What is a forex robot?

A forex robot is a software that is specially programmed to assist humans in trading automatically. Forex robots work based on trading algorithms that are 'embedded' within the software. This forex trading robot is also known as an expert advisor and can be relied on for all forms of trading transactions, but the capabilities of forex robots are certainly different because they are developed with different strategies.

The emergence of forex trading robots is considered a solution for traders who want to be practical in trading but do not have time to learn technical and fundamental analysis. Trading robots help traders to control their emotions when trading because they are able to automatically execute transactions with more measured analysis. Traders no longer need to intensely monitor the movements of the forex market.

How to choose a forex robot?

For beginners or experienced traders, choosing a forex robot is certainly not an easy thing, even though forex robots are not something difficult to find in the market. Unfortunately, you can't just install a forex robot on a trading platform and voila until it makes a profit. 

You should first know if the forex broker you have chosen allows trading using forex robots. Then if possible, is it compatible with the trading platform and can make trading transactions on any pair or only a certain pair.

Some forex brokers have also provided forex trading robots that they have developed, so you can't use forex trading robots carelessly from other parties. Also make sure that the trading robot that has been chosen is a forex robot for Android that can be used on a smartphone. There are several things that you should pay attention to before choosing a forex robot, whether it is for a paid trading robot or a free trading robot.


1. Understand how trading robots work

Although the autopilot forex robot works automatically, the EA is still just a tool for a trader. You still have to understand the mechanics and strategies of trading properly and correctly because robots are still robots that are only able to do what they are told. Therefore, it is important for you to understand more about trading by learning forex so that later this forex robot will be able to help you according to expectations.

2. Perform a test on a forex robot

Make sure the forex robot you choose has been tested with data from the past few years (backtest) and data that is running now (forward test). Why is it necessary? Because you need to test how proficient it is and whether it is in line with the great advantages offered by the robot. This test applies to both paid forex robots and free trading robots. 

By doing testing, you will avoid fatal mistakes that can lead to losses when trading. Most expert advisor testing can only be done on a live trading account and not on a demo account. In this test, you will find out whether the forex robot can be used on a smartphone or not. Make sure that the forex robot is a forex robot for Android, so that it is practical to use.

3. Pay attention to the forex broker you choose

Not all forex brokers allow trading transactions using robots. Therefore, make sure that the forex broker you choose allows traders to use expert advisors and also make sure that the EA is compatible with the trading platform you have.

To make trading easier, choose a forex robot for Android or a forex robot that is compatible to use on smartphones. Some forex brokers also provide the services of forex trading robots that they develop, so you can't use expert advisors carelessly from other parties. The selection of an EA is also usually adjusted to the currency pair being traded as well as the amount of a trader's deposit. 

4. Understand the forex robot products offered

If anyone promises that forex robots can achieve consistent profits that are unreasonable, don't be easily tempted, especially if the broker offering is an untrusted and unregulated forex broker. You should remember that trading is the same as any other business with risks. The main key to successful trading depends on how you manage your risk. 

Then, are there any forex robots that can be used on Android phones?

Nowadays there are many forex robots that can be used on smartphones with a note, the forex robot you use is allowed by the forex broker and is compatible with the trading platform. Simply put, you can first install a forex robot for Android on your live trading account via a trading platform such as MetaTrader 4 or 5 installed on your computer device. 

After that, in order for the forex robot to be used on an Android cellphone, download the trading platform you use on your smartphone. Forex robots that have previously been installed on MT4 or 5 through a computer device will run automatically on the trading platform that has been downloaded on an Android phone. This type of forex robot is usually easier to use and is widely developed by forex brokers, making it easier for traders. 

So, what are the best forex robots for Android that you can use?

Although there is a lot of information scattered on the internet and labeled as free download android forex robots or free forex robots for Android, you are actually not recommended to use forex robots for Android for free. Why? Because forex robots continue to need updates to still be able to transact optimally when trading.

Since the forex market is very dynamic, it is recommended that you use or buy an EA with an auto-update feature so that the EA trading robot will always be updated to keep up with the latest market conditions.  Free forex robots for Android are not necessarily reliable for trading because they usually won't be updated often and also don't have enough human resources to update the software. 

So, what does the best forex robot look like? The best forex robots in Indonesia are expert advisors that are compatible with many forex brokers and trading platforms and can be forex robots for Android to make it easy for traders to use. The following is a list of the best expert advisors reported by Forex Robot Nation that have passed the backtest and forward test. 

Also Read : 

Forex Trading: Trading Robots, Their Risks & Drawbacks

Forex Robots VS Copy Trade, Explanation and Distribution Permit

Getting to Know What Forex Trading Robots Are & How to Use Them

1. EA Forex Fury

Reporting from the Forex Fury website, Forex Fury EA has been backtested for 15 years. Forex Fury also provides EAs for a wide variety of forex pairs, so you can freely choose the forex pair that is your favorite. With a minimally risky trading strategy, the Forex Fury EA has a claim to have a drawdown of below 20%.  
 
This forex robot also works very well on both the MT4 and MT5 trading platforms with a wide range of forex brokers. Forex Fury has a useful filter technology to avoid adverse market conditions.

2. EA Forex Flex

The Forex Flex EA is a custom-made trading robot using Virtual Trade as one of the references. This forex robot is available on the MT4 platform and provides 12 different strategies that can be used when trading. The Virtual Trade feature is able to make this forex robot open positions that can determine the best entry level with a certain algorithm.

One of the excellent features of this robot is the Precision Entry Point which is able to filter the positions opened. The Flex EA will open six different trading positions virtually before actually determining the most appropriate level to enter the market. You can also try this forex robot through a demo account that has been available through the robot developer. You can see the robot's performance based on the profit level, drawdown, and number of pips listed in the EA Flex backtest performance.

3. GPS Forex Robot

This GPS Forex Robot has gone through a development cycle many times until it has the most up-to-date application and has the latest application. This forex robot has been proven to be able to adapt to all market conditions and be able to use various strategies needed by traders.
 
 This forex robot is often touted as a trading robot suitable for beginners and is able to generate a return of around 300% in less than 3 years. The ranking of this list of the best forex robots was made based on an analysis using seven indicators on Myfxbook trading accounts such as gains and drawdowns.  In fact, all EAs have the potential to become profitable forex trading robots.

However, you should also remember that there are several factors that can cause losses or loss of profit. However, don't worry, a well-performing forex robot will be able to bounce back from a temporary drawdown, then achieve consistent profits to get close to the ideal standard you expect. Well, now you are no longer confused about forex robots for Android, right?

Get acquainted with Fxbot99, which helps you know the direction of the market trend!

fxbot99

As explained above, you need to get acquainted with the EA indicator from GIC, namely FXBot 99. FXBot 99 helps you in knowing the direction of the current trend that is happening in the market. To be able to use the best indicator from GIC, you can call it specifically through the GIC telegram. FXBot 99 provides several charts such as Trend Chart, Multi Chart and Chat Scanner. All charts have different functions. The Trend Chart itself will provide chart analysis for 8 hours, Chart Multi will provide analysis for 8 hours, 1 week to 1 month, and for Chart Scanner will help you display analysis for 8 hours with notes, you can see all pairs through this chart scanner. 


Get acquainted with the Auto Cuan Robot (EA) that helps traders make profits consistently!

What is Auto Cuan Robot (EA)?

Not only fxbot 99, GICTrade also has an EA indicator / trading assistance Robot (EA) auto money for traders to make trading position decisions in the forex market automatically in order to get consistent profits. The robot is specifically designed for forex trading on EUR/CHF, EUR/CAD, USD/CHF, AUD/NZD, CAD/JPY, AUD/USD, GBP/JPY, USD/JPY, XAU/USD, and EUR/JPY using the most advanced AI technology that helps predict the market accurately through dynamic strategies, so it generates profits consistently. 

 

The following is money management in opening positions using the high risk and high return methods:

  • Deposit capital of $200 = 0.01 lot with low risk and get low profit with a Drawdown of 5-15% or
  • $100 deposit capital = 0.01 lots with high risk and high profit with a Drawdown of 16-30%

9 Advantages of Auto Cuan Robots (EA) and How They Work That You Should Know!

  1. Dynamic system : Helps predict dynamic market conditions in accurately determining position entry, take profit, and stop loss
  2. Has 99 secret recipes : The auto money robot has 9 secret indicators and secret techniques to support a forex trading strategy that generates consistent profits
  3. Money management : Manually setting lots and balances according to your desired trading risk
  4. One shot system : Using a single entry position take profit and stop loss that results in consistent profits
  5. No martingale system : No use of averaging, martingale system, hedging, grid, trading balance, etc.
  6. News filter : Intelligent technology that helps in filtering news that has an influence on world market conditions
  7. Copy trade or social trade : Advanced technology for copy trading and can choose copy (enter the same position as the Auto Cuan Robot) or reverse (enter the opposite position with the Auto Cuan Robot)
  8. No VPS : Easy to use without the need for VPS installation to do copy trading to social trading
  9. Automatic updates : Conduct detailed and periodic research or analysis to monitor robot movements by Auto Cuan management

How? Are you interested in using the best forex indicator, FXBot 99 on Telegram GIC? You can first join the GICTrade group on Telegram and start using FXBot 99. Also trade on GICTrade using an ECN account to enjoy trading with low spreads starting from zero!