Free Forex Advisors
Proven versions of robots for trading on Forex or the stock exchange, all advisors are tested and are fully functional. Thanks to this, you can evaluate the profitability of the work, as well as find out the purpose of the main script settings.
Forex advisors allow you to trade automatically, which makes it possible for even a novice investor to make money.
Analytical advisor for stock trading Cappuccino Limited
By tradition, today we are publishing another interesting script that does not trade itself, but will help you open profitable trades.
The main function of Cappuccino Limited is to analyze the asset and provide the trader with analytical information on the selected asset.
As you know, the price in the financial market is formed by the struggle between buyers and sellers. These participants can range from other investors to large funds, market makers and trading robots.
The advisor is completely universal and therefore suitable for trading on almost any asset from the metatrader 5 trading platform.
A simple advisor for Forex trading “Sanctions for you”, profit with low risk
Over the past six months, the situation in the financial markets has been more than stable, trends change almost every minute, in this situation many advisors stop working.
It is quite difficult to find a simple advisor that is designed for trading on such a dynamic market, so you can only rely on new, recently created scripts.
The “Sanctions for you” advisor appeared at the end of May 2022; this fact gives hope that the script is more or less adapted to the current situation.
The robot is designed for trading on the H1 hourly timeframe and everyone’s favorite currency pair eurusd, but can also be used on other assets.
Rating of the best advisors for Forex
Each 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 are radically different from each other, both in operating principles and in effectiveness.
Naturally, such different views on price movements are the very engine that makes technical analysis develop.
Therefore, it is not surprising that today you can find hundreds of different Forex advisors, and new robots appear from year to year.
Therefore, for beginners who have decided to switch to automated trading, it is quite difficult to find and select something worthwhile, because even checking and making sure it works can take a huge amount of time.
To make the task easier, the easiest way is to use the rating of Forex advisors.
Robot scalper BF Smart Scalper EA
The key problem that any scalper faces is to separate false signals from quality ones that provide the opportunity to make money.
The most interesting thing is that to achieve this goal, many resort to using many incomprehensible algorithms, which only lead to the complication of the strategy.
However, the answer lies on the surface and lies in finding real price impulses, and not working with an empty and inactive market.
It is quite difficult to do this manually; it is best to use a special expert for these purposes.
Today we will look at just such a Forex advisor that will help you get maximum profit from scalping opportunities.
Forex Best Bot Advisor
The developers of Forex Best Bot did not come up with a name for their product, but simply called it the best.
But they didn’t make a mistake, since literally back in 2011 this robot was almost the only successful project that did not use martingale in its raw form and at the same time had successful multi-month open monitoring.
The most interesting thing is that Forex Best Bot was a completely successful commercial product.
But its main highlight was a completely simple and at the same time understandable trading algorithm, the essence of which you will get acquainted with in this article. The Forex Best Bot Advisor is a trend trading expert that is based on a simple indicator strategy of following the market in the direction of global price movements.
The price analysis robot uses several moving averages with different periods. Therefore, in theory, the robot can conduct effective trading on almost any trading asset or currency pair, but subject to proper optimization.
Profitable hedging advisor, reduce trading risks to a minimum
The path to success on the stock exchange lies not through the pursuit of profit, but through the maximum preservation of already earned capital, while additional profit becomes only a pleasant bonus.
One of the most popular techniques in order management, which allows you to minimize risks, is hedging.
However, if institutional investors use hedging only for the sake of insurance, then more experienced traders build strategies on its basis that demonstrate the highest profitability.
In this article, you will be introduced to a forex advisor that uses hedging as the basic basis for profit.
Advisor OverHedgeV2 is a trading robot created for the fifth version of the Meta Trader trading terminal (MT5).
Its basic basis 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 martingale.
A hedging advisor is a multi-currency trading expert that, with proper adjustment of the parameters, can effectively trade on any currency pair or time frame.
Averaging Expert Advisor
A trader’s profitability directly depends on the money management model in Forex. However, it is not always justified to use systems with maximum risk reduction, because potential profitability, as a rule, is also noticeably reduced.
At the same time, aggressive money management models such as averaging and martingale make it possible to make almost any trading strategy profitable for a time.
But, unfortunately, aggressive models can only be used for a short time to achieve very tangible goals, due to the high risk in the long term.
You can get acquainted with one of these Forex advisors, which is based on averaging, while reading this article.
EA RSI Averange is an averaging advisor based on the well-known standard oscillator called the relative strength index.
The robot, in fact, is a kind of implementation of the scalping approach to trading using overbought and oversold zones of the market, but with the absence of stop orders. The averaging advisor is effective with proper optimization of settings on any currency pairs, which undoubtedly makes it a multi-currency expert.
Drovasek EA non-indicator advisor
When trading in financial markets, it is very important to have a deep understanding of the strengths and weaknesses of the strategy, as well as, first of all, yourself.
This is necessary in order to correctly select a money management system that would compensate for the weakness of the strategy.
However, traders often refuse to use classical indicator systems, focusing on the money management model.
A similar approach is used in all grid strategies, as well as strategies based on averaging.
This allows you, at a minimum, to get rid of many false signals, and at maximum, with virtually no experience and in the absence of a clear strategy, you can consistently make money on the Forex market. You will get acquainted with a similar algorithm in this article.
Advisor Drovasek EA is an automated trading expert that is based on non-indicator trading. To be more precise, the principle of its operation is based on averaging with elements of grid trading using pending orders.
Specnaz Advisor
The habit of complicating the trading process, as well as being skeptical of simple solutions, are among the most destructive qualities of a trader that prevent you from making money in the financial markets.
At first glance, it may seem that the principles of price movement defy any logical explanation, but as practice shows, this statement is erroneous.
Very often, the simplest approaches, in the effectiveness of which almost no one believes, actually turn out to work.
An example was the strategy of Alexander Kononov, which is now better known by the name “Special Forces”. Actually, in this article we will look at the advisor for the famous “Special Forces” strategy.
Advisor Specnaz 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, purely on Euro/dollar.
Advisor Two MA one RSI 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 intersections of indicator lines does not at all guarantee that the price will start moving in exactly the right direction.
However, most beginners, unfortunately, consider the rules for using indicators as some kind of unbreakable axiom, depriving themselves of imagination and the ability to maneuver.
However, not all traders are so conservative in their views, and this allows you to create completely new strategies and Forex advisors based on well-known indicators.
The Two MA one RSI Advisor is a fully automatic trading expert for the fifth version of the trading terminal, which is built on the basis of an indicator strategy using two moving averages and a relative strength index.
Two MA one RSI can be safely classified as a conservative trading robot, since the expert does not use dangerous and high-risk money management models .
Grid Advisor VR Smart Grid Lite
Effective trading in modern conditions is almost impossible to achieve without a clear and structured trading strategy that would fully take into account all possible scenarios.
Naturally, due to the fact that signals need to be visualized, novice traders choose indicator strategies, since the logic behind them is more understandable.
However, markets do not stand still and sometimes those indicators that were very effective just ten years ago now bring complete losses.
This is, of course, due to the fact that multi-year long-term trends practically do not appear on the market.
That is why today, more than ever, trading methods work where it is not so important to predict the direction of the trend, such as the famous grid approaches.
One of these Forex advisors, based on grid averaging, is presented in this article.
The VR Smart Grid Lite Advisor is a new generation grid trading expert for the MT4 trading terminal, which allows a trader to make money on all market fluctuations without being tied to any tendency or trend.
Advisor GS Spider Forex Robot 2 Ultimate
For many novice traders, it is very important to learn how to predict the price, understand the structure of its movement and build their forecasts based on this data.
To achieve this goal, dozens of technical indicators, strategies are used, as well as studying all kinds of technical techniques that would cope with this task. However, with experience comes the understanding that there is no Grail, and all indicators, lines and the like only help solve the tasks assigned to them in calculating market characteristics.
That is why, for many years now, the non-indicator and grid trading style has been actively developing, where, through competent money management and placing a network of orders, the trader achieves maximum profit.
Yes, such strategies often have high drawdowns and are difficult to use, but at the same time they can provide the trader with high profitability, regardless of the situation on the market.
In fact, you will get acquainted with one of these Forex advisors in this article.
GS Spider Forex Robot 2 Ultimate is a fully automatic trading expert, the basic basis of which is competent grid trading with elements of averaging losses using martingale.
Candlestick Advisor EA Three Candle
Many beginners, for some unknown reason, greatly underestimate the information content of a candlestick chart. As a result, such traders can see a dozen indicators on the chart, while the price itself is practically invisible behind them.
In fact, charts can reveal simply enormous information for a trader, starting from the current parity of forces between bulls and bears and ending with signals for a continuation or reversal of the trend.
Of course, not everyone can study all the patterns, of which there are dozens, but the simplest and at the same time the most frequently occurring patterns should not only be familiar and studied, but also applied at the right time.
One of such strong patterns of trend reversal and continuation is considered to be “Three Candles”, and in this article you can get acquainted with the forex advisor EA Three Candle, which will allow you to fully automate trading using this pattern.
The EA Three Candle Candlestick Advisor is a fully automatic trading robot that is built on the basis of two candlestick analysis patterns: “ Three Black Crows ” and “Three White Soldiers”.
These patterns, as a rule, appear during the movement of a trend after a rollback, or when a new trend emerges, which undoubtedly makes the expert trend and counter-trend at the same time.
Forex advisor 2018 – Mactor grid
Grid trading in the Forex market is one of the most popular areas of trading, because this particular 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 no less high risks of completely draining the deposit.
In order to minimize risks, traders change the concept of grid advisors so that the grid itself becomes not the basis of the strategy, but only money management, which can significantly increase the effectiveness of the strategy.
Mactor Grid is a fully automatic trading expert for forex, which is based on an indicator strategy based on MACD using a grid of orders as money management.
A notable feature of Mactor is the depth of its settings, which allows you to adapt the robot to any trading assets and time frames.
And also the possibility of two-way trading, when the robot can implement the grid in both directions depending on the received strategy signal.
Larry Conners RSI. Implementation of strategy from the book by Linda Raschke
Not all successful traders hide their methods; moreover, some of them end their trading careers and actively begin training people, publishing books, and sometimes creating advisors for Forex trading.
One of these traders is Linda Raschke and Larry Coners, who published a book, a guide to technical analysis for beginners, “Exchange Secrets.”
In this article you will get acquainted with the advisor, which is written according to one of Larry Coners' strategies published in his book.
Larry Conners RSI is a trend trading robot, which is written on the basis of Larry Conners' strategy, which is based on two standard forex indicators, the moving average and the relative strength index.
Advisor for Bitcoin AlliHeik. Automated cryptocurrency trading
Cryptocurrencies have burst into the world of trading and have attracted the interest of almost all categories of traders.
The nature of their movement, and especially if we talk about the speed of price passage in percentage terms, cannot leave either a scalper or a conservative investor indifferent, who can receive an annual return in almost a month.
However, with the advent of a new type of asset, many traders encountered enormous difficulties with automated trading, since most popular advisors simply refuse to work, and if the trading process itself occurs, it is far from successful.
However, despite all the difficulties of using forex advisors, automatic trading of cryptocurrencies is more than real, and in this article you will get acquainted with a robot that can be successfully used on Bitcoin pairs.
AlliHeik is a Forex indicator advisor, which is based on an indicator strategy based on technical analysis , which allows you to use the robot on all existing assets in the MT4 trading terminal.
Advisor to NewMartin. A completely new look at martingale
Martingale, as one of the most popular money management models, which made it possible to beat the casino for a short time, was quickly adapted to the stock market, and later to the forex currency market.
However, despite the fact that the model itself has been used for decades, only a small number of traders have tried to change the approach to its application.
At the moment, you can find two variants of martingale, a trend one, when a new order is opened in a new direction with an increased lot.
And flat, when a transaction with an increased lot is opened in the same direction until the advisor makes a profit on Forex.
The most interesting thing is that one or another martingale scheme drains either in a trend or in a flat, depending on the direction of the martingale.
Advisor Ten. Catching profit with a grid of orders
Unfortunately, technical analysis , namely some of its tools, can demonstrate completely opposite effectiveness on different currency pairs.
Moreover, since market analysis involves taking into account many factors, from the direction of the trend to finding an entry point, the trader has to use many tools at the same time.
This situation leads to the emergence from year to year of more and more complex trading tactics, 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, provide the highest efficiency, and this despite the fact that a minimum set of tools is used.
You will get acquainted with one of these Forex advisors based on a grid-based strategy without an indicator strategy in this article.
The Ten Advisor is a fully automatic trading robot based on a non-indicator grid strategy using pending Buy Stop and Sell Stop orders.
Advisor DeMarker. Demark's reference points
A notable feature of a trend is its obviousness in historical interpretation, while in real time, an understandable, targeted area of the market suddenly becomes something unpredictable and difficult to predict.
The most interesting thing is that the simplest tool in the hands of a trader, the trend line, allows you to effectively determine the trend, as well as respond in a timely manner to its changes.
However, there are a number of problems with the same trend lines, because to this day most people do not know exactly how to build them, what prices to take as a basis, closing prices or minimums and maximums?
Incorrect construction leads to premature opening of trades and incorrect identification of trend changes, which entails very serious consequences.
The works of the famous trader Thomas DeMark, who introduced the concept of reference points, the methodology for their calculation, and most importantly the rules for constructing levels based on them, help to discard all subjectivism.
Forex trading advisors are often based at similar levels.
Advisor Traffic Light
The use of moving averages is very popular among traders; moreover, this simple tool has found its place in hundreds of different trading strategies and Forex advisors that are built on their basis.
However, to this day there is no clear answer as to what exactly is the optimal period for moving averages.
When the value increases, the signal partially lags and the short-term trend is completely ignored, and when small values are used, the tool completely ignores global trends, which leads to the appearance of a huge number of false signals on Forex.
However, the author of the “Traffic Light” advisor took a completely different path, since he managed to build an algorithm based on the moving average channel.
In addition to the channel itself, the advisor uses three more moving averages with different periods, which allow the robot to evaluate the medium-term, long-term and short-term trends.
Nonfarm Payrolls Advisor
News trading is one of the most attractive areas in the foreign exchange market, since it is at the moment of publication of the news that the most noticeable reaction of the forex market occurs.
Also, the popularization of news trading was influenced by the appearance of economic calendars, which sort all events by date, currency and degree of influence on the market, collect statistics and provide a detailed breakdown of the macroeconomic indicator.
Naturally, in such conditions, any person has the opportunity to develop the correct response scenario to the release of news.
However, experienced traders probably know that the market’s reaction to this or that news can be very unpredictable, and in their trading they take into account only the emergence of a market impulse, which they try to catch.
One of such news that an experienced trader will never miss is Nonfarm Payrolls.
However, it is not always possible for a trader to be at the monitor on Friday, which is why Forex advisors are often used. In fact, we propose to meet one of these experts in this article.