Sometimes Forex robot developers will offer Free Forex robots. Usually, these are free demo versions that will not work on real money accounts. But that’s okay, because this way you can test a robot out for yourself without having to spend a dime, or worrying about getting a refund. Here we are testing some of these free Forex robots, as well as providing the information you need to grab one to test yourself!
Forex Robot account data is automatically updated every 15 minutes from the actual demo trading account.
Robominer
Start Date: July 9, 2009
Free Full Feature Download (only works on demo account)
The RoboMiner is a very profitable EA that is simple to use. It is ideal for a retail user who has not had a lot of forex trading experience…
The RoboMiner trades only the AUDNZD and EURCHF currency pairs in a custom grid-trading system. The built in money management system is intentionally so conservative as to make trading with this EA a very low risk proposition in comparison with other forex trading systems. The AUDNZD currency pair could literally climb to the highest price it has ever traded at historically, and then it could fall to the lowest price that it has ever traded at historically, and your account will not margin out, provided you have not changed the settings from their recommended levels. It is recommended that beginners stick with the AUDNZD pair until they have gained sufficient experience to add the other pair.
You will be pleasantly surprised as your check your account from time to time, because, even at its more conservative settings, the RoboMiner can easily average 6%+ per month and 100%+ per year on your invested capital. You can verify this yourself by back testing the RoboMiner with the Metatrader Strategy Tester.
Another big selling feature of the RoboMiner is that it requires no attention on the part of the account owner once the EA begins trading, other than to make sure that your computer is on, your trading platform is open and is connected to the Internet. You can literally go for weeks without having to intervene in your trading account in any manner. This is truly a trade-while-you-sleep proposition!
The RoboMiner is available for a free demo download at this website. Simply sign up for a free membership, and you will be able to download a fully functional copy of the RoboMiner EA that will trade on any demo Metatrader account. There is a setup video within the website that takes you through the whole process of how to set it up, and there are a number of FAQs as well, which should answer any question that you would have.
There is no longer any reason why the average person who may not have sophisticated trading skills cannot make a substantial profit in the forex market. The RoboMiner is here, and it is going to change everything!
GT Shadow
Start Date: July 9, 2009
Free Full Feature Download (only works on demo account)
The GT-Shadow is like the RoboMiner EA on steroids. At its very basic settings, it can trade the forex market in exactly the same way as the RoboMiner. Because of that, all the benefits that were previously listed for the RoboMiner are equally true for the GT-Shadow. But it can do even more!
Whereas the RoboMiner can only trade the AUDNZD and EURCHF currency pairs, the GT-Shadow can be set to trade any currency pair that you desire to trade. Like the RoboMiner, it trades using a custom grid strategy, but in the case of the GT-Shadow, you can define every aspect of that grid, including where it begins, how many Pips there are between each level, and many additional settings. It is for this reason that, unlike the RoboMiner, which is recommended for beginning traders, the GT-Shadow will appeal to and is best suited for traders who are experienced with using EAs.
The GT-Shadow can trade 2 currency pairs of your choosing at one time, in your own customized hedge configuration. In this case, the GT-Shadow will calculate a “shadow” profit based on what your profit would be if you were trading those two pairs, and it will enter and exit the market at opportune times based on that shadow profit calculation. This is a very new and exciting concept in forex trading.
There is a complete money-management system built in, so you can have the GT-Shadow calculate the size of each trade based on a certain percentage of your balance, or of your equity, or of another amount that you wish to specify. In addition, you can tell it exactly how many lots you wish to buy or sell. If you are hedge trading, the GT-Shadow will automatically calculate the hedge for you, and you have additional settings that you can use to further modify the results of those hedge calculations before they are used in determining the actual number of lots to trade.
There is so much flexibility and power built into the GT-Shadow that it is hard to compare it with anything else that is out there in the forex trading market. It is truly the most powerful EA out there.
