Best Forex Expert Advisor for MT4
Top 3 Forex EA Robot in 2023
Are you tired of manual Forex trading? Above all, do you still struggle with trading results after months of trading, hours of chart analysis, and reading every news article? Check now our in-depth review of the best Forex Expert Advisor for MT4 and MT5 in 2023! Start your robot-based automated Forex trading journey today.
No. 2 ROBOT
Features of 2nd best Expert Advisor (EA)
- EA strategy uses a newly developed innovative technology involving virtual trades, that brings precision entry points.
- 12 unique trading strategies that you can plug and play.
- Full access to their private forum which has 100s of custom set files.
- Just $10 is required to trade on a Nano account with this Robot.
- Compatible with NFA regulated Forex brokers.
- Robot opens 8 to 14 trades per week.
- Myfxbook verified EA.
- 4.2 rating at ForexPeaceArmy.
No. 1 ROBOT
Features of the best Forex Expert Advisor for MT4
- A third party (Myfxbook) verifies each account’s track record and trading rights.
- Expert Advisor employs a range-based trading strategy that performs well in low-volatility environments.
- During low volatility, the EA employs a sophisticated strategy that trades for only 1-2 hours per day, limiting drawdowns.
- Multiple filters are used to avoid bad market conditions.
- Trade any pair, indices or Crypto.
- Works with any MT4 or MT5 broker.
- EA opens up to 7 to 10 trades per day.
- Served 9800+ Clients, 13400+ accounts and over 7 years in Forex market.
No. 3 ROBOT
Features of 3rd best Expert Advisor (EA)
- 10x proven trading strategies for the price of one.
- Activate EA on five live and unlimited demo accounts.
- It combines the concepts of trend/grid/hedge/semi-martingale according to risk low/middle/high/combi EA files.
- A friendly and professional Live Chat Support (24/5).
- Min. amount required to trade with this EA is just $40 on a cent account.
- Verified results at third party forums such as myfxbook and fxstats.com
- Low drawdown on most of the EAs.
New to Automated Forex trading?
Never used EA/Robot for Forex trading before? Start here, whether you’re a complete beginner, or a veteran trader. We covered in-depth review of the best Forex trading Expert Advisors in 2023!
What is a Forex trading EA or Robot? Read in-depth review of the best Expert Advisor for MT4 and MT5 in 2023?
Manual Forex trading is a full-time job, and need a lot of patience and knowledge. Most importantly, in manual trading psychological factors like greed and fear plays a vital role in success of a trader.
Furthermore 90% of manual Forex traders used to make unhealthy call during critical time, which negatively affect their accounts.
However, such shortcomings of manual trading can easily be resolved by using fully Automated Forex trading softwares. These softwares are called Forex Expert Advisors (EAs) or Forex Robots.
Research shows that Forex traders who use a combination of automated and manual trading, realize 125% better results than those using manual trading exclusively.
What is a Forex Expert Advisor (EA)?
A Forex Expert Advisor (EA) or Robot, is an automated Forex trading system (software) which uses algorithmic programs and mathematical formulas to make lightning-fast financial decisions and transactions that are impossible for human traders.
Forex trading Robot or Expert Advisor (EA) is written in MQL4 or MQL5 Language.
The best Expert Advisor for MT4 and MT5 in 2023, trades 100% automatically, 24×5, without human psychological factors like greed or fear, with no human intervention and no rest.
How does an EA/Robot assist Forex traders?
The functionality of a Forex Expert Advisor (EA) can be simple or very complicated. At the same time it helps Forex traders in many different ways, such as:
- Trade Recognition — Forex Expert Advisor is capable to recognize favourable trading opportunities based on predefined mathematical formulas. Furthermore, trade recognition can be based on any technical analysis guidelines such as momentum, order flow, support and resistance etc.
- Order Placement — Timely entering and exiting from Forex market is the main element of profitable trading. And, robots are capable of placing an order at a precise moment to buy or sell the selected currency pairs.
- Position Management — Parameters for open position management are included in the Forex EA’s programming code. In addition, stop loss and take profit orders are frequently used in open positions. Beside this, advanced open trade management strategies such as trailing stops or scaling are also used in programming code.
Pros and Cons of EA/Robot trading
Pros of EA Trading
- 100% Automated — No learning, no experience required. Forex Robots are 100% programmed to carry out real trading without any human intervention and delivers the best result.
- Trades 24/5 — You can sleep without worrying about market movements. Forex Robot trades 24X5 without food and sleep.
- No Profit Sharing — The interesting fact is that, unlike fund manager or investment companies, you don’t share your profit with a Robot.
- React Quickly — You can’t match speed of a computer but Robot can. It’s coded to execute several trades faster than a blink of eye.
- No Emotions, No Mistakes — The best expert advisor for MT4 is free from negative human emotions such as ego, greed and fear, and make outstanding decisions based on pre-tested strategy and algorithm.
- Stress-free Trading — Robot lift off enormous trading stress from your shoulder and allows you to earn at comfort of home, work or vacation.
Cons of EA Trading
- Mechanical Failures — Forex EA trades 24×5, and needs uninterrupted internet connection to execute all the trades it programmed to take. However, the good news is that several VPS (Virtual Private Server) providers guarantees 99.9% uptime for Robot trading. Check here the low latency Forex VPS for EA/Robot traders.
- Vulnerable to High Volatility — In 2023, most Robots works best on trending market, still they are vulnerable to sudden reading and deciphering extreme fundamental data, like economic and political events.
How to start Forex trading with an EA/Robot?
- MT4/MT5 Installation — Firstly, open an account with the best ECN/STP Forex brokers and install their MT4/MT5 trading platform at your computer.
- EA Installation — Secondly, purchase and download the best Forex EA 2023 from vendor’s website and install it on trading platform. Developers will provide you a manual about EA installation on trading platforms.
- EA Activation — Lastly, you need to activate the best Forex EA for Autotrading. Vendor will provide you an activation code which you need to enter in MT4/MT5 trading platform. Upon completion of EA activation, it will trade on its own without any human intervention.
Note: Mobile trading platforms do not support Forex Expert Advisors for MT4 and MT5. Trading with EAs is only available on desktop trading platforms.
9 Proven Tips to Enhance Performance of a Forex Expert Advisor (EA)
If you think you’ll start making money the next day by finding the best Forex EA Robot in 2023. Then hold your horses!
Our team of experts has years of experience in Forex trading. And they have done extensive research on automated Forex trading systems/softwares. Our experts came up with these 9 tips that will help you to improve performance of any Forex EA Robot in 2023.
1. Best Trading Conditions and Execution Quality
If the spread of your Forex broker gets unreasonably widened during news hours or during market opening and closing hours, then even the best Forex EA will not be able to make successful outcomes in such an adverse trading environment.
To get the best results from any Forex Expert Advisor (EA), you must need the best ECN/STP Forex brokers on your side offering: spread < 0.5 pips, order execution time < 500 milliseconds, Slippage < 15 pips, and zero requotes.
Also, check VPS latency, it should not exceed 20 ms. Without a VPS, you should never consider trading with an Expert Advisor. In short, trading automated EAs without a VPS is akin to shooting yourself in the foot.
2. Best Low Latency VPS
As Robot trades 24*5, it requires uninterrupted power supply, internet connection and low latency. Only a good VPS can fulfil all these requirements. Not only does it increase the likelihood of profit-making opportunities, but also helps to save huge losses. And, you can subscribe to a low latency VPS for just $25 to $40 monthly fee.
3. Check VPS Daily
Certainly, VPS providers give 99.9% uptime, but check your VPS on a daily basis to be on a safer side. In addition, check whether trading platform is working properly. Also daily check whether Forex robot is active on all selected currency charts.
4. Track Major News Events
Daily follow the Economic Calendar for high, medium and low impact news. Also, follow EA vendor’s instructions about EA trading during news hours. For instance, some EA programmers instruct their Forex Expert Advisor for MT4 and MT5 to be disabled one hour before major news hours and to reactivate them one hour after major news.
5. Read EA Manual
Each and every word in an EA manual is important. As a result, don’t be a lazy when it comes to reading EA manuals. EA developers occasionally describe in their manuals a few secret EA settings that can be game changers.
6. Demo Tracking
Firstly, activate the best Forex EA on both demo and live trading accounts. In any case, if you start to notice losses continuously for 3–4 days, disable your EA on live account. However, continue to monitor it on the demo account. Finally, when you notice expert advisor has resumed successful results on the demo account, reactivate it on the live account.
7. Limit number of Expert Advisors
Don’t cloud your trading platform with multiple Robots that aren’t going to help you improve your trading results. Indeed, the recommended practice is to use only one Robot on one trading platform, and only on five to six currency charts.
8. Check Version of Expert Advisor
You’ve probably noticed that the Forex market trend shifts every four to six months. Considering trend shifts programmers adjust their EAs in response to changing market conditions to ensure consistent results throughout the year. So, make sure you’re trading with the most recent version of the Forex expert advisor.
9. Check Pirated copy of an Expert Advisor
Do not trade with pirated copy of any popular Forex expert advisor or robot. As a matter of fact some scam programmers usually crack original robot code and sell it at lower price. However, such pirated copy of robots are several years old and have not been updated to reflect current market conditions.
Best Forex Expert Advisor for MT4 & MT5 in 2023 - myfxbook verified
Find here latest list of the best Expert Advisor for MT4 & MT5 in 2023 for automated Forex trading:
- Forex Fury EA — Myfxbook verified EA employs a range-based trading strategy that performs well in low-volatility environments.
- Forex Flex EA — EA strategy uses a newly developed innovative technology involving virtual trades, that brings precision entry points. Min. amount required is just $10.
- Happy Forex EA — No Grid, No Martingale, No Arbitrage. Happy Forex EA offers 9 proven trading strategies for the price of one. In addition, you can activate EA on unlimited live accounts.
Until now, you’ve learned what a Forex Expert Advisor (EA) is, what its advantages and disadvantages are, how to trade Forex 100% automatically using an Expert Advisor, and how to improve the performance of any Expert Advisor utilizing our 9 exclusive tips.
Returning back to our original topic, let’s go over review of each of the three best Forex Expert Advisor for MT4 and MT5 in 2023 in detail.
If you are a small investor and you don’t have the time to follow news and events all day, it will be difficult for you to make a good result consistently.
But, don’t worry; an algorithmic program can help you trade 24/7, fully automatic, without requiring any manual intervention on your part. Further it also ensure that no opportunity is lost even when you are sleeping.
When searching for the best Expert Advisor for MT & MT5 in 2023 that promises high success rate, you will find a lot on the market. However, time has shown that Forex Fury EA has become a pioneer in the industry.
For this reason, our in-depth review is perfectly suitable for people interested in algorithmic Forex trading, and especially in Forex Fury robot.
In case if you want to know how useful Forex Fury Expert Advisor for MT4 is. Then you must read meaningful EA reviews and trustworthy testimonials. Most importantly, trading with such an EA requires a lot of research work to find the right approach that will execute your trades correctly.
Reading this review is, therefore, the right step.
- Myfxbook verified results.
- Range-based low, medium and high risk strategies.
- Opens 7-10 trades per day.
- Trade any currency pair, indices or Crypto.
- Works with all MT4/MT5 Forex brokers.
- EA served 9800+ Clients.
- The EA’s purchase price is a little steep, may be out of reach for those just starting out in Forex trading.
- Live Chat Support is not available 24/7.
Overview of the Forex Fury EA
The Forex Fury EA is compatible with NFA, FIFO and operates at the MT4 and MT5 trading platforms.
Most importantly, it has been on the market for over a decade and claims to compound accounts at a monthly rate of 10-20%. This number is dependent on market conditions and how the client uses this software. Forex Fury EA developers do not forecast or guarantee future returns.
At TrustPilot, Forex Fury has a 4.3-star rating based on 203 reviews. Indicating that the majority of buyers are happy with their purchases.
Robot focuses on several currency pairs on 15 minute time frame. And employs a sophisticated low-risk scalping strategy, and trades for only 1-2 hours per day. The trading frequency is about 5 to 10 trades per day.
These pairs are GBPUSD, USDJPY, USDCHF, AUDUSD, EURUSD, USDCAD, AUDCAD.
There are two packs you can buy, gold and diamond. The packs differ mainly from the number of live account licenses.
Gold version contains one live account license, while diamond account has 2 live account licenses. Basically, the more real licenses you have, the more trades can be made.
Price range of Forex Fury EA is from $229.99 up to $429.99.
True Secrets to the success of Forex Fury EA
Forex Fury Expert Advisor for MT4 trades like a professional trader. It is never tired, has no fear, and always pays attention. In all, robot exactly fulfils the conditions of the trading strategy prescribed in it. Therefore, deals are concluded at the most optimal price. Let’s look at each of the factors that made this EA successful in 2023:
1. Broad Risk-Management Strategies
A very notable feature of the Forex Fury robot is to operate with low risk, medium risk and even high risk strategies.
Best expert advisor for MT4 gives traders the option of moving slowly and steadily or quickly flipping an account. Additionally, because of new features such as the range filter and maximum spread, this robot is suitable for traders of all risk profiles.
2. Impressive Results
Forex Fury results are considerably noticeable and it could give the traders a great success. However it also depends on how much the traders allow the robot to take risk. Evidently, statistics from the past had already proven the success rate, in many cases, up to 10 to 20% per month.
3. Myfxbook Verified Results
On the Forex Fury website, potential users can see the past results for many trades, verified at third party website myfxbook. All of the myfxbook accounts are clickable, allowing clients to view all of them in detail.
In fact, EA developers are open about their results and wants to show them off to the public. Something other Forex robots don’t have on their site in such great detail.
4. Great Reviews
Surely reviews can always let a potential user know if an Expert Advisor (EA) is worth it or not. You can find reviews about them at Trustpilot. Undoubtedly, they are generally quite positive, a 4.3-star rating based on 203 reviews.
In all reviews, the same positive aspects return, such as the full support, the lifetime updates, easy to set up, and the very impressive results that were received.
However, some negative aspects were also mentioned in all these reviews. These were the price, trading only 1 to 2 hours per day, and the fact that the trading results take time to give a good result.
On the positive side, it is expected that these negative aspects will change later in the future.
5. Range Filters
In range market situations, the Forex Fury Expert Advisor works best. We were able to lessen the risk of trading in trending market conditions by utilizing the ADX indicator and Range filter together.
ADX indicator can properly assess ranging market circumstances using the range filter, which is ideal for spotting up the best entry point. However, if the Range filter is enabled, this will reduce the frequency of trades.
6. Speed and Accuracy
A positive aspect of the Forex Fury expert advisor is the speed at which the low, medium and high risk trading strategies are implemented.
While in manual trading, a trader first examines all the indicators, gathers information, and creates a trading strategy from it. Comparatively, Forex Fury quickly calculates the best possible trading variant along with the entered parameters, indicators, and data.
7. Robot Diversity
Developers have been testing it on multiple currency pairs since 2021. Basically, traders can trade mostly all liquid currency pairs with Forex Fury software.
8. Experienced Developers
The Forex Fury brand and community behind this Forex robot are also important. Every year, they provide a new and improved edition of this EA. As well as fresh tips and information about emerging trends.
9. Lifelong Updates
When you buy this expert advisor, you will receive lifelong updates and customer support. As a customer, you will also have free access to all future updates from Forex Fury developers.
What improvements in Forex Fury would traders like to see ?
1. Lots of settings are confusing
Forex Fury EA contains a lot of detailed settings, which can seem quite complicated and unfriendly for the beginner Forex traders. Therefore, it is essential that the trader understands and follows the instructions provided with the software.
2. No Explanation
Beginner traders may not feel too safe with the software. Provided that programmers do not give information about all strategies in detail.
Final Thoughts on Forex Fury EA
Following the installation of the EA, it is advised to monitor the actions for a few days on both demo and live accounts with a small amount in order to intervene if necessary.
In addition, the trader can check at any time whether the strategy works and change it in case of failure.
Forex traders should avoid any trading EAs for free or at a low price as they cannot be a good quality Expert Advisor (EA) like the Forex Fury.
To conclude, Forex Fury is the best Expert Advisor for MT4 and MT5 that can help you to fulfil Forex trading goals in 2023.
Firstly, Forex Flex EA is one of the best performing Forex trading EA/Robot on the market since 2012. Because it stands out from the rest, thanks to verified live trading results on myfxbook and a 4.2/5 rating on ForexPeaceArmy.
Furthermore, it performs well on GBPUSD, USDJPY, USDCAD, USDCHF, EURUSD, AUDUSD, EURJPY, EURCHF, EURGBP, NZDUSD charts but can be traded on nearly any chart.
With new versions and updates released on a regular basis, as well as an automatic update system, Flex EA is a very appealing and one of the best Forex Expert Advisor for MT4 and MT5 in 2023.
Above all, they use innovative technologies involving “virtual trades” and offer many interesting features that other Forex robots don’t provide and keep it optimized to today’s world.
Finally, a constant new influx of different strategies for this program makes it more difficult for competitors to keep up with them.
- Myfxbook verified results.
- 12 selectable trading strategies and 100’s of custom set files.
- Can Pass FTMO Prop Firm Challenges
- Rating 4.2 out of 5 at FPA.
- Any MT4/MT5 Forex Broker.
- NFA And FIFO Compatible.
- Best MT4 EA Since 2012.
- The purchasing price for the base product is quite steep.
- No Live Chat Support but fast email response 24/7.
Forex Flex EA Trading Strategy
Basically, Forex Flex EA uses a newly developed innovative technology that involves “Virtual trades”. Which means, EA will open trades virtually in the background, and uses this virtual trade to monitor the market trends.
Such monitoring helps EA to determine the perfect entry and exit points for the real trades.
Additionally, having the perfect strategy which fits your market is extremely crucial, and every user always experiments a bit with different strategies before finding the perfect one for their trades.
Luckily Flex EA offers 12 different strategies for you, 3 of them are recently added in 2022, so you’ll find the perfect one.
To name a few: Big default, Half Grid, TrendSurfer, Custom TDI, ADR Dynamic, Stochastic Grid, high risk and many more.
With Forex Flex EA traders can also design their own strategy or change an existing strategy with the 90+ settings to tweak and modify.
The EA community/forum also advises several strategies for certain markets, making it easier to mix and match.
This often happens when a customer has a very specific requirement and not often trade market, and needs something different to support it. Luckily Flex EA is one of the Expert Advisor for MT4 that offers this.
Why Forex Flex EA is better than other Expert Advisors on the market?
Given that every Forex expert advisor for MT4 has some good points about it that make the robot stand out. Likewise, some bad points which could lead to users quitting the robot or possible users not being attracted to it.
Similarly, Flex EA also has some positives and negatives regarding their entire robot and company. Therefore, we will give you a roundup of those aspects, which have been mentioned in this review, as well as some new information about Flex EA.
1. Precise Entry Points
As a matter of fact, this EA uses new market monitoring virtual trade technology. Undoubtedly, it provides precise entry points that no indicator can match with. In addition, the default settings open up 6 virtual trades in the background per currency pair to monitor the market and based on that it precisely calculates entry points.
2. Proven Strategies
Above all, traders will get 12 proven strategies and 100’s of custom set files. Also, a constant influx of new and automatically updated strategies will provide Forex Flex robot with new ways of making success for Forex traders.
Unquestionably, these new strategies are always tested to the maximum and only added when the developers are 100% confident of them, and if they accommodate the market.
3. Third Party Verified Results
As has been noted, just a handful of EA developers dare to show verified trading results of their live accounts via reputed third-party forums such as myfxbook and fxblue.
However, Forex Flex EA is one of them. Evidently, their homepage displays 15 separate trading accounts verified by myfxbook. So, for trader’s self-assessment, these myfxbook verified accounts are just a click away.
4. Highest Rating at FPA
Another key point, Forex Flex EA has a ForexPeaceArmy rating of 4.2/5, making it one of the highest-rated EA in the world.
Certainly, higher user rating at FPA indicates that it is one of the best Expert Advisor for MT4 and MT5 in 2023.
5. Professional Customer Support
Besides this, they offer a customer support service like nowhere else. When you contact, you will not be talking to a hired representative who doesn’t know all the details about it. But, instead you’ll be talking to an actual developer of the program, Steve.
Steve reads and responds to every single request and has been working on the program for more than 10 years. He can provide all details and help you with even the smallest problem that you are having.
Many of the current features were once ideas from customers. This proves how much Flex EA cares about their customers feedback and complaints.
6. Popular Member only Forum
Behind this amazing robot is a fantastic community/forum. Which providing information and amazing tips and are ready to help beginners with occurring problems. This community platform is completely unfiltered and has provided Forex Flex EA with many opportunities to improve their program.
Forum members share their own custom set files on the forum and testing new ideas and strategies. Many amazing ideas have been sprouted out of this forum, which is now featured with the robot.
Forex Flex EA has the confidence to provide such community/forum. Because they know their Expert Advisor EA is the best Forex EA Robot on the market.
7. Simplicity and Flexibility
The best Expert Advisor for MT4 will likely focus on simplicity and versatility because these are the features that Forex traders will value the most.
You just have to attach Flex EA to a chart. Select the strategy you want from the drop-down menu, and apply it. Click, ok, and you are set.
Tweaking strategies can take a lot of time because of the hundreds of settings. Luckily, Flex EA offers optimized set files. They take the strategies a step further and tweak them to fit your bot the best.
Next to simplicity is flexibility, it is a fast robot to set up, and all three memberships include 12 different setting configurations that offer 12 unique strategies.
8. Minimum Trading Balance
To start trading with this EA, traders need just $10 on a Nano account, $100 on a micro/cent account and $100 on a standard account.
9. Trading Frequency
If you run 5 charts on a default strategy, then expect 4 to 8 trades a week. If 10 charts are running then expect 8 to 16 trades a week.
Traders feedback about Forex Flex EA
There are many positive reviews written by experienced clients on different sites. Often these reviews include detailed descriptions of what they like and why they like Forex Flex EA so much.
Scrolling through review sites shows that Forex Flex EA has received many 4- and 5-star reviews and consider it one of the best Forex Expert Advisor for MT4 & MT5 in 2023.
These reviews include praise for the fantastic customer support, the enormous range of strategies to choose from, and how good of a product Flex EA is.
This review mentions Steve, just like many other reviews. Steve is the in-house developer of Flex EA and is also part of the customer support; he is the person you talk to when you contact their support.
Steve is also the one who responds to negative reviews on sites. He aids people who posted a one-star review, explaining the possible problem and telling the customer that he either did everything he could or that the assessment is purely subjective and does not make much sense.
One customer has posted a two-star review, explaining his dissatisfaction with Flex EA. Steve explained to the customer what has caused the problems and how he could help them work their issues out.
Luckily there are only a few one or two-star reviews out of the 76 total reviews proving that there are many more positive reviews and that Flex EA is actually a good product.
Final Thoughts on Forex Flex EA
In conclusion, after several years of operation, Forex Flex EA is one of the most challenging Expert Advisor for MT4 on the industry.
With wide range of proven strategies, regular automated upgrades, verified trading results, optimized settings, reliable money management, strong clients rating and an unfiltered community/forum, this is a stable Forex trading EA.
Forex Flex EA meets requirement of both beginner and experienced Forex trader. It is the best Forex EA Robot in 2023 for many situations and different traders.
HappyForex EAs are extremely powerful and well-programmed Expert Advisor for MT4 and MT5 trading platform. Expert Advisors are quite simple to install and set-up, taking only a few minutes.
It stands out from the rest. Thanks to verified live trading results on myfxbook, and live performance tests at ForexPeaceArmy.
They work with USDCAD, EURUSD, EURGBP, EURJPY, EURCHF, GBPUSD, AUDUSD, USDCHF and USDJPY currency pairs on 5 min to 1-hour timeframe.
Happy Forex provides 10 EAs for the price of one. Such as Happy Gold, Happy Trend, Happy MartiGrid, Happy Frequency and others.
Happy Forex EA works with any MT4 and MT5 Forex broker around the globe with maximum 4 pips spread. Therefore offering an excellent opportunity for traders globally.
The robot is supported by an amazing customer service team ready to help customers at any given time. Only a handful of EA developers offers such wide range of customer support platforms, especially Live Chat support.
Happy Forex is one of the best Forex EA Robot in 2023 for traders who want an excellent EA with 100% market evaluation and implementation.
- Ten performing EA’s for the price of one.
- Verified results at myfxbook and ForexPeaceArmy.
- Can activate EA on 5 live and unlimited demo accounts.
- Use of reinsurance positions strategy without increasing lots.
- 30% discount offer and 30 days money-back guarantee.
- Best MT4 EA Since 2012.
- The EA’s purchase price is a little steep, but after a 30% discount, it’s affordable.
- Live Chat Support is not available 24/7.
What makes Happy Forex EA a successful Expert Advisor for MT4 & MT5?
Happy Forex EA has many features that attract new clients every day. The excellent customer service and 10 trading strategies are a big reason for clients to come.
Happy Forex Robot also has a number of unique features, which are mentioned below. These are some features that other Forex robots don’t have, and it has resulted in a vast stream of satisfied customers for Happy Forex.
1. Use of Reinsurance position strategy without increasing lots
The first feature which Happy Forex presents to their clients is their use of reinsurance positions called a grid strategy.
However, unlike similar Forex robots, Happy Forex implements this grid strategy without an increase of lots. Therefore, it has no martingale.
The grid strategy is an automated method of trading which various Forex Expert Advisor for MT4 employ. For this, several buy and sell stop orders are placed at certain intervals above or below the market place.
For this unique feature, Happy Forex offers the Happy MartiGrid.
This bundle makes use of the martingale/grid strategy with technical indicators, and it comes with a news filter. This news filter helps to detect possible news releases and avoid the possible spikes that the market might experience.
As this strategy is very intensive in attention, Happy Forex uses 99.90% optimization trading platform in order to achieve the best stability and success for their clients.
2. It uses Technical Analysis Indicator for safe entry into the market
Another unique feature Happy Forex offers their clients is the use of technical analysis indicator for safe market entry.
Every trader knows that indicators are a key factor in trading success. Likewise these Happy Forex indicators, their traders have the opportunity to enter the market safely and comfortably.
With their bundle Happy INDIcators PRO, Happy Forex offers an impressive tool that aids traders in planning and executing their trades at the optimal time.
Furthermore, these indicators are responsible for the success of traders in the market and the longevity of their trades.
3. Highest Rating at ForexPeaceArmy
Happy Forex EA is possibly one of the best Expert Advisor for MT4 and MT5 on the market. Many customers have written a positive review on either their website or the ForexPeaceArmy site, where they have a 3.8 rating out of 5.
ForexPeaceArmy has displayed some of the live accounts from Happy Forex with the help of investor access.
The FPA appreciates Happy Forex Sharing their EA performance on a LIVE account with Forex Peace Army trader’s community.
4. Third Party verified Results
Have you ever seen any EA’s trading result verified for 8 years at a third party website like myfxbook, fxblue or fxstat?
You will find 8 years of Happy MartiGrid EA trading history at myfxbook.com website. In addition, you will find a gain of 250%, a drawdown of just 23%, and a withdrawal of $200,000.
Happy Forex mentions profit trades up to 87.62% on their website when using the Happy Breakout expert advisor, results are verified at fxstat.com website.
They even promise a more than 2076.7% profit for more than two years with Happy Frequency, and myfxbook.com fully verifies these results.
5. Acceptable Drawdown
To know how risky Happy Forex EA is, we first need to look at its maximum drawdown.
A drawdown of less than 25% is considered safe. However, if your investment amount is small and if your appetite for risk is higher than even a drawdown of 40% is considered acceptable.
Most of the Happy Forex EAs (except Happy Frequency) has low drawdowns. We found their drawdown between 3% and 30% as the maximum drawdown in various accounts.
6. Surprisingly Cheap EA
Happy Forex offers 2 packages for traders, the normal package and the premium package.
Normal package includes all 10 EAs, 2 real accounts, unlimited demo accounts, 24/7 premium support (Live Chat, email, TeamViewer/AnyDesk), free life time update, 30 days money back guarantee. In addition to that, traders get two bonuses, free Happy INDIcators PRO and Happy Gold MT5 Version.
And, a premium package includes 5 real accounts and all the same items as in the other package.
There are no further charges after you paid the €299 (after 30% discount, €209.30) for the normal package or the $499 (after 30% discount, €349.30) for the premium package.
You receive lifetime membership, updates for the product, and free support. Updates are done very regularly compared to other Forex robots and always provide a whole new array of functions to your robot.
7. Minimum balance requirement
The minimum balance requirement in the MT4 or MT5 trading terminal to trade with Happy Forex is $1000. Traders who don’t have this amount could go for a cent account. With cent account, they can trade as little as $10.
8. Trading years and number of trades
The number of trading years and the number of closed trades must always be checked for any EA to be reviewed. These data help traders understand whether EA has long-term consistent trading outcomes or whether EA is recent without a trackable background.
If EA shows a verified third-party track record of its Live account for more than 1 year and more than 500 closed trades, then such EAs are more reliable than others without a track record.
All the third party verified accounts of the Happy Forex EA are between 2 and 7 years old and have closed trades from 700 to 15000. Considering that, we may argue that Happy Forex is the most consistent, reliable and accurate Forex EA on the Forex market.
Final Thoughts on Happy Forex EAs
The Happy Forex EA is one of the best Expert Advisor for MT4 and MT5 you’ll need in 2023. It is obvious that Happy Forex EA is created by a smart community of developers who understand the Forex market.
The developers promise a more than 70% success rate when trading, and they also provide third party verified results. The fantastic features make Happy Forex stand out from the rest of the Forex robots.
The set-up manual is easy to understand and quick to install, with it only taking 5 minutes. Traders get a full package of 10 EAs for the price of one.
It is one of the best Forex EA Robot in 2023 for beginner as well as experienced Forex traders.
Conclusion on best Forex Expert Advisor for MT4 and MT5 in 2023
Firstly, if you are looking for an advanced scalper Forex Expert Advisor that is flexible, simple to install and use, and delivers outstanding results on a daily basis, you should take into account Forex Fury EA.
Secondly, if you don’t want to waste time tweaking EA settings and looking for a simple plug-and-play solution that you can rely on, Flex EA can be one of your EA option. It is a result driven Forex EA, as evidenced by numerous verified results on myfxbook.
Thirdly, if you are interested in trading Gold CFDs or news trading, you should look into Happy Forex EA. Also, they provide a total of 10 EAs for the price of one.
To conclude, Forex Fury, Forex Flex and Happy Forex EA confirm their results on unbiased third-party websites like myfxbook, FXstat, and FXblue. In fact, proving that they are reliable Expert Advisors for MT4 and MT5.
Expert advisors (EAs) are the future of automated Forex trading. However, it will take years of research to develop a perfect robot that produces consistent results throughout the year. So, taking into account all of the pros and cons of Expert advisors, it is advised to use them carefully.
When choosing a Forex Expert Advisor that fits your needs, it is important to know if EA developer has the right EA strategy to help you grow as a Forex trader.
Our complete review process considers all important factors. For instance, we rank the best Expert Advisor for MT4 and MT5 using a quantitative ratings model. And, this model weighs key factors like EA strategy, drawdowns, monthly analytics, regular EA updates, verified results at myfxbook, clients reviews at ForexPeaceArmy, costs, after sales customer support, ease of use, EA settings and broker’s requirements.
We were able to accurately score the numerous important characteristics of these frequently sophisticated Expert Advisors by using a proprietary scoring approach. Because of this all-encompassing process, we are able to offer traders an unbiased and thorough assessment of the best Forex EA/Robot.
Ehren has worked for prominent Forex firms for more than ten years as a finance market analyst. He has an MBA in economics. He is highly motivated and passionate about Forex trading. Ehren has a thorough understanding of market analysis, Forex brokers, expert advisors, Forex Signals, Copy trading and online trading courses which he enjoys sharing with fellow Forex traders.
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