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.
FX Lightning Advisor – Multi-Currency Stability
Every Forex strategy is focused on a specific currency pair in one way or another. Each currency pair has its own characteristics, for example volatility, maximum daily range of movement, spread which can significantly affect the profitability of a trading strategy.
This is why every stock market textbook recommends that beginners choose a specific instrument and trade only on it in order to study all the pitfalls of its pricing.
However, as a trader becomes more experienced, he begins to understand that the strategy he uses can enter so-called unprofitable periods (market conditions have changed).
In fact, such periods happen with every strategy without exception, so in order to avoid constant losses and smooth out the yield curve, you have to use other currency pairs in trading.
Grand Master Advisor
Pair trading, unlike trading using a standard strategy on a specific currency pair, requires the trader to carefully select two assets that exhibit a consistent price movement pattern.
So, almost any strategy for pair trading involves searching for a high direct or reverse correlations between currency pairsCorrect order placement, based on correlation across different assets, minimizes risks and utilizes hedging.
Unlike simple trading tactics, when trading pair strategies, profit is derived not only from correct speculation in a certain direction, but also from the accrual of swaps.
Thus, pairs trading combines the opportunity for maximum profit with minimal risk, with each trader earning at least bank interest while holding a set of neutral positions, and this does not include winning trades.
The Grand Master Advisor is a combination of two independent trading advisors that operate based on correlation and pair trading on Forex. Advisors can be used on virtually any time frame, since it is based on a mathematical calculation with elements of averaging and hedging, so the expert will work the same on all time frames.
LowRiskScalper Advisor: The Holy Grail of Forex or Just Another Paid-for Scam?
The widespread popularity of the Forex market among the general public, as well as the overwhelming desire to make money in this field, has given rise to a new phenomenon: the emergence of sellers of profitable advisors.
In fact, the emergence of paid algorithms is not surprising, since a completely market law applies: if there is demand, then supply will inevitably appear.
Naturally, with the rapid popularity of robotic trading, hundreds of sellers have emerged who are willing to sell their brainchild for a couple of hundred, or even thousands of dollars.
The most interesting thing is that there is practically no difference between cost and efficiency correlations, and the buyer, as a rule, buys a pig in a poke.
It's also becoming increasingly common to see paid advisors being given away for registering via an affiliate link, attracting increasing user attention.
Wave Fighter Advisor
Recently, advisors distributed on various websites through affiliate programs have become increasingly popular.
You can also find websites online whose purpose is directly related to distributing robots for affiliate registrations and which offer no meaningful value to experienced traders.
In fact, all of these sites actively promote their developments with a massive advertising campaign, claiming the profitability of their robots and your promising future if you take advantage of their offer. But how profitable are the advisors from these sites?
Can they generate stable profits for their owners, and what is the benefit of giving away the goose that lays golden eggs?
The Wave Fighter advisor is a typical example of the kind of expert advisors that are given away completely free upon affiliate registration. The advisor was first publicly revealed around 2015, when their website was launched.
Advisor 2Sides_v5.0b6
Martingale-based robots gained widespread popularity after the release of the first version of Ilan, which is why you'll often see references like Ilan-like robots or similar terms on various information resources.
Martingale itself unites a huge group of trading experts, but it is Ilan who is the father of all martingales, from whom various modified experts began to be created.
On the effectiveness of trading experts based on martingale There is a very lengthy discussion going on, since the number of those who have lost money due to such robots is an order of magnitude greater than the number of those who have earned it.
However, it's important to remember that even without using robots, 90 percent of beginners lose their money, so you shouldn't be so categorical about martingale.
RideAlligator Advisor
Testing your own trading ideas becomes simply impossible without automation. While you can manually test the viability of your idea over a historical period and draw certain conclusions, this will take quite a bit of time.
Moreover, there are no guarantees that real-time price formation and trading performance on a live account will match.
That's why automating even the simplest algorithms allows you to see an objective picture of the performance of your chosen tool.
The RideAlligator Expert Advisor is a trading expert developed in late 2011 as a result of simple experiments on the effectiveness of a technical analysis developed by Bill Williams.
Williams made a major breakthrough in technical analysis with the creation of the Alligator indicator, which is the core decision-making engine for opening positions in RideAlligator.
Advisor XE Spider
The biggest mistake all beginning traders make is wanting to get everything right away. Naturally, greed and impatience have predictable consequences, usually resulting in the loss of the deposit.
Inflated lots and experts using extremely dangerous capital management approaches—all these symptoms are part of a larger stock market disease: greed.
The XE Spider Expert Advisor is a trading expert focused on medium-term trading and is a professional tool for generating profits.
If you're a beginner and exhibit all the symptoms described above, XE Spider isn't for you, as it doesn't use aggressive strategies and isn't capable of generating profits that would satisfy your thirst.
In fact, XE Spider has long been considered an expert advisor that delivers returns slightly above the bank's, but consistently.
Advisor Ray Scarlper
Scalping, as a trading style, is considered one of the most difficult to implement, as it requires nerves of steel and full presence in front of the monitor throughout the entire working day.
Numerous transactions, psychological pressure, and many other factors sooner or later lead to major mistakes, not to mention a simple nervous breakdown.
Unfortunately, the most profitable and promising trading style, which almost all beginners dream of mastering, turns out to be the most difficult.
This is why scalping tactics are typically automated, completely removing the human factor.
The Ray Scarlper Expert Advisor is a popular scalping EA, featuring dynamic stop orders, profit targets, and automatically adjusting to the market.
Ray Scarlper was successfully used in 2012-2013, but after reading reviews on various forums, our team discovered that it has its fans, who continue to use it to this day.
Profit Pacman Advisor
The Profit Pacman Expert Advisor is a new development from Russian traders and programmers, launched in mid-2016. Currently, Profit Pacman is undergoing active testing and optimization, as well as collecting feedback to improve its functionality and performance.
Profit Pacman is based on the beloved martingale strategy, which allows the expert advisor to quickly recover from virtually any drawdown. Profit Pacman operates on a simple trend-following indicator trading strategy and is designed for trading on hourly charts.
Since Profit Pacman is an indicator-based robot, the choice of currency pair on Forex is left to the trader's discretion, but preference should be given to key pairs with a small spread.
Installation:
Before reviewing the settings and performing a preliminary test in the strategy tester, you will need to install Profit Pacman in MT4. To do this, scroll to the end of the article and download the archive containing the expert advisor.
Next, navigate to the trading terminal's data directory, which you can access by going to the MT4 file menu.
Zverek Advisor – Quick Deposit Boost
Overclocking a deposit is considered extremely risky for a trader's capital. Typically, the risk of losing everything is significantly higher than achieving an acceptable result.
However, despite the high risks, the desire to maximize their balance so they can later transition to more relaxed trading often overwhelms traders.
To successfully increase their deposit, they must adhere to strict strategy rules and resist psychological pressure.
This is why expert advisors are the best solution for this task.
The Zverek expert advisor is a simple indicator-free EA that, using a grid approach and averaging, quickly increases a trader's deposit.
PipSwinger Advisor
Martingale-based advisors are particularly popular among novice traders. However, this approach to capital management is considered one of the riskiest, since, unlike the traditional approach, the loss is not a small percentage, but a near-total loss of the entire deposit.
However, despite the high risks, the martingale tactic allows for high profits in the short term, and a proper and prudent approach to position sizing allows these systems to remain viable for a long time.
The PipSwinger Expert Advisor is a prominent example of martingale-based robots and is extremely popular among novice traders.
Unlike other experts based on similar tactics, PipSwinger has a unique risk management system that significantly reduces the risk of losing your entire deposit in the event of a prolonged drawdown.
FGF Advisor
It's no secret that any trading advisor is based on a specific algorithm of actions, namely a Forex trading strategy.
Typically, the desire to simplify their lives as much as possible motivates traders to create expert advisors based on their trading tactics. However, more often than not, the creation of expert advisors stems from the desire to test a specific indicator-based trading strategy over a long historical period, which is virtually impossible to achieve with manual trading.
The FGF advisor is an expert advisor used to implement a popular trading strategy among traders called FGF.
The advisor itself is based on an indicator-based trading strategy for trading on an hourly chart, so it can safely be considered a multi-currency advisor.
Million Dollar Pips Advisor
Scalping is one of the most attractive tactics in the Forex market, as it provides an acceptable return in a short period of time.
However, there's an even more profitable and radical approach: scalping .
Unlike scalping, where it's crucial for a trader to anticipate a potential price move and set a target of 15-20 pips, even if it's short-term, scalping offers a trader a potential profit of 1-2 pips, meaning the trade is held for seconds.
Naturally, while scalping can be done by anyone with a strategy and reaction time, scalpers execute their trades exclusively with the help of an expert advisor.
Incidentally, scalpers are the biggest enemies of dishonest brokers who don't place their trades on the interbank market.
VKW Bands Advisor
Testing any trader's idea takes a considerable amount of time and effort, and, as a rule, there is always a human factor involved, which can always call the effectiveness of testing into question.
As practice has shown, the best way to test your own ideas is to program them and implement them as a trading advisor, which will handle all your trading according to strict rules.
Automation and programming allow you to accurately demonstrate and prove the effectiveness of your assumptions and developments.
The VKW Bands advisor is the result of a logical process of testing and implementing an advisor based on the VKW Bands indicator.
This expert advisor was developed by a foreign programmer who, like most traders, wanted to test the indicator's true effectiveness.
EMA WMA RSI Advisor
The EMA WMA RSI advisor is a fairly simple yet effective development that was
made publicly available in 2010. EMA WMA RSI is a fully automated advisor created by a Russian enthusiastic trader with the pseudonym Chimilion, who continues to delight traders with his interesting developments on various Forex forums.
The EMA WMA RSI Advisor is a trend robot that works using simple indicators, namely moving averages and RSI .
It's worth noting that the advisor's technical foundation allows it to be applied to any trading asset. However, it's important to remember that it was primarily developed for major currency pairs.
Trend Scraper – scrape profits according to the trend
A trend is a gold mine for every trader. It's during periods of trending movements in the most
popular assets that traders, renowned hedge funds, and banking institutions experience off-the-charts profits.
A strong trend is extremely rare in today's reality, but even the slightest hint of one signifies significant profits.
Trend Scraper is a modern expert advisor, an automated trading tool designed entirely for trading trending markets.
It is based on signals based on simple trading tactics using trend indicators, namely the moving average.
Boomerang Advisor
Boomerang Advisor is a unique development from 2008 that was actively sold
for $300.
Many buyers of this miracle were very pleased with this purchase, since at that time, the martingale was just entering the peak of its popularity in the forex market, and experts with their inflated profitability simply could not help but amaze.
Nowadays, when hundreds of advisors on various trading tactics are freely available, it's hard to surprise anyone, and martingale is becoming more of an object of contempt than surprise.
Advisor 10 pips multiplus
The 10 pips multiplus advisor is an implementation of the most popular breakout trading strategy based on the previous day's high or low. The idea of trading breakouts of important levels is far from new and is quite simple to explain.
You've probably all noticed more than once that when you open a daily candlestick chart, the candles follow almost exactly one after another, without any deviations, forming a clear trend.
The strategy's logic essentially boils down to the fact that if the price breaks the previous candle's low, it will close directly below it and continue its downward movement. If the price breaks the previous candle's high, it should hold above it and continue the upward trend.
From a logical standpoint, the essence of the strategy is very clear and explainable, but one should not forget about the concept of volatility, when the price can move in both directions and break two orders, and close in the middle of the previous candle.
FreeMan Advisor – the embodiment of an indicator strategy
Many traders on various Forex forums constantly debate the effectiveness of standard
indicators, and in most cases, everyone agrees that they are ineffective.
In fact, this thought has crept into the mind of almost every trader who uses technical analysis.
This is why, year after year, we can observe the emergence of more and more new technical analysis tools.
The race for the Holy Grail is nothing new, but in practice it becomes clear that future profits depend not on the indicator, but on the person using it.
Growth Bot
The Growth Bot advisor is one of the veterans in the field of automated trading on the Forex market, given that
the robot's creation date dates back to 2010.
Unlike other similar robots, this development features six-year monitoring, which shows the history of the advisor's ups and downs on a real account.
The peak of the Growth Bot advisor's popularity was the period from 2010 to 2013, when the balance curve grew at such a rate that all fans of automated trading showed interest in it.
However, starting in 2014, a bad streak began, and the advisor rapidly ate up the profits earned over the course of three years. Many online resources have already written off Growth Bot and relegated it to the category of so-called "money-sinkers.".
Red Warrior Advisor
A professional approach to trading requires market participants to constantly adapt to sudden changes in the market situation.
The constant volatility and cyclicality of the markets means that the same trading strategy cannot consistently generate profit over a long period of time.
Therefore, every professional has two or more different trading tactics at their disposal, which allows them to diversify risks during unsuccessful periods of one strategy at the expense of the profits of another.
The Red Warrior advisor embodies a comprehensive approach to solving the problem of market volatility by combining two completely opposite trading strategies into a single algorithm that trade simultaneously and independently of each other.
It was this interesting solution that led to increased efficiency and a significant increase in the number of profitable transactions.
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