The top 20 forex robots list, doesn't necessarily represent the best from the database but it shows the most stable expert advisors during a long period of time. Even if we see how they perform now, we can't know how they will perform in the future. The best approach remains the diversification and not betting on one horse. You need several expert advisors in order to get better and more stable results. Choosing more than 10 will smooth the equity curve significantly and even if several fail, the result still will be profitable. Check carefully the parameters, what is the average expectancy for a trade, and how much trades are done. Also, have in mind that all the trading robots have more than 2 years backtest with good results. Some of the robots may have digits instead of names, or missing descriptions. This doesn't mean that there is something wrong with them, just that information is still not put in the database.
|Expert advisor name||Descripton||Profit in points||Trades|
|CableTr (GBPUSD)||CableTr is a trading robot designed for swing trading. The expert advisor is searching for relatively big movements (hundreds of pips) which makes it weakly susceptible to wider brokers’ spread. The expert advisor is using small 10 bars backward range breakout to enter the market. It is using stop-loss, take-profit, stop loss to break even, and trailing stop to exit the market. It can have only one position at a time and is trading with a fixed lot without money management. The trading robot has over 5 years of successful backtest since 2012 and almost 1-year Forward test. This trading advisor uses a only fixed lot and does not use any average loss or martingale logic (there is always just one open position simultaneously).||2992.5||127|
|MegaTr (USDJPY)||This trading robot uses Fibonacci levels retracement. There are horizontal lines that indicate support or resistance levels. The main Fibonacci level retracements are 38.2%, 50%, and 61.8% correction of the main movement. The parameters are optimized for the USDJPY pair at the H1 chart. The exit signal of the expert is stop loss, take profit, or trailing stop. The expert advisor works with fix lot and with just one open position. It does not use any type of average loss or martingale logic. The robot has 5 years backtest and one year forward test with a hundred trades.||1453.4||98|
|FTL 15 (USDJPY)||The expert advisor uses the 23.6 Fibo level to open position. There is no exit signal. The trading robot exits by using stoploss, takeprofit, trailingstop or stop at break even.||1258.1||82|
|Forex Ray (EURUSD)||The expert advisor uses bulls and bears power indicators for short and long signals.||1193.7||105|
|LinearTrade (AUDCAD)||The expert advisor uses linear regression, stoploss, takeprofit, trailingstop ,and break even. It closes the position after 93 bars if nothing happened.||1032.4||45|
|LongKHeken (AUDCAD)||The EA uses for keltner channel and heken ashi for entry signal.There is no exit signal. The system exits at stoploss or takeprofit. There is also trailingstop logic implemented.The system will close a position after 89 hours if sl and tp are not reached.||951.5||38|
|Aud keltner 1 (AUDCAD)||Ketlebr channel||862.4||26|
|FxRobotA (USDJPY)||The expert advisor uses fibo level 38.2 to open position.It uses shooting star or hammer candle pattern for exit. It also can exit by stoploss takeprofit, trailingstop and stop to BE.||825.9||91|
Above is the list of top 20 expert advisors in the data base.They are sorted by profit in points. The symbol and the timeframe are displayed right from the Epert Advisor name.You can click on the name to see the expert advisor details.
The top 20 forex robots have executed 1234 trades total with a summary output of 17809 points. Not always the best performers in the top 20 will give the best performance in the future. They can be there just because they are old, or even they can stop working. It is much better to choose the expert advisors by the stability of the equity curve and the expectancy (average profit in points for every trade). Also when looking at the expectancy you must consider the fact that some instruments are with bigger value and their expectancy may look better just because of that. When choosing a portfolio of expert advisors make sure you select as many currency pairs as possible. Choosing several trading robots for one currency pair is bad.They may look good but they can also be from the same type - trend or range, and they can result in bigger DD when combined. Choosing more currency pairs will bring more diversification in the portfolio.