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What is a Forex Trading Robot?
There are various forex strategies and forex systems available and all types of trading also have different methods. Here are the best trading robot recommendations for you to know. A forex trading robot is a computer program that consists of a set of forex signals that can help you determine whether to sell or buy a particular foreign currency. Trading robots are available 24/7 every day for traders, and can be purchased over the internet. It is important to understand that in the world of trading there is no such thing as a “holy grail”. There is no autopilot trading robot that you can spin, leave to sleep, and then make instant profits.
8 Best Trading Robots (Paid and Free)
In the forex world, of course, you need a trading robot to make your needs easier. However, finding the best trading robot is not an easy thing. We provide recommendations for you to choose the best robot for forex trading 2022. Of course, this forex trading robot has been well tested and received many recommendations from traders who use it. Here are 8 Recommendations for the Best Trading Robots for you.1. GPS Forex Robot This first trading robot has gone through many developments to have a new application. This application is very popular among beginners and has been proven to generate a return of 300% in just 3 years! gps forex robot review has a good rating for beginner traders. For beginner traders, this robot has a success rate of at least 90%. Efficiently, this robot works quickly and effectively so that when used, the parameters will work optimally so as to minimize losses for traders.Get to Know What Forex Trading Robots Are and How to Use Them
2. Forex Fury
The next recommendation is Forex Fury. This EA was created 8 years ago and is the only forex robot system with a directly verified Myfxbook account. The advantages of using this trading robot are that there are free updates, setup files and ease of use of the application. The trading robot service was first introduced by Patrick Ryan who is also the owner of Forex Robot Nation who has been actively serving the community for 14 years. The Forex Fury system uses proprietary trader software to place trades strategically on MT4 or MT5 accounts. Traders have access to adjust various settings such as take profit, stop loss, news filters and much more. But of course there are terms and conditions for using this application. If you want to have lifetime membership access, you will be charged $ 299.99 (Rp4,684,504). This paid access gives traders more benefits such as access to software, guides, settings, and free lifetime updates.3. Coinrule
The next trading robot is Coinrule. Coinrule is web-based and works on several cryptocurrencies and supports some of the most widely used exchanges such as BitMex and Coinbase Pro. The advantages of Coinrule are that it can work with several cryptocurrency platforms, there is a free account option, and a user-friendly interface. However, as explained at the beginning, this trading robot is website-based and there is no mobile application available. Coinrule can be accessed for free with a beginner account starting at $ 29.99 or around Rp. 453,300. 4. Yellow Free The next best trading robot application comes from Yellow Free. This trading application was first introduced in September 2017 by Evgeniy Machok. This application is rated 4.08 by traders! Of course, you can also enjoy this application for free by simply downloading it via your smartphone. For those of you who are interested in using Yellow Free, this application also has a telegram group where the special group discusses the world of forex every day. Yellow Free claims that their application is included in a simple but still effective strategy. There are several features that you can enjoy through the free version, namely limited market entry numbers, can reduce the burden by deposits, higher margins, etc.This application is unique with other trading robot applications because the scalping operating time is very short, only taking seconds to minutes. Tops Scalper FV is very useful and is an idol for traders. Many parameters are available and can be changed such as lot size, risk percentage, minimizing losses, take profit, max spread and many more benefits that you can get if you use this trading robot.
6. Correlates EA Free
The next popular trading robot is Correlates EA Free. As the name implies, this trading robot can be used for free. This trading platform uses MetaTrader 4 by using the relationship between the EUR/USD and USD/CHF currency pairs. There are several provisions if you want to use this trading robot, this application has a minimum deposit of IDR 7,100,000 for lot 0.01. You don't need to worry, because there are parameters that can be changed by traders such as correlation period, lod size, etc.7. Signal T-200
This trading application uses an automated strategy based on range. This includes the high price and low price of each currency pair. This application is very suitable for use during productive times. This application is also popular and is available for free on the QuickPro application especially for those of you who are also FOREXimf customers!8. EA Forex Flex
The last best trading robot for you to use in 2022 or 2023 is EA Forex Flex. This trading robot has been verified by the innovative technology "Virtual Trades" which is useful in monitoring the market to help traders determine their own entry points, Flex will help you open and manage forex trading systems automatically! There are several features that you can enjoy in EA Forex such as money management features, MT4 & MT5 versions, FIFO, NFA, there is a special forum for forex members, and many other features. (H3) 3How to Choose the Best Robot Trading Application
To minimize losses, using trading robots cannot be done carelessly. Pay attention to the tips we will share this time. Here are the details for you.- Analyze daily changes in the forex market, this can help you in knowing the performance of the trading robot that you will choose.
- Test the performance of your forex robot, if maintenance occurs several times, it is normal in the world of trading robots. However, if you feel that the application you are using is not optimal, you can switch to another trading application.
- Make sure to use a safe application, it is very important to use a genuine trading robot, because to maintain security and minimize any fraud. The characteristic of a genuine trading robot is that it is in the form of an EA that can be used by all brokers.
