Automated trading on Forex requires the usage of the computer programs that make it possible for, basically, every trader to enter the market and gain profits. These programs are Forex robots that are usually also called EAs. It is a fact that you need the best EA for MT4 to get the best trading results on the market. That is why we made a list of the best expert advisors for MT4, together with short reviews on them. So, check it out and choose the best robot for your automated Forex trading.
Differences between Forex robots for MT4 and MT5
Usually, Forex robots for MT4 and MT5 do not have that many differences that might affect your trading process, which is a good thing to know. These two trading terminals have many differences as the MT5 is not the new version of the MT4 terminal but an entirely new program that has many new features and tools that are not available in MetaTrader 4.
List of the best Forex robots for MT4 in 2021
Represented in this list the best EA for MT4 is here not accidentally. These systems have been tested and reviewed in many ways so that we can responsibly declare that they have all the right to be called top trading systems. All the robots here have different trading styles and logic, all of them have different gain levels, but the trading results they show make them a few really profitable and reliable Forex robots among the thousands of the systems on the market.
Top 15 Best Forex Robots
| No | Name | Chart | RatingRating | GainGain | MonthlyMth. | DrawdownDD | Days | InformationInfo | Review | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
|
FX Proctor Special | 10/10 | 376.39376% | 11.5212% | 20.0220% | 437 | Robot pageInfo | See review | |
| 2 |
|
Forex inControl 3.0 | 10/10 | 1939.221939% | 3.754% | 28.6829% | 2475 | Robot pageInfo | See review | |
| 3 |
|
FX JetBot | 10/10 | 973.65974% | 10.3110% | 20.521% | 742 | Robot pageInfo | See review | |
| 4 |
|
FXQuasar | 10/10 | 1741.471741% | 5.626% | 46.9347% | 1600 | Robot pageInfo | See review | |
| 5 |
|
FXGoodWay X2 EURUSD | 10/10 | 1189.731190% | 4.885% | 56.5657% | 1611 | Robot pageInfo | See review | |
| 6 |
|
Night Forex Bot | 10/10 | 1022.671023% | 9.149% | 63.2263% | 843 | Robot pageInfo | See review | |
| 7 |
|
FXTrackPro Super | 10/10 | 815.04815% | 8.368% | 30.0830% | 827 | Robot pageInfo | See review | |
| 8 |
|
MyForexPath | 10/10 | 473.34473% | 6.597% | 27.9928% | 829 | Robot pageInfo | See review | |
| 9 |
|
FX Proctor | 10/10 | 315.12315% | 10.3110% | 21.2621% | 437 | Robot pageInfo | See review | |
| 10 |
|
Forex inControl 3.0 Complete | 9.8/10 | 340.94341% | 2.292% | 21.2721% | 1969 | Robot pageInfo | See review | |
What are Criteria for Top Robots for MT4
We give a lot of attention to the way that the best robots are evaluated. That is why at ForexStore, we crafted the original automated rating system that measures all the Forex robots represented in the marketplace by a variety of different characteristics. The main of them that have a huge impact on the forming of the list of top EAs are those:
- Live trading results;
- Backtests;
- Money-back guarantee;
- Protection by the ForexStore system;
- Length of trading period;
- The realism of the trading results;
- Profitability and reliability analysis;
- Drawdown analysis.
If any Forex robot shows itself good in all of these main characteristics, it surely is one of the best expert advisors for MT4 that you must turn your attention to.
Best Forex Robots for MT4
Here are some short reviews on the robots from the list above for you to know more about the best EA for MT4 we have. Go ahead and choose the Forex robot that you see as the best system that will work for you.
FXStabilizer Pro
The name of the FXStabilizer Pro says it all. This Forex robot is created to make your trading the most reliable experience you can only imagine. The FXStabilizer Pro focuses on long-term stable trading goals, providing the safety of your funds thanks to the trading algorithms and money management tools that are used in its work.
Pros:
- 2340% of profit accumulated;
- Reliable live results since 2015;
- Longest backtests from 1997;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- Low monthly gain level;
- High price;
ForexTruck
ForexTruck EA is a robot that has a combination of unique trading logic and professionally crafted tools which provide the maximum results with a high level of reliability. The ForexTruck uses a “two-blocks” trading logic together with the smart money management tools to gain the max and lose a little.
Pros:
- 578% of the profit on the live trading account;
- Low drawdown level;
- 6 years of backtesting;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- No detailed information on the trading logic;
- Only USDCAD compatible;
FXCipher EA
The FXCipher EA is the robot that shows a pretty solid profit on the live account. The system has been trading live for only 1.5 years and has reached almost 600% of profit. These results are possible due to the trading logic of the system that consists of two built-in presets that the trader can choose from. The first makes the trading more reliable and the other increases profitability.
Pros:
- Good live statistics with almost 600% profit;
- Low price;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- A bit low profit to drawdown ratio;
- Uses Martingale looking strategy;
- High drawdowns;
FXQuasar EA
From the very beginning the FXQuasar EA showed itself as a pretty promising robot and still shows amazing results. This system uses a unique trading logic development that has 6 independent sessions that define how the trading will be carried out. Three of those sessions use only buy orders and the others use Sell orders.
Pros:
- Unique trading logic;
- 480% of profit on live account;
- 6 years of backtesting;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- A bit low profit to drawdown ratio;
XFXEA
The XFXea is yet another example of the stability in profits and reliability among the automated training systems. The point with the XFXea is that it is designed to trade regularly regardless of the market situation which also means that the system brings profit regularly as well. This system is as profitable as it is a reliable one that is why it gets the place between the top EA for MT4.
Pros:
- 2523% of profit accumulated;
- Trades regularly;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- High drawdowns;
- Low profit to drawdown ratio;
FXHelix EA
The FXHelix EA can be described as a Forex robot that might not be the superstar but still has all the features and success as the other more bright robots have. The main principle for FXHelix EA is to get in profit no matter what. This is achieved by the market history analysis and in rare cases by the lot size multiplication.
Pros:
- 520% of profit on the live account;
- Smooth upward trading curve;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- Can keep trades opened for a long time;
- Has high drawdown level;
- Low profit to drawdown ratio;
FXZipper EA
The FXZipper EA is the most reliable scalper on the market that obviously has to be included in the list of the top EA for MT4. This system is a very specific scalper which is built the way that it’s able to work with every broker and on 8 currency pairs which are pretty unusual for scalpers. The system also has unique tools built into it which make it as reliable as the profitable one.
Pros:
- Low drawdowns;
- Unique scalping strategy;
- Reliable trading results;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- Low profit to drawdown level;
- A bit sharp trading curve;
Forex inControl Full
The Forex inControl EA is characterized as a profitable Forex robot with a hard drawdown control system that has several unique instruments to keep profit and risks following the trading logic. It is a “reborn” version of the system that has a pretty long history.
Pros:
- 1170% of profit accumulated;
- Hard drawdown control;
- The smooth trading curve on the live account;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- Low profit to drawdown level;
FXTrackPro EA
There is no doubt that the FXTrackPro EA should be on this list as this robot has been showing incredible profitability and has been reliable at the same time. Its profitability allows you to trade a small part of your deposit and still have a pretty solid profit.
Pros:
- Almost 600% of profit accumulated;
- Unique low risks trading strategy;
- Reliable trading results;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- Low profit to drawdown level;
- A bit sharp trading curve;
FXGoodWay X2 EA
The FXGoodWay EA is the system to solve the problem of losses and the long recovery process. This system is designed to be a stable and constant Forex robot that has a unique strategy of trading sets and options that provide a successful trading process for years. This robot has multi-session logic that brings smooth profits and has auto-risk calculation.
Pros:
- Multi-sessions logic;
- Reliable trading results;
- 5 years of backtesting;
- MT4 and MT5 compatible;
- Money-back guarantee;
- ForexStore protection;
Cons:
- Low profit to drawdown level;
Conclusion
The trading system you get for everyday trading is the most important thing for success. The choosing of the best expert advisor for MT4 might be one of the things that you have no idea how to handle. This task can be hard because of the number of robots that exist on the market and many other reasons. That’s why it is important to rely on authoritative opinions when selecting the robot. This list of the best EA for MT4 is our approach to help you with this hard task. We hope that this material helps you to choose the Forex robot for your successful trading.