Trend trading is one of the oldest and most reliable FX strategies. As evident from the name, this technique involves trading in the direction of the current price trend. Traders must first identify the overarching trend direction to do this effectively, along with its strength and duration.
Ever since Expert Advisors became popular there are various EAs that allow traders to automatically place trades using the trend trading strategy. Some of the best fx robots in this category have been mentioned below.
1. FX Classic Trader
The first EA on our list is FX Classic Trader which is a non-martingale forex robot working best with the EUR/GBP pair. According to the EA’s official website, its profitability is about 335%. The minimum deposit for FX Classic Trader is $200 and the recommended leverage is 50:1. The basic lifetime license for FX Classic Trader is $109.
FXCharger EA describes itself as a middle-term, trend automatic EA which is compatible with both MT4 and MT5. It works best with the EUR/USD currency pair on the H1 timeframe although it does support AUD/USD and EUR/GBP as well. It is priced at $385.
3. Forex Truck
Forex Truck is an expert advisor that trades the USD/CAD currency pair. It has come up with a reliable system for limiting drawdowns, which ensure the safety of user funds. It sets stop-loss levels and monitors the status of orders, closing them by force if necessary. It is available for $277.
4. Forex Megadroid
Forex Megadroid makes use of an inbuilt proprietary software program called reverse correlated time and price analysis. This EA trades the EUR/USD and GBP/USD currency pairs on the M30 time frame. Based on the principles of AI, this EA can achieve a 95.82% accuracy as indicated by its test results. It is priced at $63.
5. Yeti Forex Robot
Yeti Forex Robot is an expert advisor that guarantees a stable 10% profit per month. With an in-built high spread protection system, the EA protects the user from surprising losses due to very high market volatility. It also offers a unique broker protection system. Yeti Forex Robot is priced at $199.
6. NCM Signal
NCM Signal is a night scalping and trend trading expert advisor which works best with the GBP/CAD currency pair. Besides trading, the EA puts stress on providing an excellent VPS service with local copying for each client. NCM Signal is priced at $79.
BumbleBeeFX is a short and medium trend trading EA that can be applied to any currency pair, metals, or CFDs. It applies a unique system that offers protection from price revers moments, high spreads and slippages. It can simultaneously trade on more than one market and has NFA and FCA compatibility. It is priced on the higher side at $999.
8. Happy Fast Money
Happy Fast Money combines trend trading with grid/hedge trading and works with pairs like EUr/USD, GBP/USD, EUR/GBP and AUD/USD. The EA provides support for ECN brokers as well as auto-quotes detection for 4 or 5 digits. It also provides a 30 days money-back guarantee scheme. Happy Fast Money is priced at $299.
9. Linear Weighted MA-Cross
Linear Weighted MA-Cross is an EA that is FXCM optimized. It is ideal for currency pairs like EUR/USD and GBP/USD. It involves buying and selling orders depending on the relationship between the quick and slow linear weighted moving averages. The minimum deposit for Linear Weighted MA-Cross is $500.
10. On Control
On Control works best with EUR/USD, GBP/USD, AUD/USD, USD/JPY, CAD/JPY, NZD/USD, USD/CAD, USD/CHF and EUR/CHF currency pairs on the M1 chart. It is compatible with trading accounts of all sizes: micro, mini and standard. Its yield per annum is at 28.49% although its drawdown is on the higher side at 49.87%. It is priced at $2990.
Expert advisors can be a game-changer for any struggling trader if chosen properly. With the market almost over-flowing with EAs of all types, it becomes a bit difficult to short-list EAs that actually keep their promises.
As traders, always make sure that you conduct background research and scrutinize past trading performances of an EA before committing money.