Free 7 Day Trial
Optional 30 Day Test for $49 ( Deducted from Purchase Price)
90 Day Guarantee - No Questions Asked
Very Low Risk - 2 Pip Stoploss
High Reward - Up to 25 Pips per Trade
Free Agent Installation if Required
Packed with Features ( Too Many to List )
Self-Optimizing Artificial Intellegence
Special Scalping Broker Account
What is Forex Scalping?
Forex Scalping involves executing trades in quick succession in order to get a lot of small profits from the currency market. As leverage is used to get the most out of fluctuations in the forex market, scalping is a way to make a lot of money with small movements in the market. Forex Scalping generally is better executed by a forex robot as humans are just too slow to take advantage of these small movement.
Why Forex Scalping is such a good Strategy
When you use forex scalping as your strategy you can use a very strict risk management strategy. As you are targeting a small amount of pips you can also set your stoploss very low and therefore risk very little of your equity. Although we are obviously biased we beleave that forex scalping is the best strategy for the currency market especially when programmed into forex robots.
You claim this is the best forex robot, got any proof?
We claim and truly believe that this is the best forex robot available to retail traders. I have personally lost a lot of money with forex robots and that’s precisely why I started developing my own. I trade ALL my live accounts with FSR and have not found anything to be close when it comes to consistency or profitability.
What makes FSR the Best Forex Robot?
Well simply put, it works ! This is more than 98% of all forex products on the market. Secondly, it is self-adaptive. I know many robots claim to have this built in but that is simply not true. FSR has many great features that update themselves by analysing the results running on various different accounts with different settings. This means that FSR works in all market conditions and this makes it the best forex robot available to retail forex traders.
We have done it! We have created the best forex scalping robot by using smart exit technology. This has only ever been available on one forex scalping ea before. So how did we come up with the system. To be hones it was mostly through trial and error. Over the last 3 years we have been testing variations of our robot. Some more successful than others but in the end we came up with the goods.
The building of our forex scalping EA
So when we came up with the original philosophy for our forex scalping robot we decided that we had to create something special which gives us high reward on very low risk. The only way to perfect this was by going the scalping route. A scalper allows you to trade high volumes at low risk with an infinite upside.
Challenges facing a forex scalping robot
The first issue and the biggest is slippage. Slippage makes it very difficult to scalp and it is not easy to pick up. The only way to avoid this is by getting a good honest broker with great trading conditions. We were able to find this in TradeView Forex and that solved half our problem.
The second issue is that when using a forex scalping ea in currency trading you need to give it enough room to trade to the upside while still requiring to lock in profits pretty quickly. Finding this balance was the key to the success for Forex Scalping Robot v3.0. We have found an intellegent way to trail the profit while still giving enough space for free movement.
How do you know FSR 3.0 is the “Real Deal”?
You are welcome to download a free copy of Forex Scalping Robot v3.0 and test is against other forex scalping eas. We will guide you through the setup process and even do a remote installation if necessary. Get FSR 3.0 today, you will not be dissapointed! Your only true forex scalping robot will destroy all other forex scalping eas. Here for proof : https://www.myfxbook.com/portfolio/forex-scalping-robot-30/1784233
The best forex robot. Period.
So we are officially launching forex scalping robot 8.0 in February 2017. I still believe that forex scalping is nearly impossible in the long run when trading currencies manually. Automated forex scalping is the only way to scalp and the only way to trade for that matter. We have tested various forex trading strategies over the last 5 years and it has always proven to be scalpers who came out tops.
Forex Scalping Robot 8.0 – What is new?
We saw quite a volatile year last year. This can be seen when backtesting Forex Scalping Robot 3.0. Great start to the year and then, just to bring us back to earth, a miserable last quarter. Yes, we ended up in profit but that’s not what we are striving for. We want a consistent robot which has an amazing equity curve and we will achieve it. Although we are not after a massive amount of pips, we like to maximise the pip value and that is really where our profit comes from. We have had to make several changes to our forex scalping robot, so much so that we have jumped from ver 3.0 to ver 8.0 in a matter of 3 months. Here the new goodies :
Hunting Profit : The opposite of a Trailing Stop
Accelerated Trailing Stop : Tick Trailing with the option of acceleration beyond x pips.
Reverse Trades : Takes advantage of the pullback after a spike.
Market Recognition : Recognizes different market conditions and applies different parameter inputs.
The major issue with the artificial intelligence (market recognition) is that it limits backtesting capability which is a must for many prospective clients. We will add this feature in ver 9.0 which will probably be released around June this year. We cannot wait for you to join our community of successful forex scalpers !
Download FSR today and start testing !
Well to determine the best forex robot 2017 we would have to get a bit further into the year than this, it only being January 2017 at the time of this post. What we can do is tell you what Forex Scalping Robot has for release in 2017. We went through a turbulent year when it comes to scalping in 2016, the first half was absolute magic with some of the best results I have ever seen. In the first 6 months we netted 421% on one of our more aggressive smaller accounts. That is insane ! The market brought us back to earth as it so often does with break even over the last four months of 2016. Still a great year in all. What the last part of 2016 allowed us to do is improve our forex robot even further by analysing the change in market conditions we were able to come up with a new piece of Artificial Intelligence which will allow us to take advantage of those market conditions should they occur again.
What is new in FSR for 2017 ?
As you should never really tinker with a winning recipe, we have only added a few small improvements:
- Accelerated Trailing Stop – This allows our forex robot to trail per tick and also accelerate should there be a spike while in trade mode. This works wonderfully well already, we will add a few updates during the year to optimize this new setting.
- Hunting Take Profit – If you are in X amount of profit the Take Profit will start moving towards the market price. This allows “trailing”from both a SL and TP perspective. We have been able to squeeze out a few extra pips using this method.
- Condition Sensor – We have identified 3 main market conditions in which the current market moves and cycles. Our sensor is able to identify the current market condition and use optimized settings for each. This is the piece of AI we have added, had we used this from the beginning of 2016 our equity curve would have been a lot better towards the latter part of the year.
Best forex broker for scalping 2017
To get the most out of the best forex robot 2017 you will have to use the right broker. Not enough stress can be placed on the importance of the broker. It is the difference between success and failure. In our development we tested over 50 metatrader 4 brokers and the best broker for scalping is TradeView Forex by a long shot. They have representatives in most countries, their spreads are amazing and most important of all is that scalping works with them. So to get the best forex robot 2017 to work, pair it with the best scalping broker.
Would you like to test the best forex robot 2017 for free?
Ok, so I know how dodgy the forex robot market is and I also know that everyone claims that their robot is the best, so how can I prove we are the real deal without you risking paying me first? We have put together a deal for scepic clients ( as we hope all our clients are ). We will provide you with the latest version of Forex Scalping Robot for free for 3 months. If you have made enough money to buy FSR after the 3 months you purchase it with the profits you have made. If not, you simply stop using it ( which you won’t 🙂 ) There are of course certain conditions for this deal, as we take the risk, we need the following :
- Only valid for Tradeview Forex through a special account we have negotiated.
- Min deposit $1000
- You can stop at any time.
- You need a VPS – we can provide a list of suppliers.
The account will be in your name and we will have no access to your money or records. The forex robot license will automatically expire after 3 months, if you want to continue using it after this ( which you will ) you have to purchase the robot from us.
Current user base
We currently service 437 clients ( paid and 3 month testing ) and try our best to provide the best service in the industry. If you require help with setup we can assist you remotely. If you have any questions you can connect to our Skype Page for a chat.
Don’t delay this, get the best forex robot 2017 for free today.
Best wishes for 2017 – Mark Zen
Is forex scalping illegal? This is a question I get asked very often. You would often find brokers that say you cannot use scalping as your trading strategy on certain accounts. You also find some brokers that use this as an excuse not to pay you out when you request a withdrawal. Scalping in itself is not illegal, there are types of scalping not permitted at all and different forex brokers do have different policies on scalping. Make sure with your broker before opening a live account.
Forex Scalping Illegal Practices
When I say illegal in this sense I use the term quite loosely. There are some scalping strategies that are frowned upon and take a shape similar to card counting in casinos. There are 2 strategies which most brokers will not tolerate.
- Arbitrage – this is a method whereby a trader ( known as an arbitrageur ) compares pricing mismatches from 2 or more brokers and takes advantage of this. In most cases the price mismatch would happen due to a delay in the data feed of one of the brokers. If the broker can prove that you are using this method then they will not pay your profits. To find out more about arbitrage and to see how it works : http://www.forexbrokerz.com/forex-arbitrage this method, according to many brokers, makes forex scalping illegal.
- Churning – this method is used by introducing brokers (people who introduce clients to a forex broker and get paid for every trade that the client enters). Churning is entering into hundreds of trades every minute to get the maximum commission out of a forex broker. The goal is never to grow the actual trading account but rather to make commission which is higher than the original trading deposit thus resulting in a net profit. Using this method also makes forex scalping illegal according to brokers.
So is forex scalping illegal ? The answer is NO , there are methods which incorporate scalping which are not allowed by forex brokers but this does not make scalping illegal. Before opening a live account with a forex broker ask them whether or not scalping is allowed, most brokers nowadays do allow forex scalping.
So what exactly is a forex robot ? A forex robot, also known as an expert advisor or EA, is software that either fully or partly automates trading on the currency market. The type of software depends on the trading application that is used. The most popular platform to use with forex robots is the Metatrader 4 platform from Metaquotes. If you have basic coding knowledge it is actually very simple to write your own trading robot. The key of course is understanding how the forex market works and how the platform integrates with the market.
How do I get my own forex robot ?
Firs of all you need to come up with a trading strategy i.e. A set of rules that determine when you will buy and when you will sell. If you have a strategy it can be automated through coding thus producing a forex robot. You may think that this is only true for people who can code, luckily this is not the case and that is because there are hundreds of great coders that specialize in coding robots and their fees are often very reasonable. If you would like to go this route or just find out more I would recommend going to https://www.xpworx.com this is a company with vast experience and very reasonable pricing.
Are forex robots risky ?
You may have heard people saying forex robots are risky, the fact is that it depends on the robot. 94% of all hedge fund trading is done through the use of robots / EAs. If they were not effective why would the “big boys”use them? The second point is that any trading strategy that can be manually traded can be automated and this means that if there are successful traders out there, there has to be successful robots. Having said that, if you do not understand the way a robot works you should never trade it on a live account. Take your time to test the robot and find out how the risk management system in the expert advisor works. The risk management system determines how much of your capital is at risk for every single trade. So to answer the question “Are forex robots risky? ” – They can be risky if you use the wrong ones and do not understand the settings.
Are there any commercial forex robots that work ?
The vast majority of commercial forex robots that cost between $49 – $249 are absolute rubbish. There are a few exceptions like our own Forex Scalping Robot, but it is difficult to determine which are good and which not as they all look pretty much the same at face value. Here are a few pointers when looking at buying a forex robot :
- Make sure there is a free trial – If it works why would there be no free trial ?
- Test it on both a demo and live account and compare the results.
- Your broker is key, do some research and choose the correct metatrader 4 broker.
- Make sure that there is a warranty ( at least 60 days )
- Do not trust “verified” results, these can always be manipulated.
Forex Robot – Top 5 List
Well remember that we sell our own forex robot and will be totally biased here, our robot is the best regardless of it being us saying so but if you want to test or compare it with the others on the list to make sure we invite you to do so.
- Forex Scalping Robot – www.forexscalpingrobot.com
- Everex FX – www.everexfx.com
- Algotrade Soft – https://www.mql5.com/en/market/product/12893
- Wallstreet Forex – http://wallstreet-forex.com
- Best Scalper – http://www.bestscalper.com
These are all great forex robots and should be in any trader’s toolbox. It is very important to use conservative settings when using different expert advisors on the same account. If you run more than one forex robot on your mt4 account they should be differentiated by identification codes known as magic numbers. This allows the EAs to function independently on the same account without interfering with one another.
The best way to truly test these automated systems is to open a small trading account of between $200 – $500 and then testing all the robots at the same time. The key is to use a small lot size, preferably 0.01 lots per trade. Do your testing for at least 2 months to determine which of these strategies combined work the best. You may find that one forex robot out trades all the others by a large margin, you can keep that robot and use it exclusively for all trades.
The ideal scenario however is to find different forex robots which compliment each other. This allows you to spread the risk over different strategies which should in theory give you a smoother equity curve with lower draw down. The absolute largest factor is patience, have patience when testing a forex robot as it may seem really good over 5 trades but is terrible over the long run and conversely the expert advisor may seem terrible over 5 trades but is fantastic in the long run. Be patient while researching and testing and you are bound to find the best forex robot.
Auto trading was introduced pretty early on in the forex market especially with the MetaTrader 4 platform. We have seen many auto trading applications developed over the last 10 years or so the biggest of which : Mirror Trader , Zulu Trade , MyFxbook and more recently the MQL5 community. These were all developed because traders noticed that 1. It is difficult to trade 2. Automated systems are more accurate than humans 3. You cannot sit in front of your screen and watch the market all day.
Auto Trading Statistics
It is estimated that over 75% of all traders use some sort of auto trading system, this includes expert advisors and copy trade services as the ones shown above. Further 93% of successful traders use automated trading tools. There is a common misconception that forex robots / ea s / expert advisors are risky. Your typical $99 forex robot is usually risky but this is because it is not a proper auto trading system. Any system that can be manually traded can be automated. The automated version will outperform the human counterpart in the majority of situations.
Copy Trading or Forex Robots ?
People are devided on this. For me it is obvious that good forex robots still have the advantage. Copy trading platforms suffer from 2 big problems which directly affect each other: Latency and Slippage. Latency is the amount of time it takes to copy the trade to your account, there is always a delay. Slippage is the difference in price where your order is opened versus the price that is opened on the account you are copying. For some strategies this is not a major issue but for the best trading strategies namely scalpers this is an absolute killer.
Scalping strategies take advantage of small quick movements in the market, therefore the timing is crucial and there cannot be any delays. the only way to successfully auto trade these strategies is by attaching an expert advisor directly to your metatrader 4 account. There is still slippage involved but with the right VPS there is limited latency. There currently is no way to get the latency on a copy trader low enough to be able to employ scalping on the auto trading platforms.
To make sure you understand the difference between auto trading platforms and forex robots I suggest you open 2 small accounts and try out each option on an account. You will quickly be able to see whether you prefer forex robots or auto trading applications.
The best forex EA s over the last 5 years have all had one thing in common, they have been scalpers. Some have been dangeous employing very risky methods such as grid and martingale strategies. Why are scalping strategies so much more popular than other strategies amongst big hitters? Well the answer is simple. 1. It is more exciting than other forms of trading. 2. It is less risky …. yes I said LESS risky, we will get back to this later. 3. It is more profitable due to high volumes. 4. It is less stressful as a trade never stays in the market for a long time which means virtually zero draw down.
How do you test for the best forex EA ?
You need to test several things when looking at an expert advisor. We will list them below for a better organized description.
- Backtesting – You need to start off by testing the expert advisor against historical data.
- Demo Testing – Once you have passed the backtest you need to run a forward test on a demo account.
- Live Testing – The best forex ea will only truly show itself on a live account, use a small account at first.
- Broker Testing – Test whether the broker has slippage, this can be done with this tool : Click to see.
- Weekly optimization – As the market changes you need to change the settings on your EA. The only way to do this properly is by back testing your strategy with tick data and optimizing it every week. If you do this the market should not “out run”you.
To find the best forex ea you will have to test tens, even hundreds perhaps but the good ones are out there, how do we know this? Just have a look at all the copy trade services. Some of those guys have insane results. They are not manually trading I can promise you that. All the real successful traders nowadays are using expert advisors and the more you test the closer you will get to discovering the best forex ea in the world.
The best forex robot ever made …. is there one holy grail? Well the answer is …. YES !, but you will never lay your hands on it as the robots that are holy grails go straight to banks and hedge funds. So lets rephrase the question: Is there a forex robot for retail traders that can actually make a difference to your life. The honest answer is that we are getting there. I remember purchasing the my first forex ea which was Forex Auto Pilot. The idea of a robot trading for you while you sleep was amazing, I bought into it and of course lost all my money. The site is still up ( to my surprise ) , here it is : http://www.forex-autopilot.com/
What is the best forex robot currently ?
Well this of course is a debatable topic, however I am going to attempt to share my opinion in a way that will show you the correct way of going about it. Before we can test what the best forex robot is we have to find the best conditions to test them on i.e. a forex broker. The broker you choose is so important that even if you have found the holy grail in an expert advisor it means absolutely nothing unless you trade with the correct broker. We have written an article on this previously : Best Forex Broker for Scalping 2016
So now we know which brokers we should use, this brings us to our next question : What is the best trading method for robots? The answer here is quite simple: Scalping is the best way to trade forex, period. Now that is quite a statement and many of you may disagree off the bat, but hang on just one second. What we want is the following : Low risk and high potential reward, you cannot disagree with this can you? Scalping is the only strategy where you can use a tiny stoploss, huge volume and virtually unlimited up side.
So by this logic, we are saying that the best forex robot currently has to be a scalper. You may agree or disagree but I’m right :). So we are looking at scalpers. This luckily dramatically reduces our options. Lets reduce the list even further by adding another very important filter, verified results on a Live Account. Now this might be more difficult than you think, yes there are tools like Myfxbook and FXBlue but the reality is that brokers themselves can create fake accounts. Why would they do this? Well, if they can prove the best forex robot works with their trading conditions most traders will simply open an account with them.
This makes it virtually impossible to verify live results, so how do we make sure they are real? It is actually not that difficult, here are the steps you take :
- Request a 7 day demo from the vendor. If the bot is as good as they say the vendor will never say no.
- Test it on a small live account (use the vendors recommended broker) for 7 days.
- Compare your results to that the vendor is claiming.
Conclusion: If the results are the same as the vendors account pip for pip that means you can believe that the rest of the verified results are indeed correct. This does not mean you have to make a profit in 7 days, your account just needs to match that of the vendor.
So what is the best forex robot?
By filtering we came up with the best 3 , you might think we are biased so we will let you test them yourselves.
These are the 3 best forex robots on the retail market at the moment, do not take my word for it, test and compare them to make sure.
Forex Scalping is a method of trading the currency market which entails entering and exiting the market at short intervals and usually taking small amounts of profits in terms of points. Forex scalpers would most often only hold trades for a few seconds or minutes at a time before closing their trades. The forex market is especially suited to scalping due to the high level of leverage employed. A trader is able to gain large amounts of profits for small movements in the currency market.
Forex scalping strategies
- Support and Resistance Scalping : This involves scalping strong support and resistance levels. As there is generally more volatility around support and resistance levels this is often a good area for small trades.
- News Scalping : As the name suggests this is a method of trading that focuses on scheduled news releases. As news releases often cause extra movement in the market it allows for some good forex scalping opportunities.
- Scalp with the trend : A trader identifies the underlying trend of the instrument they are trading. They will trade in the direction of the trend but only once the price has moved “against” the trend. e.g. When there is an up trend, i.e. the price is gradually and steadily moving up over time, and there is a short interval in the trend where the instrument value decreases, the scalper would take that opportunity to buy.
- Scalping with a Trailing Stop: A trailing stop is a stop loss which follows the price as it moves, thus locking in profits when the price has moved in your direction by a set amount of points. It is wise to use a trailing stop in most forms of forex scalping as it is often difficult to react quick enough with human reflexes especially at times of high volatility.
Key Factors for the success of Scalping
- Get a good broker ! This is the most important part, without one you never succeed. In our experience there are 2 forex brokers that are good for scalping : Tradeveiw Forex and FXCM.
- Automate as much of the process as you can. A machines reactions are much faster than ours, take advantage of the expert advisors that can be coded for metatrader 4.
- Always use a stoploss. Scalping like all trading is a numbers game, make sure that you have a safety net in the form of a stop loss. Risk management is key to long-term success.
- Never become greedy. Get a scalping plan and stick to it. Do not deviate from your rules, stay disciplined and you will be just fine.
Scalping is very exciting and can be a very low risk way of trading if done correctly. If you would like to test a scalping strategy please let us know. We would be happy to share our expertise.
We have created a list of the top 10 best forex robots 2016. Our list was comprised through various factors including drawdown, minimum deposit requirements, risk management and obviously performance. All the robots in our list have myfxbook live accounts to verufy that they actually work in real market conditions. We have reviewed the results and will name the Pros and Cons of each robot.
The Best Forex Robots 2016 are :
|Position||Best Forex Robot / EA||Mothly Return||Account Size||Max Drawdown||Max Risk per Trade||Profit Factor||Cost||Max Open Trades||Performance|
|3||SFE Price Action||6.46%||£3,436.00||17.44%||0.43%||1.23||$1800||Unlimited||Myfxbook|
|4||Vortex Trader Pro||7.92%||$66014||27.67%||9.78%||2.14||$779||2||Myfxbook|
|6||Channel Trader Pro||10.91%||$114173||28.67%||24.36%||2.12||$799||2||Myfxbook|
|9||Math FX Pro||27.66%||$3018||43.33%||Not Available||1.78||$399||Not Avalable||Myfxbook|
|10||Auto Breakout||78.68%||$37731||84.06%||Not Available||1.29||$330||Not Avalable||Myfxbook|
It is very important to note that we did this research with the assumption that the accounts on Myfxbook are real and not manipulated, we do however have to mention that some brokers are known to manipulate results one of the brokers that came up a lot when doing our research was SynergyFX. Two of the Robots here are on SynergyFX and they seem remarkably similar : Channel Trader Pro and Vortex Trader Pro. We do not have any evidence that definitively proves that these are manipulated and until we do they will remain on this list.
It was important to take the following into account when trying to identify the best forex robots 2016:
Max Drawdown : Should never be over 50%
Max Risk Per Trade : Should be as low as possible.
Max Open Trades : Should be as low as possible.
Monthly Return: Should be high but compared to Drawdown
Profit Factor : Should be as high as possible but compared with Max Risk per Trade
Obviously the cost of a forex robot is also key. The top 2 robots are very similar but the reason for FSR 3.0 being at the top is its affordability plus the fact that it has a 7 Day Free Trial.
We hope this information helps you and that you ! We really believe these are the best forex robots 2016.
So you are a little low on cash and cannot afford to buy a expensive scalping ea. You need to find a free scalping ea and all the ones you try just don’t work? Unfortunately in life things that are free often more expensive. They are either not up to standard so nobody can sell them or they are a way to sell you something else. One way or another you will end paying.
That probably doesn’t look promising as you came here to get a free robot right ? 🙂 . Well I have good news for you, I am actually willing to “loan” my robot to you for free. I will do this on the agreement that as soon as my robot has created the money that it costs you actually buy it. Here our results: https://www.myfxbook.com/portfolio/forex-scalping-robot-30/1784233
5 Conditions for using the free Scalping EA
- You have to have an account of at least $500
- Your account MUST be with one of our preferred brokers.
- It must be an ECN Account.
- You cannot use it for longer than 3 months.
- You have to buy the robot once you have profited with $249
This is an awesome deal no matter from which angle you look at it. I would not have this free scalping ea deal if I was not 100% convinced that you would actually make $249 in less than 3 Months. What do you have to lose?
What is the process that needs to be followed?
- You need to send us a mail in through our contact form. This needs to contain your skype ID, current MT4 Number, Name and Email ID. We will send your free scalping ea via skype.
- We will send you a list of brokers you can choose from. We do have 1 favourite broker : TradeView Forex but we will let you decide by yourself.
- You need to have a VPS
- Yo need to fund your account with at least $500
- We will license your EA for a max of 3 months.
Once this period is over we believe you will have enough faith to actually buy the robot. What will we do if you take the money and run? Well we cannot do anything but ban you from ever using our bot again.
Get your free scalping ea today! It’s an unbelievable deal and we will NOT keep it going forever.
To start a successful scalping journey you first have to find the best forex broker for scalping. The success of scalping is highly sensitive to the trading conditions provided by the broker. It is critical that you have low slippage, fast execution and low spreads. It is easy for brokers to give low spreads and then manipulate execution ann slippage as this is hidden from the view of most traders. On the other side of the coin you should also beware of brokers who offer execution that is ‘too good to be true’ as this will come to haunt you later.
So to make it easy we decided to do some tests and publish the results on our website. We started with a large pool of metatrader 4 brokers and quickly eliminated the bulk because of extreme execution or slippage issues. We will not mention the losers here but we will have a look at the brokers who made it through to the top 5.
From all the brokers TradeView Forex came out tops with their Innovative Liquidity Connector account. The average slippage across our trades was 0.2 Pips per Trade which is fantastic. Their average spread on EURUSD is 0.3 pips. The Ping time 7ms. Execution time < 50ms.Comm $2.50 RT These are the best conditions we could find among all the brokers. Remember these tests were all run on live accounts. So in our view they are the best forex broker for scalping.
I had not heard of GBE Brokers before we conducted these tests but I was pleasantly surprised. GBE had excellent conditions as well but there were some spikes in slippage and execution which lead to lower scores overall. There was one trade that went horribly wrong with slippage of 9 pips which was a real pity as we performed well over all.
Fair Trading Technology is not really a broker but a MT4 Bridge . This technology provider can connect you to various brokers but the stand out is Dukascopy. We have always liked Dukascopy so it was great to test the bridge. It performed very well overall and we can definitely recommend it for scalping the only drawback here is the extra charge for using the Bridge @ $1 RT which does influence costing especially on high volume scalping. All in all however a good experience with FTT.
IC Markets has been a favourite of mine because of their low entry into the ECN market at only $250. They are a great option for traders with limited funds to start. IC Markets have great spreads and their comms are reasonable considering the low entry point. They are more expensive on comms than the other brokers ahead of them but a very good outfit which you can use to profit from with scalping strategies. The best forex broker for scalping $250 and less.
FXCM has been known as the best broker for scalping over a number of years. This could be true but the problem is that you need to get a special account with FXCM for $20,000 to really get the advantages of this broker. If you have the capital and you are looking for a stable very reliable broker then look no further. A broker that has stood the test of time and is listed on the NYSE. Very good broker, they are very big and focus on the bigger hitters rather than normal retail clients.
The Best Forex Broker for Scalping
Our test only ran 30 days but because of the number of trades we were able to execute we believe it was long enough. It is important to note this test is relevant to all forms of trading not just scalping as you could save a fortune from spread, commissions and execution delays if you trade with the best trading conditions available. We are proud to announce we have found the best forex broker for scalping and that broker is TradeView Forex.
So you are looking for the best forex scalping robots in 2016. We had a look at various factors including affordability, durability, performance, pairs traded and risk. Here is a list of our favourites:
1. Forex Scalping Robot v3.0
The cheapest of the top 3 at $249 wins the affordability test.
7 Day Trial wins the trial test ( ATS only on Demo Accounts )
Highest amount of Trades per Currency Pair
Step by step instruction manual.
Remote Installation for new traders.
90 Day Guarantee
Live Account Verified on Myfxbook
Out performed both other scalping bots in the test period.
The Forex Scalping Robot v3.0 wins the test as the best performing cheapest solution. The other robots also faired well but not as well as FSR 3.0
Great scalping robot but very expensive coming in at $30000.00
Impressive volume management system based on likelihood of trade succeeding.
Free test on demo through MQL5
Live Account Verified on Myfxbook
Broker Sensitive because of the revolutionary time trailing stop loss.
High Profit Factor
Poor when slippage is added.
AlgoTradeSoft’s Scalping Robot is a great piece of software for professionals. It is extremely effective and profitable under the right trading conditions. When conditions change however so does the performance. You need a professional ECN Account for this robot to work properly. If you have all this it is a great bot to go for.
3. Everex FX Scalping Robot
Well priced at $299
Demo Account Verified on Myfxbook
Trades 2 Pairs : EURUSD and GBPUSD
Time trailing stop loss similar to ATS
Limited amount of Lots (7 per trade)
Scores very well under backtests and forward demo tests.
Long term profits.
Everex is a great scalping robot. We are surprised they do not have live trading data as we have had great results on a live account. One more pair than the other 2 bots and we must say it performs exceptionally well on GBPUSD. We are also surprised with the limited lot size, you have to pay more to trade more lots. All round very stable good forex scalping robot.
We hope you have enjoyed our comparison between these 3 forex robots. If you have the money we recommend you buy all 3. If you only have enough money for one we recommend buying FSR 3.0 – Happy Trading !
So we claim to have the best forex scalping ea, many people claim many things, why should you believe us? Well quite plainly we actually did a lot of research and testing before even coming up with the philosophy of our scalping bot. Here is a list of the tests we performed:
1. MT4 Broker with the best trading conditions for scalping.
2. Best times for scalping.
3. Best Entry points for Scalping
4. Best trailing stop configuration.
5. Best timeframe.
6. Best combination of Trading Pairs
7. Lowest Draw Down
MT4 Broker Test
The desired outcome for this test was to identify the MT4 retail broker with the best conditions for automated scalping on a live account. We tested a total of 20 MT4 brokers in this test. The areas we tested were execution time, latency, slippage and of course spread. We tested these factors in low and high volatility and at random market times over all majors. We immediately eliminated 16 of these brokers due to slippage which averaged over 1 pip per trade.
On the remaining brokers we ran a high frequency EA over 30 days to gather further slippage and execution data. We crunched all the figures and one broker came out tops. We found that TradeView Forex was the best all-round option for scalping. The only issue that some people did have was their regulation which is in the Seychelles. From our tests however they out-performed all other brokers. This was on their Innovative Liquidity Connector Account.
Best Scalping Times
In order to create the best forex scalping EA we had to come up with the best execution time. There are a number of factors which affect execution i.e. liquidity, volatility, volumes etc. These are all connected to time. At certain times of the day there is more liquidity which increases execution speed. Execution speed is essential for success in scalping. We used the data from our brokers test to see if there were certain optimal times and days for scalping. What we found was very significant. We found the best time range which was from 06h00 GMT to 14h00 GMT. This increases our success ratio by more than 10%. Further we found that if we eliminated Mondays totally from our trading it had another 2% affect. Thus we concluded that the best time to scalp is Tuesday – Friday 06h00 GMT – 14h00 GMT.
Best Entry Points
For this test we used a variety of known entry strategies for scalping including different crossovers, market cycles, Fibonacci Retracements, Volatility Indicators etc. The Entries with the most success however proved to be old reliable Support and Resistance levels. Contrary to the belief most people have these areas act as a instigator for volatility and often spikes occur at these levels. This makes it a perfect entry strategy for scalping.
Best Trailing Stop Configuration
As this is our secret sauce we will not reveal the specifics but the general philosophy behind our trailing stop and essentially our exit strategy. We are strong believers of low risk, both in business and in trading. If you can limit your downside risk and have infinite upside exposure you are in a great place. Our initial stoploss is set at 2 pips which allows us to use high volumes when trading. Our trailing stop kicks in when we are 4 pips into the trade and our trade is secured by moving the stoploss to +1 pip. from this point our intellegent trailing stop “measures” various factors to determine when to trail and how many pips to trail by. There needs to be a balance between securing profit and leaving room for retracements. We believe we have found the perfect balance and our results agree.
We had to establish which timeframe would be best to trade on. What we found is the higher the timeframe the more accurate the system. This however does lead to a slight problem. The Daily timeframe gives great results but doesn’t trade enough. The M5 timeframes trades a lot but is not very accurate. We found the best balance for scalping was the S & R levels on the Hourly Timeframe.
Best Combination of Trading Pairs
We tested all the majors. We only tested a number of pairs because the spreads on the other pairs were too high for scalping. We found that the USDJPY, EURJPY, GBPUSD and EURUSD on TradeView Forex were the best pairs to trade the forex scalping EA. This continued into our testing on a demo account where all these pairs performed very well. When we moved to a live account there was a clear difference in execution speed. We expected this as it is impossible to replicate live execution conditions on a demo account where orders are not really filled in the market.
The only pair that remained consistently profitable … yes you guessed it …. EURUSD. We did not restrict our EA to EURUSD only as some clients may have access to a broker that offers great conditions on certain trading pairs. EURUSD is by far the best pair for scalping that we could find.
Lowest Draw Down
Draw down is the biggest killer of a forex scalping EA.We combined all the factors above to realise our goal of minimal risk and maximum reward. As mentioned earlier we use a very tight stop loss of only 2 pips. With our brokers test we were able to eliminate excessive slippage. Our intellegent trailing stop makes sure that we do not limit our profit to just a few pips, in fact our largest live trade thus far has been 35 pips. That give a risk reward ratio of 1: 17.5. we believe that this is the reason our scalping robot is trully the best and will stand the test of time. If you would like to follow our live account feel free to do so here : http://www.myfxbook.com/members/safxsignals/mt4-210546/1784233
So have we created the best Forex Scalping EA ?
Well we certainly believe so. If you compare our robot to other forex scalping robots we usually come out tops trade for trade. The largest single reason for this is that we use an intelligent stop system which allows us to completely manage our risk. Small risk high reward combined with a higher than normal win ratio for a scalping bot. You have a recipe for success. Try our bot free for 7 days. Enjoy !