Top Forex Expert Advisors

by Forex EA Top Team

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: ROFX

In 2009 team of experienced traders and software developers designed RoFX robot. This EA helps traders by providing them with emotion free positions and stable profit. Since 2010, the robot has been showing only positive trading dynamics. The developers offer “loss coverage” as their premium exclusive feature. They do not make users buy the software. Instead, RoFX shows real and successful verified trading results on myfxbook to prove the effectiveness and profitability of the software. This expert advisor has many excellent features that make it a good choice not only for experienced traders but for newbies too.

Highlights
  • Fully automated trading system
  • Great trading strategy
  • High level of stable profit
  • Stop-loss system
  • 24/7 support
Drawbacks
  • Minimum deposit starting from $1000

 

 

Verified Live Account Statistics
Deposit$10000000
Balance$123284351
Gain+1132.84%
Monthly+8.03%
Daily+0.26%
Drawdown0.35%
Chartmyfxbook chart

#2: 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%
Drawdown37.23%
Chartmyfxbook chart

#3: 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%
Drawdown8.12%
Chartmyfxbook chart

#4: FX Ekspert

FX Ekspert is automated trading software, which works on the MetaTrader 4 platform and places trades for you. This EA works with AUD/CHF, AUD/JPY, AUD/NZD, EUR/CAD, EUR/CHF, EUR/GBP, NZD/CAD, NZD/CHF, USD/CAD currency pairs. FX Ekspert provides verified myfxbook trading results on their official website. The account was registered on February 09, 2020. Since that time, it has been showing a 159.48% gain.

Highlights
  • Impressive gains
  • EA does not trade during risky months
  • Users can try the software on demo accounts
Drawbacks
  • High drawdown
  • No information about support and updates
  • Statistics update stopped

 

 

Verified Account Statistics
Deposit$13245
Balance$21425
Gain+159.48%
Monthly+22.09%
Daily+0.64%
Drawdown55.21%
Chartmyfxbook chart

#5: 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%
Drawdown65.84%
Chartmyfxbook 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.