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.