Thursday, May 30

To achieve success while trading in currencies, you need more than skills and knowledge. Individuals using the best Forex robots have an advantage over those who still rely on manual trading. The prices of currency pairs are influenced by a large number of factors. As such, it becomes difficult for a human trader to analyze complex charts and monitor price movements simultaneously.

With automated Forex trading, there is no need to worry about performing complicated analysis. These systems are capable of operating 24*7 at a stretch. They are based on algorithms that tell them when they should execute a trade or change the entry conditions. 

While most EA vendors promise great results with their systems, few are able to replicate them in a real-time trading scenario. That is why you need to know which robots you can trust. Here, we have presented a list of trusted EAs. We have also provided some information that will allow you to filter out the scam robots and choose one that will help you win steady gains.

Top-Rated Forex Robots and Expert Advisors

  Forex Robot Founded Type Strategy Currency Pairs Monthly Return Results Price Website
1 TechBerry 2015 MT4/MT5 EA Social Trading Analysis All currency pairs 11.2% Techberry Results Chart $0-$499 visit
2 Trade Explorer 2019 MT4 EA Technical Analysis EURUSD, GBPUSD, +25 more 10-20% Trade Explorer Results Chart $697 visit
3 Happy Gold 2016 MT4/MT5 EA Scalp/Swing/Grid/News XAUUSD 8-25% Happy Gold Results Chart €299 visit
4 DynaScalp 2020 MT4 EA Scalping EURAUD, EURCAD, +13 more 4-12% DynaScalp Results Chart $397 visit
5 Happy Forex 2016 MT4 EA Technical/Grid/News AUDUSD, EURCHF, +2 more 4-10% Happy Forex Results Chart €299 visit
6 Forex Cyborg 2017 MT4 EA Technical Analysis EURAUD, GBPAUD, +18 more 3-7% Forex Cyborg Results Chart €499 visit
7 Jet Trader Pro 2019 MT4/MT5 EA Grid Trading EURUSD 3-8% Jet Trader Pro Results Chart $697 visit
8 Volatility Factor 2018 MT4 EA Trend Trading EURUSD, USDJPY, +2 more 4-6% Volatility Factor 2.0 Results Chart $347 visit
9 News Action Trader 2019 MT4/MT5 EA Fundamental Analysis GBPUSD, AUDUSD, +4 more 3-4% News Action Trader Results Chart $397 visit
10 FXGoodway 2017 MT4/MT5 EA Grid Trading EURUSD, USDCHF 7-8% FXGoodway Results Chart $315 visit

1. TechBerry


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TechBerry allows subscribers to get decent gains on their funds. The monthly output of more than 10% at TechBerry far outweighs those of banks and hedge funds. Various subscription options are available on the social trading platform that covers any losses on your funds. A custom plan configurator can allow you to calculate your monthly returns. 

TechBerry collects trading data from over 100k trading accounts made available by professional traders. It then formulates a custom, highly profitable strategy available to retail traders and big financial institutions for social copy trading.

2. Trade Explorer

Trade Explorer

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Trade Explorer can trade on 27 different currency pairs with full automation. The algorithm comes with multiple verified live records and user testimonials for traders to verify its performance. Beginners with little to no market experience can easily use the product as the author provides the best settings and customer support.

The algorithm comes via a $397/year and $697/lifetime offer. A 30-day money-back guarantee is at hand, keeping your investment safe for testing out the product. Traders can use a cent account to trade with as low as $100 initially.

3. Happy Gold

Happy Gold

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As the name indicates, Happy Gold is built to trade on XAUUSD. The algorithm is coded for both MT4 and 5 platforms and comes with a 30-day money-back guarantee. Traders get 2 and 5 keys with ten different free EAs by Happy Forex for €299 and €499, respectively. 

Happy Gold trades using scalp/swing/grid news strategies on multiple time frames. The current 2.0 version was produced after constant updates and upgrades, improving the initial logic and increasing its performance. The EA can work on ECN accounts with a minimum deposit of $100.

4. DynaScalp


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DynaScalp is a night scalper that does not use any dangerous strategies such as grid or martingale to trade. The algorithm is fully automated and has shown good returns while maintaining the drawdown, as visible from the live records on Myfxbook. A detailed backtesting report is available on the website generated using Quant Analyzer. The robot can trade on multiple currency pairs.

The robot is the product of Leap FX and was developed by Chris Bernell, who was an institutional trader. He offers the best set files and free updates to anyone who purchases DynaScalp. 

5. Happy Forex

Happy Forex

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Happy Forex comes with a set of 10 different EAs with a single purchase. The algorithm uses technical analysis to trade the markets. It can use averaging techniques without martingale to recover from losing trades. Multiple filters are incorporated within the code of the EA to help it trade while avoiding large drawdowns. Multiple live and backtesting records verify the true performance of Happy Forex and show us how the robot can generate stable profits over the long term. 

The algorithm is fully automated and comes with support for ECN brokers. It comes with a .exe file to install on multiple MT 4 brokers in a single click.

6. Forex Cyborg

Forex Cyborg Robot

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Forex Cyborg trades in 18 currency pairs simultaneously on M15 charts. Backed by 10 years’ worth of backtesting data, this system is capable of performing advanced technical analysis to achieve a high rate of success. You also have the option of adjusting the lot size and the risk you take with each trade. 

Unlike most robots, Forex Cyborg does not require leverage or a minimum account balance. You can run this system on any broker of your choice. It has two modes, namely “Normal” and “Conservative”, and you can choose the latter if you wish to minimize the risk involved. 

7. Jet Trader Pro

Jet Trader Pro

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According to verified trading statistics, Jet Trader Pro has managed to produce over 300% gains within a span of 3 years. The current balance of the system hangs at €1388.3 with an initial deposit of €500. The system does not require any chart reading skills or prior trading experience from traders and comes with hands-on support from the developer. 

Jack McKennon is the author who made his way into the forex market after piling up debts with a Mechanical engineering job. They are able to double their investment within 12 months after using Jet Trader Pro. A 30-day money-back guarantee is on the cards to test out the EA.

8. Volatility Factor 2.0

Volatility Factor 2.0 Robot

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This is an improved version of the Volatility Factor EA designed by the FXautomater team. It has an in-built broker spy module that protects your money from dishonest brokers. The Myfxbook account for this robot shows high monthly profits and low drawdown. There are three risk levels to choose from when it comes to this EA and your lot size will be adjusted based on your choice.

Volatility Factor 2.0 closely observes the market and places trades to take advantage of market volatility. Money management rules are used to minimize the risks until an exit is made. When you trade with leverage, the profits earned through this EA are multiplied. 

9. News Action Trader

News Action Trader Robot

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According to verified trading statistics, News Action Trader has a win rate of more than 60% and monthly gains of 5-15%. This robot gathers economic data before an important news announcement. This allows it to adjust the trading parameters and trade the news efficiently. The EA takes into account the effect of slippage and spreads and alters the stop losses and profit targets based on this information.

It works with both MT4 and MT5 platforms and the vendor provides free updates for lifetime. You can use it to trade in 6 different currency pairs, which allows for portfolio diversification. 

10. FXGoodway

fxgoodway robot

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This EA lets you trade using different trading logics at the same time. After conducting market analysis, it picks the appropriate logic. With FXGoodway, risk calculation is 100% automated, and all you need to do is to enter the amount of capital you are willing to invest. 

Using the grid strategy, the robot trades the trend based on particular patterns. You only need a balance of $700 to get started with the EA. It works on both USD/CHF and EUR/USD currency pairs.

What is a Forex robot?

A Forex robot is a software program built using algorithms that helps it make important trading decisions. The main purpose of these systems is to eliminate the emotional bias in trading, where traders take impulsive decisions after making gains or suffering losses. The majority of EAs are programmed using the MQL language and they work on the Metatrader trading platforms. After detecting a proper trading signal, the EA will initiate a trade and make an exit after a fixed time period. 

So it’s just easy profits with zero effort?

While it is true that Forex robots drastically reduce the amount of manual effort you need to put, that doesn’t mean they are a source of easy money. Different robots use different strategies so you need to select one based on your trading style. Some of them have configurable properties that you need to set right for optimum performance.

Even the most reliable EA can suffer losses due to market changes and this is something that you should be prepared for. There are several scam services promising unrealistic monthly profits and you should steer clear of them.

How to check that Forex robot isn’t a scam

Here are some of the things you need to check to make sure a robot is not a scam:

Vendor transparency

A trustworthy vendor is always transparent about the company’s background and history. You should look for information like the year of foundation, location, and service history. A legitimate company should provide information about its employees and their qualifications. 

Clear Strategy and settings explanation

Before purchasing an automated system, you should always find out what kind of trading strategy it uses. Some strategies are only good for short-term profits while others are more suited for long-term traders. The vendor should also share information related to the EA’s settings and how they can be modified to suit different trading styles.

User Guides

Many novice traders take the help of Forex robots but they often don’t know how to use them. A detailed user guide is always helpful as it tells you how to install the software and how to trade with it. Some systems have advanced functionalities that require some expertise on the trader’s part. User guides can easily solve this problem.


The seller should provide recommendations about minimum balance, timeframe, brokers, and leverage. Some systems require a large amount of capital to generate sizeable profits and they might not work on all brokerage platforms.

Reasonable Price

You should avoid overpriced systems at all costs. You can find a reliable system within $1000. Anything more than that indicates a scam.

Public trading stats statement

A trustworthy Forex EA is always backed by verified live trading results published on third-party websites. These are public accounts where the vendor has no opportunity to manipulate the results, so you can see the true performance of the system. 


When an EA has positive customer reviews, you know it has a decent reputation. You should look for customer reviews on third-party sites like Forexpeacearmy and Trustpilot.

How to analyze Forex robot’s trading results

The first thing you should look for while analyzing the results is the monthly gain. If a robot has monthly gains of 5-10% on a verified account, it is a sign of a stable system. Following this, you ought to check the maximum drawdown which is depicted as a percentage. This tells you what portion of the capital was lost due to unsuccessful trades. Thus, a large drawdown indicates that the system is following a risky trading scheme that might lead to huge losses.

The risk-reward ratio is another parameter that should be checked every time. When this ratio is high, it means that the robot has to have a high winning rate to be profitable. Scalping bots generally have a high risk-reward ratio, but since they have a high win rate, they can still earn you profits. The problem with such a system is that if the win rate goes down, you start suffering massive losses.

Another thing you should look for is the latest performance. Many vendors discontinue the trading results after a few months when they realize the robot is not performing as well as they have claimed on their website. This is a tell-tale sign of a scam, so you should always choose systems that have the latest results shared on a verified live trading account. 

Summary provides information for educational purposes and we don’t claim to be financial experts. Before choosing a Forex robot, you should conduct extensive research on your own. An automated system is only as good as the strategy it uses and the trading algorithm it follows. Before using such a system for live trading, you should test it on a demo account first. 


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