After sifting through hundreds of different forex robots, our team picked out 5 of the most promising options. Each of these robots have steady profit stats, easy-to-use features, customer support, an effective stop/loss system that protects your investment, and overall stable currency trading. There are many EA available in the market today. However, only a few of them do provide successful trading results. Thus, if you decide to trade using EAs, consider our list of the best forex robots. We wish you good luck and profitable trading.
#1: TechBerry
Techberry offers members exciting opportunities to get the most out of objective data-driven market analysis built on AI. Importantly, it provides traders with a tried and tested method for automated social trading. The platform’s approach to social trading has raised the bar in the market and is likely to continue being a market leader. This is also because it caters to both new and experienced traders.
Highlights
- Individuals and traders alike reap the benefits of low-effort trading
- It offers multiple options on how to join
- The availability of insurance offers a safety net in the event of losses
- It boasts of recognition by more than 50 reputable brokerage firms
- It has proven capable of generating an average monthly profit of 11.2% since 2015
Drawbacks
- Currently, TB can only integrate with MT4 and MT5
- TB has stringent standards which traders must meet to be allowed to submit their account details
| Verified Live Account Statistics | |
|---|---|
| Deposit | $100000 |
| Balance | $355240 |
| Gain | +355.2% |
| Monthly | +15.8% |
| Daily | +0.52% |
| Drawdown | 0.89% |
| Chart |  |
#2: Happy Forex
Happy Forex has developed ten algorithms for traders, all available for €299/2 and €499/5 live portfolios. The purchase comes with a complete user guide, free lifetime updates, and 24/7 support from the developers. Happy Indicators Pro and Happy Gold MT 5 are included as a bonus with the offer. Most algorithms use averaging and martingale with news and spread filters to avoid uncertain market conditions. Live and backtesting records are public for some of the EAs for performance analysis.
Highlights
- 10 profitable EAs in one pack
- 30-days money-back guarantee
- Free updates and support
- Easy installation with executable file
- An online blog is available to enhance your trading knowledge
- Each EA has its own strategy allowing you to diversify your trading
Drawbacks
- Backtesting records are not available for some EAs
- A few robots use grid and martingale
- Payment can only be made via Paypal
| Verified Live Account Statistics | |
|---|---|
| Deposit | $2500 |
| Balance | $3508 |
| Gain | +61.54% |
| Monthly | +4.52% |
| Daily | +0.15% |
| Drawdown | 18.21% |
| Chart |  |
#3: DynaScalp
DynaScalp is an automated expert advisor that uses a night scalping strategy on multiple currency pairs. The algorithm primarily trades towards the end of the New York session into the beginning of Asia. It uses proper risk management, employing a stop loss and take profit with each trade. Extensive backtesting records are available on the website with live stats. Traders can purchase it for an asking price of $247/year and $397/lifetime.
Highlights
- It comes with the best settings and free updates
- Follows proper risk management with each trade
- It uses a news filter
- Backtesting report generated by quant analyzer
Drawbacks
- It can use averaging strategies
- Works on specific brokers with low spreads
| Verified Live Account Statistics | |
|---|---|
| Deposit | A$1325 |
| Balance | A$2541 |
| Gain | +884.36% |
| Monthly | +11.17% |
| Daily | +0.34% |
| Drawdown | 17.31% |
| Chart |  |
#4: FXAdept
FXAdept is a Forex system designed to help traders by providing them with stable monthly profit. The developers of this EA claim that FXAdept “works without Martingale”. This is one of the most advanced USDJPY EA available to the public. This software is special because it uses sophisticated neural programming that allows the software to learn the past data and adapt itself to the new one. This fully automated software trades in the MetaTrader 4 Forex trading platform on the popular USD/JPY currency pair with the minimum deposit of $100.
Highlights
- Works well on any broker
- The minimum deposit is only $100
- Does not use martingale or grid strategy
- 30 days money-back guarantee
- 24/7 support
Drawbacks
- The myfxbook results show high drawdown
- About 46% of total trades incurred loss
- The monthly gain is far from promised 30%
- The developers keep the open trades private
| Verified Live Account Statistics | |
|---|---|
| Deposit | $1000 |
| Balance | $4037 |
| Gain | +303.79% |
| Monthly | +4.44% |
| Daily | +0.14% |
| Drawdown | 37.23% |
| Chart |  |
#5: Forex Real Profit EA
Forex Real Profit Expert Advisor is a fully automated trading software, designed to work on the Metatrader 4 platform on the popular EUR/USD and GBP/USD currency pairs. The developers of this trading tool claim that FRP EA “operates automatically without the need of any human intervention”. It does not require a big deposit to start trading with this EA. The software used 6 different trading strategies: 2 scalping strategies during the Asian session, 2 more strategies for all sessions, and 2 breakout strategies during all sessions as well.
Highlights
- Can work with any ECN broker
- Has a dynamic stop loss and take profit
- Protection from a large spread and slippage
- Uses 6 different trading strategies
Drawbacks
- Small daily gain
- Latest trading results not so impressive
| Verified Live Account Statistics | |
|---|---|
| Deposit | $1789 |
| Balance | $2373 |
| Gain | +433.22% |
| Monthly | +1.96% |
| Daily | +0.06% |
| Drawdown | 8.12% |
| Chart |  |
#6: FXSecret Immortal
This Forex expert advisor uses 3 different trading strategies while focusing on high profitability and drawdown control to ensure traders win the majority of their trades with limited risk. Their clients can choose between the multiple strategies they want to use at any time. Then, the software automatically calculates lot size, set risks, and lot size on the settings selected by the user. Unfortunately, we have found that although the program showed impressive results in the past, it went the wrong way in the present.
Highlights
- 3 trading strategies
- History in the market
Drawbacks
- High drawdown
- High price
- Low win rate
- No money-back-guarantee provided
- No free updates
| Verified Live Account Statistics | |
|---|---|
| Deposit | $1863 |
| Balance | $50154 |
| Gain | +9154.48% |
| Monthly | +5.36% |
| Daily | +0.17% |
| Drawdown | 65.84% |
| Chart |  |
HOW WE RATE THE BEST FOREX ROBOTS
AI integration across trading software has led forex robots to gain considerable traction. With more and more traders jumping on the bandwagon each day, it has become clear that automated trading isn’t going anywhere for a long time. This recent surge in popularity is due to the software ability to trade independently, deriving from a predetermined set of algorithmic instructions. Thereby providing traders with more spare time – a luxury that forex investors are barely familiar with.
Because the market has become saturated with numerous EAs, it is all the more important for traders to choose the right one. Naturally, forex robots do not come cheap. Professionals need to gauge grid trading strategy and features, among other things, if they are satisfied with their purchase.
At Forex EA Top, we review the best robots on the market with real-time testing modules to measure actual versus claimed trading performance. Our ranking system is rock solid, and our experts have conducted extensive research to help you make the right decision.
We rate robots based on several metrics to ensure those accurate statistics back our recommendations.
Profit factor
This metric is the most crucial one on this list. Why? Well, because traders are in the game for profit in the first place, and a robot is as good as useless if it can’t multiply investments. Therefore, the higher the profit factor, the more chances of it getting positive reviews.
If a forex robot has more winning trades than losses, its profit factor automatically sets above one. Then, what matters is how much it deviates in the upward trajectory. Hence, if the robot’s average profits are twice its losses, it’s worth your consideration.
Drawdown
Risk is inherent in trading, so it makes perfect sense when investors look for an EA that shields their money from some of it. Thus, an EA’s drawdown directly determines its risk factor. In that, the higher this figure, the riskier the bot.
User reviews
Yes, robot providers can pay to get fake reviews. Still, when you look at user-generated ratings in relevance to other factors, it becomes easy to decipher how authentic they actually are. Verily, the opinion of professional traders is crucial to evaluating the integrity of an EA.
Account size
Ideally, all accounts registered with a robot should experience some form of steady growth. It isn’t to say that the investment should triple its size within a week because that’s hardly ever possible, but results should be visibly present. Stagnant account averages are a huge red flag and merit immediate disqualification.
Customer support
Dealing with an AI system can get confusing; even professional traders sometimes experience roadblocks. Simultaneously, trading is a serious business, and when the software stops working, things can get pretty stressful. Unfortunately, this variable rarely has priority when it comes to making a selection. We believe that having access to 24/7 customer support is an indispensable advantage. Therefore, our rating system takes into account help desk availability as well.
