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Expert Advisors reviews

In this section we present a selecton of best ExpertAdvisors, Indicators and exceptional Forex Trading tools.

 

 

SFE Price Action

 



buy now


Works on Crosses
13 pairs (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, EURGBP, EURAUD, EURCAD, EURJPY, NZDUSD, XAUUSD, GBPJPY, AUDJPY)

Timeframe
4 timeframes (5, 15, 30, 60 minutes).

 
 

Trading style:


This Expert Advisor is based purely on Price Action.
Indicators, martingales or hedge management are not used.

 

Platform: MT4
Crosses: 13 pairs (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, EURGBP, EURAUD, EURCAD, EURJPY, NZDUSD, XAUUSD, GBPJPY, AUDJPY)
Timeframe: 4 timeframes (5, 15, 30, 60 minutes).
Price: 2000 USD - Rent: For 1 month: 180 USD For 3 months: 380 USD For 6 months: 700 USD For 1 year: 1 200 USD
License: FREE DEMO
NFA compliance: No
Refund policy: NONE
Live results: click here to see live results

 


like

What we like:

 

Four things I appreciate of this EA:
1) It uses purely on Price Action. It exploits the strong price movements and the continuation or retracement of the same price after the push.
2) This EA has a good management of orders. In general, four orders are Launched for every signal and the orders are controlled by the four different management strategies.
3) The SL are always present.
4) martingales or hedge management is not used.

His DD (17.86%) is absolutely acceptable in terms of its growth (+ 309.16%).
WARNING: set correctly 2 values: the GMT offset of your trader server and the size of the orders. For example, put +1 if your server time is GMT + 1

 

 

likeWhat we don’t like:

 

Its selling price is high, but you can follow the signal or rent at affordable prices.

Like all systems based on Price Action it fears ranging market.
To improve the performance of the EA in sideways market periods you can do this manually:
Follow the trend of every pair in 1 day period.
Then do the Following:
1) On clear uptrend or downtrend enable only the operations in the direction of the trend. Run all timeframes.
2) On sideways, do not run nothing or run only one of the timeframes, for recovering the exposition.

 

likeFinal notes:


I really like this EA, I recommend it to you.

I'll keep you updated and let you one last tip.
SFE Price Action works of 13 pairs.
I have not been able to carry out independent tests (I do not have a review copy) but, based on my examination of the MQL5 FW and MYFXBOOK, advice:
1) for those who want a VERY careful management of using only EUR / USD, USD / JPY, GPB / JPY, XAU, EUR / GBP, USD / CAD
2) for those who want a careful management of using only EUR / USD, USD / JPY, GPB / JPY, XAU, EUR / GBP, USD / CAD, EUR / JPY, USD / CAD

UPDATE March 19, 2017
In recent days the system has had an excellent performance demonstrating that it is able to know how to accurately track the movements of a market often variable

UPDATE August,7,2017
SFE continues to demonstrate its great validity.
The author has made changes that make it more resistant to the lateral stages of the market.
With this version I recommend using all pairs.
To make the best use of the system set min lot = 0.03. This will allow you to be in tune with the partial closures that EA performs. I consider the partial closure mechanism adopted by the author an excellent MM system.
Continue to confirm my highly positive opinion and I consider SFE one of the best and most solid Commercial Expert Advisor

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Happy Market Hours

 



buy now


Works on Crosses
EURUSD, EURCHF, EURGBP, EURCAD, USDCAD, USDCHF, GBPUSD, GBPCAD, GBPCHF, CADCHF

Timeframe
M15

 
 

Trading style:

Scalper - Asian Session. 20:00 - 23:00 GMT

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MT4
Crosses: EURUSD, EURCHF, EURGBP, EURCAD, USDCAD, USDCHF, GBPUSD, GBPCAD, GBPCHF, CADCHF
Timeframe: M15
Price: Euro 199 (package of 9 EAs)
License: all-in-one licence, currently including six Expert Advisors. Payment through RegNow.
NFA compliance: No
Refund policy: The developer grants an unrestricted right to return within 30 days.
Live results: click here to see live results

 


like

What we like:

 

The licence is valid for an unlimited number of live and demo accounts. The licence key for the first month is included in the installation package. After the refund period new licence keys will be provided by email on a yearly basis.

Manual : A 10 pages manual explains briefly the installation and set up of Happy Market Hours, the input parameters and their impact.

Happy Market Hours provides a money management system and allows changing the predefined take profit and stopping loss limits. Furthermore, the trading hours can be freely adjusted and trading activities on Fridays can be restricted.

The Expert Advisor uses a maximum spread of 5 pips by default. It must be noted that this spread - particularly in the case of minor currency pairs - is not achievable by all brokers, not even during the active European or American sessions. During the rather quiet Asian session - anyhow characterised by wider spreads -, this limit will be breached yet more frequently. Therefore, overall live trading results as well as the number of trades should be expected to be lower than to be anticipated based on backtests alone.

TO NOTICE
- No martingale
- No hedging
- No grid
- Support for ECN brokers
- Auto-quotes detection 4 or 5 digits

 

 

likeWhat we don’t like:

 

No great defect. Only two recommendations

1 - Beware not every broker is suitable for scalping strategy. Strongly recommend ECN brokers
2 - If you're not sure that your provider is able to give you stable connection, or if you don't want to leave on your PC night and day, you can use a VPS service.

 

likeFinal notes:

The EA is based on a scalping strategy using identical 40 pips stop loss and take profit limits, resulting in a theoretical risk-reward-ratio of 1:1. Taking into account that Happy Market Hours frequently closes positions based on market conditions before these limits are reached, the risk-reward-ratio drops already during backtests to 2:1 and probably even more when traded live. Nonetheless, a stop loss limit of just 40 pips should be regarded as a very good value for a scalper.

I like it not only because of its input signals, but for how it manages the risk and how it handles the trades

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Scalp Trader Pro

 



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Works on Crosses
EURUSD

Timeframe
any (trade copier)

 
 

Trading style:

Scalp Trader Pro is a Scalper Robot that works only on EurUSd. It has the ability to detect and grab price move in trend direction after pullbacks. It does not trade ofte, but each time it trades there's very high chance to make profit! The system adapts to market changes with a unique intelligent system.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MT4
Crosses: EURUSD
Timeframe: any (trade copier)
Price: 597 USD
License: 1 Live account
NFA compliance: Yes
Refund policy: 60 days unconditional refund through Clickbetter
Live results: click here to see live results

 


like

What we like:

 

We like this Robot because it shows a very low Drawdown and a nice steady performance over the time

 

 

likeWhat we don’t like:

 

Stoploss is a bit high for a Scalper, but we see that most of times the EA closes before reach it. Expert Advisor's cost is high, but stable and consistent profits justify the price.

 

likeFinal notes:

A smart robot with very nice results over the time.

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

FX Stabilizer

 



buy now


Works on Crosses
AUD/USD

Timeframe
H1

 
 

Trading style:

Fx Stabilizer is a grid with martingale and lots increase. The creators of FxStabilizer used an indicator to find the best price to open first trade. After that, positions are managed in a "basket style", using lot increments if needed. Max possible trades in market is 9. It can work in two different modes: Durable and Turbo.
Durable has a very conservative approach than the more aggressive Turbo.
This EA can work on almost all brokers.

 

Platform: MT4
Crosses: AUD/USD
Timeframe: H1
Price: $265
License: 1 for real account + 3 for demo accounts
NFA compliance: Yes
Refund policy: not specified
Live results: click here to see live results

 


like

What we like:

 

I always fear of the grids (especially if with martingale and increase) but, I must say that the analysis of FXStabilizer suggests a tollerable risk, because the EA does a very soft and prudent work.

 

 

likeWhat we don’t like:

 

The price is perhaps a little high for an EA of this type, but for now, the gain makes it worth its cost

 

likeFinal notes:

FX Stabilizer, has shown, until now, to be able to withstand the movements of the market, to bring gain with an acceptable drawdown, indeed, it shows a surprising drawdown for an EA that uses the martingale method. Its Profit Factor is good and the EA seems pretty stable.
So, while not loving the EA using martingale, I think I can advise traders buying it but with the advice of the following BASIC rules

Martingale EA, please follow these rules:
1) WITHDRAW profits periodically.
2) Use a VPS service.
3) Use cent account at least for a PERIOD OF TRIAL.

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Hedge Track Trader

 



buy now


Works on Crosses
20 Pairs

Timeframe
M30

 
 

Trading style:

This system uses "cross currency hedge" strategy, which provides nice and stable profits while minimize the risk because of cross hedge.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MT4
Crosses: 20 Pairs
Timeframe: M30
Price: 497 USD
License: Lifetime
NFA compliance: No
Refund policy: 60 days money back
Live results: click here to see live results

 


like

What we like:

 

The EA works with small accounts (use it at 0.01 lot on just 3k account). It does not require adjustments or optimizations over time and can be used by Forex beginners too.

 

 

likeWhat we don’t like:

 

Maybe price is a bit high, but performance is really interesting.

 

likeFinal notes:

We like this system because it's simple and powerful at the same time. Performance is the only important thing in trading and that's it... just look at Real live results!

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Forex Real Profit

 



buy now


Works on Crosses
EURUSD, USDCHF, USDCAD, EURCHF, EURGBP, GBPCHF, EURCAD, AUDUSD, CADCHF, GBPCAD, USDJPY, EURAUD, GBPUSD, NZDUSD

Timeframe
M15

 
 

Trading style:

Forex Real Profit is a pre-Asian session scalper. It works between 21.00 and 23.00 GMT according to US DST.
I usually do not like very much this kind of EA because during the Asian session there is little liquidity, so high spreads, high slippage and requotes.
But this EA looks very solid and steady and therefore may represent an exception to the many unprofitable Asian scalpers out there.
The EA has short duration of trades: the majority of trades close in less than 2 hours.
They strongly recommend ECN broker because brokers with large slippage can create some problems.


If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MT4
Crosses: EURUSD, USDCHF, USDCAD, EURCHF, EURGBP, GBPCHF, EURCAD, AUDUSD, CADCHF, GBPCAD, USDJPY, EURAUD, GBPUSD, NZDUSD
Timeframe: M15
Price: $199/year
License: 1 real account
NFA compliance: Yes
Refund policy: not specified
Live results: click here to see live results

 


like

What we like:

 

There is a setting for the account free margin protection. It is set to a default of 75% so the EA should be quite safe regardless of your broker.
There's a trend filter that can be enabled or disabled, but whatís really interesting is that even though it is already NFA-compliant, the EA has an NFA option that allows running it with other EAs on a broker that implements the NFA restrictions in the client. If you enable this setting, the EA will not attempt to open positions that would hedge existing trades controlled by other EAs.

 

 

likeWhat we don’t like:

 

SL is 100 pips on each pair, while the TP is variable from 9 pips to 30 pips.
The Risk:Reward ratio that ranges from around 11:1 to around 3:1 depends on the currency you're running it on.
However, rarely the EA closes positions in loss, therefore a medium R:R can be considered around 3:1.

 

likeFinal notes:

Forex Real Profit works on many crosses: what I really like and that I would recommend is EUR/USD.
Others are good but I suggest not to work on EUR/CAD, AUD/USD, GPB/CAD or GPB/USD.

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Happy Gold EA

 



buy now


Works on Crosses
XAU/USD (GOLD)

Timeframe
M30

 
 

Trading style:

This EA is a breakout trading system based on supports and resistances. Happy Gold uses a trend strategy based on a modified ZigZag indicator which is calculated on XAUUSD in M30 timeframe. The modified ZigZag indicator tracks and connects extreme points of the chart, the distance between these points being equal or higher than the percentage specified for the price scale. The EA was optimized doing 99% BackTests for best stability and profits. Max open trades is one at time. It uses hard stop loss, (default value is set to 24 pips) and a dynamic take profit calculated on the sentiment of the market.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MetaTrader 4 (MT4)
Crosses: XAU/USD (GOLD)
Timeframe: M30
Price: Euro 199 (package of 9 EAs)
License: 1 license for unlimited number of Live or Demo of accounts
NFA compliance: Yes
Refund policy: 30 days money back guarantee
Live results: click here to see live results

 


like

What we like:

 

The EA seems stable and it brings nice profits if used in the right trading Environment. The best are spread and slippage, the best it will perform. Strategy is safe and both backtest and forward test show a nice stability over the time.

 

 

likeWhat we don’t like:

 

The EA does not trade often because of its strategy, so although profits is quite stable... it will take some time to see nice gain on the account.

 

likeFinal notes:

The author recommends maximum 40 pips spread, very low slippage (Market maker) and API Connections (Not condition).

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Keltner Pro

 



buy now


Works on Crosses
URUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF

Timeframe
M15 on EurUsd, M5 on the others

 
 

Trading style:

it uses channel reversals with baskets of limited number of trades. It has a good amount of average pips (30+), the positions are entered at bar open and they feature a dynamic stop loss and take profit. It requires constant internet connection. If youíre not sure that your provider is able to give you stable connection, or if you donít want to leave on your PC night and day, you can use a VPS service.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MetaTrader 4 (MT4)
Crosses: URUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF
Timeframe: M15 on EurUsd, M5 on the others
Price: $499
License: 1 live account
NFA compliance: Yes
Refund policy: 60 days unconditional refund through Clickbetter
Live results: click here to see live results

 


like

What we like:

 

it looks low risk system, low investment options that deliver high profits if successful. This means that even if you do lose money on some trades, you will earn it back on your winners. - Itís a fully automated trading software: easy to understand and use. - This Robot is good for both newbies and exeperienced traders. - This Robot uses known and solids algorithms. - Very good helpdesk.

 

 

likeWhat we don’t like:

 

Price is a bit high, but returns are very good and fast. It often appears to be using grid trading. This isnít the case, as that is incredibly high risk, but it can be slightly off-putting.

 

likeFinal notes:

The program focuses on low risk trading options that tend to have the highest results. This means that you could lose a few, and still end up with a significant profit if you win just one. However, the chance of losing a few is very low, since the strategies and techniques that the automated program uses are based on years of experience. Live results are very convincing till now.

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Pivot Trader Pro

 



buy now


Works on Crosses
USD/CAD, USD/JPY, AUD/USD, NZD/USD, EUR/USD and EUR/GBP

Timeframe
all

 
 

Trading style:

Has just come on the market another very interesting EA by Doug Price: Pivot Trader Pro. It seems to have been born to trade binary options but the results also appear excellent on Forex market. It does not uses any grid and / or martingale strategy. Pivot Trader Pro is a reversal trend trader. It uses a bundle of reliable indications to define when the trend is losing momentum, dying down, and on the verge of a reversal or redirection. It then verifies these possible trade opportunities with price action. Utilizing price action Pivot Trader Pro is able to increase to certainty of a trend reversal approaching. EA has 3-step verification system that filters out bad and false trade signals before they are effective: Oscillator Filter Trend Verification Candlestick Close

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MT4
Crosses: USD/CAD, USD/JPY, AUD/USD, NZD/USD, EUR/USD and EUR/GBP
Timeframe: all
Price: $799 (or three payments of $347)
License: 1 Live or Demo Account
NFA compliance: Yes
Refund policy: 60 days unconditional
Live results: click here to see live results

 


like

What we like:

 

I like it not only because of its input signals, but for how it manages the risk and how it handles the trades. Pivot Trader Pro employs broker defenses by concealing TP and SL from the broker. This protects you from broker manipulation of closing trades. Pivot Trader PRO Reduces the stop loss according to Functional changes and the price action as the profits Increase it then moves the stop loss Within the profit range. It is anche FIFO compliant and does not hedge.

 

 

likeWhat we don’t like:

 

Price is to high, but returns are very good, fast and stable. For now I can not evaluate other negatives

 

likeFinal notes:

The robot can safely trade using pivot Both levels in a trending market and a sideways market regardless of That market condition. It may miss one or two points but they are taken into consideration. Great service: Doug, with his professionalism, is gaining great confidence by traders

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Drive Gold EA

 



buy now


Works on Crosses
XAUUSD (GOLD)

Timeframe
M30

 
 

Trading style:

It opens a long and a short position simultaneously. Once it determines the price trend direction, it starts opening blackberries trades in one direction. Once the basket of trades reaches the preset take profit level, the robot closes the trades and banks the profit. It keeps repeating this process again and again. It is really important note that this expert advisor may keep trades open for many weeks and even months. It requires constant internet connection. If you're not sure that your internet provider is able to give you stable connection, or if you donít want to leave ON your PC night and day, you can use a VPS service.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MetaTrader 4 (MT4)
Crosses: XAUUSD (GOLD)
Timeframe: M30
Price: $245 (or 3 licenses for $495) This month: SALE OFF 25%
License: 1 real account+1 demo account or 3 real+3 demo accounts
NFA compliance: No
Refund policy: Refundable during 30 days from the date of purchase (statement required)
Live results: click here to see live results

 


like

What we like:

 

This EA works on Gold and so it is extremely useful to diversify Forex trading risks. This expert advisor works by making smart trades. As mentioned above, it keeps opening blackberries trades if the price keeps moving in a general direction. This strategy helps by booking higher profits when the market is in favor of the direction taken by the EA. The system has smart stop losses too, which means that the losses taken by the software are smaller and the profitable trades are often bigger. It uses a profitable trading strategy with smart stop loss levels and it can produce decent profits for the traders, if used judiciously. The developers have also posted results of five real trading accounts That were obtained using this Expert. All of the trading accounts have shown high positive returns over a 12 months period.

 

 

likeWhat we don’t like:

 

Drive Gold EA uses Grid and hedging strategy, that is risky, but it combines the grid with hedging and often opens trades in opposite direction to hedge against possible huge losses. A series of trades actually comprises the positions opened in tune with the trend and the opposite ones. The Grid happens in terms of open prices - they rise / fall in some pre-determined intervals. The Grid is closed simultaneously when TP or SL is reached: you can use the recommended settings to set by yourself the levels. Sometimes the robot is quite aggressive: it opens many trades almost simultaneously and closes them after a minute or two, in a manner that reminds a sort of scalping. Then, there are groups of as many as 30 positions kept open for several days and your account balance should be able to withstand any eventual drawdown caused by so many open positions. It may be "broker sensitive".

 

likeFinal notes:

A very interesting and profitable bot. I Believe that the Drive Gold EA is a very intriguing machine, with complex strategy that leads to strong results, robust gains and acceptable drawdown. Coupled with the fact that the EA trades with Gold and, despite the use of a gambling method, it has not shown signs of account destruction: Drive Gold is worth your attention. The drawdown accompanying the gain is pretty acceptable at 25.5%, it's actually rather low for an EA that uses a gambling method. The resulting return-to-drawdown ratio is very strong at 4.5, pointing to high chances of substantial return for what we invest. The average pips per trade are at 6, which is an acceptable reading but you should look for brokers with tight spreads on Gold (I mean below 50 cents). The developers recommends traders they should have at least $ 1,000 for the software to make significant profits. The results obtained in real right now are very convincing.

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Vortex trader Pro

 



buy now


Works on Crosses
EURUSD, GBPUSD

Timeframe
M15 on all pairs

 
 

Trading style:

The trading logics is that the expert advisor finds the most likely trend direction for the next 2 days and opens needed order in specified time. Signal calculations are based on indicators and math. As the result this system gives more than 90% of win trades.
It requires constant internet connection.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MetaTrader 4 (MT4)
Crosses: EURUSD, GBPUSD
Timeframe: M15 on all pairs
Price: $799 (or three payments of $347)
License: 1 live account
NFA compliance: Yes
Refund policy: 60 days unconditional refund through Clickbetter
Live results: click here to see live results

 


like

What we like:

 

Vortex Trader PRO EA is designed by Doug Price, the same creator of the REV Trader PRO forex robot.
- It does not uses any grid and/or martingale strategy.
- It's not a scalper, it protects your money from losses by commission, spread, slippage, and broker sensitivities.
- Very good helpdesk, the Author, Doug Price, answers and gives advices to use the Expert at best. One-to-One helpdesk on Skype too.

 

 

likeWhat we don’t like:

 

Expert Advisor's cost is high, but stable and consistent profits justify the price.

 

likeFinal notes:

Vortex Trader PRO EA trades in certain hours, analyzes and determines the price direction for the next couple hours or days. Also this expert advisor allows you to trade with specified risks and desirable profitability. The trading system gains great profit and opens trades every day.
Vortex Trader PRO EA is designed for trading on EURUSD and GBPUSD currency pairs but it can work with all currency pairs.
If you want, you can find the best settings for any currency pair or improve settings which come with the EA by yourself.
Minimal deposit can be from $100 for 0.01 lotsize.
Live results are very convincing till now.

*NEWS 2 April 2015* There is an announcement from the author Doug Price: Okay due to popular demand, I have implemented the Vortex Trade Copier. Basically what this means is, you will install a special robot onto your MT4 and it will copy the exact trades from my own Forex account. This will prevent most broker price feed issues and differences. Also, I will be able to switch off trading for you in case of high impact news. So you won't have to touch it. You don't have to use the copier if you do not want to.

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Channel Trader Pro

 



buy now


Works on Crosses
AUDUSD, EURJPY, AUDCAD

Timeframe
any (trade copier)

 
 

Trading style:

Channel Trader Pro is another professional trading system designed by Doug Price.
This EA works as trade copier, because, in this way, any price feed issue that could cause different entry is avoided.
The EA works on three pairs (AUDUSD, EURJPY, AUDCAD) using a sort of breakout strategy (defined by the author as "micro breakout") which is detected on lower timeframes.
The breakout pattern works very good on these 3 pairs and the bad entries (false signals) are filtered out by multiple conditions check.
The awesome result is a 99% win rate!

Average duration of trades is about 1 day, but looking at the official trades history we see that trades are closed often in few minutes.

Although this trading systems search for breakout patterns on low timeframes, it does not trade so much (about 200 or 300 times per year).
Stoploss is always used and no grid or martingale style is adopted: the EA can trade with very low risk even trading 0.10 lots on just 1k account.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MetaTrader 4 (MT4)
Crosses: AUDUSD, EURJPY, AUDCAD
Timeframe: any (trade copier)
Price: $799 (or three payments of $347)
License: 1 live account
NFA compliance: Yes
Refund policy: 60 days money back guarantee
Live results: click here to see live results

 


like

What we like:

 

The EA is a trade copier, so we're sure we have the same identical trades that are opened on the official account. Win rate is 99% so we'll see very soon first profits on the account.

 

 

likeWhat we don’t like:

 

Price is a bit high (799$ for lifetime license). We see that the EA has a huge SL of 200 pips, but not often it will be taken.

 

likeFinal notes:

In our opinion (at the time) on the cross AUD/CAD Channel Trader Pro has the major DrawDown. On this cross the Risk to Reward ratio (though still very good) is much lower than AUD/USD and EUR/JPY.
We recommend, therefore, to those who want to work in a prudent way, to trade only AUD/USD and EUR/JPY. The trade copier has a filter options that allows to exclude/include one or more pairs.

Doug Price has accustomed us to very profitable and robust trading systems. This is not the first, and we say "thanks Doug!"

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Goldbull Pro

 



buy now


Works on Crosses
EURUSD, GBPUSD, USDJPY

Timeframe
H1

 
 

Trading style:

The trading style of Goldbull PRO is breakout associated with scalper style. Breakout is not a new concept but, breakout trading style of Goldbull PRO is an intelligent fully automated breakout system that always uses StopLoss and carefully manages every trade with built in money management system.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MT4
Crosses: EURUSD, GBPUSD, USDJPY
Timeframe: H1
Price: 3 kind of license: $129 / $149 / $259
License: 3 types of account: Normal (1 licence E/U) - PRO (1 licence E/U + G/U + U/J) - Family (2 licences - E/U+G/U+U/J)
NFA compliance: Yes
Refund policy: not specified
Live results: click here to see live results

 


like

What we like:

 

The thing I liked most in this EA is the association of technical breakout on high TF (H1) with the management of open positions in scalping.
This should combine the safety of a "strong" entry signal with the security given by a short stay in the market.
This "concept" shows me this EA as very safe, at least in theory. Live results are very convincing till now.

Backoffice service is very efficient.
The cost of the EA is affordable.

 

 

likeWhat we don’t like:

 

The real account is very young, so we have to wait for more accurate assessments. But this problem will be solved with time.
We will test, observe and keep you updated.
Because of Goldbull's company policy, we regret not having the opportunity to test this EA on a broker chosen by us. We are sorry for this.

 

likeFinal notes:


There is a big difference between the results obtained in demo and those obtained in real. This is normal for a scalper: slippage, requotes etc. are heavy to bear and they do not exist in demo. But the result on real seems to have "strength" of the result on demo.
Although it has not in real the same performance of the demo, the real performance make it anyway, this EA very interesting and valid.

Since the operations are managed in scalping, I STRONGLY recommend:
1) using a VPS
2) using ONLY broker with low spreads, low commissions and ESPECIALLY small slippage

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Rev trader Pro

 



buy now


Works on Crosses
EURUSD, (GBPUSD), AUDUSD, NZDUSD

Timeframe
H1

 
 

Trading style:

Rev trader Pro trades reversals in baskets of up to three orders, with a report of almost 1:1 for won/lost pips per trade. Uses a trailing stop to exit. It requires constant internet connection.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MetaTrader 4 (MT4)
Crosses: EURUSD, (GBPUSD), AUDUSD, NZDUSD
Timeframe: H1
Price: $697
License: 1 live account
NFA compliance: Yes
Refund policy: 60 days unconditional refund through Clickbetter
Live results: click here to see live results

 


like

What we like:

 

Rev trader Pro looks low risk system, low investment options that deliver high profits if successful. This means that even if you do lose money on some trades, you will earn it back on your winners. Rev trader Pro does not uses martingale or grid strategy. Rev trader Pro not even a scalper, protecting your money from losses by commission, spread, slippage, and broker sensitivities. Rev trader Pro It use "False Signal Detection Technology". It allows the robot to detect and avoid false trading signals and works in conjugation with the trade reversal detection technology adding an extra level of safety. Rev trader Pro have Account Risk Management: it's more important than opening a trade, to select the best timing for its closure. This is a build-in dynamic trade management system that locks in profits to enhance your account growth and make this growth smoother. The helpdesk is very good. The Author, Doug Price, answers and gives advices to use the Expert at best. You can have a 24 hour access to the robot developer via E-mail support and personal by Skype. I cannot find on the web, a single bad comment/experience about this EA.

 

 

likeWhat we don’t like:

 

price is a bit high, but returns are very good, fast and stable.

 

likeFinal notes:

With the Rev Trader Pro trading software there is more safety for users in making trades. Rev Trader Pro reviews writes that with the Doug Priceís Forex trading software, traders are guaranteed an infinite potential to making money and not just by making risky trade leaps, but by complete and total evaluation, risk assessment and management of every aspect of the Forex trade by the innovative Rev Trader Pro system software by Doug Price. Live results are very convincing till now but from my analysis, I recommend using Rev Trader ONLY AUD / USD and NAZD / USD

*NEWS 10 Mar 2015* There is an announcement from the author Doug Price: After careful consideration, for now, I have decided and recommend that you remove GBPUSD from trading for REV Trader PRO. You can continue using the pair if you choose. But if you want to follow my lead, I have closed the GBPUSD chart on my Meta trader 4. GBPUSD is not doing great lately, and I feel that our accounts can grow smoother without it in the way for now. I will of course let you know of any changes. Also, yes, REV Trader PRO has been slow lately, but it will pick up soon once the pairs spike up. This is for REV Trader PRO ONLY. Sincerely, Doug Price.

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Forex Diamond EA

 



buy now


Works on Crosses
EURUSD, GBPUSD, USDCHF, USDJPY

Timeframe
M15

 
 

Trading style:

Diamond Forex EA works with three different strategies that can be used together or individually: trend, counter-trend, scalping. Now Mac-OS users are able to trade using Forex Diamond.

If you’re not sure that your provider is able to give you stable connection, or if you don’t want to leave on your PC night and day, you can use a VPS service.

 

Platform: MT4
Crosses: EURUSD, GBPUSD, USDCHF, USDJPY
Timeframe: M15
Price: 227$ with discount of 70$
License: 1 Live account
NFA compliance: Yes
Refund policy: 60 days money back
Live results: click here to see live results

 


like

What we like:

 

Forex Diamond EA uses a combination of three different trading strategies. It consists of 3 totally autonomous trading systems gathered together:

algorithm 1 Forex Diamond EA works as a trend follower. It reads and follows the trend of the market to operate in line with the general trend, safeguarding profits due to the use of some particular protection parameters.
algorithm 2 Forex Diamond EA works as a contrarian. The system implements a counter trend strategy, reading, with particular precision, each possible reversal point.
algorithm 3 Forex Diamond EA works as a scalper. Its algorithm runs a scalping strategy exploiting low market spreads quickly and accurately.

These three algorithms are already set and run together in the trading robot. Diamond Forex EA can be customized and configured to be used with all or any of the three trading strategies. The application of all trading strategies ensures better diversification, alternating different strategies on the basis of different market conditions, which may vary according to the different trading sessions. Moreover, supplier provides all the best performing settings of the robots, for example, the Recovery function can be applied to all the strategies.

 

 

likeWhat we don’t like:

 

Currently, there has not been any disadvantage associated with this system, but from custom analysis of MyFxBook I recommend to exclude USDCHF cross.

 

likeFinal notes:

EA Forex Diamond appears to be able to provide reliable performance, accuracy and speed. Regarding protection, it applies high slippage protection, high spread protection and profit protection systems, with new options never been before in older Forex robots, it has 40+ recovery factor. We think it is, therefore, advisable.

*NEWS 13 April 2015* In recent times the EA did not so well. The only cross that has continued to gain was USD/JPY.
I advise you, for the moment, to limit trading only to this cross.

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

ForexImba

 



buy now


Works on Crosses
AUD/USD

Timeframe
M30

 
 

Trading style:

ForexImba does not use indicators. For its trades it uses only the price action with three strategies completely independent from each other. It uses fixed lot size (that is why it's very important to find the best price to open trade) ForexImba programmers have created a unique algorithm that find opportunity to recover loss in very quick way without the necessity to use martingale.

 

Platform: MT4
Crosses: AUD/USD
Timeframe: M30
Price: $237 (with limited time discounts)
License: 1 license for real account + 3 licenses for demo accounts
NFA compliance: Yes
Refund policy: 30 days money back guarantee
Live results: click here to see live results

 


like

What we like:

 

There is no martingale. There is a fixed lot size. It is compatible with any broker. It has drawdown control. To make sure that your account has ultimate protection, Forex IMBA has StopLoss and account equity protection. These are available for any opened trade. EA is able to automatically switch between four (4) and five (5) digits quotes.

 

 

likeWhat we don’t like:

 

When ForexImba takes the SL it can be heavy. But the losses are part of trading. The SL is always a security for the trader

 

likeFinal notes:

You can choose between three levels of risk:

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

Forex Flex EA

 



buy now


Works on Crosses
EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/CAD, USD/JPY

Timeframe
H1 on all pairs

 
 

Trading style:

The EA uses the one-hour time frame to detect trends and to enter the market when a new trend emerges. The developers claim that it can work any way, ranging from scalping to gambling.

 

Platform: MT4
Crosses: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/CAD, USD/JPY
Timeframe: H1 on all pairs
Price: $299.99 or $399.99 or $630.99
License: 1 Live Account + Unlimited Demo Accounts or 2 Live Account + Unlimited Demo Accounts or 4 Live Account + Unlimited Demo Accounts
NFA compliance: Yes
Refund policy: none
Live results: click here to see live results

 


like

What we like:

 

This EA has been very successful in recent times and attracted attention and discussion forums on many controversial opinions with each other. If you want, here you some forum threads:

http://worldwide-invest.org/metatrader-expert-advisors/34809-req-forex-flex-ea.html?highlight=forex+flexl
http://www.forexpeacearmy.com/public/review/forexflexea.com
http://www.donnaforex.com/forum/index.php?topic=12568.0

ForexFBI gives a rave review, but some serious doubts about their impartiality because the EA is sponsored by them:
http://forexfbi.com/featured/forex-flex-ea-review/

Its real-live performances are undoubtedly interesting:
http://www.myfxbook.com/members/forexfbi/forex-flex-ea-real2-forexfbi/889543
http://www.myfxbook.com/members/forexfbi/flex-ea-test-5/969763

but they are not absolutely comparable with performance exhibited in demo:
http://www.myfxbook.com/members/forexfbi/Forex-Flex-EA-Acct4/901582
http://www.myfxbook.com/members/forexfbi/forex-flex-ea-real-3/889545

Of course, until now, Forex Flex seems a profitable EA.

 

 

likeWhat we don’t like:

 

My biggest concern comes from its trading style: the robot uses a gambling method, resembling Martingale. The EA opens several positions one after the other. The trades in a series are closed simultaneously. The bigger problem is the raising of the trade contract size. The Martingale method can lead to heavy drawdown and deplete your account. The name of the robot comes from the alleged flexibility of its settings. You can view some experiments in this page: http://www.myfxbook.com/members/forexfbi

 

likeFinal notes:

Looking at its trades, we've often had the impression that Forex Flex is a sort of Forex Hacked "revisited". On the other hand, Forex Flex, has shown, until now, to be able to withstand the movements of the market, to bring gain with an acceptable drawdown, indeed, it shows a surprising drawdown for an EA that uses the martingale method. Its Profit Factor is good and the EA seems pretty stable.
So, while not loving the EA using martingale, I think I can advise traders buying it but with the advice of the following BASIC rules

Martingale EA, please follow these rules:
1) WITHDRAW profits periodically.
2) Use a VPS service.
3) Use cent account at least for a PERIOD OF TRIAL.

*NEWS 13 April 2015*
EA continues to go well and makes profits. His story becomes longer. Seems always reliable


*NEWS 30 April 2015*
Warning Traders: the offcial account appears to be stopped at 23 Mar 2015. No recent activity

 

If you're interested in using this Robot, you can click here to visit the Author's website.

 

Any opinions and statements in this article are strictly subjective and should not be treated as an investment advice.

 

 

 


 

 

 

New Ethical Trading
       
   


 

DISCLAIMER

 

HIGH RISK - ATTENTION:

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