Good forex robot

Expert Advisors Reviews.

Have you ever seen the historical performance of an Expert Advisor and ever wanted to jump in right in the beginning? Some charts simply look too good to be true – one can get the feeling they have already missed the gains and the system will surely backfire at this point. This will be a review of a fairly new robot, with which you can jump in at the very start of the profit graph … if the system is worth anything that is.

The system we will review is the Forex Cyborg Robot. The fact it is fairly new comes with a couple of disclaimers we have to make in the beginning: the historical performance is for an extremely short period of time, which makes it less credible. Furthermore we reserve the right to reevaluate this review in the future.

The developers of the Forex Cyborg Robot provide little clarity on its trading strategy. This is generally a bad sign. Their website cites things like Neural Networks and Deep Learning. These are fairly advanced concepts, which sound catchy and like a solid investment to the average trader. However no proof of their claims is provided.

On the other hand their myfxbook account, which we will get to more deeply later, tells a very different story. Trades are being open near the end of the day, at periods of rather low liquidity and closed shortly after, as shown in this illustration:

This makes the Forex Cyborg Robot a night trader. These systems are one of the rather dangerous ones, which can be very broker dependent. Although this strategy works perfectly on paper and during backtesting, concerns often appear during live trading.

The aforementioned myfxbook account is being traded at FXPIG. Its current history is only about three months old, with a 25% gain. The profit chart is very smooth, with lots of small profits being taken often. This reinforces our opinion about the system’s way of entering new positions. Here is the graphic representation:

The risk parameter, for this account, is set at 4.5%, by the developer’s claim. We are not certain if this is the maximum risk per trade, as a portion of the account balance. The drawdown suggests this is not the case, as such a drawdown appears only once. Here is the chart:

The 4% level is only touched once, with even lower levels being present for most of the time. Do remember this account is still a relatively new account, so bigger downswings are to be expected.

The average pips per trade of this strategy is currently 5.1 pips. This is an important factor, when comparing systems. Anything under 5 pips is not recommendable, as factors such as the spread will play a huge factor in determining your results. For instance, the Rocket EA only scores 1.6 pips, which makes it vulnerable.

The price of the Forex Cyborg Robot varies between EUR 299.99 to EUR 599.99, depending on the way you want to use it. The difference comes in the number of accounts which you can use the system on and the number of pairs you are allowed to trade. Here are the full details, as provided by the developers:

This may be a bit steep, considering other systems can be obtained for far less. At least these are one time payments.

Bottom line.

The Forex Cyborg Robot is a fairly new automated system. The results on its verified myfxbook account lead us to believe it is a night trade, although the developers state it is a very advanced algorithm. Trading with this system will be risky in our opinion, but there is a potential for vast gains. We will update this review in the future, as this is a system with little trading history.

FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.

easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.

More Forex Expert Advisors Reviews.

Forex Gold Investor EA Review - Is it scam or good forex system?

The Forex Gold Investor is an automated trading systems which, as its name partially suggests, trades gold. In this review, we will attempt to unveil its secrets. Read more.

Forex Fury EA Review - Is it scam or good forex system?

The Forex Fury EA is a product which you may have heard about. The team behind it runs a website, which reviews other Expert Advisors and recommends two of their own. In this review, we will give you our unbiased opinion on the Forex Fury EA. Read more.

FXCharger EA Review - Is it scam or good forex system?

This will be a review of the FXCharger Robot, a relatively new and interesting Expert Advisor. While not much is known about the essence of this system, we will delve into it. Read more.

Long Vision EA Review - Is it scam or good forex system?

The Long Vision EA is a portfolio of automated systems, which trade the currency markets. The system is being offered by a company called Feycox Development S. L. In this review, we will try to get a better picture of its performance. Read more.

Einstein Trader EA Review - Is it scam or good forex system?

The Einstein Trader EA is an automated system which has performed well in recent times. That being the case we decided to take a closer look at it, and see if we can figure out how it generates the results. Read more.

Inertia EA Review - is it scam or good forex system?

Have you ever wanted to hire a professional price action trader to manage your funds? If so, the Inertia Trader may be your solution. Here is out our honest review of this interesting trading robot. Read more.

Funnel Trader EA Review - Is it scam or good forex system?

We would like to present you the Funnel Trader EA, an automated system, which you can try for a very low price. But before we get to that, let’s take a look at the strategy behind it. Strategy The team which created the Funnel Trader does reveal much. Read more.

Cash Cow EA Review - is it scam or good forex system?

The Cash Cow EA is interesting not only fot the funny logo, which the developers have chosen. We will take a closer look at this system and reveal the basics of how it trades. The developers claim 98% of trading is automated, while the human element is still occasionally there. Read more.

Minesweeper EA Review - is it scam or good forex system?

We would like to introduce you to the Minesweeper EA, a bit of a mysterious automated trading system. The team behind this project has not released much information about the way it operates, but we will do our best to reveal its secrets. Read more.

Innovative EA Review - Is it scam or good forex system?

AlgoTradeSoft is a developer of automated trading systems. One of their popular robots is the Innovative EA. Not much is known about the system, but we will do our best to debunk some of its mysteries. Read more.

Forex Industry News.

Latest forex brokers.

Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

All textual content on ForexBrokerz is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. ForexBrokerz does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations.

Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy.

Expert Advisors Reviews.

The Actinic Forex Robot is an interesting system, which has performed rather well in the short period of time it has been running (about two months, at the time of writing). In fact one may argue, the performance is too good - this EA has gained around 50%, when taking into account the floating P&L. On the other hand it has made 125%, when looking only the closed positions. We will take a closer look at this strategy, to see where the catch is.

The development team behind the Actinic Forex Robot has not provided any information on the strategy behind this EA. When looking at the results, one thing immediately stands out – the system holds loosing trades open for a long period of time . Here are the open position held at the time of writing of this review (only including EUR/USD, click to zoom-in):

The pair in question has been on the raise, while this system is shorting it. In essence this is a countrarian grid strategy . It also appears to increase the size of future trades, although not with a precise martingale structure. The grid step appears to be set at 25-30 pips . This is a very dangerous type of strategy, as it can blow-up one’s trading account, if a market trend continues for a long period of time. For a more detailed explanation of the risks involved with grids and martingale read this article.

Historical Performance.

The Actinic Forex Robot has been running on a partially verified live account , tracked by FXBlue. It is worth noting, it is theoretically possible to manipulate the results of such accounts. Although FXBlue is an alternative to MyFXBook, the signs of a fake account, are still applicable. That being said, judging by the open orders, this system could have easily obtained the results presented in the history in reality. Let's take a look at the equity chart, which basically tells the whole story :

While the system has had steady overall gains (as indicated by the blue line), the floating P&L has at times decreased drastically (the red line). This is simply due to the fact, this EA does not often close loosing positions.

One of the weaknesses of FXBlue, as a tracking service is that it calculates the grawdown only on the basis of closed positions. This can be a bit misleading, especially when dealing with grid-based systems. Our manual calculations revealed a maximum drawdown around 32% , for both the previous and the current major dips. This is to be expected with systems of this nature,

The average pips per trade factor of this trade factor (or expectancy) of this system is currently 8.7. This is a relatively good score, when compared to strategies like the WallStreet 2.0 EA, which scores under 2 pips/trade. We recommend using 3 pips/trade as a minimum acceptable level, and 5 as a more conservative one.

The Actinic Forex Robot is being sold with lifetime licenses. There are several offers available, based on the number of trading accounts you want to use. Here is a breakdown.

A 30-day money back guarantee is also included, as well as unlimited changes of the account number (i. e. the MT4 account, which can use the system).

Bottom line.

The Actinic Forex Robot is a grid-based system. It counters the market trend approximately every 25-30 pips. Its position sizing and exit rules are not disclosed, but not very simple. The system has closed loosing trades in the past, unlike a classic martingale. There are risks involved with this type of strategy, but at least now you are aware of what you will be getting into, if you decide to invest in the Actinic Forex Robot.

FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.

easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.

More Forex Expert Advisors Reviews.

Forex Gold Investor EA Review - Is it scam or good forex system?

The Forex Gold Investor is an automated trading systems which, as its name partially suggests, trades gold. In this review, we will attempt to unveil its secrets. Read more.

Forex Fury EA Review - Is it scam or good forex system?

The Forex Fury EA is a product which you may have heard about. The team behind it runs a website, which reviews other Expert Advisors and recommends two of their own. In this review, we will give you our unbiased opinion on the Forex Fury EA. Read more.

FXCharger EA Review - Is it scam or good forex system?

This will be a review of the FXCharger Robot, a relatively new and interesting Expert Advisor. While not much is known about the essence of this system, we will delve into it. Read more.

Long Vision EA Review - Is it scam or good forex system?

The Long Vision EA is a portfolio of automated systems, which trade the currency markets. The system is being offered by a company called Feycox Development S. L. In this review, we will try to get a better picture of its performance. Read more.

Einstein Trader EA Review - Is it scam or good forex system?

The Einstein Trader EA is an automated system which has performed well in recent times. That being the case we decided to take a closer look at it, and see if we can figure out how it generates the results. Read more.

Inertia EA Review - is it scam or good forex system?

Have you ever wanted to hire a professional price action trader to manage your funds? If so, the Inertia Trader may be your solution. Here is out our honest review of this interesting trading robot. Read more.

Funnel Trader EA Review - Is it scam or good forex system?

We would like to present you the Funnel Trader EA, an automated system, which you can try for a very low price. But before we get to that, let’s take a look at the strategy behind it. Strategy The team which created the Funnel Trader does reveal much. Read more.

Cash Cow EA Review - is it scam or good forex system?

The Cash Cow EA is interesting not only fot the funny logo, which the developers have chosen. We will take a closer look at this system and reveal the basics of how it trades. The developers claim 98% of trading is automated, while the human element is still occasionally there. Read more.

Minesweeper EA Review - is it scam or good forex system?

We would like to introduce you to the Minesweeper EA, a bit of a mysterious automated trading system. The team behind this project has not released much information about the way it operates, but we will do our best to reveal its secrets. Read more.

Innovative EA Review - Is it scam or good forex system?

AlgoTradeSoft is a developer of automated trading systems. One of their popular robots is the Innovative EA. Not much is known about the system, but we will do our best to debunk some of its mysteries. Read more.

Forex Industry News.

Latest forex brokers.

Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

All textual content on ForexBrokerz is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. ForexBrokerz does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations.

Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy.

Our forex robots have found over.

Meet the most powerful expert advisors ruling the markets right now.

Declare War On Your Broker.

Odin turns your forex terminal into a grid trading machine. Elite code meets a vicious strategy.

The Ultimate Forex Robot.

Vader slices your charts into pieces using daily Fibonacci levels. Finds big forex trades.

Pips, Meet Your Maker.

Forex trades can't hide from Reaper. Daily breakout trading gives it untold trading powers.

Rip Your Charts Apart.

Ganon uses our exclusive new Strand Theory™ to cut through charts. Finds strong trend trades.

Trade Like A Wild Animal.

Falcor eats pips alive. Price action helps it take down the biggest forex trades with ease.

Pterodactyl EA.

A Primal Instinct To Find Pips.

Hunts down and trades fractals like an animal. The automated version of the Fractal Breakout.

The Original Automated Killer.

The software that started it all. Scans 8 time frames at once for incredible forex trades.

Volatility EA.

Take On Any Chart.

Loves market volatility. Ready for the most hectic charts you have.

More Trades, Less Risk.

Make pips from the price when it moves in either direction with automatic hedging.

Fractal Breakout EA.

An Indicator With Shocking Precision.

Harness the power of fractals to find easy signals on any forex chart.

Directional EA.

Trends Until The End.

Detects huge directional pip movements early. Loves large trades.

WaveRunner EA.

Ride The Waves.

Utilizes advanced Elliott Wave Theory to trade market tops and bottoms.

A forex robot (aka "expert advisor") is software that trades a forex system for you.

They run inside your forex terminal and can be attached to any currency you choose. Using advanced calculations they open and manage forex trades for you according to a forex strategy. Every EA is different. Use more than one at the same time for best results. No experience is required and setup is simple.

Using a forex robot is the only way to improve your trading instantly.

With an expert advisor you can instantly start trading a working system regardless of your own skill level. Difficult calculations and safe money management are handled for you. They never sleep and can look for trades 24 hours a day/5 days a week. And they're the only way to cover multiple pairs at the same time.

Every expert advisor is fully automatic and loaded with features to dominate any chart.

We code everything but the kitchen sink into all of our forex robots. Automatic hands free forex trading? Yep. Proper money management? Check. Stop management and automatic take profits? You bet. Each expert advisor is fully optimized for any currency pair. And they can trade micro, mini, and standard lots.

Download A Free Forex Robot.

Test the waters with our free expert advisor. Sign up for our newsletter and we'll it to you.

Every expert advisor comes packed with features.

Way more than just software. A complete automated forex strategy.

Trades for you automatically Watches markets day and night Built in money management Jumping stops, break evens, etc. Trade multiple currency pairs at once Optimized default settings Quick 5 minute installation No customization required Dedicated customer support.

Micro, mini, and standard size lots Auto stop loss and take profit One time fee, yours forever Works on any PC, no restrictions Runs on demo and live accounts No experience required Use them together or solo Reliable, sound theory Free lifetime updates.

Forex robots of the highest quality.

The Best Trades Automatically.

From finding and opening forex trades to managing stops and closure.

Sound Logic And Theory.

Every EA sprouts from a profitable manual system we've traded for years.

Optimized Default Settings.

Fully loaded with the best settings for your charts. No customization needed.

#1 Provider Of Expert Advisors.

We've been making forex robots for over eight years and counting.

Unrivalled Customer Support.

We're always here to help you with anything you need along the way.

Free Lifetime Updates.

No annual costs, no expirations, and free software updates. It's yours forever.

Let's find the right expert advisor for you.

What is most important to you as a forex trader?

Most Popular.

A professional expert advisor that finds big forex trades automatically.

Odin is the #1 choice for automated trading right now. It finds beautiful trades on any forex chart using a proven grid strategy. Designed for newbies and professionals alike. It's brand new for 2017 and very popular.

A proven expert advisor that uses Fibonacci levels to find great trades.

Vader uses daily Fibonacci levels with trend shifts to trade the price coming and going. It's optimized and fully adapted for over 20 forex pairs out of the box. Our best selling forex robot of all time.

A powerful expert advisor that finds incredible forex trends.

Solid trend trading mixed with incredible features have made Ganon very popular. Using our newly developed Strand Theory™ it trades strong trend shifts on any forex chart automatically.

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* Results from backtesting are not indicative of future performance or success.

What Is a Forex Robot?

Are you ready to hand your trading over to a forex robot?

A forex robot is forex trading software that automates trading decisions. The most popular robots for retail traders are built around the MetaTrader platform. These robots run on MetaTrader as "expert advisers" and they can do just about anything, from giving you a signal to place a trade, to placing and managing the trade for you automatically.

Robot Pros and Cons.

If you have a forex strategy that's strictly mechanical and that doesn't require a human in the decision-making process, you can program your forex robot to trade for you 24 hours a day.

Many companies create and sell forex robots, but be careful who you deal with if you're in the market to buy one. It's not uncommon for a company to spring up overnight and start selling an "instant riches" forex robot, including a money back guarantee, only to disappear in about 45 days or so.

The majority of made-for-purchase forex robots are not profitable, so please do your research first if you're planning on purchasing one. It's best to be wary because there's a great deal of curve-fitting or data-mining bias in the made-for-purchase offerings.

Data-Mining Bias.

Data-mining bias is the unspoken enemy of many traders who purchase forex robots. It refers to the process of "cherry picking" the best back test out of hundreds or more and presenting that back test as the likely outcome for the purchaser of the forex robot.

David Aronson is one of the leaders of this fight to make investors aware of data-mining bias.

Aronson has written an excellent and detailed book titled Evidence-Based Technical Analysis . Among many other good arguments, he asserts that the systems or indicators that are said to be the best performers or most accurate predictors of future performance are likely false conclusions. The finding of the outlier is often proved by looking at one data set and not testing that indicator over multiple cycles or the environment.

Successful Robots.

There are some successful robots out there, but be aware of the data-mining bias that is front and center of most made-for-purchase systems. Typically, these systems maintain an edge and manage risk successfully. They're less about high win rates and more about position sizing and cutting losses quickly.

If there was ever a good example of the meaning of "buyer beware," this is it. The phrase is extremely applicable to forex robots. When you're thinking about buying a system, ask yourself, "If it works so well, why is it being sold at such a discount?" Altruism is typically not the intention. Sub-par systems are often sold as soon as a data-mined outcome can be put together so an uneducated buyer can purchase the code.

Note: The world of trading and investing is ever changing. Always consult with a financial professional for the most up-to-date information and trends. This article is not investment advice and it is not intended as investment advice.