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.
FX Lightning Advisor – multi-currency stability
Each strategy in the Forex market is one way or another focused on a specific currency pair. The fact is that each currency pair has its own characteristics, for example volatility, maximum daily movement range, spread which can significantly affect the profitability of a trading strategy.
That is why every stock exchange textbook recommends that beginners choose a certain instrument and trade only on it in order to learn all the pitfalls of its pricing.
However, as a trader becomes more experienced, he begins to understand that the strategy he uses may enter so-called unprofitable periods (market conditions have changed).
Actually, such periods happen with every strategy, without exception, so in order not to suffer constant losses and flatten the profitability curve, you have to engage in trading other currency pairs.
Grand Master Advisor
Pairs trading, unlike trading according to an ordinary strategy on a specific currency pair, requires the trader to competently select two assets that show a pattern in price movement.
Thus, almost any strategy for pairs trading involves searching for a high direct or reverse correlations between currency pairs. With the correct construction of orders, due to correlation on different assets, there is a maximum reduction in risks and the use of hedging.
Unlike simple trading tactics, when trading paired strategies, profit is derived not only from correct speculation in a certain direction, but also from the accrual of a swap.
Thus, it is pair trading that combines the possibility of maximizing profit with minimal risks, and each trader, while holding a bunch of neutral positions, can earn at least a bank percentage, and this does not take into account winning transactions.
The Grand Master Advisor is a combination of two independent trading advisors that work on the basis of correlation and pair trading on Forex. Advisors can be used on almost 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. Forex Grail or just another paid dud?
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. Of course, you can manually check the viability of your idea over a historical period and draw certain conclusions, but this will take a fairly long period of time.
Moreover, there are no guarantees that when prices are formed in real time and the performance of work on a real account will coincide.
That is why automation of the simplest algorithms allows you to see an objective picture of the performance of your chosen tool.
The RideAlligator advisor is a trading expert that was born at the end of 2011 as a result of simple experiments on the effectiveness of one of the technical analysis , authored by Bill Williams.
Bill Williams made a huge breakthrough in the field of technical analysis by creating the Alligator indicator, which is the core of decision-making for opening positions in RideAlligator.
XE Pauk Advisor
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, since it requires the trader to have nerves of steel and complete presence at the monitor all day long.
Many operations, psychological pressure and many other factors sooner or later lead to big 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.
That is why, as a rule, scalping tactics are usually automated, which completely removes the human factor.
Advisor Ray Scarlper is a popular representative of scalping advisors, which has dynamic stop orders, profits and independently adapts to the market.
Ray Scarlper was successfully used in 2012-2013, but after reading reviews on various forums, our team learned that it has its own fans who use it to this day.
Profit Pacman Advisor
The Profit Pacman advisor is a new development from Russian traders and programmers, which appeared in mid-2016. At this stage, Profit Pacman is undergoing an active testing and optimization process, as well as collecting feedback to improve the functionality and performance of the expert.
Profit Pacman is based on the well-loved martingale, with the help of which the expert quickly recovers from almost any drawdown. Profit Pacman works based on a simple trend indicator trading strategy and is designed for trading on hourly charts.
Since Profit Pacman is an indicator robot, the choice of currency pair on Forex remains at the discretion of the trader, however, preference should be given to the main ones with a small spread size.
Installation
Before moving on to an overview of the settings and a preliminary test in the strategy tester, you will need to install Profit Pacman in MT4.
To do this, go to the end of the article and download the archive with the expert inside. Next, you need to get into the data directory of the trading terminal, which you can access by entering 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 is no secret that any trading advisor is based on a certain algorithm of actions, namely a Forex trading strategy.
As a rule, the desire to simplify their life as much as possible encourages traders to create advisors based on their trading tactics, but most often the appearance of advisors occurs due to the desire to test a certain indicator trading strategy over a large historical period, which is almost impossible to achieve with manual trading.
The FGF Advisor is an expert with the help of which a popular trading strategy called FGF was implemented among traders.
The advisor itself is based on an indicator trading strategy for trading on an hourly chart, so in principle it can safely be considered multi-currency.
Million Dollar Pips Advisor
Scalping tactics in the Forex market are one of the most attractive because they provide acceptable returns in a short period of time.
However, there is an even more profitable and radical approach - pipsing .
Unlike scalping, where it is very important for a trader to predict the possible price movement and take a short but goal of 15-20 points, during pips the trader’s potential profitability is 1-2 points, which means that the deal is held for seconds.
Naturally, if any person who has a strategy and reaction can engage in scalping in the market, then pip traders make their transactions purely with the help of an advisor.
By the way, pip traders are the main enemies of dishonest brokers who do not enter their transactions into 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 and at the same time effective development, which was
made publicly available in 2010. EMA WMA RSI is a fully automatic advisor that was created by a Russian trader enthusiast with the pseudonym Chimilion, who to this day pleases 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 is worth noting that due to the technical foundation of the advisor's strategy, it can be used on any trading asset, however, it is worth considering that it was primarily developed for major currency pairs.
Trend Scraper – scrape profits based on the trend
A trend is a goldmine for every trader.
It is during the period of trend movements of the most popular assets that the income of traders, well-known hedge funds and banking institutions simply goes off scale.
A strong trend in modern realities is an extremely rare occurrence, but the appearance of even the slightest hint of its appearance does not signify any income.
Trend Scraper is a modern expert, an automatic advisor that is completely focused on working on a trending market.
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 the indicator strategy
Many traders on various Forex forums constantly discuss the effectiveness of standard
indicators, and in most cases everyone agrees that they are ineffective.
In fact, this thought has crept into almost every trader who uses technical analysis.
That is why from year to year we can see the emergence of more and more new technical analysis tools.
Actually, the race for the Grail is not new, but in practice it becomes clear that future profit does not depend on the indicator, but on who uses 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 cyclical nature of markets means that the same trading strategy cannot consistently produce profits over a long period of time.
Therefore, every professional in his field has two or more differently directed trading tactics on hand, which allows him to diversify risks during unsuccessful periods of one strategy at the expense of the profits of another.
The Red Warrior advisor has embodied an integrated approach to solving the problem of market volatility, combining two completely opposite trading strategies into one algorithm, which trade simultaneously 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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