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.
Top Forex advisors
1. Mactor mesh
Mactor is a development from 2018, which is based on an indicator strategy based on the standard MACD, as well as a grid model of order management based on Martingale.
The robot tracks the trend and opens positions strictly in its direction, which allows you to minimize the number of martingale triggers and opening trades against the market.
One of the characteristic advantages of the robot is its omnivorous nature, because the expert can work with all currency pairs and on any time frames, if, of course, you first reconfigure it.
The robot is also perfectly customizable to the trader’s appetites, because by optimizing the parameters, you can make it quite conservative or, on the contrary, make it aggressive for a high-risk increase in the deposit.
Profitability can vary from several tens of percent to hundreds and even higher. The disadvantage of this robot is the relatively high working drawdown, as well as increased requirements for the size of the deposit. Profitability chart:
BF Smart Scalper EA is a complex scalping advisor designed for intraday trading. The robot is based on several technical indicators, but its main feature is that it takes into account changes in volatility; the transactions it makes always have a response to the price with a surge of activity.
Initially, the robot finds a global trend by comparing two moving averages, then receives a signal based on the breakout of the Bollinger Band, after which it opens its trade by checking the real activity of the market, measuring volatility.
This robot is also new for 2018, and it was even published in the MT4 market.
Its advantage is the complete absence of martingale and dangerous money management models, which allows you to use it even with a small deposit.
Also, the absence of a martingale means that the robot cannot drain the entire deposit at once, and most importantly, the working drawdown is at a very low level. BF Smart Scalper EA is a conservative robot, and its profitability graph looks like this:
3. AlliHeik
AlliHeik is a trading robot that was implemented to work out highly volatile movements of cryptocurrencies, specifically Bitcoin.
The robot was created according to an indicator strategy, which uses the famous Alligator indicator developed by Bill Williams, as well as the no less famous Heiken Ashi Smoothed indicator.
In fact, this expert is a very clear and typical example of trend advisors that does not use dangerous money management models.
The advantage of the robot is clear risk control, high potential profitability and omnivorousness, because it can be reconfigured for any cryptocurrency in your MT4.
Xarax is a representative of a new generation of robots, the first version of which was developed quite recently, namely in 2017.
So that you understand, Xarax is a pure mathematical robot that does not use any technical indicators.
So, from the moment it is plotted on the chart, the robot opens two trades in different directions, after which it closes the first with a profit, and brings the second into profit by averaging over the martingale.
One of the fundamental advantages of the adviser is a very simple, but at the same time, effective decision-making algorithm.
Thanks to it, the robot can be adjusted to any end conditions, thanks to which the expert demonstrates excellent profitability on almost all currency pairs.
The disadvantage, like all martingales, is the very high drawdown.
Larry Conners RSI is an automated version of the strategy from the book by Linda Raschke, owned by trader Larry Conners.
The robot is a trend robot, as it is formed by trading in the direction of a trend determined using moving averages and RSI.
The robot does not use dangerous capital models and can be configured to trade on all trading assets.
To summarize, it is worth noting that this rating of advisors for Forex is for informational purposes only, so be sure to double-check the profitability of the experts in the tester and on the demo account before you start trading with real money.