Best Forex Robot (MT4 EA) Comparison For 2017/2018
This performance table is a list of some of the best forex robots (otherwise known as forex expert advisors) on the market. It compares their performance over a month to month and year to year basis so you can see which robots are performing well recently and which aren’t. This should give you a great indication of which forex robots to avoid, and which ones to consider. A top forex EA is not only based on how much money it can make, but consistency, history, and support. What good is an EA if you can’t get any support for it and the vendor only has a couple weeks worth of history?
There is no best forex robot, just ones that are better than others at certain things. One of the better and consistent performing forex robots on this list is Forex Flex EA. Its oldest account is over 2 years old and has turned $3000 into over $350,000 in that time. Read our review of it to find out more.
Please go over all the data and decide for yourself what the best forex trading robots are. Most of the top expert advisors listed here actually work, but be sure to read the reviews and comments on any that you may consider buying!
|Name||Warning||Gain||Monthly||Daily||Days||Drawdown||Trades Per Day||Profit Factor||Rating||Chart|
|Flex EA Default Acct4||+14540%||8.45%||0.27%||1868||32.29%||0.57||2.19|
|Forex Growth Bot|
Over 94% drawdown, can blow your entire account!
Martingale with no SL riskier than the results make it look
|FlexEA - Default + TDI + TDI Slope||+166%||6.25%||0.20%||501||29.54%||0.21||3.06|
|WallStreet Forex Robot|
Scalper, need a VERY good broker to be profitable
|FAP Turbo 2|
Scalper no longer profitable
Martingale with no SL
|FX Diamond EA||--99%||-84.50%||-0.43%||1175||99.39%||0.24||0.42|
Martingale with no SL
Martingale using a 4x multiplier, very risky!
|Flex EA RSi Scalper||--99%||-96.27%||-9.25%||200||99.80%||0.63||0.82|
Table Headers Explained
Name: The name of the forex robot
Profit: The percentage of profit that has been made on top of the original deposit
Daily%: The percentage of profit divided by the number of days the robot has been running
Pips: The total number of pips this forex robot as accrued
Balance: The current total balance in $ of the account
Drawdown: The highest drawdown the forex robot has ever had at any given time
Profit Factor: How profitable this expert advisor is. The higher the number, the more profit it can make in a short amount of time
Age: How many days the account has run since the initial deposit
Deposit: How much money was originally deposited
Equity Curve: A curve showing the expert advisors account balance growth over its lifetime. This is clickable and will bring you to the accounts myfxbook page
Other common keywords: Scalper/Scalping = A forex scalping robot is one that tries to get in and out of the market as quickly as possible with very small profits. The most common scalping ea’s you see today looking to scalp 2-5 pips of profit, but then have a 20 to 50 and sometimes even 100+ pip stop loss. They become very deceiving where you go on long winning streaks and then one day one loss comes a long and wipes away all your real profit. This is not a sustainable forex trading approach. You must also be careful with vendors that show scalping robots with performance on a demo account, they perform 100x better on demo than they do on live accounts. This is because real money accounts have higher variable spreads, swaps, commissions, off quotes, liquidity issues and many many more variables that can eat into those small profits.
Live account = A live forex account is referred to as a real money trading account where you earn real profit.
Demo account = A demo account is referred to as a play money account (fake money). Market conditions are always much more favorable on demo accounts than real accounts.
Expert Advisor (EA) and a forex robot are the same thing, just different describing names.
The data of each forex expert advisor is updated every 5 minutes, every trading day. All the data is aggregated straight from myfxbook and therefore cannot be changed or manipulated in anyway.
If there is an fx robot you think should be added to this table, please leave a comment below requesting the robot you wish to see added. As always, feel free to comment.
Requirements: In order to use any of these forex trading robots, you will need an account at a forex broker that supports the Metatrader 4 platform. Check our list of the top MT4 brokers ranked from best to worst based on user ratings. Another thing to consider which is not a requirement but will definitely make your life easier is using a forex vps.
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