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24 Of The Best Forex Robots Tested – Who Has The Best Forex EA in 2020?

best forex ea

#1 Performing Forex Robot

The table below is a list of all the most popular commercial forex robots that trade the forex market automatically, sorted by highest gain percentage by default. You can click each of the column headers to sort by each respectively. Please be sure to read any red warning indicators for each robot as some have manipulated results. Finding the best forex robot can be hard, but with this table you can compare live results from the top forex eas on the market. Here you can quickly eliminate many robots that would other wise look rather appealing at first glance. Any robot with a red indicator warning should almost always be avoided. The chances of you replicating the kind of results they have are next to nil. These warnings will range from things like a scalper on a demo account, which is a guaranteed way to be tricked into buy a garbage EA. Another warning is a history of manipulated results like an EA vendor being in a partnership with a broker to give favorable results.

Right now the top performing EA is Forex Flex EA, which has held the spot for almost 2 year now which is impressive to say the least. It offers 12+ built in strategies that come pre-optimized that you just select and it trades. You can see some of these various strategies and their results in the table below. It also comes with a ton of settings for advanced users to create their own strategies if needed.

All of the ratings are user voted averages, which gives a great sense of what the public is experiencing with these top expert advisors. If there is an robot missing on this best forex robot table, please leave a comment naming it and I will do my best to have it added.

Name Website Gain Monthly Daily Days Drawdown Trades /Day Profit Factor Rating Chart
Flex EA - EMA Far Apart v3 Review +124% 76.21% 1.85% 1058 43.52% 0.10 5.02
4/5
Flex EA Correlated Hedge Review +213% 49.32% 0.10% 1172 32.07% 0.40 1.48
4/5
Flex EA TDI Default Review +673% 33.28% 0.93% 743 17.91% 0.07 12.40
4/5
Flex EA 6x Triple Up Review +340% 29.49% 0.08% 1953 35.68% 0.86 2.26
4/5
Keltner Pro Review +5645% 11.90% 0.18% 2276 58.74% 0.44 1.14
1.6/5
Einstein Trader Review +40% 10.99% 0.01% 2317 9.98% 0.04 1.91
2.6/5
REV Trader Pro Review +3474% 9.65% 0.15% 2361 24.25% 0.40 1.57
1.8/5
Forex Hacked Pro Review +404% 9.24% 0.06% 2829 68.38% 1.65 1.69
2.9/5
Channel Trader Pro (Vendor) Review +2137% 9.23% 0.14% 2233 33.68% 0.26 1.92
2/5
Pivot Trader Pro Review +926% 7.66% 0.11% 2130 24.12% 0.23 4.01
1.5/5
Vortex Trader Pro (Vendor) Review +2131% 6.86% 0.12% 2594 27.67% 0.18 1.93
2.8/5
Forex Growth Bot +2644% 5.97% 0.09% 3495 94.46% 0.82 1.10
/5
Flex EA (Default) Review +10259% 5.91% 0.19% 2425 36.53% 0.52 1.48
4/5
EOS Forex EA Review +286% 3.03% 0.09% 1424 12.93% 0.72 1.20
/5
Flex EA Low Risk Default Review +116% 2.99% 0.10% 1730 92.14% 0.12 3.10
4/5
FAP Turbo 2 Review -0% -0.01% 0.00% 2295 56.83% 0.33 0.83
1.1/5
Volatility Factor 2.0 -0% -0.07% 0.00% 777 60.69% 1.80 1.00
1.1/5
Forex Earth Robot Review --9% -1.66% 0.00% 2162 14.71% 0.04 0.60
/5
Everex Elite Review --71% -5.32% -0.06% 2236 76.95% 0.44 0.90
2.6/5
Odin Forex Robot Fake results --51% -13.15% -0.29% 252 10.29% 5.10 0.75
/5
Happy Gold Review --42% -13.44% -0.24% 1136 48.57% 0.10 0.68
1.7/5
Million Pound Robot Review --55% -15.30% -0.07% 1180 82.14% 0.08 0.84
/5
Delton Pro EA Review --99% -48.20% -1.40% 1445 17.47% 0.33 0.61
/5
Evertech Forex Robot Review --99% -73.55% -2.39% 1188 59.43% 0.46 0.21
/5
Forex Diamond EA Review --99% -84.50% -0.29% 1732 99.39% 0.16 0.42
1.3/5

 

Terminology

Review – This column contains a link to the full review of each respective forex ea, and any potential warnings about it as a red exclamation mark.

Gain – The total overall gain in percentage the forex trading robot has achieved on it’s initial starting balance. This is obviously the first thing traders will look at when analyzing trade results of any forex trading bot.

Monthly – The average percentage you can expect to achieve from this forex robot. Be careful of new accounts with only a few months history and high gains, usually not sustainable. Also be wary of gains of 100% or higher per month, these kind of gains from any forex expert advisor are definitely not sustainable long term.

Daily – Same as above, but on a daily basis of how much each fx robot has done in forex trading on a live account, or demo account.

Drawdown – This is the biggest floating loss the forex robot has witnessed during the life of that account. If an account has a 60% max drawdown, that means if the account balance is $1000, then at one point the expert advisor had -$600 in losing trades open at once.

Trades per day – The average number of traders per day the fx robot opens.

Rating – The average rating based on user submitted reviews/ratings which is a good indicator for finding the top forex robot.

Chart – This is the equity growth the forex ea has achieved throughout the accounts life.

Forex Scalping / Scalper – This refers to scalping tiny little profits from the market trying to get in and out as quick as possible. The trouble with these strategies is they work great on demo accounts which vendors love to show, but when you run them on a live account, the results are completely different and much worse. This is due to higher variable spreads, swaps and commissions that you don’t see in demo accounts. A Scalper EA is one of the more popular used scams by vendors to show great demo results.

Forex Brokers – This is where you need to open an account, and fund it with real money in order to trade. Here is a list of the top MT4 forex brokers

Live Account – This refers to a real account with real money and real profit, not a demo account where fake money is traded and results are always more favorable. Trade results from forex expert advisors will always be better on demo accounts compared to live accounts.

Stop Loss – When to cut your losses on a trade. This usually refers to a pip based loss.

Take Profit – When to close your trade in profit. Again, this usually refers to pip based.

Trailing Stop – This means a stop loss that moves up as the price moves in favor of your position, so if the price does reverse, your stop loss is much less than originally set and possible even in profit at that point. Any good fx robot should have some sort of trailing stop feature.

Curreny Pairs – These are the pairs traded by each fx trading ea. Scalpers often trade low spread major pairs like EURUSD.

Forex Indicator – A forex indicator is used to interpret price data and patterns. Many popular forex ea’s will use a combination of forex indicators like moving average, bollinger bands, stochastics, forex trend detection and many many more.

 

For even more, check out ForexFBI’s Best Forex Robot comparison

Tags: trades forex, robots ea, forex trader, auto breakout, forex signals, price action, traded account, fx trader, fx ea

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