offered to send me the custom EAs.
As far as i am aware no one else is running a live account with the ODIN EA so for those who are interested here is the link
http://www.myfxbook.com/members/Jarida/odin/4026853
I am trading the following pairs:
Currency Trades Pips Profit($) Trades Pips Profit($) Trades Pips Profit($)
EURJPY 24 178.2 16.37 18 -20.9 -1.93 42 157.3 14.44 29 (69%) 13 (31%)
NZDUSD 35 135.6 16.59 46 -32.5 -2.32 81 103.1 14.27 49 (60%) 32 (40%)
NZDJPY 26 80.3 8.97 20 -15.1 -1.33 46 65.2 7.64 27 (59%) 19 (41%)
GBPAUD 1 17.0 1.14 0 0.0 0 1 17.0 1.14 1 (100%) 0 (0%)
AUDJPY 5 0.9 0.10 5 10.7 0.98 10 11.6 1.08 7 (70%) 3 (30%)
The above results are from Sept.2019 to December 24th 2019. Whatever happens now is down to ODIN with the custom settings.
Have you reviewed the FXMAXIMAL EA. Would like your view on this one as it claimed to give good and regular stable returns and low drawdown (6%).
Hi David, yes you can see that we reviewed it here https://forexrobotnation.com/robot-review-fx-maximal-ea/, it has not made our best Forex robot list
Hi, I was looking up Vader Forex robot and I wanted to be sure if the robot can be trusted. I also want your honest opinion about using it to trade live accounts.
Hi Festus, no Vader Forex robot is not a recommended system. You can see our review for more information as to why we believe that.
Is the drawdown an average drawdown or the highest drawdown?
Hi Jimmothy, it’s the highest drawdown.
Over the whole lifespan of the test?
Yes, they are still active accounts.