Forex & Cryptocurrency Trading Robots & Signals

Trading often feels like a minefield of possibilities, and there's no crystal ball to confirm you're making the right decisions. Of course, this uncertainty is also part of what makes negotiations so attractive.

And while there's no way to know exactly what the markets will do, there are tools that can help guide your trading activities. One is a trading signal.

In short, trading signals are suggestions that alert you to trading opportunities that arise in the foreign exchange, indices and commodity markets.

These recommendations are based on human analysis (manual signals) or generated by mathematical algorithms (automated signals). Trading signals can be useful for novice traders in helping them discover new strategies, but of course there is no guarantee that these ideas will really pay off in the end.

drift

$ 10.000
Free Demo

Deriv's history begins in 1999. Regent Markets Group, the founding company, was created with the mission of making trading...

Visit Now!Visit Now!
*Your capital may be at risk
Investing in Forex, CFD and FX options involves substantial risk of loss and is not suitable for all investors.

Quick registration

Duplitrade: This user-friendly automated trading tool requires no installation or download.

93%
PUNCTUATION

DupliTrade AvaTrade

DupliTrade is an automated trading platform specializing in Forex and cryptocurrency trading. This Europe-based auto trading platform offers a free trial to all traders who want to try automated trading.

DupliTrade was created for traders to have a simple automated trading experience. This automated trading platform allows traders to easily automate trading activity in their trading account based on signals from advanced traders with extensive financial market experience.

Quick registration

CopyTrader™, the most popular feature of eToro, allows you to view what real traders are doing in real time and copy their trades automatically.

92%
PUNCTUATION

Copy Trading eToro

Copy Trading is the ability to copy another trader's trades. One of the advantages behind this is that your money is always under your control and, using an automated system, you allocate a specific amount of capital to copy one or several investor accounts of your choice.

In essence, you're just copying someone else's trades, assuming that person is a good trader.

Quick registration

3 Pre-Built Strategies Included, automate your trading ideas without writing code.

91%
PUNCTUATION

DBOT

DBot is Deriv's drag and drop robot building platform, offered in its suite of trading platforms.

Deriv aims to create a more intuitive trading experience, including a variety of platforms from user-friendly DTrader to MT5. DBot started as part of the Deriv platform available on Binary.com (and grew out of BinaryBot).

DBot allows the trader to build and run online trading robots that will trade on behalf of the trader at no cost.

 

Forex Signals

Quick registration

Never trade alone again. Join thousands of happy Forex traders in the Trading Room.

87%
PUNCTUATION

For those looking for expert Forex trading community and support, ForexSignals.com ticks all the boxes. With a range of different strategies, professional mentors and a strong YouTube following.

ForexSignals.com is more qualified than most when it comes to offering not only high quality signals but everything else needed to succeed in the Forex world.

ForexSignals is primarily designed for new Forex traders, or those who need extra structure and guidance to succeed in what can be a confusing market.

ForexSignals' target audience is also anyone who prefers active involvement and ongoing community as well as Forex signals services.

Quick registration

The Bot analyzes over 10.000 pairs of cryptocurrencies every second. Free Demo Account!

90%
PUNCTUATION

bitsgap

Bitsgap is heralded as a new way to trade across multiple exchanges, finding the best rates and managing your portfolio effectively. The platform allows you to bring all these elements together under the same trading environment, providing access from a single account at the click of a button.

Bitsgap is currently integrated with 30 exchanges, including Binance, Kraken, Bitfinex and more. Traders have access to over 10.000 cryptocurrency trading pairs and various technical indicators available to formulate their strategies.

The platform offers an optimized and intuitive interface for both beginners and experienced traders.

Quick registration

This forex system offers an impressive combination of an extremely advanced trading algorithm in a very easy-to-use package.

83%
PUNCTUATION

1000pip Climber System

This forex system offers an impressive combination of an extremely advanced trading algorithm in a very easy-to-use package.

The performance is impressive and what makes this robot really stand out is that the performance has been independently verified by MyFXBook. This provides an additional layer of confidence in the quality of the algorithm.

Unlike many other robots, all complexity is kept in-house and there are almost no settings for the user to adjust. The interface was kept clean and simple so that even beginners would find it easy to use.

Quick registration

GPS Forex Robot - This robot uses newly developed innovative technology and algorithms. Constantly monitoring the market in the background.

86%
PUNCTUATION

GPS Forex Robot

This robot uses newly developed innovative technology and algorithms. Constantly monitoring the market in the background, it has 12 selectable trading strategies and styles, so you can choose the one that suits your needs.

GPS Forex Robot is simple to use. Configured to receive automatic updates whenever the schedule needs to be adjusted, it's constantly updated — letting you enjoy developments right away.

Quick registration

Forex Trendy It is able to view charts on 34 Forex pairs, from minutes to monthly, and is a browser-based EA, meaning there is nothing to download or install.

84%
PUNCTUATION

Forex Trend

This EA is an automated analysis system that helps users avoid trading during uncertain trading hours.

It's able to see charts on 34 Forex pairs, from minutes to monthly, and it's a browser-based EA, meaning there's nothing to download or install.

While it doesn't place the deal for you, it will let you know when the best time to buy or sell would be.

Quick registration

EA Builder allows each trader to create their own indicators and strategies without any programming knowledge.

92%
PUNCTUATION

EA Builder

EA Builder allows each trader to create their own indicators and strategies without any programming knowledge.

It has a simple interface that establishes rules and algorithms so you can trade anything with different resources in just a few clicks.

This web-based program does not need any installation and works effectively with MetaTrader 4+5 as well as TradeStation.

 

Forex Trading

In forex trading there are no guarantees of profit — the market can be volatile and even the most sophisticated robots (or more experienced forex traders) can lose a lot of money.

If you are looking for a forex robot or trading signals, pay attention to products that claim huge profits and cannot provide real-time examples of how they are doing. User reviews are always a good bet, as are reputable review sites.

In addition to user analytics, look for real-time usage on brokers — third-party verification sites like myfxbook.com are a good way to see how they are doing.

Robots must be tested; using historical data to see how you are performing (known as backtesting) will show you where they struggle to predict trends and where they are performing well.

Of course, there are many fraudulent products available online and avoiding them can seem difficult. While every care has been taken to ensure that the products we list are not scams, we cannot assume any responsibility for any financial loss.

Things to Consider When Choosing Your Robot

There are a few things to think about when choosing a good forex robot, in addition to avoiding fraudulent products:

  • Pay attention to a low drawdown rate. This is a measure of declining and declining capital and although high drawdowns they can mean bigger earnings, they can also cause an account to break.
  • The best robots are thoroughly tested. This backtesting should be available for viewing prior to purchase, and real-time data from third-party websites such as myfxbook can help inform you of the robot's current performance.
  • Be wary of product reviews from unverified sources. Developers just want to show positive reviews, and people who have lost money using a particular robot are likely to give a negative review. Compare reviews from genuine users before investing.
  • use a demo account. Before deciding to use a robot, first try it in a test environment. This will allow you to see how it works under test conditions — although be aware that test conditions cannot fully simulate a real trading situation. If the robot you are considering does not offer a demo or trial version, it can be very risky to invest capital in it. During the demo, you can also see which settings and parameters are used by the robot and get used to how it works.
  • Remember that all robots will require some supervision.. System failures, internet signal issues and catastrophic loss can all happen, so although these robots are designed to work autonomously, you will have to intervene at some point.

The most important thing to remember when choosing a product is that there are no guarantees when it comes to gains from trading forex and cryptocurrencies. Products that guarantee financial gains without any form of money-back guarantee should be avoided; many of the more popular robots offer at least 60 trading days and a full refund, which makes them less likely to be a scam.

Trading Signals Looks Good — What's the Trick?

If you think that automatically receiving suggestions about seemingly fruitful trading opportunities sounds too good to be true, you may be right, depending on how you approach them.

As we've said, blindly following trading signals can be a recipe for disaster as they can easily be wrong, and if you're passively copying rather than actively thinking, you're not learning to be a better trader.

 

 

Trading Signals You Can Hear?

key signs

These signals are related to economic and market developments and will result from things like news, events and company statements. For example, a reduction in the interest rate can cause a certain currency to fall in value. Two of the most influential fundamental signs are earnings announcements (if a company has lived up to expectations) and stock upgrades or downgrades by notable analysts.

Technical Signals

Rather than considering current affairs, technical signals are based on historical price movements and chart patterns that could predict how things will develop under similar circumstances — certain chart patterns can suggest a price movement in a certain direction.

Can You Trust Trading Signals?

Trading signals are only worthwhile if they are reliable, and how do you know you can really trust them?

Every trading company offers signal software — but that doesn't mean it should be high quality or approved by any leading financial agency. There is a chance that your trading signals could come from sources that do not have the credentials you expected, increasing the risk of being pointed in the wrong direction.

 

Are Your Trading Signals High Quality?

Can You Trust Trading Signals?Not all trading signals are of equal quality. Think carefully about where they come from before following your lead. The real question is, does your source know you're talking?

You would probably assume that all signal providers have a high degree of knowledge and experience, but this is not necessarily the case.

The problem is that these services are generally unregulated. You'd expect a trading signal to be sent by an expert and maybe yours is, but without regulation, there's also a chance your provider isn't particularly good at what it does.

Even worse, you may receive a trading signal from a scammer who created a false signal that benefits your broker, not you, the investor.

Instagram Trading Signal Scams

Instagram has become a hotbed of scammers looking to lure up-and-coming traders to make quick money. While these people have no commercial success, they deceive their followers by posting photos of the luxurious lifestyles they claim to lead.

In reality, their income is the commission they earn from making unsuspecting investors subscribe to questionable platforms and products.

The Guardian has published an article about these so-called “Wolves of Instagram” (Instagram Wolves). The reporter claimed that Oyefeso showed him a WhatsApp group with thousands of young people he had attracted through social media.

Charging each person $69,99 a month, they would receive messages from him telling them what to trade next. Little did they know, these were all the products he was selling.

So are Trading Signals Worth It?

That depends on where you're getting them and your attitude to risk.

For most people, it's definitely not worth taking a chance on a sign from someone who may not have real credentials. Therefore, it is worth considering trading signals with a regulated provider.

Do You Have Control of Your Trading Signals?

Do You Have Control of Your Trading Signals?Trading signals are ultimately just trading ideas, so you should always weigh the risks before following a signal.

However, some investors decide to sacrifice all control and leave their money in the hands of other investors. This practice is called copy trading, a type of social trading where you link your account to another trader and automatically combine your activities. All their profits and losses will also be yours.

Although your knowledge is limited, you can hand control over to someone else and hopefully enjoy their success. But is it really a good idea to place complete trust in a person you don't know?

If they get it wrong, you could lose huge sums that you would never have risked on your own. The automated nature of copy trading also means that you may be powerless to stop it.

Imagine getting on a train and losing signal while traveling, having no idea how fast your losses are mounting until it's too late.

Furthermore, data associated with individual traders on these platforms is often inaccurate. Obviously, you would be looking for a trader who makes a profit, but information about his past performance is often hypothetical and not based on real events.

This data can also be generated by demo trading account — not by real accounts using real money.

Of course, there is always a chance that trading copy can pay off for you, but with all these potential downsides, it would be much better to choose trading signals over which you have full control.

Do You Have to Pay for Your Trading Signals?

Most signal providers make you pay an expensive monthly subscription. Trading signals can be helpful, but are you willing to pay for the privilege? Even though the signals seem to be working, you may not actually be making a profit after deducting subscription fees. In fact, you may need very high returns to break even.

If you are interested in trading signals, it is more financially advantageous to choose a free provider. However, there is a problem — you will usually have to sign up with a broker of your choice and they will earn commission every time you make a trade.

Will Your Trading Signals Educate You?

Trading signals can be helpful in teaching you new strategies and helping you to become a better trader. For example, there are signs that come with reports that detail the logic behind the suggestion, and reading and learning from them can increase your confidence and understanding.

Without this knowledge, you can make mistakes that result in huge losses. See the case of the amateur trader Richard Dobatse, who turned $15.000 into $1 million and then lost it all. About his trading platform, he said:

“They make it a lot easier for people who don't know anything about stocks. Then you go there and start losing money. ”

Summarizing About Trading Signals

Of course, not all signal providers provide full explanations, so you may not see what's really going on in the markets.

And even though education is clearly an invaluable benefit, perhaps you are content to just follow the signs without question and hope for the best. However, we have to point out how risky this is, as there is no absolute guarantee that the signals are worth it.

If you want to use trading signals as a learning tool, it's only worth doing so with a trusted provider that provides the information you need to piece together what's working and what's not.

error: