New traders often have high hopes for automated Forex trading by robots. However, each such system has its own important features, and if used incorrectly, it can only bring losses. When choosing a Forex advisor, you need to take into account not only the strategy that underlies it, but also many other factors: VPS requirements, minimum deposit, recommended currency pairs.

I have compiled a list of the best advisors in 2018, which, with the right approach, can generate stable income. Among them are both martingale robots and safer options for automatic trading systems from the point of view of money management.

Trend scalper for the Asian session with entry into a trade at the moment of a rollback of the main trend. You can filter market signals by a channel indicator that evaluates volatility.

There are 4 options for automatically closing orders:

1. When you touch the stop loss or take profit level.
2. Based on the signal from the indicator built into the trading system.
3. By the degree of indentation from the indicator channel.
4. When setting a time limit.

The order network and Martingale strategy are not used, but depending on the set, recovery can be used, that is, increasing the lot. Please note: like any scalper, Forex robot Asia works best on ECN accounts with maximum execution speed.

Due to its stability and good profit statistics, this trend advisor is perfect for confident trading for several years. The popularity of the robot is so high that you can download it in almost any advisor store or on a traders forum.

List of currency pairs for working with the Asia advisor: EURGBP, EURCHF, GBPUSD, GBPCAD, GBPCHF, USDCAD, USDCHF, USDJPY.

Martingale advisor for trading GBPUSD around the clock on the M1 timeframe. Due to the peculiarity of the strategy, which involves increasing the lot volume when the previous transaction goes into drawdown, this robot is recommended to be used only by experienced traders.

The main rule when working with Forex Setka Trader is timely withdrawal of profits. The first withdrawal must be made immediately after reaching the profitability level of 100%. Subsequently, withdraw your profit weekly or at least once a month, leaving in the account only the amount necessary for correct operation. If this condition is met, the Forex advisor for accelerating small deposits is capable of bringing in more than 2000% in less than a full calendar year.

When trading any, even the most profitable advisors with the Martingale strategy, it is important to choose the right amount of the initial deposit. If the first trade goes negative, the program will open the next one with an already increased lot, and the lack of funds in the account will lead to a margin call. Recommended capital amount: from $250 for a lot of 0.01. It is worth paying attention to cent accounts, where trading with this advisor is less expensive.

The trading strategy of this cost-effective EA is to simultaneously attach the robot to two different GBPUSD M1 charts. On one we configure the robot for sales, and on the other - exclusively for purchases. Don’t forget to manually change the Magic Number parameter, which will allow the program to create grids of orders that are independent from each other and thereby reduce risks.

A prerequisite for effective operation of Forex Setka Trader is round-the-clock access to trading servers. If it is not possible to keep your computer on all the time, get access to a VPS server from your broker.

Forex Setka Trader, in my opinion, is one of the best advisors for accelerating small deposits.

3. Wall Street Forex Robot

Profitable Forex robot for scalping on EUR/USD and quickly closing transactions. Stable profits are achieved due to round-the-clock work and the ability of the advisor to change the strategy in accordance with market conditions.

It is recommended to use the latest version of Wall Street forex robot (at least 3.9), as it significantly reduces risks by reducing stop losses. This modification reduced the level of possible profit, but made the adviser more reliable in the overall perspective.

Main features of Wall Street forex robot:

• quick results due to scalping strategy;
• quick recovery of losses thanks to a well-thought-out algorithm;
• strict risk control through stop orders;
• calculating the probability of profit before opening a transaction and entering the market only with a high chance of making a profit.

For the first launch and testing of the advisor on a real account, a deposit of $500 is sufficient. Thanks to such low financial costs, this robot definitely fits the concept of the best Forex advisor.

4. Forex Hacked Pro

Another martingale advisor with a wider selection of currency instruments. AUDUSD, GBPUSD, USDCAD, EURGBP, EURUSD, EURJPY, EURCHF, USDJPY, USDCHF are suitable for automatically making a profit using it.

The timeframe for this EA is H1, so the trade can be held from one day to several weeks. To avoid unnecessary costs, it is recommended to run it on swap-free accounts. It is also recommended to choose accounts with floating rather than fixed spreads.

The advisor uses not only martingale, but also several scalping strategies that help effectively determine entry points. Since the system is multi-currency, the number of simultaneously open orders will be greater than when using Forex Setka Trader. Accordingly, this requires a more impressive deposit compared to a single-currency system.

Smooth profit growth with Forex Hacked Pro is ensured by special settings for each pair. In addition, the drawdown periods for different pairs will not coincide, so a sudden loss of deposit is unlikely.

A robot created to make money around the clock on trend rollbacks on the H4 timeframe. Based on testing results, it is suitable for the following instruments: EURGBP, EURJPY, EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY, USDCHF.

The operating principle of Milky Way is to identify a trend using Bollinger Bands and start a trade after a rollback. When choosing the best moment to enter the market, the characteristics of the candles that broke through the indicator, their size, type and location are taken into account. The Ozymandias and DeMarker indicators act as filters.

Stop loss and take profit levels are “trailed” with a certain step during trading. The transaction can be closed not only by TP or SL, but also when a signal from one of the indicators appears: stochastic, coefficient for assessing the characteristics of a candle, MACD or ATR.

Trading advisor for the EURUSD pair and hourly timeframes. The algorithm is based on the Parabolic SAR indicator and increasing the lot according to the Martingale strategy. Due to this strategy, the minimum deposit for a lot of 0.1 should be at least $6,000.

Please note that the advisor is not adapted to process five-digit quotes. If trading on a four-digit account is not possible, increase the StopLoss and TakeProfit levels by 10 times to stabilize the strategy.

Experienced traders advise starting real testing with cent accounts, and only after several months of work switching to a classic account. The reason is that any advisor working according to the Martingale strategy can present its owner with an unpleasant surprise in the form of an unexpectedly large drawdown.

7. Equilibrium

An advisor for the M15 and H1 time frames, analyzing minor movements within a trend based on indicator signals. Currency instruments USD/CAD, EUR/USD, AUD/USD, GBP/USD are recommended for trading. A carefully thought-out strategy without such dangerous methods as martingale and a grid of orders allows us to safely call this robot one of the best advisors.

Determining the right moment to enter a trade is based on indicator signals that evaluate the direction of the trend. Please note that according to the results of some tests, the advisor causes the account to draw down for a period of 1 to 4 months, but then recovers and switches to profitable mode again.

Please note that for reliable and stable operation of the advisor, it is recommended to set the risk level to 2% for each chart or use a fixed lot. It is necessary to ensure round-the-clock operation throughout the trading week, so for correct results you will need a reliable VPS server.

The Forex market is growing every year. More and more people want to join currency trading. Trading is a very complex process, so even experienced financial market participants resort to the help of various programs. They allow you to quickly analyze the market and make the right decision. Some of them can even trade automatically. This article will focus on trading robots and Forex advisors.

There are many controversies and myths surrounding Forex. Many are even convinced that this market does not exist at all. This is just a fiction so that the broker can lure money from gullible clients. This is the way of thinking of those who have lost their capital in the market and cannot figure out where they made a mistake.

Experienced traders with several years of experience will confidently confirm that you can make money from currency speculation. To do this, each market participant develops his own trading strategy, which he adheres to. If she shows good results throughout the year, she can be integrated into the program. For this purpose, the MQL language is used, which is built into MetaTrader4.

Trading advisors and robots themselves are divided into several types depending on their automation. Among them are:

1. Automatic.

They are considered the most universal because their work is fully automated. They are capable of independently trading Forex without human intervention. Their work includes analyzing the market, charts, calculating available capital, determining the optimal lot, opening a position with stop losses and take profits. If necessary, they close the deal automatically.

1. Semi-automatic.

Such trading advisors and robots are also common among traders. They carry out the same work as automatic ones, only the final decision on opening and closing a position remains with the person. Automatic programs can also be used according to this principle. Even experienced traders prefer to use semi-automated robots and advisors for Forex trading.

1. Scripts.

These are auxiliary programs that can be used for trading. They do not analyze the market and do not offer opening positions, but, nevertheless, without them it is impossible to process a large amount of information.

The main types of trading robots and Forex advisors

There are several different types of Forex trading robots and advisors on the market. They differ in the type of strategy. They can be roughly classified as follows:

1. Trending.

Such programs are configured for trend trading. The strategy is based on obtaining maximum profit when reaching peak value. Robots open a trade for several days while the trend continues. So far, such programs demonstrate the highest profitability

1. Martingale principle.

Gamblers are probably very familiar with the Martingale strategy. Its essence is to constantly increase the bet in order to recoup all losses in one fell swoop. Forex advisors, in case of loss of part of the capital, open a new position for a larger amount to compensate for losses. Of course, such a strategy can lead to a quick loss of the deposit if an ineffective robot is trading and enters the market at the wrong time.

1. Multicurrency.

Such programs are in great demand among traders. Their peculiarity is that they are able to conclude transactions on several currency pairs at once.

1. Scalpers and pip traders.

If previous robots and advisors usually conclude only a few medium-term transactions, then programs of this type are capable of opening many positions in a short time to achieve maximum results.

A user can download a free trading robot and Forex advisor on the Internet, but it may not be effective. The fact is that developers do not monitor the operation of such programs, so their algorithm is rarely updated. Traders will have to configure it themselves to get results. Of course, without experience in this matter it is quite difficult to solve such a problem.

On the other hand, there are paid trading robots and advisors on the network. You can download them after payment. On average their cost is 100-200 $ . Overall, this is a small investment considering the capabilities of such programs. However, there remains a risk, since no advisor or robot guarantees 100% profit.

Below is the rating of Forex advisors for 2017. It contains the best trading robots that have shown excellent results recently. However, keep in mind that some of them require constant adjustment, since the market situation is characterized by its volatility.

Advisor	Type	Minimum deposit, $	Shoulder	Profitability, % per annum	Maximum drawdown, % per annum	Stop Loss	Take Profit
BumbleBeeFX	trendy	1 000	400	96,33	15,29	Yes	Yes
Laba Forex EA	trendy	1 000	500	83,41	43,73	Yes	Yes
Master Scalper	scalping	1 000	100	84,37	38,69	Yes	Yes
BFS Trident Robot	trendy	1 000	500	53,37	16,29	Yes	Yes
Taren Forex EA	trendy	1 000	500	86,33	44,68	Yes	Yes
WallStreet Robot	scalping	1 000	500	94,57	54,31	Yes	Yes
Forex Diamond EA	trendy	1 000	500	63,39	34,35	No	Yes
Forex Weapon	trendy	1 000	500	78,38	29,28	No	Yes
Oswin Forex Robot	scalping	500	100	73,38	44,96	Yes	Yes
Goldbull Pro	trendy	1 000	500	57,42	34,40	Yes	Yes

Advantages and disadvantages of trading robots and Forex advisors

Such programs have their pros and cons. Every trader should know about them in order to appreciate the full benefits of using such services. It's worth starting on the positive side.

1. Passive income.

If the trading strategy is correctly integrated into the robot, then the trader will not have to interfere with the work of the advisor. Due to this, you can create a reliable and stable income.

1. High profitability.

The bulk of trading robots are capable of providing profitability in 50% per annum. The best Forex advisors show results before 100% . Deposit rates in banks will never bring such profits.

1. Small investment.

The cost of a trading robot remains affordable for most people, as it is $100-200. For stable work, an advisor only needs to have a capital of $1000.

1. Test on a demo account.

Before using the program on a real deposit, each trader can test it on a virtual account. This way you can verify the effectiveness of the robot without additional financial risks.

Despite this, Forex advisors also have their drawbacks. Among the disadvantages are:

1. Ineffective programs.

Companies don't always try to sell efficient robots. Some services actually work using the Martingale strategy, which is easier to integrate into the program. As a result, the buyer receives a low-quality product, and after some time of working with it, his deposit is lost.

1. Need for customization.

If developers have stopped monitoring the work and performance of their advisor, then updates will not be released to it. This means that you will have to configure the robot yourself. To do this, you need to at least have trading knowledge in order to make adjustments to the settings.

Forex trading advisors have long been a desired product for Internet users. Everyone dreams of passive income, but creating it is not so easy. Write in the comments about your experience with robots and did you manage to make money on Forex with their help?

As an alternative, we suggest you familiarize yourself with investments in PAMM accounts.

Hello, dear traders! Today I want to present you with a detailed review of TOP 10 Forex advisors for 2017 that can actually make a profit.

Uses parabolicSAR and RSI indicators during operation, the parameters of which are optimized automatically. During trading, it also uses a trailing stop on parabolic, thereby allowing you to reduce losses and keep all earnings received in your account. The robot is optimally configured for trading on such instruments as USD/JPY, AUD/USD, of course EUR/USD and GBP/USD. Using the described indicators in trading, the robot receives trading signals and begins to open trades if these signals arrived at the same time. Positions can only be opened at opening prices and only when signals are issued. If there is no match, the robot will not execute the trade, reducing the likelihood of losing positions. How many positions a Forex advisor opens is also affected by market volatility.

An advisor based on a simple algorithm, but capable of generating profit if configured correctly. It uses pending orders, each of which has its own customizable parameters. The robot operates on the following principle: after the grid of orders has been plotted on the chart, the advisor will wait until any order is triggered, and if it is a sell order, then the buy order will be automatically excluded from the grid. If the profit on the order has been recorded, further orders will be opened, but in larger quantities. The advisor uses trailing stops when trading the EUR/USD pair to prevent losses.

Works according to the moving average strategy. It's no secret that moving averages are one of the best tools for technical analysis, which can quickly adapt to changing market conditions. Despite this, many traders cannot determine the period of moving averages. However, this Forex advisor managed to solve this problem - it automatically determines the required periods based on the trend that is present in the market. The Forex advisor works as follows: it opens a large number of transactions, some of which can be closed with a small loss, however, as soon as it determines the direction of the trend, just one transaction will cover all losses from previous ones and even bring profit beyond that. The robot is very easy to optimize and configure due to a small number of parameters. The advisor performs well on small accounts and interacts best with dollar/yen, euro/dollar and pound/dollar pairs.

This robot is a truly unique development, capable of quickly adapting to changing market conditions. Also, the feature of this Forex advisor is that the trader has the opportunity to customize and optimize its functionality specifically for the quote that is most preferable for this Forex advisor. The Calypso advisor automatically determines the best case for opening an order; there are often cases when it has not opened a single position for several days. However, as soon as the adviser determines the entry point, it will open the optimal position, thereby reducing the likely losses. The robot gives the trader the opportunity to independently choose whether it is necessary to set automatic stop-loss or not.

Forex Hacker is a trading robot that operates by applying several scalping strategies for multiple currency pairs. The pro-format of the Forex advisor opens many orders and does not hold open positions, and this allows you to use the robot with greater profit. An important feature of the robot is that it can adapt to almost any pair of currencies, thereby allowing you to diversify your funds and mitigate possible risks. During testing, it was revealed that the periods of drawdown of funds on the account differ depending on the pairs, and this once again confirms the stability and safety of this trading robot. The best results were obtained for the dollar/Canadian dollar, euro/yen, euro/dollar and euro/pound pairs. The best time frame is considered to be H1.

The method of operation of this trading robot is built around a scalping system, which opens orders in the direction of the latest price jump. The advisor analyzes the speed of ticks and begins to open positions in the direction of the noticed trend. Most often, the advisor does not open trades for more than a couple of minutes; therefore, it is important that your broker allows you to open positions without slippages and requotes, and provides a low spread (for example, the AMarkets broker). We would also like to draw your attention to the fact that during the testing period (six months), the maximum drawdown on the deposit was only 1.28%. Thus, we can conclude that this advisor is one of the most stable and reliable to use.

This robot is very easy to set up and understand. It does not use special analytical systems to determine the optimal points for opening positions in the market. Its main mechanics are based on a trailing stop, which allows you to catch serious trends and get maximum profit from them. Trailing Stop uses the ATR indicator as a basis. The starting position is determined by the input parameter, the following directions will be opposite to the previous ones. Trailing stop allows you to close and open new positions automatically. On MT4, during 8-month testing, the Forex advisor showed a small but reliable result - a little more than 15%. At the same time, the highest level of drawdown was no more than 5%. It is recommended to use the hourly timeframe and trade the euro/dollar pair.

Forex advisor myPickyBreakout was created specifically for those who want to conduct transactions with minimal risk. The robot applies the intraday “Breakout” strategy. The conditions of the strategy are so simple that they are suitable even for beginners. Trading with this strategy takes little time - one day. The Forex advisor carries out a long trade if the highest value of the previous day (bar) is higher than the highs of the eight previous bars. If the lowest value of the previous day is below all lows of the eight bars before it, the myPickyBreakout forex robot makes a short trade. The position is open until an opposite signal is formed or is not closed within five bars (days). The program generates signals only on three specific days - Tuesdays, Wednesdays and Thursdays. We all remember that Monday is not the most favorable day for trading on the stock exchange, and the advisor takes this into account. There is no loss limiter and profit taking in the EA, since they are not needed in this case - the opening of bars is under the control of the robot, and therefore you can check its operation without simulating ticks.

This is a very simple and yet incredibly profitable trading robot. This trading expert enters the market based on the analysis of candles for the presence and direction of a trend, as well as their closing prices on various timeframes. If the development scenario does not justify itself, the Forex advisor opens a hedging transaction, after which, if a reverse trend occurs, a profit is recorded. A system that allows you to turn losing trades into serious profits was developed specifically for this advisor. We would like to emphasize that this robot is perfect for beginners in trading, as it allows you to make a profit already in the initial stages of work. The advisor comes with detailed instructions for setup and optimization, which does not require any special knowledge to understand.

This Expert Advisor is a highly efficient analytical algorithm that is highly profitable and at the same time easy to configure and optimize. The advisor works according to the Martingale method, which relies on a gradual increase in the lot if the previous one loses. The Forex advisor listens to several convenient indicators that allow you to identify optimal entry points: CCI, Moving Average. CCI performs analysis on one line, and MA on 3. A special feature of this Forex advisor is the ability to trade several packs of orders on each side. The robot is capable of producing results over a long period of time.

More recently, the Internet and systems associated with the Forex exchange began to be literally overflowing with information about free advisors. A novice trader keeps receiving a lot of offers to download one or another of them, which will help increase income to fabulous sums.

Choosing a Forex Expert

Naturally, if all free advisors really allowed you to trade on the Forex exchange without risks and only with income growth, then there would be much more people with millions in their accounts than there are now.

It should be noted that they help traders increase their well-being. They allow beginners to understand the basics of trading and understand the principle of trading on the stock exchange. So what are these free algorithms and why are they so popular on the Internet?

The comparative characteristics of advisors come down to the global trading scheme of the currency exchange - Forex. It is believed that most of them are used in various trading terminals.

All Forex trading algorithms are divided into three parts:

• Advisors that are created by someone and can be purchased for a certain amount of money;
• Stolen advisors leaked onto the Internet for public use;
• Advisors that have been posted for general viewing to help novice traders.

It is the first group of advisors, developed by large exchange organizations, that are used on the most well-deserved, reputable world funds. Such advisors cannot be found just like that; ordinary traders do not discuss them. You cannot buy such developments, because such things cost a lot of money. We will talk about the last group, free advisors. Naturally, it is not so important in an advisor whether it is paid or not. The only important thing is how it works and whether you can use it to increase your income level.

Studying information about them, one can draw an interesting conclusion - most of the free algorithms are unpromising. But then the thought immediately slips through - if they cannot help, why are they needed? Maybe then it would be better without them at all?

• The first reason is the need to help “meet” the buyer and seller. After all, Forex is a union of people who want to sell or buy something.
• The second reason is that most of these transactions are speculation. And they are based on the confidence of both parties in the dynamics of the market that it will go exactly in the “right” direction.

Free advisors are directly involved in this entire procedure. If suddenly all traders decide to move in the same way, then brokers will not have the opportunity to find many counter orders at the required price. As a result, prices will be lower, and some transactions will take place at a reduced cost or even lead to a complete collapse and the account being reset to zero.

Therefore, it is impossible to enter the interbank level with only one trading strategy. This is what free algorithms exist for. Of course, they cannot act as a panacea for a novice trader, but they will allow you to acquire Forex trading skills.