The Best Forex Robots in 2020:

Since Forex had a tremendous evolution over the last 10 years,  and with this market also the trading software, known as Forex Robots or Expert Advisors, I have decided to draw up a list of the best Forex robots I have and use.

On the contrary to the Binary Options market, where the robots never had success, in the Forex Market, there are numerous examples of good Forex Robots / Expert Advisors.

There are thousands of robots and every day new ones appear.

However, the problem with many of the robots is that they have never been tested on a real account simply because whoever sells or leases them is just looking for a way to make money from the sale and does not offer something that really works.

This problem is the same in Forex robots as in Binary Options robots or for other financial markets.

Making a robot work requires an investment from those who develop it.

It takes knowledge, time and then using it for months in real accounts. This testing phase in real accounts means loss of money. Until a robot is tuned to work, sometimes more than 10 updates are needed. And in every update, there is been money that has been lost in the meantime.

The problem with many of the existing robots is that 99% of the robot “manufacturers” do not do this. They develop the robot, do some back-testing and think the job is done.

They do not want to invest neither time nor money, they want to make money at the expense of customers, not caring if the customer will make a profit or lose money with that robot.

Unfortunately, this is how 95% of Forex robots work, and for that reason, I consider that the majority are SCAMS.

Olymp Trade Robot

Olymp Trade is one of the companies that now have an MT4 platform and for that reason, accepts Forex Robots.
If you have a regular account with Olymp Trade, you will need to open a new account, since the regular platform and account, does not communicate with the new one, MT4 belongs to Metaquotes, and external company.

OPEN HERE A NEW MT4 ACCOUNT AT OLYMP TRADE

The Best Forex Robots – The List

This list was developed by me and is based on robots that I use in real accounts. Many Forex robots on back-tests or demo accounts promise fabulous results but then in practice, they do not offer consistent results or just don’t work.

For this reason, the list of the best Forex robots will have a real account using each robot, where you can check the results of the robot in this account.

This way you can be sure that the published data of the best Forex robots is true.

My opinion is personal. I am not advising you to use it or not to use it.

I write my opinion based on my personal experience because that’s what I can talk about.

I don’t want the reader to think that I want you to use these robots or that I advise their use.

I’m just reporting personal experiences.

Some of these robots are available on websites, brokers, etc.

Some are free, some have licenses, others can be sold or used only in specific brokers.

The list below of the best forex robots, whenever possible, will have an account (Real or Demo) with a link to allow the reader to follow the account.

Sometimes we will try to give access to the account via the MT4 application, or link to MQL5, MyFxBook or FxBlue which are sites where they allow the publication and verification of demo or real accounts and thus make their results public for consultation.

Some of these sites even have a way to copy the robot trades into private accounts.

Check the conditions, because they can vary a lot, either in the way the copy is made, or the prices or conditions.

best forex robots
best forex robots

Best Forex Robots – 1st Place

This robot has an interesting history. I met a guy who used a system very similar to this one 2 or 3 years ago. At the time on a social trading platform, where I had an account.

Below check the table that explains everything you need to know about this Forex Robot

Name of the RobotHit and Run
PlatformMeta Trader 4
Robot’s StrategyThis robot uses a breakout strategy, based on trends and disruptions. It also uses some complementary indicators such as stochastic, SAR, Moving Averages, etc.
Security Systems of the RobotIt can be used with SL or without Stop Loss, depending on how it is configured. With SL less profit, less risk.
Suggested Minimum DepositUS $ 1000. Being a robot that opens many operations and therefore needs a margin, it is prudent to have an account with good leeway.
Average Monthly Profits (%)The average varies between 10% to 15% per month.
This amount is already discounted from broker fees.
Maximum Loss  (%)Up to 100% of the account balance.
For accounts above 5,000 USD, the maximum loss can and should be placed at 50%, unless an anomalous situation exists in the market or the broker.
Used AssetsThe main Forex Pairs.
For accounts under 2000 USD, it usually opens only 1 to 2 currency pairs.
For larger accounts, you can operate with up to 9 pairs simultaneously.
Advantages of this RobotOperates 100% automatically and 24 hours a day.
You can follow all operations 24 hours a day in a free Android or iOS application.
The robot is installed on the customer’s computer or notebook so everything is under your control and security.
Disadvantages of this RobotIn small accounts, it can only operate with 1 pair. Therefore, profit and risk are dependent on how this pair behaves.
When the market is with indefinite trend or very quiet that is when the robot wins less.
Robot Cost FREE. ROBOT LINK

His account that I followed had been doing very good results for a long time, and the accumulated profits that the account showed were really good.

At the time I decided to follow the account. However I was unlucky because my account was small and when the market made a sudden change I had an exposure above 40% and then I thought it was better to leave.

I never knew if his account recovered because it had a higher value.

However, while the robot worked I really liked his strategy idea.

4xcube
4xcube

Best Forex Robots – 2nd Place

Below check the table that explains everything you need to know about this Forex Robot

Robot NameImmortality
PlataformMeta Trader 4
Robot's StrategyThis robot uses a technical analysis strategy with unique operations on each asset.
Security Systems of the RobotUse of Individual Stop Loss and Individual Take Profit.
Suggested Minimum Deposit
500 USD.
Average Monthly Profits (Percentagem)The average varies between 3% and 7% per month.
This value is already discounted the broker commissions and fees.
Maximum Loss Value (Percentage)Up to 100% of the account balance.
For accounts over 1,000 USD or EURO the maximum loss is 50%, except for abnormal market or brokerage situations.
Used AssetsEURUSD, AUDUSD, AUDJPY, EURJPY, USDJPY
Advantages of this RobotIt operates 100% automatically and 24 hours a day.
Diversification of the investment portfolio.
You can follow 24 hours a day all the operations in real-time in a free Android or iOS Application.
The robot is installed on the client's computer or notebook so everything is under their control and security.
Disadvantages of this RobotThe profit potential is lower, although working with single orders offers less risk and you get paid.
Robot Cost 68 USD - ROBOT LINK
xtb forex banner EN
xtb forex banner EN

Best Forex Robots – 3rd Place

This robot I have no account to show now, as I am using the other two, and I end up not having time to test or use everyone I meet.

However it has had some interesting results, but as I explain below it works best when the market has a long trend, when it does not end up not having great results.

Below check the table that explains everything you need to know about this Forex Robot

Robot NameS/Z Scalper
PlataformMeta Trader 4
Robot's StrategyThis robot uses a strategy of technical analysis, based on an upward trend.
It uses supports and resistances.
It opens only buy positions.
Security Systems of the RobotGeneral Stop Loss and Individual Take Profit.
Suggested Minimum Deposit
2,000 USD, or 200 USD in the case of a Cents account.
Average Monthly Profits (Percentagem)It depends on the amount of the account, but the average varies between 5% and 10% per month.
This amount is already discounted brokerage fees and fees.
Maximum Loss Value (Percentage)Up to 100% in small accounts.
Used AssetsEURUSD, GBPUSD, USDCAD, USDJPY, USDCHF, NZDUSD.
Advantages of this RobotIt operates 100% automatically and 24 hours a day.
You can follow all operations 24 hours a day in real-time in a free Android or iOS Application.
The robot is installed on the client's computer or notebook so everything is under your control and security.
Disadvantages of this RobotWhen the market drops, knowing that it only places buy orders will increase losses, so it is important to have a good Stop Loss.
Robot CostFREE. ROBOT LINK
Brokers where you can use ROBOT
xtb forex banner EN
xtb forex banner EN

Best Forex Robots: Advice

– Keep in mind that past performance does not guarantee future performance.

– Investing in Forex, as in any financial market, always entails risks. Even the best Forex robots, Forex signals or any system that has an excellent track record, may fail to achieve the results it previously achieved.

– The market sometimes changes and has phases and however good your system is, there will always be phases where the results will not be good.

– The more profits a robot offers on average, the more risk it has of loss, and the more likely it is to lose.

– Even the best Forex robots lose at certain times. There are no perfect and infallible systems that always win.

– A higher account balance and more variety of assets traded in the account result in a lower risk of large losses.

– Some of the best Forex robots or expert advisors are only available with higher values. Accounts above 10,000 USD, to be able to offer the security that many seek. They need a large margin to withstand the times of high market volatility. However, it is common that their profits are smaller, between 1% and 3%. But well, safety and profit never go hand in hand. For greater security, lower profits.

Never forget the basic rule of investments: everyone, but all investments have risks. And the past results, are not an example of results for the future, because what a system did yesterday, or last month or last year, is no guarantee that it will make equal results in the future.
So, always be careful.

If you enjoyed the best Forex robots, and the advice, please don’t forget to share. Thanks.

The list of the best forex robots is only informative about some systems I know or have tested, it does not serve as advice. Always test on demo accounts before using on real accounts.

References and further information about Best Forex Robots:

Metaquotes ( MT4 platform owners)

– Forex (Wikpédia)

– What is a Forex Robot? (The Balance – By John Russell)

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