• Welcome to your Forex Forum - share your currency trading strategies, news & tips!
    Sign up Log in

What Is The Best Ea Robot?

Alice

New member
Traders sometimes tend to misread forex signals when trading, either because of lack of knowledge or due to intense emotions during trading. There are quite a few things that can make traders misunderstand forex signals. This includes - the desire for huge profits, the fear of making mistakes, the intense pressure from the competition, the confusion of what to trade on, etc. The decisions you then take may be bad for your trade.

This is where EA Robots come in.

What are EA robots?

Expert Advisors (EA) robots are a state-of-the-art computer program which are designed to automate forex trading. They are operational 24/7, 365/6 days of the year. They can be used to do the trades for you when you are busy and not able to do so.

EA robots are one of the best tools to use when you:
  • Don’t have sufficient experience in forex trading and need to ease into the trading process.
  • Don’t have time to trade as regularly as you wished and could use external support.
  • Tend to get overwhelmed by manual trading and make mistakes in reading forex signals.
When using EA robots, you need to define the parameters of your trading strategy. This includes inputting details like:
  • Data source
  • Symbols
  • Periods
  • Entry lots
  • Stop loss
  • Maximum & minimum pips
  • Working minutes
….etc.

The EA robots use your inputs as the foundation for their operations. They use AI algorithms to track market volatility and forex signals, automatically triggering trades when the market conditions meet your bespoke specifications.

The top 10 best EA robots for tracking forex signals and trading

In no particular order, the 10 best EZ robots for forex signals tracking and trading are:

1. Armor

Armor is an EA robot built for MetaTrader 4. It comes in two versions. The first version uses the Double OsMA and price forex signals to track market performance. The second version uses the martingale, grid and hedging strategies to track market trends.

2. Combo

The Combo is a really robust EA robot that has a reputation for being one of the best in the market. The latest version 4.0 of the EA is particularly effective. This EA robot supports the following pairs - GBPUSD and EURGBP.

3. Forex Diamond

Forex Diamond is an EA robot that is chockful of features. This EA offers a high trading frequency, supported by dynamic trading logic. The self-updating algorithm tracks market volatility carefully, making your trades more secure. This EA robot also comes with a profit protection system and high slippage protection.

4. Forex Flex EA

One of the most cutting-edge forex EA robots, Forex Flex EA, supports virtual trades. It is FIFO and NFA compatible. This EA benefits from automatic updates, which make it more robust and aligned to the market’s current challenges. You can see live trading results on Forex Flex EA, while simultaneously making trades on any currency pairs.

5. Forex Gump

Just like Forrest Gump was unusually financially savvy, so too is Forex Gump. The EA comes with three distinct trading settings – High, Middle & Low – perfect for traders of all temperaments and risk-bearing capacities. Forex Gump supports micro-cent accounts, where you can trade with as little as $40 too. Unlike other EA robots, Forex Gump is not sold on the MQL5 Market and must be purchased through their dedicated website.

6. Forex Robotron

A reputed EA robot, Forex Robotron is designed to quickly monitor forex signals and predict market trends. It is compatible with the MetaTrader 4 platform. It offers unlimited demo licenses, free lifetime updates and lifetime customer support services. Traders have found that Forex Robotron is ideal for trades with low commissions and low spreads. There is also a profit and loss feature that will automatically trigger trading actions to limit your losses and maximize your gains.

7. GPS Forex Robot

The GPS Forex Robot is an EA that is better suited for traders who have some experience in forex trading. It is an EA robot with a very high success rate. The EA supports multiple currency pairs and is extremely seamless to use. The customer service here is one of the best of all EA robots in the market, making it a safe choice for trading.

8. Itic Software

Itic software is a state-of-the-art forex trading software that can easily track forex signals, establish trading positions, analyze trends and make profitable trades. Itic software constantly undergoes rigorous testing by professional traders, and updates come quickly, ensuring users have the best trading experience. This EA robot uses a unique and specialized mathematical algorithm to trade on your behalf, making it very effective.

9. Miner EA V3.0

The Miner EA V3.0 robot uses trend indicators to measure market performance and track forex signals. This EA offers support for GBPJPY, GBPUSD, USDJPY and EURUSD pairs, amongst others. This EA robot has been designed to drive 4-5% daily returns, ensuring you never go home empty-handed.

10. 5 Pips a Day

This EA robot does exactly what its name suggests – target 5 pips every day. It has been designed for the MetaTrader 4 platform EURUSD 5-minute chart. The customer service on this EA robot is really amazing. Plus, they also offer a no-questions-asked 100% 60-day money-back guarantee if you don’t want to use this EA anymore.

Wrapping up


EA robots can make your forex trading significantly easier and less stressful. Purchase any of the above EA robots we’ve mentioned above and you’ll see how easy it is to track and interpret forex signals perfectly from now on.
 
Top