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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.

Rank Robot Review Gain Monthly Gain Drawdown Deposit Balance Days Chart

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.

496 comments

  1. A huge list of forex robot. That is a good source for traders. keep up the good work.

  2. Hi team

    Be good to see how POW Banker EA and Golden Owl perform.

    Thanks!

  3. I bought the Ganon robot but it disappeared can I get it back

  4. 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.

  5. 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.

  6. 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

  7. 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

  8. How do you install the robot on my laptop

  9. Hi dear can I use the forex furry on an ftmo account with a mt4 please??

  10. Mohammad shadman

    Hii Patrick i want to buy your product I am sixth to know Will your product work in the broker octafx

  11. I’d Fury easy for a beginner to set up or are there lots of settings to select

  12. 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.

  13. Hi, is there a free indicator that’s accurate that we can download on mt4?

  14. I am ready to start

  15. How can I download the system I can’t find it and it’s really good { the info }

  16. Which robot is capable of running trades in account deposited 100usd?

  17. 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??

  18. Hey.
    So I’m looking for a robot that uses Bollinger bands and RSI specifically. Can you help me get that?

  19. 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.

  20. Great list, been gaining steadily with FURY for years.

  21. 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!

  22. Oladunjoye Rufus Olaniyi

    How can i download the FURY, and can i use the free version for trading? I am a new comer please.

  23. 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.

  24. i was wondering if you could test a robot for me Its called Nasdaq Ghost Robot i don’t Know how reliable it is

  25. Whats the current best EA for Gold ??

  26. does it work when computer is offline?

  27. Sir i need paid ea and i have 10k usd and no have iydiya pl help me your ea

  28. 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!

  29. Pat, do you invest for your customers or do u have any recommendations?

  30. We also want free robots please..i actually want a Good robot, I keep on blowing accounts, how can I buy one

  31. 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.

    • OLAWUYI Oluwaseun Adetokunbo

      How many trade should the EA take at a time , and how many for a day. You can also put me through. Thank

  32. Hi Guys. Can odin robot work in android smartphone Nokia 1plus ?

  33. Can the robot works on Android phone,or must I have to get a laptop?

  34. More robots being added shortly, including the latest live trading results with Forex Fury V4.

  35. 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.

  36. How can i download the software. Cant findwhereto dowloadit…

  37. 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

  38. 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.

  39. 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.

  40. Im also struggling guys i need ur help i want to download the robot but i cant

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