Trading robots are made to purchase and sell stocks, currencies, and other assets on their own. In summary, trading robots let you trade in a passive manner around-the-clock.
We include the top trading robots for 2023 in this guide. We examine the previous performance, risk, pricing, reputation, supported assets, and other crucial aspects of ten well-known trading robots.
Learn2Trade: Having a very effective trading robot, Learn2Trade is a reputable signals supplier. The robot, called L2T Algo, trades cryptocurrency continuously. It has a 79% victory record thus far. The setup of L2T Algo just takes ten minutes, and monthly memberships begin at £58. The robot specializes on five cryptocurrency pairs and executes up to 70 trades every month. Binance and ByBit are compatible with L2T Algo; further exchanges will be added soon.
XG Gold Robot: This trading robot covers spot prices against the US dollar and the euro and is focused on the gold markets. It makes use of a variety of techniques, such as SMA Strength and Price Action trading. Despite having a 76.12% win percentage, this MT4/5 trading robot costs $799 for lifetime membership.
Forex Fury: This robot is always buying and selling forex pairs, such as USD/JPY and GBP/USD. It has a 93% victory rate in the past and works with both MetaTrader platforms. The first Forex Fury license charge is $229.99 for a lifetime license. But there’s no money-back guarantee or free trial available.
Turbo Scalper: The EUR/USD currency pair is the focus of Turbo Scalper’s programming. You won’t need to change the parameters because the robot sets take-profits and stop-losses for each position automatically. Turbo Scalper costs $500 and works with both MT4 and MT5. For $250, you may rent the robot for three months as well. According to Turbo Scalper, they have made returns of 40.91% thus far this year.
Binance Copy Bot: This trading bot is focused on trading large-capitalization digital currencies such as Litecoin, Ethereum, and Bitcoin. The bot uses a swing trading approach, placing one to ten positions a week. For a just $15.99 per year, Binance Copy Bot offers lifelong access and has produced returns of 87.51% since September 2022. To keep the bot running, though, you’ll also have to pay Cryptohopper a monthly charge.
GPS Forex Robot: This trading robot makes the claim that it can purchase and sell currency pairs with a 98% success rate. Opening reverse positions reduces losses in the event that the robot cannot predict the market. Among the pairs that GPS Forex Robot covers are EUR/USD, EUR/GBP, and USD/CHF. The robot is available for $149 with lifelong access, and there is a 60-day money-back guarantee at the time of purchase.
EA Builder: With just a few easy instructions, users may create their own trading robot; no prior coding experience is needed. Numerous data elements are supported, such as volume, volatility, technical indications, and particular times of day. A robot strategy can be uploaded into TradeStation, MT4, or MT5 when it has been developed. While there is a free plan as well, complete functionality costs $97 one-time.
Network AI: Network AI doesn’t use technical data, in contrast to the majority of trading robots. Rather, the robot uses fundamental news to inform its trading decisions in real time. Artificial intelligence is also used by Network AI to analyze basic data. The robot works with MT5 and is focused on FX trading. At a competitive $149 for lifetime membership, Network AI is reasonably priced.
Forex Gump: Over twenty-five currency pairings are covered by this trading robot. It is compatible with both MetaTrader platforms and offers four risk settings. Trading performance for two accounts is displayed by Forex Gump: 89.2% (378 days) and 167.5% (94 days). Using MyFXBook, these results cannot be confirmed. Forex Gump charges €199 or €399 according on the number of licenses required (one or three).
Stock Trader Pro: An MT5 robot that specializes in large-cap stocks is called Stock Trader Pro. This robot trades on technical data over the long term. You can trade stocks in a passive manner as the robot creates its own take-profit and stop-loss orders. Stock Trader Pro’s return since launch in May 2020 has been close to 90%. The $550 price for lifetime access may be too much for some people.
