Forex robots or Expert
Advisors (EA) are the applications that automatically open and close
the trades on the Forex market. The trading using forex robots is
called automated trading and it can be very profitable.
Automated trading is very
suitable for those who want to participate in the Forex market, but
do not have the time to dedicate themselves fully to the trading. It
useful for those traders who have the problem with emotions,
concentration and with the ability to follow a previously set strategy.
Also, the traders who can't achieve better result manually would
consider the Expert Advisors.
For automated trading, you
need a computer with a good Internet connection and MetaTrader 4
platform installed. You will need a Forex broker that is providing
Metatrader 4 as a trading platform and that is allowing trading with
EAs. Finally, you need an Expert Advisor installed.
So, which EA to chose? The
offer on the Internet is huge. Unfortunately, lots of them are scams.
Either they are not profitable or they ask for an unlimited amount of
money. Well, I have selected two that are profitable and guarantee a quick return of investment.
- Forex Growth Bot
- Trading pairs: EURUSD on 15-minute time-frame
- Average weekly gain: 2.63%
- Min. deposit: $250
- Independent test results #1: Link
- Independent test results #2: Link
- Order website
- Million Dollar Pips
- Trading pairs: EURUSD on 1-minute time-frame
- Average weekly gain: 4.62%
- Min. deposit: $1000
- Independent test results #1: Link
- Independent test results #2: Link
- Order website
Finally, when you get the
Expert Advisor, firstly I strongly advise reading the manual first
and get familiar with the entry parameters. Secondly, test your EA on a
demo account for 1 to 3 months before you start using it on a live
account.
