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5 Best FX Robots for Trend Trading in 2022

Best FX Robots for Trend Trading in 2022 Trend following is an investment style that is systematic in nature and follows a rules-based trading program. It uses historical price data to anticipate the direction of future price movements. Because of the inherent leverage of the assets it trades, trend-following techniques are able to function at all levels of volatility. Due to the popularity of trend trading automated FX robots, we have listed the 5 best FX robots for trend trading below:

1. Odin



Odin Forex robot trades multiple trading pairs. It has an innovative grid strategy that is capable of delivering a 57% yield per annum and a maximum drawdown per annum of 33%. It is priced at a reasonable $199. Odin implements one of the most advanced grid trading strategies on the market, capable of finding trades even in a rapidly changing market environment. The responsibilities of Odin encompass opening, managing, and closing the best trades for you. Plots chart prices in real-time to find the best entry and exit points with no lag.

2. FX Classic Trader



FX Classic Trader is an MT4 compatible forex robot that does not use martingale or any other risky strategies. It works best with the EUR/GBP pair and is capable of achieving 335% profitability. At just $109, the EA has one of the lowest drawdown rates at 15.73%. The advised minimum deposit is $200 while the EA's recommended leverage is 50:1. The EUR/GBP pair is one of the most profitable pairs if traded right and very few efficient EAs support it.

Best FX Robots for Trend Trading in 2022

3. WallStreet Forex Robot



WallStreet Forex Robot applies a low-risk scalping strategy in its work. It trades EURUSD, GBPUSD, USDJPY currency pairs on M15 timeframe. A deposit of at least $1000 is advised for this robot. It is a short and medium-term, trend Expert Advisor elaborated by WallStreet trading software developer. Based on the package, the software might cost anywhere from $239 to $389. It has two major features such as a real-time update system and the broker spy module, which protect you from high negative slippage, high spreads or delayed order execution.

4. Asia Range Grid



Asia Range Grid EA is an FX robot that trades the EURUSD currency pair on M5 and above using a unique combination of the RSI Cross technique and a Grid entry/exit technique. It employs a combination of trend and grid trading which is carefully balanced with custom-made indicators. This EA is only compatible with FXCM MetaTrader 4 software as it does not operate on MetaTrader 4 software provided by any other brokerage. You will need an FXCM live account to purchase and download the app. Once done, you can test it out on a demo FXCM account before you go for live trading. It is capable of achieving a 56% yield per year with a drawdown rate of 22.17%.

5. Forex Fury



Forex Fury is a fully automated expert advisor, developed by the Rypax Inc team, which is also popular for its other equally successful EA called Forex Steam. With a massive 93% win rate and a series of other amazing features, It is one of the best options available so far in the automated expert advisor market.
The application comes with a comprehensive installation guide, experienced and supportive customer care, and tested settings. Moreover, it is quite simple to operate, and even a complete beginner with no prior trading experience may use it with ease. Forex Fury has an

all-around good score in review forums across the web. It is also recommended by many big brokers and traders.

Conclusion



After a central bank makes a major statement or issues a media release, the market's momentum can quickly reverse or high volatility might emerge in a short span of time. Information related to the status of the local and global economies can have a huge impact on the direction in which the forex market trends. Every kind of trading carries substantial risk. FX trading is no different. It is not a get-rich-quick scheme. It can be, however, a “get poor quick” scheme if you’re not careful. It is advised you understand the basics of the market before you begin trading with an Expert Advisor.
Trend trading is a safe yet profitable trading strategy that if applied successfully, can reap a fortune. Just remember to always try and download EAs after careful consideration and reviewing.

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Any facts, figures or references stated here are made by the author & don't reflect the endorsement of iU at all times unless otherwise drafted by official staff at iU. This article was first published here on 2nd February 2022.

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