Forex robots are better when performing multiple tasks compared to humans. When people use automated systems, they overcome human limitations, limit losses and maximize profits. Forex robots are powered by AI to monitor multiple currencies, pair them and execute trades.
There are many different types of forex robots, with some available for free while others are bought. The best robots are those that generate maximum profits for traders while cushioning losses as much as possible. Here are the 10 best forex robots in the market.
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FXGoodWay X2 EURUSD
FXGoodWay X2 EURUSD was developed to maximize profits and minimize risks by automatically deciding when to start or close trades. It is one of the top 10 trading robots that work with any type of broker and on both MT4 and MT5 platforms. Its unique algorithms allow multi-session trading, automatic risk calculation, and smooth profit delivery.
Forex inControl Full
Forex inControl Full was created for both experienced and new traders. It is a highly profitable EA that is fully automated to run trades using AI algorithms. It works on both MT4 and MT5. It can trade on two currencies and only wait for the best time before opening orders.
FXConstant
FXConstant is one of the top forex EA available at the FX store. Just like its name, it is a top choice robot by people who want automated trading 24/7. It comes with one license that can be used in any type of account. It trades on either MT4 or MT5 and pairs both EURUSD and AUDUSD.
ForexTruck
ForexTruck is developed to provide high value in trades and reliability in the forex market. It is an intelligent forex robot that starts and closes trades automatically. Traders don’t need to choose special condition brokers because they can effectively work with any. The robot trades with the USDCAD currency pair.
FXHelix
FXHelix uses AI to analyze historical price movements to determine the direction of future prices. If the direction is favorable, the robot automatically starts trades allowing users to relax and watch as profits flow in. It works on both MT4 and MT5 platforms and pairs AUDUSD on any broker platform.
MyForexPath
MyForexPath is a fully automated EA created to maximize profits for users. It is a highly complex robot optimized for the best profits. Its key features are optimization for both normal and aggressive trading. It comes in two versions, and both can trade on MT4 and MT5 platforms. It has a risk control feature that helps minimize losses.
FXStabilizer PRO
FXStabilizer PRO is a highly effective robot that is optimized with intelligence. It has been in the market for some time and can pair up to 8 currency pairs. Its main pairs are EURUSD and AUDUSD. Traders can choose to run it on Durable mode, which is more stable and safer. They can also run it in Turbo mode which is a more profitable bit riskier.
FXQuasar
FXQuasar is a highly reliable and stable forex robot that works on MT4 and MT5 platforms. It has a feature that allows it to work with NFA-regulated brokers. It does not rely on indicators but uses internal algorithms and quotes to analyze markets and determine actions. It is fully automated to make sure it generates maximum profits for users.
FXZipper
FXZipper is one of the newest robots in the forex market. It functions based on a scalping strategy meaning it generates small amounts of profits from each trade. It can hold orders for a longer time in the market so that it closes them only after making a profit. It can pair up to 8 currency pairs, including AUDUAS, AUDCAD, and GBPCAD.
FXParabol
FXParabol leverages historical trading data from 2015. The vendor indicates it records a 70% win rate based on data-based tests. It pairs USDCHF and USDJPY and requires a deposit of $1000. It trades on both MT4 and MT5 platforms
Conclusion
Forex robots are computer programs created to help traders generate maximum profits. They use AI to analyze historical trading data before executing trades. Many forex robots exist in the market, but the best is the one that limits losses and maximizes profits.
