“Are you bored of trading and studying charts for long hours? Allow professionals to handle this for you. Forex robots are the newest innovation in the ever-changing world of forex trading. In order to analyze market data and execute trades on your own, these automated trading systems use mathematical models and algorithms. So you can relax, watch your earnings increase, and sit back with the appropriate Forex robot. The top Forex robots of 2023 will be reviewed in this post, and you can get these forex robots for free download.
What is a Forex Robot?
A ” Forex Robot” is a type of software that makes trading choices automatically on the foreign exchange market (Forex). Robots that trade in forex do so by analyzing market data using mathematical models and algorithms. Forex Robots are also known as Expert Advisors (EAs), These robots operate by constantly keeping an eye out for specific trading indications, such as changes in trends or currency prices, and then making trades in reaction to these signals.
A Forex robot is designed to take the psychological and emotional components out of trading, which can result in poor judgment. It’s necessary to keep in mind, that not all Forex robots are trustworthy or efficient, and some can even be frauds. Any Forex robot you use to trade should always be properly investigated.
“Trading on the Forex market may be a wild ride, but if you have the correct recourses, you’re sure to succeed. The best Forex robots give the speed and efficiency required to stay ahead of the competition, making them the ideal addition to any trader’s toolset.
But when you can have everything, why stop at robots? With only a few clicks, you may get many resources to improve your trading technique.
Whether you’re a beginner trader or a skilled expert, our website has plenty to offer. As we are aware that every trader is unique, we provide a variety of materials to support your success. So why not browse our website right now and advance your forex trading?
Our forex website is dedicated to assisting traders in succeeding in the forex market by providing them with the most up-to-date tools and materials. We have a team of expert traders and analysts that routinely publish articles on forex trading methods, market analysis, and more, in addition to supplying free downloadable forex indicators, robots, and forex trading tools,
With the help of these powerful tools, you can trade with more accuracy and take control of your financial future.
Here is a list of some popular Forex robots with free download links :
01 Exp TickSniper
02 EA Web V3.10 MT4
03 EA Magic Sand v1.5
04 NEW-SMARTHEDGE-V1.16
05 Algo Plus EA
06 ODIN
07 AF-Supply-And-Demand-EA
08 E-Savdogar-EA
09 Prop Firm EA v2
10 FENIX+TOPWIN MT4 SIGNAL GENERATOR
Exp Tick Sniper
Exp Tick Sniper EA is a forex robot designed by Vladislav Andruschenko to execute short-term trades in the currency market. With 7 years of active trading and daily updates, this robot uses an intelligent algorithm to analyze currency pair data, quotes, spread, and specifications. It employs an averaging method to prevent losses and has a built-in function to activate an averaged position in case of a specific loss.
In case of extreme situations, this free forex robot uses a loss stop to cancel positions one by one until a profit is achieved. The optimal stop loss is calculated based on factors such as gain levels, the distance between average positions, and the drag stop distance. The robot uses data from the currency pair specification, current prices, and other elements to make informed trading decisions.
The Exp tick Sniper free installation and use process.
- Download free to your device;
- Set any currency pair’s chart (for instance, EURUSD);
- “Allow live trading” and the Auto trade button should be enabled;
- Don’t change the configuration. Automatic advisor!
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EA Scalper Web V3.10 MT4
The EA Scalper Web V3.10 is a high-performance forex robot designed for scalping in the currency market. It can execute up to 100 trades per day, with each trade targeting a few pips of profit. The robot offers a range of customization options, allowing traders to specify their desired lot size, maximum spread, target, and other parameters.
During trading sessions, the EA Scalper Web V3.10 actively searches for quick scalping opportunities and quickly closes trades for a profit of 2 to 10 pips per transaction. Unlike traditional trading strategies, this forex robot does not use a stop loss. Instead, it dynamically adjusts open positions to follow the most profitable trend in the market.
The EA Scalper Web V3.10 installation and use process.
- Get the software by the free download link.
- Go to the MetaTrader 4 interface.
- Click “File” from the top menu to begin.
- Click “Open Data Folder” now.
- Select the “MQL4” folder,
- Dispatch the “Experts” directory
- Next, paste the EA WEB.ex4 file.
- Then quit and launch the MT4 platform again.
- Attach the chart’s expert advisor to it.
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EA Magic Sand v1.5
EA Magic Sand v1.5 is a Forex trading robot that automates currency selling and buying. This free robot is programmed to analyze market circumstances and perform transactions in accordance with pre-defined rules and algorithms. It has advanced features and algorithms that allow it to respond to changing market conditions, reducing risk and increasing returns.
The EA Magic Sand v1.5 works around the clock and can execute transactions automatically, relieving traders of the need to constantly monitor the market. This free robot is simple to use and can be tailored to each trader’s particular needs and preferences. And also this EA Magic Sand v1.5 offers a practical and effective way for people wishing to trade on the Forex market to do so. It has the ability to generate large profits while lowering the dangers associated with manual trading.
The EA Magic Sand v1.5 installation and use process.
- Get the software by the free download link.
- Install it on the trading platform, and copy it to the appropriate folder.
- Attach to chart on the platform, right-click the chart, select “Expert Advisors,” and “Attach to chart.”
- Configure settings and parameters, set lot size, stop loss, take profit, etc.
- Start EA and monitor performance, view trades and adjust settings.
- Keep a close eye on performance and adjust settings for optimal results.
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NEW SMART HEDGE M1 v1.16 EA
A forex trading robot, also known as an expert advisor (EA) for the MetaTrader 4 (MT4) trading platform, is known as “NEW SMART HEDGE M1 v1.16 EA.” Version 1.16 of the robot is available for free download. The time period that the robot is intended to work on, which is commonly the 1-minute time frame, is presumably indicated by the “M1” symbol. The term “Smart Hedge” might be used to describe the robot’s trading approach or process. An unrestricted MT4 System might mean that the robot can be utilized on any MT4 platform without any problems.
To install and run the New Smart Hedge M1 v1.16 EA Robot in Metatrader 4, follow these steps:
- Open the MetaTrader 4 platform.
- From the top menu, click on “File.”
- Click on “Open Data Folder.”
- Open the “MQL4” folder.
- Open the “Experts” folder.
- Copy the New Smart Hedge M1 v1.16 EA.ex4 file into this folder.
- Close and restart the MT4 platform.
- Attach the expert advisor to a chart.
- You are now ready to start using the New Smart Hedge M1 v1.16 EA.
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Algo Plus EA
The Algo Plus EA for Metatrader 4 is a fully automated Forex robot designed to take advantage of quick market movements and scalping strategies. It operates by opening and closing trades in just minutes or seconds. To ensure optimal performance, it is recommended to utilize this expert advisor on currency pairs with low spreads.
Despite its efficiency, it has been designed to show profits even on smaller trading accounts and does not employ any hazardous trading techniques such as doubling down. The Algo Plus EA is compatible with any Forex broker of your choice and, as with any trading robot, it is advised to test it on a demo account before using it in live trading to better understand its performance and behavior over an extended period.
To install and run the Algo Plus EA Robot in Metatrader 4, follow these steps:
- Open the MetaTrader 4 platform.
- From the top menu, click on “File.”
- Click on “Open Data Folder.”
- Open the “MQL4” folder.
- Open the “Experts” folder.
- Copy the Algo_Plus EA.ex4 file into this folder.
- Close and restart the MT4 platform.
- Attach the expert advisor to a chart.
- You are now ready to start using the Algo Plus EA
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Odin
Odin Forex Robot is a forex trading automated program for the MetaTrader 4 (MT4) platform. It is intended for use by traders of all skill levels, from beginner to advanced. It works by constantly analyzing the market and performing deals on the information depends. Downloading the MT4 platform, creating a forex trading account, and linking the Odin Robot to your charts are all part of the setup process. To trade, the program requires the MT4 desktop platform to be operating continually. To assist users with the installation procedure,
the creators provide setup instructions and assistance.
To install and run the Odin, follow these steps:
- Download the software from our free download link.
- Run the installation file and follow the on-screen instructions.
- Configure the software to your preferences and connect to the trading account.
- Launch the software and start trading.
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AF Supply and Demand EA
The “AF Supply and Demand EA” is a forex trading robot that leverages the principle of supply and demand in the foreign exchange market. The basic idea is that when demand for a currency exceeds its supply, its price will rise, and when supply exceeds demand, its price will fall.
This robot uses algorithms to analyze market data and identify where supply and demand forces are at play. Based on this analysis, it makes trades aimed at taking advantage of changes in the price of currency pairs.
It’s important to keep in mind that the specifics of how this robot operates may vary. If you’re considering using it for trading, it’s crucial to thoroughly understand the information provided by the vendor or platform.
To install and run the AF Supply and Demand EA, follow these steps:
- Free Download the software.
- Run the installation file.
- Configure the software and connect to the trading account.
- Launch the software and start trading.
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e-Savdogar EA
The “e-Savdogar EA” is a forex trading robot that offers automated trading capabilities. This robot is fully or partially automated and has the ability to automate indicators. It comes equipped with a range of features, including a comprehensive information panel, hidden take profit, full monitoring capabilities, and the ability to display spread and candle expiration time on the graph. This robot offers three different modes for trading Auto Trading mode, Manual Trading mode, and Indicator to Auto mode.
Auto Trading mode: In this mode, the robot can be fully adapted to market conditions using hedge and trailing safe functions. Manual Trading mode: This mode allows traders to manually enter and exit trades, managing risk and closing positions safely. Indicator to Auto mode: This mode allows traders to turn any indicator into a robot without the need for encoding, effectively turning the indicator into a fully automated trading system.
To install and run the e-Savdogar EA follow these steps:
- Get the software.
- Free Download it to your computer.
- Run the installation file.
- Follow the on-screen instructions.
- Configure the software to meet your needs.
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Prop Firm EA v2
The Prop Firm EA v2 is a software designed for trading in the foreign exchange market. It works by first collecting important information about currency pairs such as prices, trends, and market news. Based on this analyzed data, the software selects a strategy using pre-set rules which could involve buying or selling a specific currency pair at a certain price or under certain conditions. The chosen strategy is then executed by placing orders to buy or sell in the forex market.
This software is designed to continuously monitor the market and adjust its strategy as needed to keep up with changes in market conditions. The Prop Firm EA v2 has several key functions that help to define its trading approach. These functions include spread control to reduce risk in volatile markets, a user-friendly installation process with a step-by-step guide and video, automatic lot management to determine trade sizes based on the trader’s capital, compatibility with funding firms like FTMO, an absence of stop loss, and client support through email, live support, and social media channels.
To install and run the Prop Firm EA v2 follow these steps:
- Download the EA file.
- Open MetaTrader platform.
- Go to the “Navigator” window.
- Open the “Experts” folder.
- Drag and drop the EA file into the folder.
- Attach EA to the chart.
- Configure EA settings.
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FENIX+TOPWIN MT4 SIGNAL GENERATOR
The Phoenix indicator is a powerful tool for forex traders, combining several techniques for assessing potential price reversal zones. It excels at spotting short-term trading opportunities, especially in range-bound markets. By combining an oscillator and a simple moving average, the Phoenix indicator produces effective buy/sell signals.
It is best used for scalping and day/intraday trading and is suitable for traders of all levels. However, it should not be used as a standalone indicator in trending markets. To use the Phoenix indicator effectively, traders must first determine if the market is trending or range-bound, and only use it in range-bound markets. The indicator will draw a buy arrow when the market is oversold, and a sell arrow when the market is overbought.
To install and run the Fenix + Topwin Mt4 Signal Generator follow these steps:
- Download the indicator file.
- Open MetaTrader 4.
- Navigate to the “Navigator” window.
- Select “Indicators” and import the indicator file.
- Apply the indicator to a chart.
- Configure the indicator settings.
Once you have completed these steps, it’s ready for use in your MetaTrader 4 platform
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