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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.

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.

#1 Forex Fury

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.

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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

#2 TWP VIP

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
#3 Forex Flex EA

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

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.

563 comments

  1. Hi Pat, Can you share your thoughts for the best plug and play bot for minimal tweaking and maximum results?

    • HI Jayson, my #1 is always Forex Fury.

      • Is this a true “Set it and forget it” bot. I’m a complete noob to this industry and would need to hire someone to install the software. Are there set files that come with the bot purchase that I could pass along to someone who could install. Looking to start a $5k – $10k live account and was hoping for a set and forget system to see some monthly gains of 15% – 25%. Is this realistic for this bot with that size of account to start with if we truly “Set and Forget it”?

        • I don’t think anything is set and forget in trading. That’s the holy grail. If you’re going to risk capital, you should be paying attention to it, checking in a couple times a week and if that’s ‘too much work’ then trading isn’t for you.

  2. We need your test/review for Alpha Striker please

    • I only test or review robots that have verified Myfxbook trading accounts. If the vendor is unable to prove the software win in live conditions, why would I even bother trading it?

  3. hello pat
    i sent an email but didnt get the right response wanted to know abt the copy trader in th vip
    is it available pliz thanx

  4. I need a 99% forex bot accuracy

  5. Guy are need to help me about robot
    Are want to be with nice money

  6. Guy are need to help me about robot

  7. Hi Pat
    What are the best .set files you found successful and optimized? Can you share them, please?
    What is the best time settings in UTC because every location is different?

    Thank you very much.

  8. Hey Pat! Can I use it for prop firm account TFT? and if so how can I run demo before I connect it to this account? Thanks!

  9. Hey Patrick!
    Can I run Fury on Tradingview or only on MT4/MT5, please? Thank you!

  10. Am interested in the ROBOT 🤖 and how much each

  11. Now days is it possible to copy your trade using your monthly subscription we can pass the prop firm challenge because total drawdown just 8-10%

  12. Bro I work I don’t have time to analyze the market please whats your monthly profits

    Monthly profits + break even + loss = ?

  13. Have you tested the Pow Red Alert EA?

  14. Hi,

    Can you let me know if any of these EA can pass funded challenge. If so, can you recommend the best EA for that purpose? Thanks.

    Also it appears that ForexFury is ranked as number one but the percentage gain is only 1 percent. Why is this EA ranked as first amongst the rest?

    • Hi Zoe, any robot can pass a funded challenge. I recommend Fury as the #1 robot for everything, including challenges. The 1% gain is a flaw in the table not grabbing the data correctly, the actual gains can be seen on the Fury website.

  15. Victor Onokopasah

    I have tested FRN Scalping bot on demo and it’s been very good. Can I use it on real-live account trading?

  16. Have you tried/heard Fx Scalper X? Could you give it a shot if you havent?

    • Hi Khan, they don’t have any live Myfxbook accounts running currently. They have screenshots of verified accounts on their website, but when I look for them on Myfxbook, they don’t exist. I always wait until a vendor can prove their software works in live conditions before I bother testing it myself.

  17. Can you test drive the Epignosis Robot?

    • HI Brandon, I generally only test robots the vendor has tested live themselves first. If a vendor can prove their robot works on a live account, then I’m interested. Otherwise, what’s the point.

  18. Hi Pat,

    Have you heard of the robot Forexa? They have live trading result, will you consider to test it?

  19. I see that Algopro robot claim themselves to be working successfully, can you try to test this robot as well?

  20. Alessandro Moschiano

    VIAO MA FUNZIONA ANCHE SU 8CUP?

  21. Hi Patrick,

    Have you tried using Vertex Forex trading bot, if not could you do a review on this EA.

    Thanks

  22. Pedja Zahorjanski

    hello Patrick Im Pedja,can you help me about ypur forex copier,a link and what is the minimum of invest,thank you

  23. Hi Pat, Is it possible to know your drawdown calculation methodology in your Best Forex Robot page? For example concerning the Earth Robot (rank 16) I do not understand how it is possible to have dd = 1,32% and gain = -26,81% and monthly gain = -11,57%. The drawdown looks really low regarding the loss which is really high! Doesn’t it?
    Thank you for your explanations. Regards!

  24. How to use it and how the robot works how much percentage it gain in 1 month the robot price

  25. Looking forward for better improvement

  26. Hi Mr. Pat! How can i stick to your daily free signal?

  27. Hi sir…
    Is FRN scalping bot is liceneced for real account..or licence free?

    Means can we run it on real account?

  28. Hello. I have 2 concerns.
    1. I have not been able to test the Robot on a demo because I don’t have access to a copy.
    2. Can I make payment through crypto wallet TRC20?

    Thanks.

  29. please guide me how to setup your scalping bot in mt4

    • Which bot is that Ankit? If you are using a paid robot all you need to do is follow the members area. If you are using my free robots all you have to do is follow the videos on my free robot page.

  30. Have you tried Alphazone & Goldage EA?

  31. Hi. Can I get or see your Forex signals past performances?

    I would like to be a part of your success but I need to see your history performance.

  32. Can Fury run in a cent account?

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