Best Forex Robots in 2024

Automation is inevitable in the world of forex trading. Forex robots, also known as Expert Advisors (EAs), can simplify your trading by executing trades automatically. However, there are many options out there for choosing the right one for your trading style and goals.

This page can help. We’ve put together a guide that cuts through the noise and brings you a curated list of the best forex robots in 2024. This is not just a list of some popular bots. These forex automated traders have been thoroughly tested by our team across various criteria.

The main factors we considered were profitability and historical performance, transparency, customer support, and more. We also looked at real customer feedback to compile our list. Our team has done the legwork so you can focus on making the best decisions and help take your FX trading to the next level.

1. Perceptrader AI

Overview

Perceptrader AI combines the skills and expertise of pro forex traders with the power of artificial intelligence. Developed by Valeriia Mishchenko, the developer behind the successful Waka Waka EA, it uses deep learning algorithms to analyze vast amounts of data and identify profitable trades.

Pros

  • High prediction accuracy
  • Integration with ChatGPT and Google Bard

Cons

  • High initial costs
  • Requires technical support

Fees

A lifetime subscription costs $2200, a one-time fee which gives you access across up to 10 MT4 or MT5 accounts and free updates. The forex robot also includes an installation guide, personal support from the developer, and access to a unique Telegram group.

Features Perceptrader AI Summary
No. of Trading Assets 50+
Min. Deposit N/A
ID Verification Required No
Free Demo Account Yes
Supported Assets Currencies
Mobile Trading App Yes
Web Trading Platform Yes

Check it out now!

2. Waka Waka

Overview

Waka Waka is an EA designed by Valeriia Mishchenko, boasting over 60 consecutive months of profits, recorded and verified via MyFXBook. It offers the opportunity for 80+% yearly gains with less than 30% drawdown.

Pros

  • High profit rate
  • Stable performance

Cons

  • High initial costs
  • Limited customization options

Fees

$2000 one-time cost for a lifetime license. The lifetime license gives you 10 MT4 or MT5 accounts, free updates for the forex bot, and access to an exclusive Telegram group, along with 3 trading sets, a strategy guide, and more.

Features Waka Waka Summary
No. of Trading Assets 50+
Min. Deposit N/A
ID Verification Required No
Free Demo Account Yes
Supported Assets Currencies
Mobile Trading App Yes
Web Trading Platform Yes

Check it out now!

3. Golden Pickaxe

Overview

Golden Pickaxe is the best gold trading system EA on the market. Led by renowned EA developer Valeriia Mishchenko, Golden Pickaxe is a grid trading bot that gives you the opportunity to generate up to 25+% monthly profits consistently.

Pros

  • Adjustable risk settings
  • Stable performance

Cons

  • Limited support for other markets
  • High initial costs

Fees

$1850 one-time fee for a lifetime license.

Features Golden Pickaxe Summary
No. of Trading Assets 1
Min. Deposit N/A
ID Verification Required No
Free Demo Account Yes
Supported Assets Commodities
Mobile Trading App Yes
Web Trading Platform Yes

Check it out now!

4. Evening Scalper Pro

Overview

Evening Scalper Pro uses a unique trading system for trading the late evening forex markets. Its mid-range scalping strategy has generated consistent profits for over two years, verified on MyFXbook.

Pros

  • High success rate
  • Stable profits

Cons

  • Limited flexibility
  • Experience required for optimization

Fees

$2200 for a lifetime subscription. Discounts are sometimes available.

Features Evening Scalper Pro Summary
No. of Trading Assets 50
Min. Deposit N/A
ID Verification Required No
Free Demo Account Yes
Supported Assets Currencies
Mobile Trading App Yes
Web Trading Platform Yes

Check it out now!

5. Night Hunter Pro

Overview

Night Hunter Pro is an advanced scalping system that delivers verifiable long-term growth. Designed for trading during low volatility periods, it uses smart algorithms to find safe entry and exit points on leading currency pairs.

Pros

  • Long-term stability
  • High success rate

Cons

  • Experience required for optimization
  • Limited support for other markets

Fees

Costs

$2200 for a lifetime subscription. This gives you three trading sets, a strategy guide, free updates, and much more, including access to an exclusive Telegram group containing expert traders.

Features

Features Night Hunter Pro Summary
No. of Trading Assets 50
Min. Deposit
ID Verification Required No
Free Demo Account Yes
Supported Assets Currencies
Mobile Trading App Yes
Web Trading Platform Yes
Regulatory Bodies
Learn More > Night Hunter Pro >

Check it out now!

 

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AI Gen XII 1.9

AI Gen XII MT4
Ratting: 5 ⭐️⭐️⭐️⭐️⭐️

Supported pairs: XAUUSD

Product link: https://www.mql5.com/en/market/product/118164?source=External

 

 

 

 

AI Gen XII 1.9 is an advanced Expert Advisor (EA) specifically designed for trading Gold on the MetaTrader 4 (MT4) platform. This EA leverages the latest advancements in artificial intelligence and neural networks to optimize trading strategies, enhance decision-making, and improve overall trading performance.

Overview of AI Gen XII 1.9

AI Gen XII 1.9 is engineered to deliver superior trading results in the GOLD market, making it suitable for both novice and experienced traders. Its sophisticated algorithms and AI capabilities allow it to analyze market conditions, identify trading opportunities, and execute trades with precision.

Key Features

Advanced Technology Integration

The EA operates on the cutting-edge GPT-4o platform and incorporates Advanced Discrete Fourier Imaging in its ATFNet system. This integration allows for a comprehensive analysis of time series data, aligning the frequency spectrum of input series for improved market insights.

Multi-Strategy Trading

AI Gen XII is capable of executing multiple trading strategies simultaneously. This feature is critical for matching backtest trades with real trades, ensuring that the EA adapts to changing market conditions effectively.

Professional Risk Management

The EA incorporates robust risk management strategies. It automatically sets Stop Loss (SL) and Take Profit (TP) levels for each open position, avoiding high-risk strategies such as Martingale and Grid. This approach helps protect the trading account and minimizes potential losses.

Performance Metrics

AI Gen XII has demonstrated impressive performance metrics in both backtesting and live trading environments. In a backtest conducted over a seven-month period with an initial capital of $1,000, the EA achieved a total profit of $9,934.55, with a maximum drawdown risk of only 17%. Live trading results have also been promising, with reported gains of 39% over five weeks and 130% over eight weeks, maintaining a risk level of 4% to 11%.

User Experience

AI Gen XII is designed to be user-friendly, making it accessible for traders of all experience levels. The setup process is straightforward, with all parameters pre-configured. Users can activate the EA with a simple button click, allowing for immediate trading without extensive technical knowledge.

Compatibility and Accessibility

AI Gen XII is compatible with any broker and can be utilized in various trading environments, including Prop Firms. This flexibility makes it an attractive option for traders looking to enhance their trading strategies without the need for extensive customization.

Trading Strategy

Market Analysis

AI Gen XII continuously monitors the GOLD market, analyzing various timeframes (M30 and H1) to detect patterns and trends. It employs a blend of technical indicators, including Moving Averages, RSI, MACD, and Bollinger Bands, to evaluate market conditions. The use of AI-driven algorithms further enhances market analysis, ensuring precise and informed decision-making.

Entry and Exit Points

The EA identifies optimal entry points by detecting key levels of support and resistance and spotting favorable patterns. It employs a combination of technical indicators and AI algorithms to confirm entry signals, ensuring high-probability trades.For exit strategies, AI Gen XII continuously monitors open trades, adjusting exit strategies as market conditions evolve. It uses a combination of fixed take-profit levels and trailing stops to secure gains while allowing winning trades to maximize potential.

Trade Execution and Management

AI Gen XII automatically places trades once an optimal entry point is identified, ensuring quick and accurate execution. The EA utilizes low latency and tight spreads to maximize profit potential on each trade. Additionally, it dynamically adjusts stop-loss and take-profit levels based on real-time market data and price movements, applying position sizing and risk management strategies to protect the trading account.

Conclusion

AI Gen XII 1.9 stands out in the competitive landscape of trading EAs due to its innovative use of AI and real-time data analysis. Its robust performance, combined with professional risk management and user-friendly design, makes it a compelling choice for traders looking to enhance their Gold trading strategies on the MT4 platform.With its advanced technology, multi-strategy capabilities, and proven performance metrics, AI Gen XII 1.9 offers traders a powerful tool to navigate the complexities of the GOLD market effectively. Whether you are a novice trader seeking to enter the market or an experienced trader looking to optimize your strategies, AI Gen XII provides the necessary tools to achieve trading success.

 

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AI Hedge Funds EA

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AI Hedge Funds EA

Supported pairs: EUR/USD, GBP/USD, and USD/JPY

AI Hedge Funds EA for MT4 is an advanced trading robot designed to automate trading processes on the MetaTrader 4 platform. This Expert Advisor (EA) utilizes artificial intelligence to enhance trading performance, manage risks, and optimize profit opportunities. Here’s an overview of its key features, trading strategies, and installation process.

Key Features

  1. Automated Trading: The AI Hedge Funds EA operates autonomously, executing trades based on predefined criteria. This allows traders to engage in the market without the need for constant monitoring.
  2. Self-Learning Algorithms: The EA employs sophisticated machine learning algorithms that adapt to changing market conditions, continuously improving its trading strategies over time.
  3. Multi-Pair Trading: It supports trading across various currency pairs, with a focus on major pairs like EUR/USD, GBP/USD, and USD/JPY, which are known for their liquidity and tight spreads.
  4. Risk Management: The EA incorporates robust risk management features, including customizable stop-loss and take-profit levels, as well as position sizing based on account balance and risk appetite.
  5. User-Friendly Interface: Designed for traders of all experience levels, the EA features an intuitive interface that simplifies setup and operation.

Trading Strategy

The AI Hedge Funds EA employs a systematic approach to trading, focusing on market structure analysis to identify optimal entry and exit points.

  • Market Analysis: The EA analyzes historical patterns and real-time data to determine favorable market conditions.
  • Entry Criteria: It waits for specific conditions, such as trend direction confirmation (using indicators like moving averages), overbought or oversold signals (via RSI), and acceptable volatility levels (using Bollinger Bands), before executing trades.
  • Exit Strategy: The EA monitors trades and adjusts stop-loss and take-profit levels dynamically, exiting positions based on predefined criteria or significant market changes.

Installation and Setup

To install the AI Hedge Funds EA on your MT4 platform, follow these steps:

  1. Download the EA: Obtain the AI Hedge Funds EA from a trusted source, such as FXCracked or CheaperForex.
  2. Install on MT4: Place the downloaded EA file into the ‘Experts’ folder of your MT4 installation.
  3. Activate the EA: Restart MT4, navigate to the ‘Navigator’ panel, and drag the EA onto your desired chart. Adjust the settings according to your trading preferences.
  4. Minimum Deposit: A minimum deposit of $500 is recommended to effectively utilize the EA’s features and manage risk.

Conclusion

The AI Hedge Funds EA for MT4 represents a significant advancement in automated trading technology, combining artificial intelligence with user-friendly features to cater to both novice and experienced traders. With its robust risk management, adaptability, and multi-pair trading capabilities, it offers a compelling solution for those looking to enhance their trading performance while minimizing manual effort.

 

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FT Gold Robot

FT Gold Robot MT4

Supported pairs: XAUUSD

 

 

 

 

FT Gold Robot: Your Automated Gold Trading Companion

The FT Gold Robot is an advanced trading robot designed for automated trading of gold (XAUUSD) on the MetaTrader 4 (MT4) platform. Developed by a team of experts, it utilizes sophisticated algorithms to optimize trading performance. This robot analyzes the gold market and quickly identifies key trends, patterns, and price movements.

Key Features

  • Multiple Daily Positions: By default, the robot opens 5 positions per day, which can be customized. It trades from Monday to Friday.
  • Position Protection: All positions are protected by automatic mechanisms such as Take Profit, Stop Loss, Trailing Stop, and Break Even. Additional safeguards include loss limits and a recovery system.
  • Easy Setup: The robot is designed for simple installation and use, making it accessible to beginners. The only setting that needs adjustment is the lot size.
  • Support and Community: After purchasing the robot, users gain access to a support group where they can share experiences and get assistance.
  • Multilingual Documentation: Available in eight languages, ensuring wide accessibility of information.

Technical Specifications

  • Platform: MetaTrader 4 (MT4)
  • Currency Pair: XAUUSD
  • Timeframe: M5
  • Minimum Deposit: $1,000
  • Leverage: 1:30 to 1:1000
  • Account Types: Hedging, Zero, Cent, Micro, Standard, Premium, or ECN

Conclusion

The FT Gold Robot is a powerful tool for gold trading, combining advanced technology and ease of use. With its wide range of protective mechanisms and community support, it is suitable for both experienced traders and beginners looking to optimize their trading strategies in the gold market.

 

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FT Gold Robot

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