Every trader interested in currency trading knows even a little about automated trading tools like forex expert advisors or robots. These complicated tools are designed in a way to simplify the fx trading process by helping out in technical analysis and other repetitive tasks. First-timers often have a hard time picking the best forex EA that would work in the way they expected and help generate profit.
As the forex market is full of options, it becomes highly possible that you end up with a scam or a low-quality EA. Therefore, in this article, we present an overview of the 6 best forex EA that actually work and bring profit.
Coinrule is an easy to understand forex trading tool that automates most of the complicated processes for beginner forex traders. In case you do not have much experience in trading fx successfully then giving Coinrule a try is a must for everyone interested in automated fx EAs.
- Users need not have experience or knowledge of coding to make the most out of this particular EA.
- With its intuitive design, anyone can get acquainted with Coinrule’s UI and functionality easily.
- This EA is completely web-based so you do not have to install it to use it properly.
- Setting trading rules and strategies is also beginner-friendly on this particular EA.
The company behind forex VPS is a renowned entity that is trusted by several participants of the forex market. When you use this particular EA, a specific virtual private server is always connected to your trading system which provides 0 downtime issues.
- This expert advisor is an ideal match for people who utilize MetaTrader 4 or its updated version which is MetaTrader 5.
- It offers the lowest latency as compared to several available alternative expert advisors for forex. A latency checker is also included within that anyone can use to test the latency of a broker.
- 3 differently priced plans are available for you to choose from.
1000pip climber system
This one is an impressive forex expert advisor which is trusted and used by a significant number of traders (both first-timers as well as experienced ones). The best part of using this automated system is its steady performance and excellent track record which is enough to impress anyone. You can check out the 1000pip climber system’s verified and updated Myfxbook page to see its outstanding historical backtesting.
- This system is actually a combination of a powerful and advanced trading algorithm with an easy to understand user interface that urges newbies to give it a try.
- Being 100% verified and tested makes this EA system trustworthy and reliable for all types of traders.
- The complexity level of this EA is kept at a minimum in order to make it useful as well as convenient for novice traders.
In case you are looking for something within a certain budget and focused on a limited number of currency pairs then Forex Gump is an ideal choice for you. This EA is compatible with approximately 9 currency pairs and ideally monitors trends, prices, and news in real-time.
- Choosing a preference is easy with this EA. Users can pick either high, medium or low-risk preferences to stay on the safe side while trading.
- Due to varying risk preferences, the outcomes of every single trade performed keeps changing a lot.
- Some verified reviews and tests report more than 1000% gain through the use of Forex Gump.
Forex diamond is a famous name among experienced and long-time forex traders who trust automated tools and EAs for enhancing their trading skills. This EA is a combination of 3 independent and equally noteworthy trading systems that is constantly updating and improving their functionalities.
- The recovery factor for this high-end EA is just above 40 which is more than enough for first-time users and even some of the experienced fx traders out there.
- Users have the option to run all 3 or either 1 of the supported trading algorithms.
- This EA is famous for its real-time calculation that saves time and makes most trades turn out successful.