The world of foreign exchange is growing rapidly, yet many people often complain about losses and the inability to entirely grasp the ropes of Forex. This is because it can take over a lifetime to learn all the in and outs of Forex trading. But fortunately there exists something that has been making more traders successful irrespective of their level and that is Expert Advisors or EA.

Expert Advisors are software that allows you to automatically initiate and execute trades in accordance with programmed instructions and informs you about the window frames ideal for profitable trades. Does that sound extremely ideal? Then the following article consists of a quality FX EA list that will help you choose one that is best suited for you.

FX EA list for traders of all levels

1. BFS Trident Robot

  •       Class: Middle term
  •       Type: Trend
  •       Deposit: 1000$
  •       Leverage: 500
  •       Timeframe: M5

BFS Trident Robot is one of the first Forex trading Expert Advisor based on Makeshift Analysis or MSA. Its developer is an international software developing company called Best Forex Soft. The profit factor of the EA is 1.42 and has been effective for over 10 years of market activity. BFS Trident Robot offers trading tools, free valuable indicators, and other materials.

2. FXMaximal

  •       Class: Short term
  •       Type: Trend
  •       Deposit: 100 $
  •       Leverage: 100
  •       Timeframe: M15

The FXMaximal is a very profitable and reliable Forex robot that offers major cons for a lifetime with just a little bit of investment. The system in FXMaximal is highly refined and offers sustainability of a high level. This makes it a safe and efficient Expert Advisor. This EA allows traders to create their own strategies and indicators.

3. Signal Steps

  •       Class: Short term
  •       Type: Trend
  •       Deposit: 1000 $
  •       Leverage: 100
  •       Timeframes: M15, H1

Signal Steps was developed by Lance Hunter. He created this EA with an aim to build a system that grows traders’ accounts exponentially applying a simple rubber band strategy. It is specifically designed to benefit novice, intermediate and expert traders.

4. Aeron Scalper

  •       Class: Short term
  •       Type: Scalping
  •       Deposit: 500 $
  •       Leverage: 50
  •       Timeframe: M1

Aeron Scalper is a great and reliable automated Forex Expert Advisor for all levels of traders. In order to use it all you have to do is set it up in your MT4 terminal. The strategy incorporated by this EA is bid-ask spread and allows traders to create their own indicators.

5. Channel Trader PRO

  •       Class: Short and long term
  •       Type: Scalping
  •       Deposit: 200 $
  •       Leverage: 100
  •       Timeframe: Any

Channel Trader Pro EA is a fully automated trading system. It is able to help traders in trading unique currency crosses as well as the majors. This EA runs on the basis of volatility indicator which runs with two assorted periods. The EA also has no restrictions on the trading session and opens trades whenever the conditions are favourable at any time.

6. Master Scalper

  •       Class: Short Term
  •       Type: Scalping
  •       Deposit: 1000 $
  •       Leverage: 100
  •       Timeframe: M5

You can already tell by the name that it operates on the scalping method of trading. Master Scalper is a fully automatic commercial Expert Advisor that only requires initial installations. It is capable of trading five currency pairs all at the same time as well. The EA is praised for its beneficial additions such as news filters, VIX volatility filters, and money management.

7. Pivot Trader PRO

  •       Class: Middle term
  •       Type: Scalping
  •       Deposit: 5000 $
  •       Leverage: 400
  •       Timeframe: Any

Pivot Trader Pro EA is a completely automated currency trading software that can trade 6 major currency crosses. The strategy that this EA uses is based on a unique calculation of pivot levels so that there is profit from reversals. It is widely famous for its Unique Triple Trade Verification which exists for the validation of trades and is compatible with all Forex brokers.

8. Smooth MSA-Cross

  •       Class: Middle term
  •       Type: Trend
  •       Deposit: 500 $
  •       Leverage: 100
  •       Timeframe: Starting from M1 to higher

The Smooth SMA-Cross Expert Advisor is one of the many FXCM developed trading systems that operate only on the MetaTrader 4 platform. This EA is highly reliable and makes huge profits and is able to trade many currency pairs. It features risk limit and stop-loss in order to prevent the deposit from becoming zero. The Smooth SMA-Cross Expert Advisor yields 14.78% per annum whiles its maximum drawdown stands at 14.78% per annum.

9. BumbleBeeFX

  •       Class: Short and medium-term
  •       Type: Trend
  •       Deposit: 1000 $
  •       Leverage: 400
  •       Timeframe: Any

BumbleBeeFX is developed as an advanced and highly intelligent automated trading system. It operates on an algorithm that is self-updating to current marketing conditions. One of the most appreciated features of BumbleBeeFX is that it has a unique protection system from price reversal moments, high spreads, and slippages. It is easy with most Forex brokers and operates on a breakout strategy.

10. Smart Forex Trading

  •       Class: Short and middle term
  •       Type: Trend
  •       Deposit: 100 $
  •       Leverage: 100
  •       Timeframe: M30

Smart Forex Trading EA has made its name because of the results it offers just within a month. When compared to other Expert Advisors it is able to produce the same or even better results but at a much faster pace for the same amount of investment. Traders seem to appreciate the prompt support this EA provides as well. It supports trading of EURUSD and GBPUSD currency pair and has a yield of 28.36% per annum.

Make sure you do a little bit of research before committing to any FX EA. Researching will help you understand which Expert Advisor suits your needs best and soon you will avail the benefits and notice growth in profits.

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