Whether you are a beginner in trading or an advanced trader, sometimes you are bound to be in need of guidance. Forex expert advisors or forex robots offer the benefit of automated trading while assisting the trader to make the best trading decisions.
These robots help you to stick to logic without giving in to emotions while trading. The best forex expert advisors in 2021 are –
- GPS Forex Robot
This EA uses newly developed innovative technology with algorithms. It offers 12 trading styles and strategies by monitoring the market constantly in the background. So, clients can select any that suits their needs. GPS forex robot is easy to use and set to receive automatic updates whenever the program is required to be tweaked. The EA is updated constantly and allows the traders to take advantage of developments right away.
Minimum deposit: $100
- 1000pip Climber System
This forex robot is based on an algorithm analyzing the market while providing signals through audio, visual, and email notifications. The free guide it offers is simple for beginners to follow and it has clear signals that give information about rules concerning entry, take profit, and stop loss. 1000pip Climber System is a slow and steady forex robot that runs with minimum risk, but because of the same reason, it generates less reward than high-risk strategies. This EA closes trades based on the algorithm, although changes can be made to the minimum and maximum limits.
Minimum deposit: No minimum noted
- Forex Gump
The forex EA runs on nine currency pairs and monitors trends, news, and prices. Traders can set their trading preference to low, medium, or high risk while using this EA; and this decision affects the outcome of their trades. Forex Gump comes with full instructions and support, and also offers a money-back guarantee.
Minimum deposit: $400 on a nano account; $4,000 on a regular account
- Forex Trendy
This forex robot is an automated analysis system that helps traders to avoid trading during any uncertain trading times. It can look at charts on 34 forex pairs, from minutes to monthly. Moreover, it is a browser-based EA. So, you do not have to download or install anything. Forex Trendy would not place the trade for the trader, but it would advise when the best time to buy or sell would be.
Minimum deposit: $250
- Forex Diamond
Forex Diamond combines three independent trading systems and offers a self-updating algorithm with a profitable 40+ recovery factor. Users of this EA have the option to run Trend Retrace, Countertrend, or Countertrend scalping in combination or independently. The robot also offers real-time calculation that helps traders to generate more successful trades.
Minimum deposit: $1,000
- Wallstreet Forex Robot
According to Myfxbook, the Wallstreet Forex Robot has the longest and fully verified performance; and it works on any currency market. The 2.0 Evolution is based on the original configuration of low-risk scalping following short and medium-term trends, with the addition of the Broker Spy Module that allows the traders to protect their capital from unethical brokers.
Minimum deposit: $1,000
- EA Builder
The EA Builder allows all traders to create their own strategies and indicators without any programming knowledge. It has a simple interface that establishes algorithms and rules so traders can trade anything with several features in just a few clicks. This is a web-based program. Hence, it does not need any installation. The EA works with MT4 and MT5 effectively, as well as TradeStation.
Minimum deposit: Depends on the platform
Some other best forex expert advisors include Coinrule, FX-Agency Advisor, and FX Pattern Pro.