The Best Forex Auto Trading Software in 2021
Are you tired of spending hours analyzing charts and market trends to maximize your Forex trading profits? Do you think that there must be a better way to automate your Forex trades? If so, you're in luck! There are Forex auto trading software programs that can help you do just that.
The best Forex auto trading software will be able to do all the heavy work for you, such as analyzing the market trends, making trade decisions, and even executing trades on your behalf. These software programs leverage artificial intelligence and machine learning techniques to make the best trades, leverage, and investment decisions. In this article, we aim to provide you with an in-depth review of the best Forex auto trading software in 2021, with a focus on the keyword 'best forex auto trading software.'
Before we dive into the top Forex auto trading software of 2021, let us first clarify what auto trading software is and how it could benefit you.
Auto trading software, also known as Expert Advisors (EAs) or robots, is designed to automatically execute trades on your behalf based on preconfigured trade criteria. Traders can set rules, such as entry and exit points, to guide the software in making trading decisions. The benefits of using this software are many, ranging from the elimination of emotional biases that could affect your trading to the ability to capitalize on trading opportunities at any time of the day, regardless of your location.
Criteria for Evaluating the Best Forex Auto Trading Software
To evaluate the best Forex auto trading software, we focused on the following criteria:
- Reliability: The software should be reliable in terms of its execution of trades, backtesting, and system updates.
- Performance: The software's performance should be accurate and robust, with a low frequency of errors. The best Forex auto trading software should also have good features to analyze optimization and risk management.
- Customization and Personalization: The best Forex auto trading software should offer customization options to suit your trading preferences, trading experience, stop-loss orders, and other factors.
- Cost: The software should be reasonable and economical in terms of cost. We advocate for software that offers a Free trial option or 30-day money-back guarantee to provide you with ample time to test it before committing.
After considering these factors, we present our list of the top Forex auto trading software of 2021.
1. Forex Fury
Forex Fury is one of the most popular Forex auto trading software programs in the market. The software is compatible with both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Forex Fury boasts of 11 years of successful backtesting and activities in the Forex market.
- Forex Fury offers up to 93% win rates, yielding relatively impressive profits in a short time.
- Forex Fury offers various options to customize your trading preferences, stop-loss, and take-profit orders. You can also customize your trading times, making it suitable for different trading strategies.
- The software can automatically adjust your trading levels according to market conditions, ensuring that you have the best possible performance in any market trend.
- Forex Fury offers excellent customer service via live chat, email, and telephone, ensuring that you have all the necessary support you need.
Forex Fury provides several pricing options, starting from $229.99 for one real account. It also offers a 60-day money-back guarantee, allowing you to test it out before committing.
Forex Fury offers sound risk management and leverages, which maximize profits while minimizing risks for traders. The software is easy to use, even for beginners.
Forex Fury’s smaller range of currency pairs available for trading, compared to other software tools, may be a significant limitation for traders looking for diversified trading options.
2. Forex Diamond
Forex Diamond is, without doubt, another essential Forex auto trading software tool to consider in 2021. The software is renowned for its accuracy, speed, and high success rate in executing trading strategies.
- Forex Diamond comes with excellent optimization options, as well as good risk management strategies. It also offers good analysis features to ensure quality trade opportunities with low-risk potentials.
- Forex Diamond comes with a user-friendly interface, making it possible for new traders to master the platform quickly.
- Forex Diamond has 24/7 customer support, available via email, and they typically respond within 24 hours, making it an excellent option for addressing concerns or questions.
- Forex Diamond is compatible with MT4 and MT5 platforms.
Forex Diamond has several pricing options, starting from $279 for two real accounts and three demo accounts. You also have a 60-day money-back guarantee to test the software before committing.
Forex Diamond has an extensive range of trading options and strategies, making it excellent for experienced traders who are looking for unique price action scenarios.
The software may be more expensive compared to other auto Forex trading tools available in the market.
3. GPS Forex Robot
GPS Forex Robot is a popular Forex auto trading software that has shown significant success in the Forex market. The software boasts of over 20 years of successful forex trading experience.
- GPS Forex Robot can trade multiple currency pairs, including USDJPY, EURUSD, EURCHF, and EURGBP.
- GPS Forex Robot has a unique trading algorithm that enables it to detect trends and orders efficiently.
- GPS Forex Robot comes with a user-friendly interface, making it easy to use even for new traders.
- GPS Forex Robot has 24/7 customer support, which is available via email or online chats.
GPS Forex Robot offers a one time fee of $149, which allows unlimited usage of the software on a single trading account.
GPS Forex Robot offers good risk management options, excellent customer support, and high profitability potentials.
The software is not compatible with MT5 trading platforms, limiting its use.
In conclusion, using Forex auto trading software remains a great way for traders to optimize their profit potentials and minimize trading risks. This article presents you with the top Forex auto trading software in 2021 based on considerations such as reliability, performance, customization, and cost.
You can consider using our recommendations as a starting point, but it is always crucial to keep in mind that each trader's situation and trading preferences differ. The best way to approach choosing a Forex auto trading software is to always research thoroughly, test out the software via the free trial offers, and consider seeking advice from expert traders or investment advisors.
However, our recommended Forex auto trading software tools such as Forex Fury, Forex Diamond, and GPS Forex Robot, are an excellent starting point. They are designed to offer the best possible support for traders who can leverage artificial intelligence and machine learning algorithms to optimize their trades. Hopefully, this article has provided some valuable insights into the best Forex auto trading software available in 2021 with a focus on the keyword 'best forex auto trading software.'