Last Updated On
Thu Nov 17th, 2016
 
Rating: 4.89/5 (426 vote(s) cast)

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It's mainly an Asian session scalper on 8 different currency pairs in addition to another unique strategy for EURUSD on the M1 timeframe is the "long term strategy". The included comprehensive manual attempts to explain every thing related to the Forex market up to VPS solutions, it even didn't ignore history data and backtesting. The package includes an ex4 and a DLL files and the EA supports so many parameters that are briefly explained in the manual, with mention of this disclaimer:

Other settings can be left as defaults. All other settings can be left as they are, and you can be confident in the knowledge that we have worked hard to optimize the default settings to ensure you achieve good results.

A question arises; why the Forex robot parameters are so important if it could work without modifying them? The authors may think that an EA being full of parameters will be more satisfying for a customer, while the only parameter that could be modified by a standard user seems to be the "GMT offset". Accordingly, the following backtests were run on a modified GMT offset. You may also need to modify the "money management risk", it's 5 in the EA by default that is good enough for backtesting, but the "long term strategy" was manually set to be automatic with a lot factor of 1, that looks like a correct risk setting for the pips number involved in every trade.

The new and improved versions FAPTurbo 2.0 and FAPTurbo 3.0 got many enhanced features significantly supporting the capital risk protection, including the High Spread Protection System, Automatic Risk Scaling and Built-In Loss Prevention System.

Trading Idea
The old style works as an Asian session scalper including a long term advanced strategy trading around the clock on EURUSD with high SL & TP targets.
Starting from FAPTurbo 2.0 and of course FAPTurbo 3.0, the EA could trade 8 different pairs with an extreme high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
Currency Pairs
7 Different Pairs (EURUSD, EURGBP, EURCHF, GBPCHF, USDCHF, GBPUSD, USDCAD) + BITCOIN
Timeframe
M15 for Bitcoin trading and H1 for Multi-currency trading.
Backtests
Available in the FAPTurbo Review
Live Performance
Available in the FAPTurbo Review
Last Updated On
Fri Nov 11th, 2016
 
Rating: 4.76/5 (667 vote(s) cast)

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Well, now we know the most important characteristics of Wall Street Forex Robot; it's a scalper, running 24/5, uses the M15 timeframe and the pairs recommended by the provider are EURUSD and GBPUSD, while USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD are also officially supported.

It's probably not a good idea to manually configure each pair SL and TP although you can. The EA gets its settings updated from the server after authorized access configuring each pair preset values; the SL ranges from 120 pips on EURUSD and GBPUSD to as high as 160 on USDCHF, while the TP is around 25 pips, with the notable exceptions of GBPUSD where TP is 50 and USDCAD where TP is 14. The stop loss is rarely touched, though - by deeper inspecting the backtests - as any sensible scalper EA, in most cases when the market moves against it, it can close the trades before hitting the SL, the average win / loss ratio being roughly 1:2.75. It has also an ability to take profit early before the take profit target is hit by its positions, when it figures that's as many pips as the market is going to give it.

The strategy itself is fairly simple; a few indicators which are shipped with MetaTrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA it seems to be entirely thread safe.

When running on the recommended two pairs, the average of WallStreet Robot is about 3.5 trades / day and almost 5 trades / day when running on all the five days of the week, so it qualifies as a rather frequent trading EA. There's no GMT setting as it trades around the clock, so it's not to worry about in this EA.

Wall Street Forex Robot is completely compatible with the NFA rules as it opens only one trade at once on each instrument traded, there is no problem with FIFO and hedging. But you need to be careful as if it operates together with another EA trading the same pairs on an account with the NFA restrictions in place, this might lead to inability of one of the EAs to open trades.

Trading Idea
A scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators which are shipped with Metatrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA it seems to be entirely thread safe.
Currency Pairs
GBPUSD and EURUSD are Recommended! USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD are Also Supported!
Timeframe
M15
Backtests
Live Performance
Last Updated On
Mon Oct 10th, 2016
 
Rating: 4.68/5 (160 vote(s) cast)

Official Website  EA Full Review

Based on scalping strategy, the EA uses identical 40 pips stop loss and take profit limits, producing a theoretic a 1:1 risk-reward-ratio. This risk-reward-ratio may fall to 2:1 in backtests or even lower in live trading as the EA Happy Market Hours tends to close positions regularly after the market positions before S/L and T/P limits are reached. However these limit values in the EA are excellent for a scalper.

The default maximum spread used by the EA is 5 pips, such a spread - especially with minor currency pairs - is unreachable by any broker even during the active European or American Sessions. During the wider spread Asian Session, this limit could be breached easier.

Trading Idea
A scalper EA using identical 40 pips S/L and T/P limits with default maximum spread of 5 pips, basically designed for all types of traders in the Forex market including new users.
Currency Pairs
EURUSD, EURCHF, EURGBP, EURCAD, USDCAD, USDCHF, GBPUSD, GBPCAD, GBPCHF, CADCHF
Timeframe
M15
Backtests
Available in the Happy Market Hours Review
Live Performance
Available in the Happy Market Hours Review
Last Updated On
Mon Aug 15th, 2016
 
Rating: 4.91/5 (206 vote(s) cast)

Official Website  EA Full Review

As a multi-currency trader, MathFxPro runs only on EURUSD MT4 chart and open virtual trades on almost every currency pair in the background.

It should run 24/5 without interruption for the best performance and results, we recommend using FXVM Forex VPS host to ensure the maximum stability and the best profitability.

It does not trade every day. It trades on average 300 to 500 times per year.

For accounts with a balance less than $5,000, it's recommended to disable auto-calculation of the lot size (AutoLots=false) and set the lot size to 0.01 for the maximum safety and protection.

Trading Idea
A non-martingale multi-currency Forex robot!
Currency Pairs
A multicurrency EA, Runs on EURUSD Chart and Trades AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY and XAUUSD
Timeframe
M30
Backtests
Available in the MathFXPro Review
Live Performance
Available in the MathFXPro Review
Last Updated On
Mon Aug 08th, 2016
 
Rating: 4.78/5 (374 vote(s) cast)

Official Website  EA Full Review

Compared to the previous version, the latest RobinVOL v3.0 is a totally new Forex robot that included many improvements and new features in addition to some important features from its precursor v2.0.

It trades volatility breakouts. It enters positions in the breakout directions using two different strategies:

  • On Breakout Occurrence.
  • On Breakout Retracement.

Positions are added in the breakout direction on every bar as long as the conditions are met, RobinVOL only trades at the bar close protecting against some market spikes and fake movements.

If the TakeProfit or StopLoss levels are touched by the traded pair price, the opened trade is not closed at once, but RobinVOL waits for the bar closing to see if the price closes behind those levels, so every trade closing will always be a bit further from both the TakeProfit and StopLoss levels.

Portfolio Mode

This is a new capability in the latest version 3 of the EA, it can now run with multiple configurations at the same time via holding and manipulating the market data rapidly and precisely.

Order Management

Inline with portfolio mode, RobinVOL v3.0 can now efficiently manage all operations on the same currency pair and avoid unnecessary commissions to improve its efficacy.

Single Trading Mode

This is the traditional trading mode of the previous version 2.0, it's still operable in the latest version 3.0 where it's now more profitable thanks to the improvements made to the latest version, the most important of which is the ability to trade in non-standard timeframes as 7M and 12M for example.

Security and Protection

All the security features of the older version 2.0 as the weekend protection, bracket StopLoss / TakeProfit and setting an initial balance regardless of the real account balance are kept in the latest version 3.0 in addition to the new option to specify the size in the account currency for calculation operation sizes that was added to the EA settings.

Performance Variations Expansion

Multiple pairs are now supported with different timeframes that were carefully selected after deep performance analysis and testing with various techniques.

Graphical Interface

A redesigned graphical interface is now integrated to display important information on the chart in a simple and clean way to track information from different charts in one place.

Setting Files and Folders Structure

After installing RobinVOL v3.0, monthly updated setting files that are downloadable at the official client area have to be copied to EA folders every month, a new structure of these folders have been set to make this process easier compared to the previous version.

On updating the setting files at the beginning of each month, trades from the previous month will still be automatically managed even if there is no setting files.

RobinVOL v3.0 can also run with other Forex robots.

Trading Idea
Forex RobinVOL trades volatility breakouts and their retracements. It's not a scalper and opens additional trades whenever matching the first entry conditions, up to a preset count of trades which is 8 by default, and just trades at bar open.
Currency Pairs
AUDJPY, AUDUSD, CADJPY, EURAUD, EURGBP, EURJPY, EURUSD, GBPAUD, GBPUSD, USDCAD and USDJPY
Timeframe
M1, non-standard timeframes are supported.
Backtests
Available in the Forex RobinVOL Review
Live Performance
Available in the Forex RobinVOL Review
Last Updated On
Wed Jul 20th, 2016
 
Rating: 4.8/5 (81 vote(s) cast)

Official Website  EA Full Review

It basically depends on short term trends by identifying them and trading in their direction.

It trades multiple currency pairs at a time with coordination to balance out the risk.

So if for example the EA has 2 pairs with profitable trades, then one of them has gone against the desired direction, the system then tends to close this loser trade but it waits till the result sum of closing both is a profit, to close them together, so the net result will be a profit despite the losing trade.

This is considered a reasonable form of protection added to profit securing!

Trading Idea
Funnel Trader EA strategy simply identifies short term trends and trades in their direction.
Currency Pairs
AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD and USDJPY
Timeframe
M15
Backtests
Available in the Funnel Trader Review
Live Performance
Available in the Funnel Trader Review
Last Updated On
Thu Jun 30th, 2016
 
Rating: 4.65/5 (37 vote(s) cast)

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It applies the professional fund managers technique called the "Smart Money" for maximum profitability, in addition to a sophisticated drawdown compensating algorithm combined to the well known volatility breakout strategy for maximum protection.

The volatility breakout strategy is used by Smart Money technique to follow the market impulse for its purity and logic for the most reliable and constant performance.

In addition to that, the EA applies a cutting-edge polynomial algorithm that sets and tunes the system parameters in real-time in response to the continuous market movements and condition changes.

It also applies a set of intelligent profitable and protecting systems as:

  • High spread and high slippage protection system.
  • State-Of-The-Art Profit Protection System.

Trading Idea
No exotic or speculative techniques are applied in the EA and it's not a slippage or spread dependent.
It detects the final moments of a volatile market trend or session, identifies the volatility limits below which the dominant market trend is, and don't ignore the special situations when those volatility limits occur near important market levels, predict price levels that should capitalize when market is readjusted after the volatility breakout has occurred, and finally it sets an order based on that prediction.
Currency Pairs
EURUSD
Timeframe
M5
Backtests
Live Performance
Last Updated On
Thu Jun 23rd, 2016
 
Rating: 4.53/5 (43 vote(s) cast)

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By its carefully coded logic, RayBOT trades swings close to support / resistance levels and once a position has been opened, the eagerly acting built in trade management unit starts its work.

To protect the trade, the ideal StopLoss and TakeProfit levels are then immediately calculated by the EA to be set on the broker's side, while the trade is really managed by using undisclosed StopLoss and TakeProfit which are dynamically calculated by the EA according to the running volatility level and usually limited to 65 pips on an average of just 35 pips. During periods of financial crisis, the market could be extremely volatile, in such cases, the EA sets the StopLoss at a maximum of 200 pips.

RayBOT allows winning trades to continue to their full potential to maximize gains while it early cuts losing ones. It usually closes trades on the trend strength loss or at the early beginning of a reversal.

The system is a positive risk to reward ratio dependent, achieving a success rate that could exceed 50%.

Trading Idea
As a non-Grid, non-Martingale system, RayBOT relies for its trading on price swings between Support / Resistance levels. It is a frequent trader achieving a trading rate of about 5 to 10 trades a week on each currency pair.
Currency Pairs
EURUSD, AUDUSD, USDCAD
Timeframe
M15
Backtests
Available in the RayBOT Review
Live Performance
Available in the RayBOT Review
Last Updated On
Sat Jun 18th, 2016
 
Rating: 4.78/5 (850 vote(s) cast)

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Volatility Based Market Algorithm & Money Management

Volatility Factor EA was designed to make 10-15+ pips per trade via its very powerful volatility based market algorithm.

This algorithm closely watches the market, so when a desired movement is detected in a certain direction, in a lightening fast reaction, it initiates trades with leverage to magnify the returns on the current market volatility.

The EA focuses on the medium term market's signals and with its powerful and sensitive money management system, it can keep your account safe and minimizes risk till the trades get exited.

Prevailing Level Detection

This is the corner stone for the volatility based trading strategy via a thorough view over the market to correctly predicting the currency pair trading range within which its price swings.

More over, thousands of sophisticated calculations are necessary to correctly map the channel and accurately identify the prevailing level, which are automatically processed by Volatility Factor EA.

Drawdown Correction

By applying the volatility based market algorithm, the EA can make important profits unless a genuine channel breakout has occurred that isn't inline with the algorithm's calculations, here the EA money management algorithms starts its action by closely watching the trades and systematically closing each position with an optimal profit level and a minimum drawdown to protect the account balance and keep it within the risk profile parameters.

Trading Frequency

With such strategy and profiting protocol, any system should end into a lazy one with slow trading rate, but via its lightning fast trading logic, Volatility Factor EA can quickly react with the market, analyze it and makes 3 - 4 profitable trades per session.

Spread and Price Slippage Protection

Volatility Factor EA has an advanced integrated protection system that is configured to minimize the broker driven price spread and slippage, so it's compatible with any broker and any account type.

Trading Idea
Volatility Factor EA trades by opening a basket of 4 positions maximum depending on market volatility, taking profit at 20 pips with hard StopLoss of 50 pips, this means that touching the SL for the 4 basket trades would mean a drawdown (4 * 50 = 200), this is a so much safer if compared to the older version which drawdowns could be in excess of 1500 pips of (380 * 4 = 1520) pips.
Currency Pairs
GBPUSD, EURUSD and it also trades other unsupported pairs.
Timeframe
M15
Backtests
Available in the Volatility Factor Review
Live Performance
Available in the Volatility Factor Review
Last Updated On
Thu Apr 28th, 2016
 
Rating: 4.43/5 (72 vote(s) cast)

Official Website  EA Full Review

  • It's a Trend follower Forex robot (No Forex indicators are involved).
  • It also has an improved smart money management system that can keep the account balance secure and protect it from unbearable losses!
  • It has a safe Drawdown control.

Trading Idea
PowerfulForex is a non-indicator dependent Forex robot - uses no indicators in its algorithm, but computes the entry and exit points according to its precise analysis of the market movement in the past days.
Currency Pairs
AUD/USD,EUR/USD
Timeframe
H1
Backtests
Available in the PowerfulForex Review
Live Performance
Available in the PowerfulForex Review