What is the best forex trading robot available today?

Salman1 · April 7, 2020

The best trading robot doesn't exist and there is a valid reason for saying that. I actually program trading robots and I do so whenever I get a strategy. Robots are good if you indeed have a plan and a strategy and you can also code. The only reason why a lot of people complain about robots is the same reason why it wouldn't work for them. Best Forex Robot Free download ! Full Version ! Try now ! free-forex-robot-download.com

First off, it is an established fact that 96% retail traders lose all their money. Just know that at least 50% of them also decided to dabble into the MT4 market looking for profitable robots. They do not care about the strategy behind the robots and truth be told a lot of the robots will not indicate or define their strategy. When some do and you find out that the strategy is garbage. So, anyone who picks up a robot without knowing the strategy it was designed to follow will definitely lose his money and then blame the EA.

Secondly, money management. A lot of people are fooled by highly optimised back test results that they just buy the robot and assign standard lots on their small accounts with no regard for money management. Again, they quickly lose money due to inevitable drawdowns.

Thirdly, combine the lack of knowledge about the EA's (robot) strategy be it good or bad and lack of money management then ask me what you'll get? You're right. Loses.

So, the best you can do is study and practise on a demo or cents account a strategy to determine whether it's profitable or not. If it is profitable, you can then go ahead and create a robot following the rules of the strategy. I am sure when you do that and then backtest it, you will have clearer understanding of EAs (robots) and how effective or how potentially destructive they can be if you don't know what you're doing in the first place.

Downloading and setting SL and TP doesn't make a robot. The strategy is everything. You are better coding a robot or getting a professional programmer code the EA (robot) for you based on your own strategy. There is no better robot than a robot that trades your strategy. I hope that answers your question.

Jo Eshuijs · April 8, 2020

In Forex trading for me the best Forex trading broker is Forex4you and there are many reasons behind this truth. As a good broker they allow – Forex, Indices, Bitcoin, Cryptocurrency, bond, commodities and many others. The retail Forex trader can get facilized by their help in time to time as they give non-stop customer service by 24/7. I am working with this broker by the last three years and yes, I am very satisfied with them.

uncle gober · April 9, 2020

broker selection must be able to be considered properly, this is needed and needed so that traders can become better and get more leverage in getting the security and comfort of tarding with Tickmill.

Hanan Öberg · August 25, 2023

For scalping, I follow m15 time frame because it helps me take a quick view of the market for short time profit. I trade for long time when FXOpulence provides signals to traders and I follow them. Their reliable trading platform is free from technical glitches.

Nilde Lucchese · March 17

EA trading seems difficult and messy to me because it roughly opens and closes trades, posing high risk for my equity. FXOpulence allows traders with smart technology and thus the broker supports all types of EA trading. Their mt5 platform is smooth enough and offer some amazing trading instruments including Indices1000 and crypto500.

uncle gober · April 4

Up to this point, I still find comfort in conducting manual trading. Through manual trading, I can gain extensive experience and trade more effectively with Tickmill broker.

Fin_Trader · May 7

The best Forex advisor may be the one that can be made using the algorithm of your proven manual trading strategy. Other people's robots are unlikely to help you earn money when you know nothing about them, do not understand their algorithm, and cannot program and configure them.

skrimon · May 7

1 hour ago, Fin_Trader said:

The best Forex advisor may be the one that can be made using the algorithm of your proven manual trading strategy. Other people's robots are unlikely to help you earn money when you know nothing about them, do not understand their algorithm, and cannot program and configure them.

I agree, a custom-built advisor based on your proven strategy can be very attractive. Understanding its logic and inner workings allows for better control and adaptation. However, creating an effective algorithmic trading system requires coding skills and a deep understanding of the markets. For beginners, exploring simpler manual strategies or demoing pre-built advisors with clear documentation might be a good first step.

maspluto · May 8

For beginners who are new to forex, it's indeed advisable to continuously learn about how it works and to utilize all the facilities provided by the broker, so that they can gain a deeper understanding and engage in forex trading to the fullest potential with Tickmill as their broker.

Hanan Öberg · September 22

EA (Expert Advisor) trading in forex can be logical when based on robust strategies and properly tested. EAs automate trading processes, executing trades based on predefined rules without emotions. Success depends on designing effective algorithms and monitoring performance to adapt to market conditions. LQDFX broker allows EAs to be run smoothly on their trading software and traders can enjoy a hassle-free trading experience.

maspluto · September 23

Profit in forex cannot be obtained instantly and easily. Because we need understanding, knowledge and experience about trading. So keep developing everything and learn it routinely, so that later trading can run smoothly and optimally with the Tickmill broker.