We are living in the age of technology. Things are changing fast with the improvement and advancement of technology. Today, forex trading robots and automated trading platforms are gaining immense popularity all over the world. Forex robots with their ability to reap huge profits for traders are quite popular among those who have a keen interest in forex trading. Beginners often search for top forex robot reviews to know more about robots, which can help them earn quick money.
Forex trading has changed a lot with the introduction of Forex trading robots. Today, there are hundreds of forex robots, but remember all of them cannot be trusted. You need to understand these specific Forex trading robots better to know how they work, understand how they can help to make profits, and the associated risks.
Thus, traders, especially novices need to do a brief comparison of the top robots of the present times.
So, what is a forex trading robot?
To put it simply, a Forex trading robot is a software created and developed within the MetaTrader platform that helps with Forex trading automation. With the help of these robots, you can make better and the right trading decisions. It helps you choose where to invest and which currency you should go for. You can also know about the investment timings including the Intraday trading and other forms of trading.
Why Should You Use Forex Robots for Trading?
There are many reasons why traders prefer using Forex trading robots. Some of these reasons are:
- Constant trading: Trading robots are not humans; they are machines. So, they never pause or stop. You can trade 24 hours at your convenience.
- Set rules: Trading robots stick to the strategy they are designed for; so, they are consistent in their operation. Unlike humans, they do not think but follow the rules without fail.
- Time-saving: Forex trading robots can work faster than us. While they are working on trading or pinpointing forex signals, we can take a break to focus on our daily routine.
Best Forex Robots for 2020
If you are looking for the best robots that can help you in forex trading this year, then here is a list for you:
ROFX Robot
Developed by the ROFX team, ROFX is a well-known forex trading robot application that focuses on using artificial intelligence in its programming. It has received several positive feedback from the international trading community for its easy to use interface and versatile payment methods. A standout feature of this robot is the VIP PAMM package which provides traders with complete control over their accounts and assets, with the broker of their choice. It accepts payments in Bitcoin, EUR, USD and domestic ACH (only for US users). Its customer care team has also received positive feedback from its vast community of users. There are several positive ROFX reviews available online in authoritative sites. Taking a look at them can help traders sure up their mind about this product.
WallStreet Forex Robot 2.0 Evolution
Tested on live real-money accounts before release, WallStreet Forex Robot 2.0 Evolution is an EA that offers automated trading. It operates with any MT4 broker and NFA regulated broker and comes with five intelligent built-in protection system. The EA offers features like:
- Broker spy module
- Profit protection system
- Broker protection system
- High-spread protection system
- High-slippage protection system
- Advanced money management
- Email/mobile push notifications and 24/7 support
- Time management system
- MICRO, mini and standard trades
- 4 and 5 digits operation after the decimal point
Forex Megadroid
The team of Forex Megadroid claims that it can offer trade with 95.82% accuracy in any market condition and quadrable each deposited dollar.
This EA is made with a profitable robot design that has features like:
- Visually learning and analysing the behaviour of the market.
- Integration of long-term experience and strategy.
- Computer programming for the perfection of strategy.
According to the official site of the robot, since its launch in 2009, Forex Megadroid has taken the initial deposit gains from 340.33% to 15,408.37% which speaks a lot about its capability.
Volatility Factor 2.0
Volatility Factor 2.0 is made to deliver profits with a balanced strategy. According to the market condition, the right strategy is implemented with a different approach. You need to make the right choice based on your trading style. This EA has many features like:
- Volatility technology
- Broker spy module
- Support to 4 currency pairs
- Built-in trading strategies
- Advanced money management systems
- High trading activity
- 3 intelligent built-in protection system
- High-impact news filter
- MICRO, mini and standard trading
- Operation of 4 and 5 digits after decimal point
- Operating with any MT4 broker including ECN and NFA-regulated broker
Forex Diamond
Forex Diamond is the next level Forex trading robot compatible with MetaTrader 4 and 5. The developers have infused “Diversified Strategy” into this EA that uses tested strategies to select the best one.
Features of this EA promised by the developers include:
- 3 independent trading systems
- Dynamic trading logic
- Self-updating algorithm
- High trading frequency
- 40+ recovery factor
- Affordable dynamically calculated stop loss & gain profit
- Less requirement of optimization compared to other robots
- High slippage protection
- High spread protection
- Profit protection system
Forex Auto Millions
Another automated Forex robot is Forex Auto Millions. You can visit the official website to view its backtesting performance over historical data in the MT4 strategy tester. This Forex robot trades by using MetaTrader 4 automatically. You only need the MetaTrader 4 and an internet connection to run this robot. After purchasing it and setting it up, it is ready to run.
These are the top Forex robots in 2020. However, you need do a thorough research and go through the Forex robot reviews cautiously to make the final choice.
