Forex trading is not something you can master in a day. It takes continuous practice and assistance from different sources to become a professional who has learned to trade forex successfully. Despite the complexity and confusion, each year, millions of individuals start their forex trading journey with the help of automated tools like forex robots, EAs, etc. But forex robots to invest in is a separate category of specialized forex automated tools that work 24/7 to make users’ trading experience easy and rewarding. The only challenge that remains is finding the right one from a plethora of available robots.
To choose the right forex robot and invest in it, you need to know the basic difference between a low-tier and a high-quality forex robot available in the market. Let’s take a look at the pre-requisites of top forex robots to invest in by institutional as well as retail investors.
- The right kind of FX robot has to be fully automated so that users can make the most of any market situation as quickly as possible. Since the trading opportunities within the forex market is extremely dynamic, without the help of a robot it is almost impossible to lock in profits. When you start trading forex pairs using fully automated robots then all you need to do is switch it on, select the pairs you want to trade with, and let it work on its own to bring profitable results.
- Only expert developers are capable of making top forex robots to invest in because they have the skills and expertise needed to simplify one’s trading experience. A lot of times, traders come across a popular robot that has little to no background information about its developing company. Such robots are risky to download, install, and use for trading with your hard-earned money.
- Forex strategies are tried and tested methods to trade crypto pairs while keeping the risk of losses at a minimum. But unfortunately, these strategies are not easy to develop and use by all kinds of forex traders. Only some high-performance forex robots are capable of implementing one or more forex trading strategies to protect one’s assets and give better results in the end. It is important to remember that all forex robots are not profitable.
Here’s a list of 5 top forex robots to invest in along with their best attributes;
1. Happy Gold EA
This forex robot doubles up as an expert advisor like all professional automated tools out there. It functions with a trend strategy which has been further modified by a professional team to include a ZigZag indicator. Qualified developers have optimized this robot for seamless usage in MT4 and MT5.
Pros:
- The greatest advantage of using this robot is its ability to adjust to the market sentiments which is extremely helpful while trading.
- It used hard to stop at around 24 pips but the take profit function remains dynamic based on the market sentiment which helps traders to stabilize their trade outcomes.
2.DynaScalp EA
This highly popular robot is a brainchild of an institutional trader named Chris Bernell who is known to have utilized his skills and expertise to develop DynaScalp EA. It is compatible with MetaTrader 4 which makes it one of the most low-risk robots that offer high profitability.
Pros:
- As the name suggests, this is a perfect tool for scalpers who want to execute the most profitable trade by picking opportunities each day without putting any extra effort.
- It has a strong news filter which is popular among traders.
- This robot works best with forex brokers that have a tight spread.
3. MG Pro
MG Pro is an expert advisor cum FX robot like the rest and is known for offering low-risk profits to its clients. It has been developed by the renowned Sinry Advice team for being used on MT4. The company which owns MG Pro is a certified one based in Malaysia.
Pros:
- It can analyze more than 12 inner indicators.
- The compatibility issues are negligible with this robot as it works well with any MT4-using FX broker.
- The robot gets frequently updated and thus improved.
