Free Forex Advisors
Verified versions of robots for Forex and stock trading. All advisors are tested and fully functional. This allows you to evaluate their profitability and learn the purpose of the script's key settings.
Forex advisors allow for automated trading, allowing even novice investors to profit.
Cappuccino Limited, an analytical advisor for stock trading
As per tradition, today we're publishing another interesting script that doesn't trade itself, but rather helps you open profitable trades.
The main function of Cappuccino Limited is to analyze an asset and provide the trader with analytical information on the selected asset.
As you know, prices in the financial market are determined by the struggle between buyers and sellers. These participants can include other investors, large funds, market makers, and trading robots.
The advisor is completely universal, so it is suitable for trading virtually any asset from the MetaTrader 5 trading platform.
A simple Forex trading advisor called "Sanctions for you" – low-risk profits
The financial markets have been extremely unstable for the past six months, with trends changing almost every minute. This has led many advisors to stop working.
It's quite difficult to find a simple advisor designed for trading in such a dynamic market, so the only option left is to rely on new, recently created scripts.
The "Sanctions for you" advisor appeared at the end of May 2022, which gives hope that the script is more or less adapted to the current situation.
The robot is designed for trading on the H1 timeframe and the beloved EURUSD currency pair, but can also be used on other assets.
Rating of the best Forex advisors
Every trader uses the same tools, the same books, indicators, analytical data, but gets completely different results.
Using the same indicators, traders create hundreds of strategies that differ radically from each other, both in their operating principles and in their effectiveness.
Naturally, such different views on price movements are the very engine that drives technical analysis to evolve.
It's no surprise, then, that hundreds of different Forex advisors are available today, with new robots appearing year after year.
Therefore, it can be quite difficult for beginners who have decided to switch to automated trading to find and select something worthwhile, since even testing it and ensuring it works can take a huge amount of time.
To make the task easier, it's best to use a Forex advisor rating.
Robot scalper BF Smart Scalper EA
The key challenge facing any scalper is separating false signals from quality ones that offer potential profits.
Interestingly, to achieve this, many resort to a multitude of obscure algorithms, which only complicate their strategy.
However, the answer lies in identifying genuine price impulses, rather than trading in a shallow and stagnant market.
Doing this manually is quite difficult; it's best to use a dedicated expert advisor.
Today, we'll look at just such a Forex advisor, which will help you maximize your profits from scalping opportunities.
Forex Best Bot Advisor
The developers of Forex Best Bot didn't bother with a name for their product; they simply called it "the best."
And they were right, as back in 2011, this robot was practically the only successful project that didn't use a raw martingale and, at the same time, had successful, multi-month open monitoring.
Most interestingly, Forex Best Bot was a successful commercial product. But its main highlight was its simple and understandable trading algorithm, the essence of which you will learn about in this article.
Forex Best Bot is a trend-following trading expert advisor based on a simple indicator strategy of following the market in the direction of global price movements.
The robot uses several moving averages with different periods for price analysis. Therefore, in theory, the robot can effectively trade virtually any trading asset or currency pair, provided it is properly optimized.
Profitable hedging advisor, minimize trading risks
The path to success in the stock market lies not in the pursuit of profit, but in maximizing the preservation of already earned capital, while additional profit becomes just a pleasant bonus.
Hedging is one of the most popular order management techniques for minimizing risk.
While institutional investors use hedging simply for insurance, more experienced traders use it to build strategies that demonstrate the highest returns.
In this article, you'll learn about a Forex expert advisor that uses hedging as a fundamental basis for profitability.
The OverHedgeV2 advisor is a trading robot designed for the fifth version of the MetaTrader trading terminal (MT5).
Its basic foundation was an excellent symbiosis of an entry strategy based on technical indicators, as well as a risk hedging system with a pyramidal structure for increasing trading volumes using the martingale method.
A hedging advisor is a multi-currency trading expert advisor that, with the proper parameters, can effectively trade any currency pair or time frame.
Averaging Advisor
A trader's profitability directly depends on their capital management model in Forex. However, using systems that minimize risk isn't always justified, as potential profitability typically also decreases significantly.
At the same time, aggressive money management models like averaging and martingale can make virtually any trading strategy temporarily profitable.
Unfortunately, however, aggressive models can only be used for short periods of time to achieve tangible goals due to the high risk in the long term.
You'll learn about one such Forex expert advisor based on averaging in this article.
EA RSI Averange is an averaging expert advisor based on the well-known standard oscillator known as the relative strength index. The robot is essentially a scalping approach to trading using overbought and oversold market zones, but without stop orders.
With properly optimized settings, this averaging expert advisor is effective on any currency pair, making it a truly multi-currency expert advisor.
Drovasek EA (No Indicators)
When trading in financial markets, it is very important to have a deep understanding of the strengths and weaknesses of a strategy, and, most importantly, of yourself.
This is necessary in order to correctly select a capital management system that would compensate for the weakness of the strategy.
However, traders often abandon the use of classic indicator systems, focusing on a capital management model.
A similar approach is used in all grid strategies, as well as averaging-based strategies.
This allows you to, at a minimum, eliminate numerous false signals, and, at a maximum, earn consistent profits in the Forex market with virtually no experience or a coherent strategy. You'll learn about such an algorithm in this article.
The Drovasek EA is an automated trading expert advisor based on indicator-free trading. More precisely, its operating principle is based on averaging with elements of grid trading using pending orders.
Specnaz Advisor
The habit of overcomplicating the trading process, as well as being skeptical of simple solutions, are among the most destructive qualities of a trader, preventing them from making money in the financial markets.
At first glance, it may seem that the principles of price movement cannot be explained by any logical explanation, but as practice shows, this statement is erroneous.
Very often, the simplest approaches, the effectiveness of which almost no one believes, actually turn out to be effective.
An example is Alexander Kononov's strategy, now better known as "Spetsnaz." In this article, we'll examine the advisor for the famous "Spetsnaz" strategy.
The Specnaz Advisor is an indicator-free trading expert based on the famous "Spetsnaz" strategy.
It is worth noting that a number of auxiliary filters were introduced into the Specnaz expert, which made it possible to use the robot on all currency pairs, and not as required strategy by default, strictly on Euro/dollar.
Two MA one RSI Advisor for MT5
Technical analysis has certain established rules for using tools, which are described in dozens of books and on various information resources.
The reality is that the appearance of a pattern or indicator line intersection does not guarantee that the price will move in the desired direction.
Unfortunately, most beginners regard the rules for using indicators as some kind of rigid axiom, depriving themselves of imagination and flexibility.
However, not all traders are so conservative in their views, and this allows for the creation of entirely new strategies and Forex advisors based on well-known indicators.
The Two MA one RSI advisor is a fully automated trading expert advisor for version 5 of the trading terminal, built on an indicator strategy using two moving averages and the relative strength index.
Two MA one RSI can safely be classified as a conservative trading robot, as it does not use dangerous and high-risk capital management models .
VR Smart Grid Lite Grid Advisor
Effective trading in today's market environment is virtually impossible without a clear and structured trading strategy that fully considers all possible scenarios.
Naturally, because signals need to be visualized, novice traders choose indicator strategies, as their underlying logic is clearer.
However, markets evolve, and sometimes indicators that were highly effective just ten years ago now result in losses.
This is, of course, because long-term trends are virtually nonexistent in the market.
Therefore, trading methods that rely on predicting the direction of a trend, such as well-known grid approaches, are more effective than ever.
One such Forex advisor, based on grid averaging, is presented in this article.
The VR Smart Grid Lite advisor is a next-generation grid trading expert advisor for the MT4 trading terminal, allowing traders to profit from all market fluctuations without relying on any particular trend.
Advisor GS Spider Forex Robot 2 Ultimate
For many beginning traders, learning to predict prices, understand their price movement patterns, and base their forecasts on this data is crucial. To achieve this, dozens of technical indicators and strategies are used, along with the study of various techniques that can accomplish this.
However, with experience comes the understanding that there is no Holy Grail, and that all indicators, lines, and the like merely help solve the tasks assigned to them in calculating market characteristics.
This is why indicator-free and grid-based trading has been actively developing for many years, where traders achieve maximum profits through competent money management and order placement.
While such strategies often have high drawdowns and are difficult to implement, they can also provide traders with high returns regardless of market conditions.
In this article, you will learn about one such Forex expert advisor:
GS Spider Forex Robot 2 Ultimate. This is a fully automated trading expert advisor based on intelligent grid trading with elements of loss averaging using martingale.
Three Candles Advisor
For some unknown reason, many beginners greatly underestimate the information content of candlestick charts. As a result, these traders can see a dozen indicators on the chart, while the price action itself is practically invisible.
In fact, charts can reveal a wealth of information to traders, ranging from the current balance of power between bulls and bears to signals of trend continuation or reversal.
Of course, not everyone can master every pattern, of which there are dozens, but the simplest and most common patterns should not only be familiar and studied, but also applied at the right moment.
One such powerful trend reversal and continuation pattern is considered to be the "Three Candles," and in this article, you will learn about the Three Candles forex EA, which allows you to fully automate trading using this pattern.
The Three Candles EA is a fully automated trading robot based on two candlestick analysis patterns: the " Three Black Crows " and "Three White Soldiers."
These patterns typically appear during a trend after a pullback or at the onset of a new trend, making the EA both trend-following and counter-trend-following.
Forex Advisor 2018 – Mactor Grid
Grid trading in the Forex market is one of the most popular forms of trading, as this style does not require in-depth market analysis, much less accurate market forecasting.
However, the price for using detailed strategies is an extremely high probability of drawdown and an equally high risk of completely losing the deposit.
To minimize risks, traders modify the concept of grid-based expert advisors so that the grid itself becomes not the basis of the strategy, but merely a money management tool, which significantly improves the strategy's effectiveness.
The Mactor grid expert advisor is a fully automated forex trading expert advisor based on a MACD- that utilizes a grid of orders for money management.
A notable feature of Mactor is its extensive customization options, allowing the robot to be adapted to any trading asset and timeframe.
It also offers the ability to perform two-way trading, where the robot can execute the grid in both directions depending on the strategy's signal.
Larry Conners RSI: Implementing the Strategy from Linda Raschke's Book
Not all successful traders hide their methods; in fact, some of them end their trading careers and actively begin training people, publishing books, and sometimes even creating advisors for Forex trading.
Among such traders are Linda Raschke and Larry Conners, who published a guide to technical analysis for beginners, "Market Secrets."
In this article, you'll learn about an expert advisor based on one of Larry Conners' strategies, as published in his book.
Larry Conners RSI is a trend-following trading robot based on Larry Conners' strategy, which is based on two standard forex indicators: the moving average and the relative strength index.
AlliHeik Bitcoin Advisor: Automated Cryptocurrency Trading
Cryptocurrencies have burst onto the trading scene and have captured the attention of virtually every trader.
The nature of their movement, especially when it comes to the speed of price movement in percentage terms, cannot leave anyone indifferent, whether a scalper or a conservative investor, who can achieve a year's return in just a month.
However, with the emergence of this new asset type, many traders have encountered enormous difficulties with automated trading, as most popular advisors simply refuse to work, and if trading does occur, it's far from successful.
Nevertheless, despite all the difficulties associated with using forex advisors, automated cryptocurrency trading is quite feasible, and in this article, you'll learn about a robot that can be successfully used on Bitcoin pairs.
AlliHeik is an indicator-based forex advisor that utilizes an indicator strategy based on technical analysis , allowing the robot to be used on all existing assets in the MT4 trading terminal.
NewMartin Advisor: A Completely New Look at Martingale
Martingale, as one of the most popular capital management models that allowed one to beat the casino in the short term, was quickly adapted to the stock market and later to the forex market.
However, despite the fact that the model itself has been used for decades, only a few traders have tried to change their approach to its application.
Currently, two martingale variations are common: a trend-based martingale, in which a new order is opened in a new direction with an increased lot size.
And a flat-based martingale, in which a trade with an increased lot size is opened in the same direction until the advisor makes a profit on Forex.
The most interesting thing is that either martingale scheme loses in a trend or in a flat, depending on the direction of the martingale.
Advisor Ten. Profit Capture with a Grid of Orders
Unfortunately, technical analysis , and specifically some of its tools, can demonstrate completely opposite effectiveness on different currency pairs.
Moreover, since market analysis involves considering multiple factors, from trend direction to finding an entry point, traders must use multiple tools simultaneously.
This situation leads to the emergence of increasingly complex trading tactics year after year, which are no less effective but, on the contrary, vulnerable to the slightest changes in the asset.
At the same time, grid strategies, focusing on the average volatility of an asset with proper optimization, demonstrate the highest efficiency, despite using a minimal set of tools.
You will learn about one such Forex advisor based on a grid strategy without an indicator in this article.
Ten Advisor is a fully automated trading robot based on a grid strategy without an indicator, utilizing Buy Stop and Sell Stop pending orders.
DeMarker Advisor. DeMarker Pivot Points
A notable feature of a trend is its obviousness in historical interpretation, while in real time, a clearly defined, targeted section of the market suddenly becomes something unpredictable and difficult to predict.
The most interesting thing is that the simplest tool in a trader's hands, the trend line, allows for effective trend identification and prompt response to changes.
However, these same trend lines pose a number of problems, as most people still don't know how to draw them, or which prices to base them on—closes or highs and lows?
Incorrect drawing leads to premature trades and incorrect identification of trend changes, which can have dire consequences.
The work of renowned trader Thomas DeMark, who introduced the concept of pivot points, a methodology for calculating them, and, most importantly, the rules for constructing levels based on them, helps eliminate all subjectivity.
Forex trading advisors are often based on similar levels.
Advisor Traffic Light
The use of moving averages is extremely popular among traders; moreover, this simple tool has found its place in hundreds of different trading strategies and Forex advisors based on them.
However, to this day, there's no definitive answer as to the optimal moving average period.
Increasing the value results in a partial signal lag and a complete disregard for short-term trends, while using small values completely ignores global trends, resulting in a huge number of false signals in Forex trading.
However, the author of the "Traffic Light" expert advisor took a completely different approach, managing to build an algorithm based on a moving average channel.
In addition to the channel itself, the advisor uses three other moving averages with different periods, allowing the robot to evaluate medium-, long-, and short-term trends.
Nonfarm Payrolls Advisor
News trading is one of the most attractive areas in the currency market, as the most noticeable reaction in the forex market occurs at the moment the news is published.
The emergence of economic calendars, which sort all events by date, currency, and market impact, collect statistics, and provide a detailed breakdown of macroeconomic indicators, has also contributed to the popularization of news trading
. Naturally, in such circumstances, anyone can develop the right response to a news release.
However, experienced traders are likely aware that the market's reaction to any given piece of news can be highly unpredictable, and in their trading, they only consider the emergence of market momentum, which they try to capture.
One such piece of news that an experienced trader will never miss is Nonfarm Payrolls.
However, traders can't always be in front of a computer screen on Friday, so forex advisors are often used. We invite you to learn about one such expert in this article.
