Forex expert advisors are specially developed programs that help identify the best moment and currency pair to trade so that traders can gain as much profit as possible. Different companies build the best forex EA to ensure that all market participants even those who lack experience and high-level knowledge of forex can have a fair chance to make money and slowly but surely build a successful trading experience. What makes a certain expert advisor the “best” are its features and utility.
The forex market is filled with countless types of forex EAs which makes it particularly difficult to choose the best forex EA nowadays. So we have come up with a few pre-requisites that can help you make the decision easily and quickly. By ensuring that your chosen forex EA has the following features, you can avoid picking a scam fx trading robot and enjoy a successful trading experience.
If a particular forex EA has its own verified Myfxbook page then that means you could trust their performance and track record. Using an expert advisor with years of experience in the field is the best way to guarantee that you are not being scammed.
While using an automated trading system it is really important that you have access to the support team so that if anything happens, the issue can be resolved as quickly as possible. Having a 24/7 also means that your FX EA is one of the legitimate ones.
Always remember that you cannot trust and choose to spend money on a forex EA unless you have proper information regarding the company behind it to prove its legitimacy. It is often considered best practice to pick one of the top forex EA developing companies to start trading.
Free trial available
A lot of time traders would notice that some forex EAs offer a free trial period to test all the functionalities and benefits of using it while other companies do not have such offerings in place. This difference in offerings can help traders make the right choice when it comes to the best forex EA.
Here are 3 of the best Forex EA that you can start trading with;
1Happy Frequency EA
This particular and professional forex expert advisor is known to be a trader’s frequent choice because of its hassle-free installation procedure. It is also allowed to trade using any sort of trading account with this EA.
- This expert advisor is developed by an experienced team and programmed with 100% market evaluation as well as implementation.
- The support channel is open 24/7 to help users of Happy Frequency EA.
- This EA is a combination of different trading concepts like the grid, hedge, trend, martingale, etc so that users can enjoy the best performance when they trade on any market using any account.
Known as one of the most powerful trading expert advisors, the FXCipher EA is designed to help you reach your trading goals by maximizing your earning potential. Once you start using it, you will notice how sophisticated and stable this EA is which is a rare attribute.
- It is regularly monitored by a team of professional engineers who maintain its top-level performance as well as improve on its weakness so that users enjoy a stable and highly optimized trading experience.
- It has two built-in presets to use that traders are free to choose from.
3WallStreet Forex Robot 3.0 Domination
If you want a powerful forex EA which is both reliable and profitable then WallStreet Forex Robot 3.0 Domination is the one for you. It is available for all three leading trading platforms namely, MT4, MT5, and cTrader so that a huge number of traders can benefit from its features.
- It is a modified and better version of the famous WallStreet Forex Robot that comes with a broker spy module and even a market bias algorithm to make trades highly optimized.
- The team behind this EA is known as FXAutomater which is deemed as one of the best in its category whose EAs generate consistent profits no matter what.