The price breaks a resistance level in the first type and makes a base region after the resistance breakout. Then the price will continue its bullish trend. The price returns within the resistance level after the breakout in this type. Then it forms a base region, and again the price will continue its bullish trend breaking the resistance level. It is a bearish trading pattern. When the price breaks the support zone , then after a base formation price will continue its bearish trend.

Price fails to return, and the bearish trend continues. The price returns inward to the support zone during this pattern after the breakout. Then again, the price will break the support zone and continue its bearish trend. After learning the concept of FTR, the next step is to draw the FTR zone correctly. The base region of the FTR shows us the limits of FTR. For example, a minor pause in the price trend will happen whenever the price breaks the support or resistance zone.

This pause makes a ranging price structure. It is also called the base region. To draw the FTR zone, we will pick the high and low prices of the base region in each type of FTR on the chart. Like in the image below. Tip: The Doji candlesticks represent the base zone on the chart. The high and low of these candlesticks also indicate the base region. I will also recommend learning about supply and demand trading posts to learn more about drawing zones. The main purpose of the FTR in trading is to reveal the footprints of big institutions and big traders.

It shows the price levels where big players place their pending buy or pending sell orders. By determining the future steps of big players, we can trade with the big banks to generate some profits. also, learn about the Flag Limit in price action. Trading FTR is very simple. You will need to practice drawing and identifying FTR zones correctly.

Otherwise, a wrong trading method will lead to time waste and losses. If a type of FTR forms after the break of the resistance zone, it gives rise to the formation of an FTR zone. And this FTR zone will represent the presence of buy pending orders. Institutional traders and banks will place their pending buy orders at this FTR zone. Pending buy orders will be filled when the price returns to the FTR zone, and a new bullish trend will start again.

If a type of FTR forms after the break of the support zone, it gives rise to the formation of an FTR zone that will have pending sell orders. Big traders and institutions place their pending sell orders at this FTR zone. During the FTB1 first time back , the pending sell orders are filled, and a new bearish trend starts.

In this example, check the working method of FTR in trading. Check the image below and analyze the price. Like how price has given a minor pause after a break of the previous swing level. Tip: The previous swing level always acts as strong support or resistance level. The base or Doji candlestick formation at the resistance level in the example below shows the FTR region in that area.

You will get more details if you switch to a lower timeframe. TechBerry has been offering impressive gains on subscriber funds since its inception back in The social trading platform formulates a profitable strategy by collecting trading data from over k accounts on the MT 4 software.

Subscribers have access to a personal manager and can witness the live performance on the website. Currently, it supports trading over top brokers such as IG, XM, FXCM, Pepperstone, etc. Happy Forex is a Forex automated systems development company from Germany. They offer several robots, including Happy Power machine learning algorithm , Happy Galaxy determines trend direction and small grids , and Happy Forex EA low-risk grid strategy , which is a part of the Happy Forex Full Pack containing 10 EAs.

These expert advisors use technical analysis and indicators to safely enter the market with the help of a news filter. On the live trading accounts, most robots have a high win rate and a low drawdown.

Forex Cyborg is a multi-currency expert advisor that is compatible with 18 currency pairs. It has daily and monthly gains of 0. The robot uses complex technical analysis and is able to adapt to various market conditions. It avoids using grid, hedging, and martingale strategies, and this means your funds will be safe with the system.

There is no minimum leverage or account size for this expert advisor, which makes it suitable for beginners. Forex Robotron is another example of the success of Forex trading using a fully-automated trading robot. Trading with it shows high and predictable results.

At the same time, the robot requires deep knowledge and understanding of trading processes in order to achieve similar results. That is why it can be difficult for beginners to master working with it.

Each experienced Forex trader has gone through a long phase of formation, ups, and downs. Many of them nulled their accounts several times while learning to trade. All this time, traders had to analyze the history of trades, follow the news, and trades on their own so on day after day.

With the advent of trading robots, many of these routine functions were taken over by them. This allows beginners to start trading forex immediately after the deployment of the program and does not require previous experience. This is a great advantage for those who want to try their hand at Forex trading. The robot provides work in a fully automatic mode, giving a stable passive income. At the same time, its owner can control all its aspects of the activity, configure it at its discretion, control the current trading process from market analysis, to entering and exiting a position.

Robots are usually developed based on some strategies that have already brought substantial profit to their owners. By applying them at the core of the robot, devs thus allow you to get your profit too.

A feature of some robots is that developers maintain the availability of analysis of the history of trading operations so that traders can use this data to improve their own strategies.

The forex robot is usually designed with the settings that are responsible for managing current trading transactions. These are the following functions: hard stop loss, trailing stop loss, and take profit features. Both experienced traders and beginners should take into account that without these functions, they will not receive full-fledged automated trading.

A developed set of patterns that include not only the parameters of the trade but also the specified criteria for market analysis. Thanks to this system, the robot is able to independently decide on the selection of the most successful entry and exit points. Typically, the robot is programmed to use technical analysis and indicators: order flow, support and resistance levels, and RSI or MACD. With automated trading, a lot depends on how accurate and fast the robot is in making decisions. The EA must provide its owner with timely entry and exit points from transactions, which in turn should significantly increase the profitability of its work.

The ability to enter a deal at the lowest point and exit it at the peak distinguishes a good robot from a bad one. A trading robot EA fits everyone. For beginners, it suggests the smooth start of trading on the Forex. For good traders it lets relax more, using combined strategies of robots and trader to get better results with same amount of spent time. Not at all. From buying to applying usually goes about 10 minutes. No special knowledge is needed. Yes, it does. It mostly depends on the risk you trade with.

Home Best Forex Robots Rank Robot Deposit Leverage Gain Monthly Daily Drawdown Trades Pf Days Сhart Acc. type 1 TechBerry. Happy Power. Happy Galaxy. Forex Cyborg. inControl Reborn EA.

The rise of the MetaTrader electronic trading platform and its capability to easily integrate external software developed using its MQL language has resulted in an explosion in automated forex trading software available to buy. There used to be a difference between a forex robot and an Expert Advisor EA where an EA identified trade signals, while a robot both identified and then placed trades without trader sign-off. Nowadays, forex software developers have blurred any distinction leading to both EAs and forex robots placing trades automatically.

Automated trading enables forex traders to set and leave a forex robot to trade continuously according to pre-programmed algorithms taking both emotion and fatigue out of forex trading. How do you select a Forex Robot with proven long-term performance with so many available on the market?

Here at Axcess FX, our mission is to do the heavy lifting for you. We have undertaken extensive research to provide all the information you need to make informed decisions about buying the best forex robot. According to our strict review ranking criteria, we have listed the 20 best forex robots currently on the market. Reading this updated guide for will help you understand the key elements that make up a successful forex robot and also the less desirable elements.

Armed with this knowledge, you will fully appreciate our ranking criteria and why our top forex robots list is robust and will help you avoid buying inferior quality EAs.

The requirements are listed below, and further on in the guide, they will be explained as part of broader considerations for those looking to buy the best forex expert advisor. Strict criteria have been employed to compile our top 20 forex EA robots currently on the market in All displayed in the table below, performance is rounded up or down to make it easier to read.

We have also filtered the table to rank by price, drawdown, total gain, and other valuable indicators relevant to your trading style. These metrics make up some of the critical considerations when evaluating the best forex EA robots.

Our default metric for ranking a forex robot between 1 and 20 on the list is by the lowest drawdown percentage, a measure of a low-risk strategy. Our extensive research in pulling together performance data from different data sources has enabled us to provide detailed information to drill down into different elements that make up the quantifiable data to rank Expert Advisors.

Are the best forex trading robots profitable? Providers of forex verification include FX Blue and MyFXBook. These software tools will connect directly to MetaTrader 4 trading platforms provided by forex brokers and the forex robot trading account statements to verify trading performance. The performance chart screenshot above from MyFXBook provides a snapshot of statistics pulled from MetaTrader 4 onto third-party software.

MyFXBook and FX Blue verify both demo accounts with forex brokers that simulate trading and real forex accounts that trade the markets live real-time. A demo account performance using a hypothetical balance or account size does not factor in actual forex market trading conditions such as slippage, spreads, and liquidity when trading currency pairs like GBPUSD, USDJPY, USDCHF, USDCAD, or EURGBP.

Not only is the performance verified, but it also means it is less likely that an account has undergone manipulation for fraudulent reasons, which is easier with demo accounts. The more days that an automated strategy has been running live on a verified real account, the more it provides comfort that the strategy employed by the Expert Advisor to find forex signals is reliable.

We do not consider forex robots with a track record of less than live trading days as having sufficient time recorded to sufficiently embed trading strategies. The average number of trading days in our 20 best forex robot list is days or just under three years.

As well as days traded, we also look to ensure that an Expert Advisor is still live trading right now. Some FX robots have verified trading days on their website from MyFXBook or FX Blue that confirms performance but relates to an account that stopped trading a currency pair three years ago.

The best forex robots are those that employ the services of digital retailers such as Clickbank and Clickbetter to fulfill their customer orders. It allows the forex robots developer to concentrate on what they do best which is developing, updating, and maintaining their forex robot and not worrying about customer administration.

The guarantee varies between 30 days and 60 days, meaning if you are not satisfied, you can ask for a refund. It allows a forex robot to be thoroughly tested on either demo or live accounts to ensure it is the right EA for you.

Drawdown is a crucial metric for a forex trader and essential for gauging the risk level of the strategy coded into an automated forex robot. Our best forex robot table considers drawdown and is one of our key ranking criteria. Drawdown is the decrease in the capital on a forex trading account and results from loss-making trades. An automated forex strategy generates profits by reducing drawdowns through the accurate placement of stop-loss and take-profit levels with a consistent set of extensively backtested rules.

An Expert Advisor with a high drawdown percentage can mean higher gains and involves more risk measured by the decline and capital reduction. A very high drawdown may mean that there are issues with the algorithm coded into the forex robot.

What is the most effective metric to gauge the performance of a forex robot over time? Many will look at the total gain in percent that a forex robot has made since it started trading live on the forex market. For example, an unexpectedly large number of pips profit from a single trade might make up much of the total gain. Conversely, a significant loss may be an influencing factor.

Instead, the monthly gain is a much better barometer of the average benefits you can expect to make with the Expert Advisor regularly. It eliminates not being able to read whether a sizeable overall gain might be masking months of losses. Backtesting trading strategies work because forex trades that with past performance have performed profitably will continue to deliver profit. When looking for the best forex robot, it is vital to consider the accuracy of the modeling employed in backtesting.

Robot developers that only use MetaTrader Strategy Tester as a base for backtesting their trading systems should be open to question. Below is a screenprint of the Forex Robotron backtest. Reviews are an essential consideration before purchasing a forex robot. Both review sites and forums provide access to the best forex robot reviews. They provide trusted opinions from forex traders using the automated software or professional reviewers that extensively research a robot to make an informed decision about the best Forex EA.

One of the best forums is Forex Factory. It has many members and active threads on the forum, with many focused-on forex trade systems. Review sites are an excellent place to read forex Expert Advisor reviews. FPA is a well-respected forex expert advisor review site.

Here at Access FX, we offer thoroughly researched forex EA reviews that include studies of performance, strategy, price, set-up, key features, and customer support levels.

Forex robots are typically available for purchase with a one-off upfront fee with free lifetime updates and ongoing customer support.

It is less common for robots to be provided on a monthly or annual subscription, although this does exist. When it comes to price, the cheapest is not necessarily the best Forex EA. For a developer to maintain and even update the robot software, there are development and ongoing costs. Is the developer who offers a low-cost robot likely to continually test the EA, develop it, and release new versions?

Forex trading robots may start trading using a profitable strategy, but without periodic recalibration, as market conditions and trading rules evolve, they may become ineffective with a limited shelf life.

As well as releasing new versions to ensure that the EA keeps making money, glitches and bugs are also a problem that can cause downtime from trading. A good programmer needs to continually provide updates to ensure that functionality does not affect profitability.

In our up-to-date guide for , FX Stabilizer is the best forex robot for performance but is also the most expensive; reinforcing that paying a bit more for an EA can pay off.

When trying to find the best robot for forex trading, the help desk assistance level is often an overlooked part of a purchase. Consider what happens if you are having problems with the installation process to work with MT4, you have questions about the robot settings, or the forex robot is not working. If the robot developers are not responsive in supporting their customers, it will be frustrating. Does a forex robot make money? A real trading account profit factor PF will answer this question and is a crucial metric when assessing whether to buy a forex robot.

The PF shows the interaction between profit and risk. The higher the PF, the lower the risk. A PF above 1. The top 20 best forex robots identified through our in-depth research all show excellent performance adhering to strict criteria, including low drawdown and a positive PF over a long period, all within a live real-time trade environment not simulated.

We think that the Flex, at number two, with both a strong PF and low drawdown has the edge over the number one FX Stabiliser and number three WallStreet 3. If you want to find out more about the Forex Flex EA, please click here to visit the official website or read our in-depth review. From our extensive research of forex robots, we would like to share the number one red flag that should be a concern when selecting an Expert Advisor, which is simulated or hypothetical performance.

Forex robots that can only demonstrate profitability through a demo account, also known as a simulated account, are hugely problematic in the EA market. These Expert Advisors have never been tested in the live currency markets with real trade executions and where market factors such as liquidity, spreads, and slippage can affect performance. Even from MyFXBook and FX Blue, demo account performance can be manipulated as actual trades have never taken place.

Simulated trading is such a concern that the CFTC themselves forewarn hypothetical performance presentations. Here is a brief excerpt from the CFTC communication:. Effectively, simulated results do not represent actual trading. Our best EA list only uses real trading accounts with a verified performance from live trading. Forex EAs have received bad press due to robot programmers flooding the market with automated systems claiming outstanding performance without concrete evidence.

There are great robots available, however. Our 20 best forex EA robot researched all show excellent performance adhering to strict criteria, including low drawdowns and positive profit factors over a long period, all within a live trade environment and not simulated.

We hope that our in-depth best forex robot guide has provided you with an understanding of what makes up a robust EA Robot and provides the necessary review knowledge to apply due diligence and confidently purchase an Expert Advisor that will work profitably for traders.

If you also want to find out more general information about EAs, including what they are and how they work please read our forex trading robot guide. Chris Gillie is the founder of Axcess FX, a forex software review and research website. He is a former investment banker who worked in FX Sales on the UBS London trading floor. Chris has been using forex trading software as part of his trading set-up since the late s and the embryonic days of MetaTrader and the MQL coding language. Top 20 Forex Robots Top 10 Forex Signals Forex Software Reviews pip Builder Review Fap Turbo 3 Review Forex Cyborg Review Forex Diamond Review Forex EA Lab Review Forex Flex EA Review Forex Megadroid Review Forex Real Profit EA Review Forex Robotron Review GPS Forex Robot 3 Review Forexsignals.

com Review Metatrader Platform Review WallStreet 3. What Is The Ranking Criteria To Make Our Top 20 Best Forex Robot List in ?

RANKING CRITERIA 1. Only forex EAs with a verified track record and track privilege on MyFXBook or FX Blue 2. We only consider live accounts trading with real money, and not demo accounts 3.

The EA is simple and convenient to use - just attach it with the default settings on eurusd gbpusd nzdusd audusd m5. Both review sites and forums provide access to the best forex robot reviews. Each trading robot has its own unique features and capabilities. License for Sale. This Expert Advisor features a brand-new grid mechanism, confidently trading at moderate risks.

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