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.

And 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.

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 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, MyxfBook 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 RobotTrend Hunter
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 RobotThis robot can work with SL of any value. I use it without Stop Loss. The risk of loss is total, but daily profits have been greater.
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. (If used in the Broker 4xCube, you can subscribe to it with a minimum account of US $100. More info below).
Average Monthly Profits (%)The average varies between 10% to 15% per month.
This amount is already discounted from brokerage fees and 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.
If the customer is unable to have the robot on his computer or notebook, the brokerage where I have the real account offers the possibility to copy the robot strategy without the need for installation. The broker is this one: 4xCube
Disadvantages of this RobotIn small accounts, you can only operate with 1 pair. Therefore, profit and risk are dependent on how this pair behaves.
When the market has an undefined trend or is very still, that is when the robot earns less.
Robot Cost and ACTIVE PROMOTIONStUS $39 per month. Free up to the end of 2020, in the case of using the Broker: 4xCube

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.

Some time ago I met a robot with a similar strategy and that I managed to adapt and configure to do more or less the same thing.

I currently use this automatic system in two accounts, one real and one demo. If you want you can follow my demo account where I have the robot.

The demo account data remains, if you have the MT4 application on your cell phone or an MT4 installed on your computer, you can place and follow:

Server: 4xCube Demo
Login: 795336
Password: 4xCube12345+

To use the robot just have an account with 4xCube and subscribe to the strategy with the name of the Robot (Trend Hunter).

The subscription is made within the broker’s platform. The robot is free until the end of 2020.

You don’t have to install anything.

4xcube
4xcube

The 2 files below that you can download, show the results in a real account in June 2020.

Best Forex Robots – 2nd Place

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

Robot NameBreakOut
PlataformMeta Trader 4
Robot's StrategyThis robot uses a breakout strategy based on trends and disruptions. It also uses some complementary indicators such as stochastic.
Security Systems of the RobotThe Robot opens only one operation on each asset and always uses SL and TP.
Minimum Deposit
250 USD.
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)For accounts over USD 1,000 or EURO, the maximum loss is 50%, unless there are anomalous situations in the market or the brokerage house.
Used AssetsThe Majors Forex pairs.
For accounts under $ 500 it usually operates with only 1 or 2 assets.
For larger accounts, you can operate with up to 9 assets simultaneously.
Advantages of this RobotIt operates 100% automatically and 24 hours a day.
Diversification of our investments.
You can follow all real-time operations on a free Android or iOS app 24 hours a day.
Used brokers are all regulated.
The Robot can be installed on the broker server (know brokers that support this service).
Or it can be installed on the client's computer so everything is under your control and security.
The robot is sent by email along with the explanation of how to install (it's very simple).
Disadvantages of this RobotIn small accounts, you can only trade with 2 pairs, so either in terms of profits or risk is dependent on what this pair behaves. For this reason, you have months with low profits if the used pair has not had many oscillations.
On the contrary, in very volatile months you can gain a lot but also increase the level of risk.
Robot Cost and ACTIVE PROMOTIONSThe Robot is Free on certain brokers.
Brokers where you can use ROBOT
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 NameDaily Trend
PlataformMeta Trader 4
Robot's StrategyThis robot uses a technical analysis strategy, based on a trend. It uses several indicators: Stochastic and break points of supports and resistors and ADX.
It seeks to get in on the trends of the day and when the market is in a strong trend.
If the price reverses, it puts new operations by levels in the expectation that the asset will return to the previous trend or enough to close all operations, followed by the new trend.
Security Systems of the RobotGeneral Stop Loss and Individual Take Profit.
Minimum Deposit
250 USD.
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.
For accounts over USD 1,000 or EURO, the maximum loss is 50%, unless there are anomalous situations in the market.
Used AssetsThe Majors Forex pairs.
For accounts under $ 500 it usually operates with only 1 asset.
For larger accounts, you can operate with up to 4 assets simultaneously.
Advantages of this RobotIt operates 100% automatically and 24 hours a day.
Diversification of our investments.
You can follow all real-time operations on a free Android or iOS app 24 hours a day.
Used brokers are all regulated.
The Robot can be installed on the broker server (know brokers that support this service).
Or it can be installed on the client's computer so everything is under your control and security.
The robot is sent by email along with the explanation of how to install (it's very simple).
Disadvantages of this RobotIn small accounts, you can only trade with 1 pair, so either in terms of profits or risk is dependent on what this pair behaves. For this reason, you have months with low profits if the used pair has not had many oscillations.
On the contrary, in very volatile months you can gain a lot but also increase the level of risk.
Robot Cost and ACTIVE PROMOTIONSThe Robot is Free on sponsored brokers
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/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%.

– The robots on the list of best Forex robots can be used simultaneously in the same account. They just need enough money in the account. In this way, the account works both in trends and counter-trends. It provides greater security and lower percentages of losses. In addition, there is less likelihood of losses.

For any information about the Best Forex Robots, please use the web chat or check our CONTACTS.

References and further information about Forex Robots:

Metaquotes ( MT4 platform owners, 2019)

– Forex (Wikpédia, 2019)

– What is a Forex Robot? (The Balance – By John Russell, 2017)

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