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.
#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.
Best Forex Robot Tests 2023
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 |
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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
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- 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
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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.
Have you tested the Pow Red Alert EA?
Never heard of it, I’ll check it out and see if they have any live results. There are literally thousands of EA’s, very few have any live results, so I test very few.
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.
I have tested FRN Scalping bot on demo and it’s been very good. Can I use it on real-live account trading?
You can use it however you like.
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.
Hello.
Do you have any opinion about GalileoFx
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.
Hi Pat,
Have you heard of the robot Forexa? They have live trading result, will you consider to test it?
I see that Algopro robot claim themselves to be working successfully, can you try to test this robot as well?
Their results section is just a few screenshots, I won’t test it until they can show some live verified trading results.
VIAO MA FUNZIONA ANCHE SU 8CUP?
Works on any MT4/MT5 broker.
Hi Patrick,
Have you tried using Vertex Forex trading bot, if not could you do a review on this EA.
Thanks
I haven’t John, I believe it’s a grid system. I’ll take a look for you.
hello Patrick Im Pedja,can you help me about ypur forex copier,a link and what is the minimum of invest,thank you
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!
Hi Daniel, some of the data scraping is flawed in the Best Forex Robot table. I will have to look at the code to see if I can resolve it, my apologies.
How to use it and how the robot works how much percentage it gain in 1 month the robot price
Looking forward for better improvement
Hi Mr. Pat! How can i stick to your daily free signal?
Thanks for your information.
Hi sir…
Is FRN scalping bot is liceneced for real account..or licence free?
Means can we run it on real account?
I don’t use Free robots on live accounts unless I’ve tested them thoroughly.
Sir
If i run FRN sckaping bot on real account will it take trades or not?
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.
Hi Emeka, not sure which robot this is about, you will want to email whichever robot you are interested in with these questions via a contact form.
Hai pak saya dari Indonesia ingin mendapatkan robot gratis m5 …. mohon dibantu 🙏
I’ll see what I can do.
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.
Have you tried Alphazone & Goldage EA?
Never heard of them Carlos
Hello how do u get the free robot
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.
Feel free to email us, I can send a spreadsheet.
Can Fury run in a cent account?
Yes it can Jose
1. Can Fury run on a VPS rather than my Computer? Do they provide their own VPS (rental?)
2. Can I pay for fury with CRYPTO?
3. Any other bot that accepts CRYPTO?
1. a VPS is not provided.
2. Yes you can pay Crypto, just email through the Fury website.
I am from india please guide me which not is best for investment for Indians i have 150$ in my account how much does these bots cost how much to invest in the account with these bots which website does they work best pls guide me