Automated Forex trading is conducted by the method of unique software programs that allow for non-stop dealings of currencies. These relatively new additions to the trading market have almost revolutionized the forex trading market, allowing many smaller traders to attain larger profits. One of the key metrics to judge the effectiveness of an EA or forex robot is its yield percentage. While the maximum yields of most EAs are in the hundreds, there are some forex robots that can produce yields of over 1000%. Most of these EAs are scalping and hedging or use a combination of the two. The following is a list of 5 of the Best FX Robots that fall into this category.
- Happy Frequency
Happy Frequency is a well-known forex robot that combines trend/grid/hedge/semi-martingale strategies with low to high-risk settings. It uses a news filter to protect the effectiveness of the strategies and works with the USDCAD, EURUSD, EURGBP, EURJPY, EURCHF, GBPUSD, AUDUSD, USDCHF and USDJPY currency pairs. It produces a yield of 1163% per annum. With each purchase, you get 2/5 Licenses for 2/5 real accounts and an unlimited number of demo accounts.
- Forex Gump
Forex Gump is a forex robot that applies a news filter and candlesticks to get its trades right. By applying a multi-currency strategy, you can use this EA in a number of currency pairs such as AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF and USDJPY on M1 Timeframe. You have the choice of choosing either a $4000 account or a minimum of $40 on a micro(cent) account. With a drawdown rate of 11.39%, this EA has a yield per annum of 2200%.
- Channel Trader PRO
Channel Trader Pro combines highly effective trading strategies to trade EURJPY, AUDUSD, AUDCAD currency pairs on any timeframes. It comes with 3rd party verified proof that shows a strong track record of trades with minimum drawdown. For only $199, you can get a Channel Trader PRO license which is compliant with FIFO requirements. This EA, which has been described as a scalper, produces a yield of 2000% per annum.
- FX Secret Immortal
FX Secret Immortal is a balanced and well-defined forex robot that works with both MetaTrader 4 and MetaTrader 5. It applies a combination of three different strategies which prevents it from having long periods of unprofitability. It trades the EURUSD, GBPUSD and USDJPY currency pairs and produces a yield of 7900%. It is recommended that you have a minimum deposit of $1400 for reliable trading or $700 for aggressive trading. Safetradebinaryoptions currency convertor will help you easily convert the amount of BTC to any currency.
- FXDiverse
FX Diverse is an MT4 and MT5 compatible forex robot that trades the GBPUSD, USDJPY, USDCAD, USDCHF, EURUSD and others on multiple timeframes. At $275 you get a lifetime license that comes with the ability to trade 3 to 28 trading pairs. The lot size is not less than 1000 units per 0.1 of a standard lot. You will also receive a detailed manual and access to a free customer care helpline via call and email. With a max drawdown of 10.78%, this EA is capable of producing a yield of 1380% per annum.
Conclusion
Forex robots and Expert Advisors have provided a way out for less knowledgable forex traders to have an equal chance of attaining profits. While yield should not be the only consideration while judging EAs, it does give a partial picture of how much profits you can expect. That being said, you should always consider other metrics such as drawdown rate, reliability of developers, and trading records. The above list contains some of the most reliable forex robots which have proven track records.
