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Forex - Trading Strategies, Robots, Indicators, Lessons

Best Forex Robots 2021

October 4, 2024 by Michael Leave a Comment

Hello friends, Forex traders!

Well, a long time ago I wanted to make this review. This article brings together the most stable, time-tested Forex robots, usually with simple rules and understandable ideas.

If you expect to see grail robots here - I will disappoint you. They are not here. And don’t believe those who are online trying to sell you something like this. In this list, robots that I personally find interesting, understandable, and that can bring you closer to the same “grail” of careful preparation (settings, presets, currency pair selection, etc.).

Wall Street Forex Robot

Long-lived robot. Appeared in the distant year of 2011, the trading principle is very simple - the entrance to the trend correction. On the downside, the stop is several times higher than the take-profit. One year it works better, the other worse, but the idea itself and the robot model are very stable.Another disadvantage of the robot is that only a paid version of the robot from the authors is available.

Robot Review

Generic ir Generic 14

Night scalping works well at certain periods, not at all. But, basically, this is a classic strategy that has become quite problematic to trade manually.

These robots are essentially remake copies of the Wallstreet Asia robot, made by talented traders, in which the night scalping strategy is very well implemented. Generic and Generic 14 - basically, it’s one and the same robot, only version 14 has a grid of orders added. And this is probably the best night scalper.

As can be seen from the monitoring, during bright fundamental events, the night scalper is better disconnected (Generic monitoring was significantly damaged by political excitement against the background of Brexit).

Generic Review

Generic 14 Review

Survivor

Quite a complex hybrid robot, programmed according to the indicators Bollinger Bands, RSI, ADX, DeMarker, Moving Average. He trades on a channel where he displays a small grid of orders if the price moves before the position. Has been working profitably for 3 years - probably the classic indicators are not so bad.

Attention - the robot does not work profitably with all currency pairs, so this should be taken into account in transaction statistics, and if any currency pair trades in the negative for a long time - it should be discarded.

Robot Survivor Review

Trio Dancer

Probably, our portal did not have such a popular robot, about which readers wrote as many as 17 comments. Whoever did not trade with him - novice traders and experienced, semi-hungry students and housewives…

The robot itself is not very bad - it works in the range when the flate is on the market - there are no levels for it. In spekuliantas.com portal monitoring, the robot earned 2816% and did not burn the account. By the way, in the Forex industry, many earned from its sales - renamed it, optimized and sold under different names. There were dozens of copies, the most popular being the Wall Street Bot.

Although a lot of time has passed, the robot Trio Dancer works well in today’s market conditions, especially when there are no major trends. The most important thing - is to withdraw a profit every month.

Robot Trio Dancer Review

Montag

This robot is designed according to Gap’s trading strategy. Stable low profit. The robot trades infrequently due to the specifics of the strategy, but is nonetheless very stable in the long run. The winrate with EURUSD and USDCHF is 100%. And it’s not a joke.

Robot Montag Review

Forex Grid Trader EA

Another very popular robot on our portal. A grid robot working with a GBPUSD pair in an M1 time interval. Basically, the most famous grid robot in history.

FX Network Review

Forex Hacked Pro

Another good multicurrency grid robot. 6 years without loss. Old but good, proverbially.

Hacked Pro Review


Conclusion

I think this list will be updated over time (but not often). From the robots above, a very good portfolio can be formed. Of course, knowledge and experience will be required, at least read these articles:

  • 9 Trading Rules With “Dangerous” Robots
  • How to install a Forex Robot?
  • How to test Expert Advisor in MT4 strategy tester. Detailed instructions

Take care, Michael

Forextraderportal.com


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Posted in: Forex Robots Tagged: 2021, ea, forex, robots
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