The Best Forex Robots and How to Use Them to Maximize Trading - Bitrates

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The Best Forex Robots and How to Use Them to Maximize Trading - Bitrates

The Best Forex Robots and How to Use Them to Maximize Trading - Bitrates

Posted: 31 Jan 2020 02:50 AM PST

We look at some of the top Forex robots, the benefits they bring, and how to make use of them to maximize your trading potential.

The Forex market has always been a land of opportunities for many traders, who have earned fortunes over the years, utilizing a combination of technical know-how, experience, and patience. However, not all traders have the required experience and technical knowledge to be successful at first. Looking at the latest forex robot comparison and the top forex Robot reviews would help such traders. 

Forex Robots are automated trading platforms that are usually based on a set of forex trading signals. The system automatically determines whether to buy or sell a certain currency pair at any given point of time. They are designed to eliminate the limitations in trading posed by the influence of human emotions. 

By following a set rule, forex robots never divert from already set training rules. 

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There is a myriad of such forex robots available on the market, each claiming to provide the best chances of portability. This article aims at presenting some of the best profitable forex robots available at the moment.

  1. ROFX: ROFX is a well-known AI-driven forex robot that offers its users a seamless, easy to use, trading experience. ROFX packs several useful features into its product such as package flexibility and payment flexibility. It offers 6 different packages from which traders can choose according to their requirements. Payment options include Bitcoin, alongside EUR and USD and domestic ACH for US-based customers. 
  2. Everex: The Everex Elite Forex Robot has a good track record of extremely high-profit gains since 2013. They pride themselves in providing one of the most reliable automated trading system offering high profitability and low risk. It requires MetaTrader 4 to run and comes with a lifetime of free updates, dedicated support, and licenses for all trading accounts. It works with the EUR/USD and GBP/USD trading pair, and also provides a 60-day money-back guarantee scheme. 
  3. Universe Forex Robot:  Universe Forex Robot utilizes semi-scalping and generates an average win of around 5 pips. It has a very favorable 1:2 risk to reward ratio and a good win rate of more than 50%.  It can work in multiple market conditions with a trailing stop that manages all the trades. No martingale, grid or hedging strategies are used.  Backtests have a good 99% modeling quality which makes them trustworthy. 
  4. Delton Pro: Delton Pro is another fully automated trading system that produces an almost 89% win rate. It does not have any minimum trading account balance, and a simple $50 deposit can get one started. Delton Pro uses a strategy that is based on market psychology, price action Fibonacci levels and candlestick patterns, rather than on lagging indicators. It does not incorporate any risky martingale or hedging money management strategy. According to several authoritative sites, backtests show that it can turn a $100 deposit to almost $1,000,000 within a year, with only 0.01 fixed lots being used. 
  5. Forex Spectre: Forex Spectre is another Forex trading robot that focuses more on the EUR/USD pair. It has a close to 50% win rate according to several backtests provided. It works on the M5 time frame. According to the developers, they have already earned more than 3000% and works with only fixed lots. 
  6. PipBolt: PipBolt is a collection of forex robots which comes with a basic strategy based on a simple indicator. The list of strategies includes Stochastic Oscillator, RIS, Parabolic SAR, Moving Average Cross, etc. to name a few.  It is also compatible with Meta Trader 5. 

Advantages of Using Forex Robots

Forex Trading Robots help traders who lack thorough knowledge and understanding of the forex market, with an opportunity to earn big. There are several factors why it is advised to use forex robots for greater profitability. They include: 

  • Nonstop Trading: Automated trading robots can work on a 24/7 basis on behalf of the trader. The forex market is a 24/7 open market with numerous trading opportunities present. By using a robot, traders can be assured that the robot is conducting the analysis and executing trades on his/her behalf, based on some pre-determined trading rules.  
  • Time-Saving: The processing and execution power of robots is much greater than trading manually. It is capable of executing multiple trades in mere seconds, allowing traders the maximum trading opportunities to generate profits. 
  • Not deviating from Trading Rules: Automated trading robots for forex can trade according to established trading rules, not deviating from it for any external cause. 
  • Eliminates Human Emotions: The influence of human emotions such as greed and fear has affected traders' decisions in the past. Fear or greed can get in the way of entering and exiting a market at the right time, often suffering losses as a result. With automatic robots, this is largely eliminated as trades are executed depending on rules rather than human emotions. 

Conclusion

The right automated trading robot can provide traders with unparalleled profitability. However, choosing the wrong ones can result in significant bad investments without any returns. The above list is just some of the most profitable robots in the market. Traders can make their own decisions by conducting some additional research. There are several authoritative sites that offer detailed forex robot reviews to help traders make a better-informed decision. 

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.

The Top Forex Robots For 2020 -breakout year for successful Forex robots - KryptoMoney

Posted: 30 Jan 2020 06:55 AM PST

2019 has been a breakout year for successful Forex robots, as a multitude of traders has amassed fortunes using them.  As we enter in 2020, the demand for such automated trading software has increased. It's thus a good idea to take a look at top forex robot reviews, as it would help traders make better-informed decisions when it comes to selecting appropriate automated trading software. 

Forex Robots can be best described as automated trading software, executing trades on behalf of the trader, based on some predefined trading rules selected by the trader him/herself. It takes the help of trading signals and trading algorithms to complete this process. Forex Robots have always been preferred by traders for their profit potential. 

The following article aims to highlight five of the most profitable forex robots in existence today from reputed and legitimate developers.

1. ROFX.net:

Forex Robotron is a well-known forex robot that focuses more on providing a user-friendly experience. The platform is capable of conducting independent market research by analysing current events, predict their impact and make trade adjustments accordingly. Some of the useful features it has included a 24/7 dedicated support team, a user-friendly interface, and an auto-trading script. As noticed in the latest RoFX review it also accepts payment in various methods like direct PayPal, direct bank transfers and even in Bitcoin.

2. Forex Robotron:

The Robotron platform is another forex robot developed and tested using real variable spreads, real tick data and real slippage from Dukascopy with proven live results. It works with both the GBP/USD and EUR/USD market pairs which have the lowest spreads and great liquidity. This robot trades ranging markets, utilising a tight stop loss along with low risk, high accuracy, and great consistency. It provides an 80% average win rate, which allows it to quickly build up the trading account equity. As far as losses are concerned, Robotron does not allow it to hit full stop loss. It instead anticipates a change in the market direction and gets out of the trade-in advance.  With a reliable strategy and user-friendly interface, Robotron can go on consecutive winning streaks of more than 80 trades.

3. Econ Power Trader:

Econ Power Trader is another reliable forex trading robot, developed by LeapFx. It offers compatibility with MetaTrader 4 and works well with brokers who offer the lowest possible spreads and slippage.  It uses AINTT (Adaptive Intelligent News Trading Technology) along with a tight stop loss. It makes a greater amount of pips from winning trades which gives it a favourable risk to reward ratio. It is thus called a news straddle trader, as it strategically identifies important news that could affect the forex market and acts accordingly.

4. Securza Forex Robot:

The Securza Forex Robot is one of the best available options for novice traders entering the market. Setup can be done easily within 5 minutes. It supports multiple currency pairs including EUR/USD and GBP/USD. An average trade normally lasts around 6 hours with an impressive win rate of more than 50%. The developer team also provides free updates with a money-back guarantee scheme in place.

5. Finwe Forex Robot:

The Finwe Forex Robot offers a high win rate of around 70% with a risk to reward ration of almost 1:1. It works with both the GBP/USD and EUR/USD currency pairs, executing almost 15 trades on a daily basis. Verified tests on FXBlue indicate that it has amassed over 200% in trading gains with a monthly gain of 50% on an average.  It works best with an ECN account.

Why is it important to conduct a Forex Robot comparison? 

Forex Robots are usually based on automatic mathematical algorithms along with trading strategies. The increased demand of forex robots has also attracted many illegitimate companies to set up Ponzi schemes masquerading as Forex Robots. This poses an obstacle for selecting a good forex robot for a memorable trading experience. 

Often, fraudulent companies set up promise-looking websites with flashy images and great offers that make them hard to resist for a novice trader. Some of the claims are even backed up by unverified back-testing information which gives the impression that the past customers have got more than their money's worth. Often times these are just Ponzi schemes aimed at unsuspecting traders and this is how many people have lost their hard-earned money.

Thus, for novice traders, it is always a good idea to conduct proper research before making any final decision based on some flashy advertisements or promises of fortune. Do not miss out on checking testimonials or reviews of those who have already used the robot. There are several authoritative sites that provide detailed reviews on the various forex robots available. 

Conclusion

Forex Robots from reliable developers and companies can change the fortune of any trader struggling to turn a profit. The above list of forex robots is just some of the most well-known and efficient forex robots in existence in the market today.

Disclaimer:

This is a paid article. KryptoMoney does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. KryptoMoney is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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