Not all forex traders have time to concentrate on their trading activity. Others find it difficult to look for the best and most profitable traders and how to act on them. Luckily, the world has since shifted from doing most things manually to using automated ways.
Forex trading is no exception to that. With the advent of forex robots, traders today have the freedom to make trading simpler and stress-free for them.
What Makes Automated Trading Bots Practical?
Basically, the major advantage of automating your trades is to earn more money. No matter if it’s because a robot can make more efficient trades or you trade in far bigger volumes, the same result is desired.
You will find different advantages of utilizing automated forex trading robots such as:
- Trade even if you are not online. The robot continues on trading even if you’re asleep.
- Trade simultaneously across different markets on various currency pairs
- Use a pre-programmed robot with particular trading system rules
- Backtest to understand the robot trader’s accuracy
- Trade in numerous currencies at the same time while trading yourself manually
- No impulsive or instinctive trading. Everything is computed
- Robots aren’t frightened to take risks that traders might not like to make
- Automated bots have more capability to process data than a human being
BEST BOT VIDEO – Must watch:
So, What Are the Best Forex Automated Trading Bots for All Market Conditions?
You will find a wide array of robots, which we believe are the best in the industry. Ideal for both beginners and experienced traders out there, they are accessible as instant downloads and all work with many brokers.
- Forex Fury
The Forex Fury is a system that has been created by the professional traders atForex Robot Nation.This EA works best on USDCHF, EURGBP, GBPUSD, and EURUSD pairs along with a fifteen-minute time frame. The minimum balance requirement in the terminal must be $1,000. That suggests if you can open a cent account with the investment of as little as $10 if you can’t invest $1,000.
This trading bot trades in specific hours evaluates, and identifies the price course for the next couple of hours or days. It’s worth mentioning this automated trading bot as well enables you to trade with particular risks and desirable profitability. The trading system gains massive profit and opens trades each day.
- 1000pip Climber System
This automated forex trading bot has an advanced algorithm created to make it as simple as possible to flourish in the forex market. This system constantly evaluates the forex market, searching for possibly high profitability price movements. Once determined, the software will alert you via email, audibly, or visually.
The signals this program created is accurate and always consistent. Forex is a good option for the long and short-term outlooks—trades that are made on the 15-minute, hour, and 4-hour timeframes.
The robo advisor finds high profitability of price movements and works along with six currency pairs. Have we ever mentioned that this one is not difficult to set up? It runs off MT4 MetaTrader. You will receive a detailed explanation of how you can set it up, so you don’t need to worry about the whole process.
- Coinrule
This trading bot aims to offer beginner traders access to advanced trading tools in an educational, simple, and fun interface. That’s why the platform is created to be a “Lego-tool box” for making trading tactics, tracking, and implementing their performance in real-time.
The platform has a simple to use and intuitive interface. Since its launch, the platform has sustained a basic four-tier subscription model along with a free option to help onboard beginner users.
The trading bot manages the implementation of trading commands on a user’s exchange account on behalf of the user. They could do that using an API for the exchange. In short, API connects two or more software interfaces that enable them to communicate and perform the user’s commands.
- Forex Gump
This is another automated forex trading bot with an excellent reputation. This platform works in the 1-minute time frame, which makes it a classic scalping. Throughout the installation, the graph doesn’t utilize any technical indicators nor any other technical analysis tools.
The list of currency pairs for trading is composed of nine units. Nearly all currency pairs are volatile, along with the US dollars and euro. Such strategies are suitable to trading systems, which aren’t based on algorithms prescribed by the advisers.
- Forex Trendy
Forex Trendy is a computer software program offering traders the freedom of accessing profits in the Forex market. This software maximizes the presence of every trader in the market by presenting them with the concept of the best market day for selling and buying.
This automated trading bot ensures traders reap massive in the industry as they are given the best Forex trendy pairs to trade-in. What’s more, traders have the chance to see how the global currencies keep changing to provide them an idea of when is the perfect time to trade.
Final Thoughts
Along with trading in new currency pairs, you can also trade in the comfort of your home while using these forex automated trading bots to trade in the markets you feel less comfortable with. One of the best things about these bots is that it’s perfect for traders who feel less comfortable and easily gets swayed by their emotions.
Do you think you are still not confident to push the button? Then using an automated forex trading bot today will do that for you. You may prefer using this bot to trade while you sleep, so you never miss any opportunity on the trading platform.
So, what about you? Are you ready to use any of these automated trading bots? Which of them are your favorites? We’d like to know! Feel free to share your thoughts with us by leaving your comments down below! We wish you the best of luck. Happy trading, folks!
