Forex robots are automated software programs designed to perform trades for traders on their behalf. Based on pre-set rules, they can easily be installed onto an MT4 trading platform without the need for advanced programming knowledge or human intervention. Such robots help reduce emotional or irrational decisions which might arise during human trading decisions.
One of the most acclaimed EAs, Forex Fury has been developed for eight years and boasts live verified Myfxbook trading accounts. This fully automated trading system was created to open and close trades automatically at optimal times – complete with automatic trade logging, unique Magic Number, free updates and simple installation – no complicated settings or configuration required!
Evolution, an award-winning Forex robot developed for over a decade, features three strategies designed to maximize profits. Its most recent version offers stealth mode and news flow filter capabilities and can work simultaneously on up to five currency pairs at the same time with both floating and fixed spreads for optimal slippage avoidance.
Forex Copier stands apart from other automated trading systems by not requiring professional programmer expertise to write code that replicates trades made by profitable MT4 traders, making it ideal for people who have found quality EAs or traders but lack time or desire to create their own systems. Furthermore, the program can run across multiple MT4 accounts simultaneously allowing trades opened on one chart window to appear instantly across them all.
Forex Robot Factory provides an alternative to custom indicators and expert advisors by enabling a user to build robots using simple trading criteria. Once created, this software tool automatically generates an EA that backtests itself for profitability; thereafter it allows for adjustments until rules meet user needs.
One advantage of this tool is its ability to import existing MT4 EAs and scripts, saving both time and money and making trading immediately easier. Furthermore, it enables users to copy other traders’ trading history for analysis and tracking performance analysis. Furthermore, its API allows it to connect to third-party systems, making integration easy between Mt4 Broker/cTrader platforms as well as social media.