MetaTrader EA Reviews

Forex Trading and MetaTrader Expert Advisors

Forex Trading is becoming as popular as stocks and share trading amongst the general public. Once the preserve of large banking institutions and financial organisations, this fast growing sector of personal finance investing is taking the World by storm.

To assist with trading in this sometimes confusing and tricky market several genuine "Forex Expert Advisors" or automated trading systems have been developed. These MetaTrader EAs, whilst not able to guarantee financial success, will greatly improve the chances of making Forex Profits for both beginners and seasoned traders alike.

We realise through our own research into these Forex Robot Trading Systems that there are many to choose from, some making incredible claims that they will make you overnight profits and some more realistically suggesting with their help that you can make a significant extra income through Forex Trading. We created this review site to help you choose which MetaTrader EA is most likely to work for you and assist in making profit. The reviews consist of genuine product reviews gathered from across the internet and most significantly from people just like you who have purchased and used the robots. In fact, once you have purchased and used your chosen MetaTrader EA we ask that you come back and submit a genuine and honest review to help others make the right choice.

Latest Forex MetaTrader EA Reviews

     
Review by
Erik Anderson
on 3 Sep 2010
Robot : FAPTurbo
I purchased the FAP Turbo last week and set it up on my already running MetaTrader account. The results are awesome and I could not be any happier. Even with a conservative risk setting of 4%, it still generates close to 300/day. Already 2 of my family members and 4 friends have also made the purchase based on my recommendation. I am so excited to see the account growing daily and I will keep spreading the good word on the FAP Turbo robot!!
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 9
     
Review by
Guest
on 2 Sep 2010
Robot: Forex MegaDroid
Just wanted to write in and say that I'm extremely pleased with the way this forex robot trades. I've tried quite a few of them both brand new to market and under $50, right up to the $1200 signals, and I haven't seen these kinds of results before!! I left it in demo for about a month or so when I first got the pre-release and thought "yeah yeah, another robot another demo, another loss..." To my surprise the thing seems to be unstoppable! The engine that powers this robot is complex, and is not like any of the ones on the market (I can usually tell if it's just another rehashed version of the popular ones). It's been quite consistent and I look forward to seeing it keep performing for me.
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE | 124 words

Rating : 8
     
Review by
James B
on 1 Sep 2010
Robot: Forex Funnel
I am trading conservatively at the moment but the Forex Funnel still makes me between $100 and $200 per day. In fact the best day was the first day I installed it into my MT4 Trading Platform, it made over $500 in several trades. It only took me 6 minutes to download, install and begin trading. I would consider myself to be an experienced Forex Trader and have tried many Expert Advisors. I can honestly say this one has worked out best for me. I would recommend it to anyone either currently trading forex or wanting to start.
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 9
     
Review by
Guest
on 30 Aug 2010
Robot : Forex Boomerang
I downloaded the IBFX demo on sunday, as I type this, it's monday morning and I can't believe that this software is actually making a profit.  It has made $940.50 within a 24 hour period.  I started with $5,000 demo and started out with max lots 2.
I can't believe this thing actually works.  I've been trying to trade the currency market for over 5 years and have lots thousands of dollars every single time. All I can say is that when I put the $500 into IBFX I know I won't regret it...that's all I can say
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE | 76 words

Rating : 8
     
Review by
Guest
on 30 Aug 2010
Robot: Forex Detector
I just wanted to give some feedback on the product. I'm still in the trial phase of the product. The simplicity of the product is rediculous, yet the results impressive. I'm a forex trader now for years, and I do have my own system which produces very attractive returns for me (also a radiculously simple method of trading-no indicators whatsoever.) I've had 7 signals thus far with Forex Detector, and ALL of them winners on the 50 pip exit strategy. I've managed to gain $3120 in 7 trades,a 31% growth on a $10000 acc with only 7 trades! It's beating my own system results thus far.
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE | 124 words

Rating : 10
     
Review by
Yang Lee
on 28 Aug 2010

Robot: Forex MegaDroid
I'm very please with forex megadroid software and have shown it around to quite a few people now as they don't seem to believe that a automated advisor can be profitable. The proof is in the bank statements, and in the daily charting, once they see this they instantly want to know the where/what/how... Once I tell them it's a tool I use and it doesn't require my time day to day, they are convinced, and I have recommended at least a dozen or so of my associates to your site since who are also now using the grail to capitalize on this new market... So thanks! It not only turned me into a believer, but it made a whole bunch of people good money to date.
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 9
     
Review by
Alan Castro
on 28 Aug 2010
Robot : FAPTurbo
I'm writing to let you know that so far I'm very astounded by FAPTurbo. I have traded the market since 2003 (6 years) manually and also with robots... I have purchased every course, every EA, every software program... and spent thousands.... I don't care that I've spent thousands because the Forex market is worth it..... I bought FaPTurbo EA the other day and put it to work..... Over 900+ pips in two days.... 900 PIPS IN TWO DAYS!!! Once again 900 PIPS in 2 days.
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 9
     
Review by
Tim Z
on 27 Aug 2010
Robot: Forex Funnel
I am afraid it's another Funnel review folks, what can I say, it works and I want to let those out there that are sceptical about it. Firstly, the actual buying process was a pleasure, no weird guy popping up on the sceen trying the hard sell, no skank in a message box trying to stop me leave! The proof was there on the website, but I was still a little dubious about the money to be made, I thought what the hell it doesn't cost that much and the free $100 in my trading account pretty much covers it anyway. It really is as easy as they claim to download, set up and begin trading with the Forex Funnel. I am no computer genius and I have never traded Forex before, but literally 15 minutes after I downloaded the Funnel Expert Advisor it was trading for me on a MT4 account and within 24 hours I was in profit. The profit seemed small, but when you multiply it over a month/year you realise this is a great way to invest money. OK so it can go down as well as up, but the beauty of Forex trading is that you can trade on the downs as well as the ups. Anyway, I think I have the longest review here! My work is done..
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 8
     
Review by
V.J.
on 27 Aug 2010
Robot: Forex Funnel
This software is exactly what I needed to improve my Forex profit. I have been trading for 4 years now, sometimes spending all day at my computer and not making a single trade. This is so frustrating. Now I have this software I can leave it running and go off to do other things. I even left it for a week while I went on vacation. I made over $3000 while on vacation! I couldn't believe it would be so easy to set up and configure with my existing MT4 trading platform. The only thing that annoys me is that they are now offering $100 free credit in your account, so it would have almost cost me nothing. Anyway it doesn't really matter as I am making so much more than that anyway.
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 9
     
Review by James Kern
on 25 Aug 2010
Robot : FAPTurbo
The FAPTurbo Robot ( by Marcus Leary ) is our top rated Forex trading system for numerous reasons – but mainly because of its proven track record as an automated system to pull consistent profits from the forex market. Although we aren't fans of the infomercial-style website and hyperbole sales speak, it's hard to argue against the actual results that thousands of non-biased customers are reporting from this forex trading system. Even though this product is relatively new, it's evident from the many unsolicited user reviews online that this system has definitely made a big impact in a market which is now used to over-promises and under-delivery.
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 9
     
Review by
Newbie
on 23 Aug 2010
Robot: Forex Funnel
One thing that's reassuring for me about the Forex Funnel is you can start with a "demo account". This allows you to play the market with "play money" and see how much you would profit before you even invest a penny. I figure that I can have a go for fun, then maybe trade for real if it works. If it doesn't there is always the money back guarantee. What have I got to lose? (My rating is based on the demo account only, I have not traded any money yet)
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 8
     
Review by
Thomas Howell
on 23 Aug 2010
Robot: Forex Tracer
Very professional automated trading system. Takes very little time to setup and operate. Advantage include NO human interaction - it makes pips even when you sleep. Try trading sun-friday 24/7 - impossible for a human. I've made a few hundred pips in a few weeks with this.
I also like that you are offered the 60 day no risk refund policy, TRADE ON
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 9
     
Review by
Guest.
on 19 Aug 2010
Robot: Forex Tracer
A breakthrough in automated forex trading System has arrived. The next best thing to printing money, the automated forex tracer. New powerful automated forex system revealed. $30,000 a year from forex ? Forget that ! $335,000 with the forex tracer !! What would you say if I told you that last year you could have made $30,000 just by leaving your computer on? Great, you might say where do I start? But wait it gets better, last year you would not have made $30,000, you would have made over $335,000 ! (Three hundred and thirty five thousand dollars) simply by leaving your computer running and letting this forex software trade the market for you. Forex trading once restricted to the large banks and blue chip companies has now become available to the average Joe. Thanks to the power of the internet and leverage offered by independent brokers the ability to trade forex has never been easier and is fast becoming the number 1 home based business opportunity. The Forex Tracer software allows even the most technically challenged among us trade forex successfully for a living. All that is required is a basic internet connection and the
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 8
     
Review by
JamesT
on 17 Aug 2010
Robot: Forex Funnel
Until very recently the Forex Funnel Automated Forex Robot has been a highly guarded secret. The creator has made over $100,000 profit per year for the last 4 years. Based on Advanced Algorithms and stop loss it trades automatically for you working with any MT4 broker. There is an offer on at the moment which includes a bonus of $100 into your trading account, this means you actually have nothing to lose on the purchase price! Don't forget this comes with a 60 day NO RISK Money Back Guarantee
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 10
     
Review by
robertcakes
on 14 Aug 2010
Robot: Forex Tracer
Forex Tracer is the newest and one of the best-selling forex programs on the market. The forex market is similar to the stock market. An autopilot program like Forex Tracer, buys and sell on the market for you, so you don't have to do any of the work. These programs are new and up and coming, and the links below will help you make the most money, the quickest way possible. It's one of those things that sounds way too good to be true, and so no one tries it. Well it's a shame to be them, because hundreds of people are making money every single day. The thing I like most about Forex Tracer is it's 60 day guarantee. If you don't like it, or it doesn't work after 2 months, you can still get a refund. Just offering the refund made me realize how legitimate
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 9
     
Review by
Richard
on 9 Aug 2010
Robot: FAP Turbo
I purchased FAP Turbo because I wanted to be able to leave my computer to do the trading while I enjoy a more active lifestyle. It took me a while to get used to the software, but once I had it up and running the automated trading experts made the right trades for me and last week I made over 30 pips in a day. I am postive this is the right move for me. I will give another update after a few months usage, but for now it gets a 7
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE | 84 words

Rating : 7
     
Review by
Guest
on 5 Aug 2010
Robot: FAP Turbo
I'm an experienced trader in the Forex market and have tried practically every system out there. Do any of them perform as well as the Forex Auto Pilot System? Not by a long-shot. I've been in the industry for 23 years, but the step-by-step success blue prints still taught me a thing or two. I would recommend this product to anybody who is serious about earning a substantial income online
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE | 90 words

Rating : 9
     
Review by
Guillaume T
on 4 Aug 2010
Robot: Forex Trading Machine
I have been trading the forex market for over 2 years now with my live account. I have tried many systems and I have created some of my own which have allowed me to quit my job and make a living out of forex trading. I have been using the Forex Trading Machine systems for a while now and it's unbelievable. I have never seen such a simple system(no indicators), yet it outperforms all the most advanced systems I have ever tried. I trade with 1.5 % risk per position on my live account and since I have been using the system I average 1.2% gain per day. The amazing part is that it works in every market conditions, trending or ranging
CLICK HERE - TO VISIT THE SITE AND FIND OUT MORE
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Rating : 7
     

 

 

 

Top 5 MetaTrader EAs (based on average rating)

       
1 FAP Turbo
Rating : 9 Reviews...
2 Forex Funnel Rating : 9 Reviews...
3 Automated Forex Grail Rating : 8 Reviews...
4 Forex Detector Rating : 8 Reviews...
5 Forex Boomerang Rating : 7 Reviews...
         

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What is a MetaTrader EA? - based on theforextrader.net guide

Automated or automatic forex can be defined as the ability to trade forex with the use of a trading program or Forex MetaTrader EA , without needing a human to physically trade a forex system. With forex, automated trading is an emerging field that began not that long ago.

There are 2 general categories of automated trading:

1. Automated trading through managed forex . Some, though not all, forex managed accounts are traded via automated forex. In either case, the trading is passive in that you don't have to do it. But in the case of automated forex, the trading program or MetaTrader EA executes the trades of their trading system, rather than a human team.

2. When you program your own or someone else's forex system into a program with programming and automatic trading abilities such as WealthLab , or other trading program. Wealth Lab required programming skills (the programming language used is similar to Pascal), while other programs just emerging that will allow you to select parameters and test your system performance.

Advantages of automatic forex trading systems (MetaTrader EA)

1. You do not have to physically trade the system.

2. Automated trading can take trades at anytime of the day or night. This is particularly important for systems where the performance is increased when taking a majority of trades in the system, which occurs in systems where trading opportunities occur at times when the person may be sleeping or otherwise cannot get to the computer. So being available for trading 24 hours a day, unlike a trader can, will the profitablility of these systems.

3. You can trade multiple systems , such as systems that rely on different types of indicators, or which trade shorter or longer time frames, in order to diversify risk, as well as to smoothen out your equity curve and reduce drawdown.

4. An automated system is unaffected by a trader's psychology , which can sometime cause a system to be not traded properly. If your trader discretion causes you to improve performance, then that is fine, but if it causes a worse performance than if you traded the system mechanically, then this is an issue that is overcome by automated forex.

5. Enables the development of new systems that may be difficult for a human to trade, such as systems with a high frequency of trades using tick data. Designing a system is no longer be limited by how practical or easy it is for a person to trade it.

These benefits of automated forex of course is based on the fact that:

• You have chosen a profitable forex system and has acceptable drawdown, as evidenced by historical performance.

• The forex system is not just mechanical, but is fully programmable .

• You are aware, with either active trading or automated trading, that you must monitor the performance to see that the system is still working as well as its past performance.

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About Forex Trading - based on babypips.com guide

The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or “FX” or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $2 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined!

Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).

There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market:

No commissions. No clearing fees, no exchange fees, no government fees, no brokerage fees. Brokers are compensated for their services through something called the bid-ask spread.

No middlemen. Spot currency trading eliminates the middlemen, and allows you to trade directly with the market responsible for the pricing on a particular currency pair.

No fixed lot size. In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5000 ounces. In spot Forex, you determine your own lot size. This allows traders to participate with accounts as small as $250 (although we explain later why a $250 account is a bad idea).

Low transaction costs. The retail transaction cost (the bid/ask spread) is typically less than 0.1 percent under normal market conditions. At larger dealers, the spread could be as low as .07 percent. Of course this depends on your leverage and all will be explained later.

A 24-hour market. There is no waiting for the opening bell - from Sunday evening to Friday afternoon EST, the Forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade--morning, noon or night.

No one can corner the market. The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time.

Leverage. In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. For example, Forex brokers offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on. But leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

High Liquidity. Because the Forex Market is so enormous, it is also extremely liquid. This means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will. You are never "stuck" in a trade. You can even set your online trading platform to automatically close your position at your desired profit level (a limit order), and/or close a trade if a trade is going against you (a stop loss order).

Free “Demo” Accounts, News, Charts, and Analysis. Most online Forex brokers offer 'demo' accounts to practice trading, along with breaking Forex news and charting services. All free! These are very valuable resources for “poor” and SMART traders who would like to hone their trading skills with 'play' money before opening a live trading account and risking real money.

“Mini” and “Micro” Trading. You would think that getting started as a currency trader would cost a ton of money. The fact is, compared to trading stocks, options or futures, it doesn't. Online Forex brokers offer "mini" and “micro” trading accounts, some with a minimum account deposit of $300 or less. Now we're not saying you should open an account with the bare minimum but it does makes Forex much more accessible to the average (poorer) individual who doesn't have a lot of start-up trading capital.

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MetaTrader EA News

FAP Turbo takes the Forex World by storm, no other Robot is as popular. Click here

Forex MegaDroid is a revolution in EAs, find out why here...

The Forex Funnel has taken the top spot and the site has been Updated with Video proof see here..

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