Expert Advisors or forex robots are in high demand in the trading community because of their potential to deliver gains in the most automated way possible.
The current market is filled with a myriad of expert advisors that deliver a degree of profits. The best metric to look at to evaluate the effectiveness of a forex robot is to look at its annual yield percentage. Many people regard Forex EA reviews as the best source of getting this information. However, the more reliable method would be to look at the EA’s track performance via an authoritative site. A yield of more than 150% is generally a good target to aim for when choosing Expert Advisors.
For the benefit of the readers, we’ve decided to compile a list of 6 EAs that produce a yield of more than 150%.
- The Skilled Trader EA
The Skilled Trader EA is a forex robot that works by dynamically adjusting to market conditions by using instant and free updates from an experienced trader. The EA features no scalping, no broker sensitivities, auto-updating software and low account risk. The EA starts with a minimum of $100 as a minimum deposit, trades gold and the EURUSD, GBPUSD on M15 timeframe. The Skilled Trader EA produces a yield of 153%.
- Grid Master Pro
Grid Master Pro is an effective EA which is the professional version of the free BF Grid Master EA. It works exclusively with the GBP/USD pair on the M15 time frame. The team behind Grid Master Pro has added three additional trading strategies for this paid EA. This includes an advanced time management system, notification system, Friday exit system, and an advanced news filter. The minimum starting capital for this EA is $1000 which delivers a yield of 162%.
- Happy MartiGrid EA
Happy Martigrid EA combines both the martingale as well as grid trading strategies. It is compatible with Meta Trader 4 and can be used with high leverage of up to 1:1000. The developers also added support for ECN brokers and auto quotes detection of 4 to 5 digits. With a purchases license, you get a complete installation and user guide, free updates, unlimited use for the user and a 30-day money-back guarantee program. Happy MartiGrid EA produces a yield of 171%.
XFXea is aimed at bringing profits regardless of the market. It works exclusively on AUDUSD and EURUSD on the M30 timeframe. It works by ensuring that the EA doesn’t have any loss periods. This is done without applying Martingale. Lost trades are made up pretty soon using a special algorithm. The EA works with a handful of famous brokers such as Vantage FX, Grand Capital, FBS, ROinvesting, and ForexTB. It produces a yield of 180% annually.
FXBlasterPRO works with the help of several indicators that combines elements of smart trend/grid/hedge/semi-martingale strategies. Using reinsurance positions commonly seen in grid trading, the EA works exclusively with GBP/USD, USD/JPY, USD/CAD, USD/CHF and EUR/USD currency pairs. It is priced at $299 which gives users a lifetime license and access to three built-in trading strategies.
- GPS Forex Robot
The GPS Forex Robot has already proven itself with a good track record of trading performance. With a modest price of $149, this EA is capable of producing a yield of over 345%. The developers behind this EA have stated countless times that it doesn’t involve any scalping which is further evidenced by a low drawdown rate of just 9%. It works with the EURUSD, EURGBP, GBPUSD, and USDCHF trading pairs.
Many developers might advertise high, unrealistic sounding yields to entice their customers but the reality is almost always different. This is why traders need to rely more on their own researching abilities and evaluate using past data from authoritative sites. The above EAs are all carefully scrutinized and presented as legitimate products on the market.