Following my selection criteria listed below, I have tested and reviewed at least 14 forex trading robots/expert advisors.
1. Complete Automation – Software runs on autopilot
2. Profitability Records – Proven to give good returns
3. Successful Backtesting Results
4. Forward Live Trading Results
5. Safeguard Features – For better money management
6. Drawdown Below 15% – Sound strategy with low risk
7. Money Back Guarantee – Zero risk to users
Among all the expert advisers I have experienced, 3 made it to the top as arguably the best forex trading robots created thus far. Read about them and how they compare below.
FAP Turbo deserves to be rated the No.1 automated forex trading robot. This is the only software product that shows you their live trading report which is updated every 15 minutes. Go and have a look at you will understand what I mean. No other software vendor has been daring enough to do this which further instills user confidence.
This automated expert advisor has been setting new records worldwide with more than 18,000 traders currently in its clientele.
Backtestings Results From 1999 – 2008
9645 Total Trades
95.9% Winning Trades (9250 Profitable Trades)
5000% Net Profit
0.35% Drawdown
There are 2 trading strategies built into FAP Turbo:
1. Short Term Scalping Strategy
2. Long Term Trading Strategy
Each strategy is designed for its own currency pairs and timeframe. For instance, long term strategy works only for EUR/USD M1. Short term strategy works on the M15 timeframe for EUR/GBP, EUR/CHF, USD/CAD and GBP/CHF currency pairs.
These 2 strategies can be switched on and off so make sure that you use the strategy on appropriate currency pairs and timeframes. These details are readily available and clearly explained in the guide and video tutorials of the FAP Turbo package. So be sure to read them.
Both the short and long term strategies of FAP Turbo are tested and found to be more profitable than average expert advisors. In fact, we realized that the profits from the long term trading strategy work out to be more than what other competitor software can achieve. In fact, I used this on a real $3000 account and it profited $2617 within 21 days. The pre-determined fixed stop loss and take profit filters are also better in terms of maximizing profits while limiting losses.
Forex Autopilot aka FAP is an expert advisor which is capable of trading the forex market 24/7. Created by Markus Leary and his team of expert forex traders, this forex trading software is built based on their remarkably successful trading strategies, mathematical algorithms and sophisticated programming.
Similar to most expert advisors, it taps on the technical indicators functionality of the MetaTrader4 platform. Whether it is moving averages, strength or resistance indexes, the 20 over indicators (including Alligator, Fractals, DeMarker) used by Forex Autopilot FAP surpass most popular indicators like MovingAverage (MA), Stohastic, Average Directional Movement Index (ADX). If you wish, you can even configure it based on the Ultra-Trend indicators.
You will realize that similar to FAP Turbo, it is built for maximum profitability with the EUR/USD M1 currency pair-timeframe. That said, FAP can be used on any currency pair for stirring results.
In terms of backtesting results from 1999 – 2008, it is on par with FAP Turbo with a 96% winning record.
In fact, FAP Turbo was developed from the Forex Autopilot engine with new features to ensure greater profitability and better safeguards for stop loss which explains why Forex Autopilot is in the No.2 place.
If you purchase the Forex Autopilot today, you are entitled to a 75% discount off $399.50 (original retail price). That means it is $99.50 for now.
Click here to go to the Forex Autopilot discount page.
While Forex Boomerang is quite new, I am quite impressed with what it has to offer.
First, let’s look at some of the features:
1. Fast Set-up – The entire setup took no longer than 10 minutes.
2. Complete Automation – It really takes the hassle off your monitoring. You do not need to watch your trades at all.
3. Free Demo Accounts – You can test drive the system until you are fully comfortable with trading live.
4. MetaTrader 4 Compatibility – Forex Boomerang works on the MetaTrader 4 platform.
5. Win/Loss Ratio at 85%
However, since it is still relatively new and its system is not as robust as that of both FAP Turbo and Forex Autopilot, it is ranked No.3.
The software comes complete with a 60 day money-back guarantee and free upgrades for 2 years. There is a time-limited discount of 70% at the moment, so instead of $249.97, you can download it for $97 today. Download Forex Boomerang today.
While FAP Turbo is priced higher (currently at $149 before the next price increase) than both Forex Autopilot and Forex Boomerang, trades using FAP Turbo have been more profitable for me, my friends and other users. It is also more sophisticated in terms of features with a higher protection against losses (a feature which is often weak in many expert advisors) and advanced algorithm for greater profitability. With a 60 day 100% money-back guarantee, there is nothing to lose.
