Free Forex Robots. In today’s world of Forex trading, the idea of automating your strategy with a free Forex robot can be tempting. While there are many free Forex robots available online, not all of them are created equal. In this article, we will explore free Forex robots and their unique features.
What are free forex
Forex Robots are automated trading systems for the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These free forex robots are typically created by individual traders, and developers, and are available for download on various websites. While using a free Forex robot it is essential to approach it with caution. Free forex robots may have limited features or poor performance. Before you use a free Forex robot on your live account, it is important to test its performance on a demo account for 3-4 weeks. This allows you to evaluate its trading strategy, potential profitability, and compatibility with your trading style, without risking any of your hard-earned capital.
Free Forex Robots
EA CLASICO Forex Robot (MT4)
The EA CLASICO is a forex robot for the MetaTrader 4 platform which offers an intuitive automated trading experience. It is equipped with an array of technical indicators, and this expert advisor (EA) executes buy and sell trades without requiring manual intervention, allowing traders to profit from market movements while they sleep. Users can select from three risk levels: low, medium, and high, with the low-risk mode being the safest starting point.
Bagaceira v7.2 Forex robot for Metatrader 4
The Bagaceira v7.2 Forex robot for Metatrader 4 showcases an impressive +200.43% gain over a 2-year trading period, with a remarkable drawdown of just 10.48%. This Forex robot leverages an advanced algorithm to pinpoint entry points for both buy and sell trades. Traders can experience the best performance on major currency pairs and select lower-spread cross pairs. To protect trader’s capital and profits, the EA incorporates stop loss, take profit, and trailing stop orders.
High Gain Forex Robot v3 for Metatrader 4
The High Gain Forex Robot v3 for Metatrader 4 showcases an astounding +568.45% gain over 5 years with an impressively low drawdown of 9.96%. It combines price action techniques and technical indicators, the EA shows the best entry and exit points for each trade. To maximize trader’s security, the EA incorporates trailing stops, money management settings like equity stops and total equity risk, as well as full stop loss protection. Additionally, it avoids high-risk strategies like grid or martingale trading.
Master Scalper PRO EA for Metatrader 4
Leveraging a unique M1/M5 scalping strategy, the Master Scalper PRO EA for Metatrader 4 dives into the market, executing lightning-fast automated buy and sell trades. The EA performs at its best on the 1-minute and 5-minute charts to achieve these results, and traders should focus on lower-spread currency pairs like EUR/USD, GBP/USD, or USD/JPY.
Vision Scalper 5.3 Forex Robot for MetaTrader
Vision Scalper 5.3 Forex Robot for MetaTrader 4 is a scalper, capable of navigating the markets by trading up to 28 currency pairs simultaneously. With an inspiring +349.55% gain in just 4 months, this expert advisor utilizes a trading algorithm, integrating custom-built technical indicators and oscillators, to spot the most advantageous entry points in existing buy and sell trends. It also employs risk management settings to mitigate trading risks.
Trio Dancer 3 EA for MT4
Trio Dancer 3 EA for MT4 is a profitable forex robot that blends multiple technical indicators, including MACD, moving averages, and CCI, into a versatile trading strategy. To minimize risk, the EA employs 3 distinct trading strategies, thereby opening multiple buy and sell trades based on these strategies. This EA offers in-built risk management tools.
Swing VIP Forex Robot for MT4
Swing VIP Forex Robot for MT4 leverages a fusion of multiple technical indicators to generate fully automated buy and sell trade entries and it is tuned to perform on M5 and H1 charts, this EA has garnered a remarkable +240.58% gain. The EA offers integrated risk management tools and, as an added option (albeit with greater risk), the ability to implement grid trading. Traders can also fine-tune Swing VIP EA’s various inputs to potentially enhance its trading results.
Shizuka EA for Metatrader 4
Shizuka EA for Metatrader 4 is made up of the classic 3 moving averages crossover trading system, executing buy and sell trades on autopilot, and offering scalping on M5 and M15 charts, as well as swing trading on H1 and H4 charts. With a built-in risk management system and the option to hedge trades, Shizuka EA presents the opportunity for customization, allowing traders to fine-tune their inputs to enhance their trading results.
Mario Doo EA for Metatrader 4
Mario Doo EA for Metatrader 4 is a forex robot that blends the power of multiple technical indicators, including moving averages, CCI, RSI, and Stochastic, to pinpoint the most profitable buy and sell trades. With an impressive +195.91% gain achieved in 8 trading months, this expert advisor performs well on M5 trading charts and can also function across various time frames. It is optimized for lower-spread currency pairs, traders can reap maximum profits by deploying Mario Doo EA on pairs with minimal spreads.
Frequently Asked Questions
Do free forex robots work?
- yes, free forex robots work but might not be as effective as paid ones, they can still provide some assistance with your trading strategy.
Where can I get free trading robots?
- You can find free trading robots on various Forex trading websites, and forums.
Can I use a Forex robot on my phone?
- yes, you can use a Forex robot on your phone, but it would require the use of a mobile trading platform that supports expert advisors or trading robots.
Can I create my Forex robot?
- Yes, you can create your own Forex robot using MetaTrader’s MQL4 or MQL5 programming language. You must know about Forex trading, programming language, and understanding of technical indicators to create your own robot.