Forex Robots
Performance Reviews

Forex robots are designed with various different algorithms, some best in trending markets, others in ranging markets, and some are specific to particular fx pairs. Here we outline our key findings on each robot.

We run our robots on metatrader (click for free download ) through
broker AvaFX who provide a free cash bonus when you
open an account with them.

Ava also provide a demo account so that you can get your robot working exactly right before risking any money.

Focused on day trading the EUR/USD, this forex system trading software delivers an overall profitable result over the long term in differing market conditions.

It’s main advantages are that it’s one of the more user friendly forex robots and can be used with many brokers.

This robot day trades the EUR/USD, and seems to do so fairly competently without much broker compatibility problems.

From trade to trade its losses do tend to be bigger than its gains, but its overall win rate is sufficient to deliver a profitable result.

This has to be one of the most famous and popular of all the forex robots, however its popularity can cause problems if your broker is receiving buy/sell orders all at exactly the same time from loads of accounts all running the Megadroid.

We understand from dedicated Megadroid users that it’s overall profitable, but is dependant on brokers’ spreads being within tolerance if it is to execute all the trades it calls.

Given that Megadroid tends not to call a high volume of trades, this could lead to you needing to trial it with different brokers until you get the result you want. Again, we’d recommend that you view the forums and seek out the details from devotees.

Overall however, Megadroid is popular for a reason and does seem to be one of the profitable forex robots.

Less dependent on having just the right broker with just the right spread than some other currency trading systems, Forex Derivative day trades 4 fx pairs.

Performance seems to be acceptable, and should be profitable over the long term.

FapTurbo is a bit like an old car in that when you know how to handle it properly it gives good service.

There is nonetheless a hardcore of dedicated FapTurbo fans to be found on forex forums who will no doubt be happy to share with you all the details to need to know.

Experience so far is that over the long term this robot should deliver the results suggested by its manufacturers.

So far we’ve found this to be one of the most consistently profitable forex robots.

Do be aware that it’s a high volume day trader across 4 fx pairs, recording trades which are mostly a high volume of small profits and a smaller volume of larger losses. Overall the volume of the small profits is such that they more than compensate for the less frequent larger losses, but clearly this could go wrong.

This definitely does appear to be one of the better robots on the market, but we would recommend that you keep an eye on the forex forums to glean info from devotees of this robot, to learn the best ways to keep it pointing in the direction of overall profit. The word on the street seems to be to let it rake in the profits during a trending market, but to be a bit more observant of what it’s doing when the charts are going sideways.

Overall though, this does appear to be one of the better robots on the market and worth a try.

Behind the ridiculous product name (who uses the word “poison” in their product name ?), lies quite a good forex autotrader.

Like the forex Maestro mentioned above Poison Robot’s default risk:reward ratio has the potential for losses to outweigh the profits, but performance thus far of day-trading the EUR/USD and GBP/USD suggest that its algorithm is so good at finding profitable trades that this shouldn’t be a problem.

Again, this is one which we’d be happy to let run, but just keep an eye on what it’s doing.

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