BEST FOREX ROBOT 2019
BEST FOREX EA │ TOP 3 EXPERT ADVISORS

Do you have the right Forex trading strategy in place? Or enough time to analyze the market? Or control over your greed and fear? Are you thinking about Automated trading with the best Forex Robot 2019?

NO. 1  ROBOT

Performance

Support

Reputation

V. Good

V. Good

V. Good

98

AAA

Why choose this EA or Robot?

EA Vendor is offering 4 Licenses. You are free to use them on Demo or Live Accounts. 

They are offering Free Software updates regularly, as per changed market conditions.

You can easily customize EA features with advanced filters, trailing stop & break even.

EA uses advanced “News Filters” to monitor news, and avoids trading during low, medium and high impact news with laser-sharp accuracy.

NO. 2  ROBOT

Performance

Support

Reputation

V. Good

Good

V. Good

95

AA

Why Choose this EA or Robot?

What’s better than getting 9 proven trading strategies for the price of one.

You can Activate EA on Unlimited Live Accounts.

Friendly Live Chat Support (24/5)

Have you heard of “Reinsurance Positions”? They make use of it without increasing the lots. They also use cutting-edge news filter and technical analysis indicators. 

NO. 3  ROBOT

Performance

Support

Reputation

Good

Good

V. Good

91

AA

Why choose this EA or Robot?

4 Licenses for the price of one.

Operates with NFA Regulated Brokers.

They developed a state-of-art “Broker Spy Module”, to protect traders from high spread, negative slippage and execution delays.  

EA strategy consists of low-risk accumulation of minor, still incredibly likely profits, while following short and medium term trends.

NO. 2  ROBOT

95

Performance

Support

Reputation

V. Good

Good

V. Good

95

AA

Why choose this EA or Robot?

What’s better than getting 9 proven trading strategies for the price of one.

You can Activate EA on Unlimited Live Accounts.

Friendly Live Chat Support (24/5)

Have you heard of “Reinsurance Positions”? They use it without increasing the lots. They also use cutting-edge news filter and indicators for technical analysis.

NO. 2  ROBOT

NO. 1  ROBOT

98

Performance

Support

Reputation

V. Good

V. Good

V. Good

98

AAA

Why Choose this EA or Robot?

They offer 4 Licenses. You are free to use them on Demo or Live Accounts. 

They regularly offer Free software updates, based on changed market conditions.

With advanced filters you can easily customize EA features, trailing stop & break even.

EA uses state-of-the-art “News filters” which avoid trading during news events with laser-sharp accuracy.

NO. 1  ROBOT

NO. 3  ROBOT

91

Performance

Support

Reputation

Good

Good

V. Good

91

AA

Why choose this EA or Robot?

4 Licenses for price of one.

Works perfectly with NFA Regulated Brokers.

They developed a state-of-art “Broker Spy Module”, to protect traders from high spread, negative slippage, and delays in execution.  

EA strategy consists of small, still incredibly likely, low risk accumulation of profits while following short and medium-term trends.

NO. 3 ROBOT

New to Robot Trading?

Never used Robot for Forex trading before? Start here, whether you’re a complete beginner, or a veteran trader. Our guide covers all topics!

Forex Robot/EA (Expert Advisor) Guide

What is a Forex Robot or Forex EA (Expert Advisor)?

Manual Forex trading is a full-time job, and need a lot of patience and knowledge. Psychological factors like greed and fear plays a vital role in success or failure of a trader. 

All investors don’t have enough time, patience and knowledge to correctly analyse the Forex Market. 

Also, 95% of Forex traders don’t have control over their greed and fear, and they used to make unhealthy call during critical time, which negatively affects their accounts. 

But, in today’s computing (AI) era, such shortcomings of Manual trading can easily be resolved by using “Fully Automated” Trading System.

Automatic Trading Systems, also known as “Forex Robot” or “Forex EA” or “Expert Advisor”, are “100% Automated” trading software, that uses Algorithmic Programs and Mathematical Formulas to make lightning fast financial decisions and transactions, that are impossible for human traders.

Expert Advisors (EA’s) are programs within the trading platform that are developed in MetaQuotes Language 4 (MQL4), and used for automation of analytical and trading processes.

The best Forex Robot trades 100% Automatically, 24*5, without any human intervention and without any rest. 

Research shows that traders who use a combination of Robot & Manual trading, realize 125% higher profits than those using Manual trading exclusively.

Pros of Automated trading

1. 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.

2. Trades 24/5 You can sleep without worrying about market movements. Robot trades 24X5 without food and sleep.

3. No Profit Sharing — The interesting fact is that, unlike fund manager/investment companies, you don’t share your profit with a Robot. 

4. 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.

5. No Emotions, No Mistakes — The best Forex Robot 2019 is free from negative human emotions such as Ego, Greed & Fear, and make outstanding decisions based on pre-tested strategy and algorithm.

6. 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 Automated trading

1. Mechanical Failures — Robot trades 24*5, and it requires uninterrupted internet connection for 24*5 to execute all the trades it programmed to take. The good news is that plenty of VPS (Virtual Private Server) providers guarantees 99.9% up-time. Check here No. 1 Forex VPS Service Provider.

2. Vulnerable to High Volatility — In 2019, most Robots works best on trending market, however they are vulnerable to sudden reading and deciphering extreme fundamental data, like economic and political events.

How to start trading with a Forex EA in 2019?

1. MT4 Installation — Open a trading account with the best Forex Broker and install MT4 platform at your computer or at VPS (Virtual Private Server). Some Brokers even offers Free VPS with pre-installed MT4.

2. Robot/EA Installation — Then purchase the best Forex Robot 2019 or best Forex EA license. Download EA through EA vendor’s website and install it on MT4 platform. They will give you a manual on how to install an EA on MT4 trading platform.

3. EA Activation — In last step you need to activate the best Forex EA for Auto trading. EA vendor will provide you an activation code which you need to enter in MT4 platform. Upon completion of EA activation, it will trade on its own without any human intervention.

9 Tips to Enhance Performance of Forex Robot in 2019

If you think you’ll start earning profit the next day just by finding the best Forex Robot 2019 or the best Forex EA, then hold your horses!!!

If you don’t know how to drive a car, just the best car can’t win a race for you. 

After years of Robot trading experience, we came up with below 9 Tips. All 9 Tips are indeed important, do not miss out any single Tip. 

1. Best Trading Conditions & Execution Quality : If the spread of your Broker get unreasonably widened during news hours or during market open and close hours, then even the best Forex Robot 2019 will not be able to make profit in such trading environment.

To get the best result from the best Forex Robot 2019, you must need a true ECN/STP Broker on your side offering spread < 0.5 Pips, order execution time < 500 ms, Slippage < 15 Pips and No requotes.

2. Best VPS (Virtual Private Server) : Check VPS latency, it should not exceed 20 ms.

Without VPS don’t even think about trading with a Robot. 

Robot trading without a VPS is the same as shooting your foot.

VPS is backbone of Automated Trading. Robot trades 24*5 and it requires 24*5 uninterrupted power supply, internet connection and low latency, which can only be provided by a VPS.

Not only does it increase the likelihood of profit-making opportunities, it also helps to save huge losses. You can subscribe to a good VPS for $25 to $40 monthly fee.

3. Daily Check VPS : Even though VPS providers gives 99.9% uptime, but still to be on safer side check your VPS on daily basis. Login to your VPS on daily basis and check whether MT4 is working properly, also check whether Robot is enabled on selected currency charts.

4. Track Major News : Daily keep track on Major News events. Follow EA vendor’s instructions about EA trading during news hours. You can follow Economic Calendar for high, medium and low impact news.

Some Robot/EA programmers instructs their Robot/EA to be disabled one hour before major news hours and to reactivate them one hour after major news.

5. Read EA Manual : Every single word written in EA manual is important. Don’t be lazy when reading EA manual. EA developers used to explain many secret EA settings in their manual.

6. Demo Tracking : Activate the best Forex EA on both Demo & Live Trading Accounts.

If you start noticing losses continuously for 3–4 days, disable your EA in LIVE account but continue to track it in DEMO Account.

Once you notice that Robot has again started making profit on the demo account, activate it back in Live Account.

7. Limit No. of Robots : Do not cloud your MT4 platform with multiple Robots that can not add value to your trading.

The best practice is to activate only one Robot on one MT4 platform, and only on 5 to 6 Charts.

8. Check Version of Robot : Trend changes in the Forex Market every 4 to 6 months. And according to changed market conditions, EA programmers fine-tune their Robots for consistent results throughout the year.

Make sure you’re trading with latest updated version of the best Forex Robot 2019 or the best Forex EA.

9. Pirated Copy of Robot : Do not trade with pirated copy of any popular Forex Robot or Expert Advisors.

Scam programmers usually crack original Robot code and sell it at lower price.

However, such pirated copy of Robots are several years old, and they are not updated and fine-tuned according to current market conditions.

A simple step-by-step instructions to Install, Activate and Shutdown an EA (Expert Advisor) on MT4

Usually beginner Forex traders are not so familiar with MT4 interface and EA files (.ex4 files), and it’s difficult for them to install and activate the best Forex EA on MT4 without any errors. 

They even sometimes end up paying heavy amounts to some third-party service provider, just to install and activate their Robot on MT4. 

Robot’s installation and activation is very simple process. And, we hope you’ll find these 4 steps of Robot installation, activation, and shutdown very simple:

Step 1 :     Download Robot file from Vendor. 

Step 2 :     Install Robot on MT4 or MT5 platform.

Step 3 :     Set Up & Activate Robot on Currency Charts.

Step 4 :     Shutdown/deactivate Robot.

Step 1 : Download EA file (.ex4 file) from Vendor

  1. First you need purchase a Robot license from it’s vendor. Explore above best Forex Robot 2019.
  2. Then follow Robot vendor’s instructions on how to download Robot file from their website to your desktop computer. You can not download, install and activate EA on MT4 via mobile phone.
  3. The downloaded file will be either a .ex4 file or .mql file (for exa —  See the picture below. Save this file on your desktop computer.
Buy and download the best forex Robot in 2019
Step 1 : Download and save .ex4 file of Forex EA in desktop computer

Just for creating this guide we are using a Free Forex EA called “Blessing”. Therefore, use of a free “Blessing” EA here is for informational purpose only. We do not recommend buying or trading with it.

Step 2 : Installation of EA file (.ex4 file) on MT4

In Step 2, you need to copy EA file (.ex4 file) of the best Forex Robot 2019 from your computer and paste it to the MT4 trading platform in — File > Open Data Folder > MQL4 > Experts (paste the .ex4 file in this folder). The following pics show these steps (Step 2 — a, b, c, d). 

Step 1 of Forex Robot installation in MT4
Step 2 (a) : Forex EA installation in MT4 (.ex4 file)
Step 2 of Robot installation in MT4
Step 2 (b) : Forex EA installation in MT4 (.ex4 file)
Step 3 of EA installation in MT4
Step 2 (c) : Paste your EA File (.ex4 file) in "Experts" Folder in MT4 Platform
Save .ex4 file of Robot in Experts Folder
Step 2 (d) : Saved EA file (.ex4) file in "Experts" folder of MT4 Platform

In last step of Robot installation, you just need to close and reopen your MT4 trading Platform.

Click on “X” sign in the top right corner of MT4 to close MT4. To reopen it, simply click on MT4 shortcut on your desktop.

After reopening MT4, you will find your EA in MT4’s “Navigator” window (in left-hand side column) > Expert Advisors.

EA Installation completed
Step 2 (e) : Forex EA Installation Completed

Up to here our Robot/EA installation process is complete

Next step is to Set-up and Activate Robot for Auto trading on MT4 trading platform.

Step 3 : EA Activation on Currency Charts

Before you start using Robot for Auto trading on currency chart, you must first Set them up and Activate them. 

1)  In MT4 platform, click on Tools > Options (as shown in the picture below) or by pressing shortcut key — Ctrl+O.

Step 1 of best Forex Robot Set-up
Step 3 (a) - Forex EA Set-up in MT4

2) In Options window, click the “Expert Advisors” tab, then tick the two boxes, i.e. “Allow Automated Trading” and “Allow DLL imports”, as shown in the picture below and then click on “OK” button.

Make sure you turn the “AutoTrading” button to Green Color. 

Step 2 of EA set-up
Step 3 (b) - Forex EA set-up in MT4

3) In third step, we will activate the best Forex Robot 2019 on Currency Charts.  

The “Drag and Drop” technique allows the Robot to be imposed on any currency charts. 

Now, drag and drop Robot from the “Navigator” window of MT4 trading platform to desired currency chart as shown in the picture below — Step 3 (c). Forex Robot window will pop-up on chart.

If you want to trade with default EA setting, simply click on “Ok” button and your EA will get activated on currency chart.

If you want to trade EA with your custom setting, click the “Inputs” tab and you can change the setting of EA per your strategy or per EA Vendor’s instructions.

Activation of EA on Currency Charts
Step 3 (c) - Forex EA Activation on Currency Charts

#NOTE: 

  1.  Ensure that the “AutoTrading” button, as shown in the picture 3 (b) is “ENABLED” i.e. in Green Color.
  2. After EA activation, check if you get “Smiley” face on top right corner of currency chart as shown in the picture below. If face is “Sad”, it means activation of EA has some problem. For troubleshooting, please refer to your EA Manual or contact your EA vendor.
  3. Only ONE Forex EA can be attached to a currency chart. If another Forex EA is imposed on the same currency chart, it will remove the previous one from the chart.
The Best Forex Robot Activation Completed
Once Smiley face is visible on chart, Forex EA Activation in MT4 is completed

After activating Forex Robot, it will start executing trades automatically as per the program as soon as a new tick receives.  

Forex Robot is activated if you can see its “Name” and a “Smiley” in the top right corner of the chart (as shown in the picture above).

It is not necessary that Forex EA will start opening positions immediately after activation on currency chart. Sometime, EA takes hours and even days to open first position. So, don’t worry about it.

But, if you notice that Forex EA has not opened any position for more than a week, then contact your EA developer and try to find out why.

Step 4 : Steps to Shutdown/deactivate an EA

EA must be removed from the chart to be shut down. EA must have been deactivated before it is shutdown or removed from the chart.

And, to deactivate an EA, you must click on the on “AutoTrading” button. Button is going to turn green into red. 

For removing an EA from the chart, you have to execute the rChat Context Menu (right-click on EA name or Smiley face at top right corner of chart) > Expert Advisors > Remove.

# ATTENTION:
  1. If MT4/MT5 trading platform shutdown, all EAs (Expert Advisors) also shutdown.
  2. When the currency chart closes, the EA attached to this chart will also be shutdown. 
  3. When another EA is imposed on the same chart, the previous one will be removed after confirmation.
  4. Deletion of the EA from the “Navigator Window” does not shut down the EA of the same name imposed in the chart.
  5. Disabling of EA in the “Client terminal settings” does not provide complete disabling of EA. 

That’s all about how to download, install, activate and shut down of a Forex Robot or Forex EA on MT4 trading platform.

If you enjoyed this post, and it helped you in finding the best Forex Robot 2019 or best Forex EA or best Expert Advisor for MT4 in 2019, we’d be very grateful if you’d help to spread it by emailing this link — https://www.dojiforex.com/best-forex-robot-ea-expert-advisors/ to your friends or fellow Forex traders, or sharing it on Twitter or Facebook to create awareness about freedom, ease, flexibility, and earning opportunities with Forex Robots. Thank you!

Happy trading tradestie!!

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