Forex robots and expert advisors have become a staple among trading circles all over the world. They have introduced a way in which even novice retail traders get a fair chance at gains.
However, like every industry, the market has been saturated with the introduction of many brands, each claiming to provide the best profit levels possible.
The reality is that most of these forex robots turn out to be fraudulent or poorly programmed. To help traders make a well-informed decision, we’ve decided to compile a list of best forex eas that can deliver monthly returns greater than 15%.
7 Top Forex Robots Which Promising A Greater Monthly Returns:
forex robots are making your trading error-free. Usually, every type of trading needs a spontaneous action. And in the manual method error making chances are typically high. But these robots are helping to streamline the whole process.
Here are the names of seven top forex robots.
1. The Money Tree
The Money Tree forex robot is one of the best forex robots, which is a Metaverse compatible. And it can work with 15 currency pairs, including AUD/CAD AND AUD/CHY. It uses a strategy based on short-term trends where it identifies the trend and trades in that direction.
The EA is a non-martingale, non-hedge, and non-latency trade EA and works with almost all forex brokers.
2. Happy Galaxy EA
Happy Galaxy EA is a fully automated forex trading robots systems that trade the EUR/USD, GBP/USD, USDCHF, EUR/GBP, and EUR/CHF. It is equipped with a news filter that reduces the drawdown at high market volatility. It can be easily set up by almost anyone without any complications.
It supports ECN brokers and FIFO rule as well as autodetection of 4 or 5-digit quotes. Traders also have access to a 30-day money-back guarantee if they do not like the product.
3. Forex Gump
Forex Gump is an expert advisor that incorporates neural networks and deep learning to find, manage, and close ad trades. The EA forex robots are compatible with MetaTrader 4 and MetaTrader 5 and are capable of trading 25 currency pairs, including AUD/CAD, EUR/GBP, and AUD/USD.
It is strongly recommended to use a demo account to test the capabilities of the EA before investing real money.
4. Forex Perk
Forex Perks forex robots are automated forex trading robots that work with the EUR/USD and GBP/USD currency pairs and can trade in any brokerage. Traders need a minimum deposit of $1000 for a standard account if they choose the EA’s default settings.
It automatically calculates the lots and limits the possible drawdown accordingly. There are special algorithms in place to help open and close trades for smooth profit.
It has several built-in indicators and price action functions to trade properly. The recovery strategy uses Dollar Cost Averaging and hedging if the trade goes negative.
5. Trade Explorer EA
Trade Explorer EA is a MetaTrader 4 compatible forex robot that can trade with 27 currency pairs, including AUD/CAD, AUD/JPY, USD/NOK, and USD/SEK.
It is known for its very effective customer service, which sources solutions directly from the developers.
6. Happy News EA
Happy News EA is a forex robot that places pending orders in both directions so that the news can have a significant impact on the market. It trades the EUR/USD, GBP/USD, AUD/USD, and USD/JPY currency pairs on the M15 timeline.
The EA sources news from reputed online portals such as Forex Factory, which is then screened according to needs and preferences. It gives traders an option of either choosing to trade all the news or just selecting the ones related to the current pair of forex robots on the chart.
7. Happy Gold
Happy Gold is a package of 10 separate forex trade robots that use a scalp/swing strategy with the modified version ZigZag indicator. That is working best on the XAUUSD in the M30/H1/H4 chart.
The Modified versions of the ZigZag indicator are tracking down and linking with the furthest ends of the chart. The distance between these two points is equivalent to or higher than the price scale percentages.
It uses a hard stop-loss (-24 pips) and a dynamic take profit level based on the sentiment of the market. Developers recommend traders use a maximum of 40 pips spread, API connections, and very slow slippage to get the desired results.
Forex robots and expert advisors have emerged as a great leveler for small retail traders. However, there has been an increase in frauds and scams.
Traders should always check the background of the EA they are choosing before investing. The above forex robots have proven records, which is why they can easily be trusted.