Expert Advisors

Each Forex Expert Advisor in forward test at MellyForex is set up to trade on its own MetaTrader MT4 $5,000 demo Forex trading account and left to trade 24/5, generally taking its trades using the default or recommended settings for each suggested currency symbol.

Some Expert Advisors will be operating on multiple currency symbols, whereas others will only be operating on one symbol, and you'll need to link to the blog entry for each Expert Advisor to find out exactly which symbols are running and also to learn about the settings are being used, including the details of any adjustments to the standard settings that might have been made.

The table below updates its results every few minutes to show the best MetaTrader MT4 Forex Expert Advisor in test. You can click any of the title headers to order the results how you prefer.

Robot Days Weekly Trades Win Rate Profit Factor Monthly Return Risk Factor Relative D/down Monthly Pips Safety Factor
 
Forex Earth Robot 142 9.22 79.5% 3.40 9.17% 1.14 5.17% 184.58 3.32
Yen Drive 732 72.13 62.8% 1.07 5.36% 1.58 42.36% 1061.71 1.76
Forex Scalpino 363 4.11 92.5% 1.70 4.59% 7.24 29.63% 26.60 0.85
ZenX EA 338 2.15 52.0% 2.16 3.59% 0.50 8.65% 26.93 0.19
Forex Shocker 1275 27.15 87.2% 1.09 2.39% 6.29 53.57% 52.91 3.58
Volatility Factor 745 14.61 73.9% 1.10 2.01% 2.57 57.25% 220.40 0.14
Morpheus OddBot 1091 4.98 77.3% 1.23 1.08% 2.77 16.00% 57.74 4.30
Forex Combo 1029 9.87 58.1% 1.02 0.68% 1.36 52.18% 91.45 1.28
iProfit HFT 137 9.15 58.1% 1.15 0.60% 1.21 2.94% 37.52 2.81
Forex Cleaner 723 3.30 71.6% 1.10 0.52% 2.29 14.23% 45.38 1.48
Crescendo 1180 6.83 71.4% 1.20 0.32% 2.09 16.29% 194.20 0.45
Primeval 799 22.38 72.7% 1.05 0.30% 2.54 20.88% 18.06 1.60
Forex GTO 211 33.01 66.3% 1.19 0.23% 1.65 1.48% 22.69 3.46
CabEX 492 1.32 46.7% 1.03 0.16% 0.85 14.15% 17.07 0.20
Forex Growth Bot 1096 11.85 35.9% 1.00 0.07% 0.56 52.20% 6.73 0.15
Forex Real Profit 706 6.95 62.6% 1.01 0.05% 1.65 11.99% 39.25 0.09
Forex Gale 39 242.31 58.3% 0.82 -76.45% 1.71 98.58% -2611.00 -12.13
Primus Alpha 19 4.79 69.2% 0.70 -6.36% 3.20 11.97% 0.80 -0.52
Forex Grid Trader 297 25.62 66.2% 0.87 -6.26% 2.27 87.77% -310.56 -2.82
Orange Forex Robot 514 73.27 89.8% 0.77 -4.89% 11.32 83.99% -302.79 -4.95
FX SEER 151 2.60 67.9% 0.66 -4.80% 3.19 49.03% -20.30 -0.51
Forex Thor 2 467 3.22 32.6% 0.48 -4.38% 1.01 71.64% 3.07 -0.86
FX Speed Trader 576 27.44 40.5% 0.45 -3.95% 1.51 74.91% -30.94 -2.61
Forex Spectre 288 1.12 48.9% 0.62 -3.95% 1.55 35.94% -63.21 -0.70
Forex OverDrive 353 3.87 86.2% 0.36 -3.89% 17.41 47.21% -346.19 -0.66
Forex Megabot 115 0.61 60.0% 0.24 -2.98% 6.13 14.45% -10.18 -0.19
Forex Cash Protector 85 0.07 60.0% 0.18 -2.89% 8.20 9.89% -40.11 -0.41
MetaPRO Forex 847 4.49 34.4% 0.81 -2.30% 0.65 64.66% -118.41 -1.60
FxPromax 256 1.75 87.5% 0.51 -2.23% 13.62 23.73% -46.58 -0.47
Happy Forex 29 7.48 12.9% 0.02 -104.81% 6.47 99.93% -10528.26 -130.11
Money Printer 29 195.03 71.9% 0.68 -104.71% 3.78 100.26% -4001.26 -108.31
Forex Morning Trade 817 3.23 57.3% 0.77 -1.79% 1.75 49.78% -44.97 -1.30
TradeVader 736 10.75 55.1% 0.79 -1.57% 1.56 40.64% 17.57 -2.34
Black Belt EA 678 10.64 36.7% 0.86 -1.15% 0.68 39.95% -36.80 -1.68
Forex Hippo 849 12.06 78.9% 0.97 -1.12% 3.86 61.86% 30.08 -1.42
Forex Avatar 404 7.23 76.0% 0.95 -1.11% 3.35 53.90% 8.59 -0.60
Fast Forex Millions 113 15.86 35.5% 0.96 -1.04% 0.57 20.47% 49.04 -0.65
Omega Trend EA 315 5.27 46.4% 0.92 -1.02% 0.94 32.18% -24.41 -0.65
Forex Trend Hunter 996 3.61 34.8% 0.94 -0.95% 0.57 62.67% 57.88 -0.80
Forex Pips Bag 562 1.78 28.7% 0.80 -0.83% 0.50 25.76% -33.69 -0.59
Ray Scalper 284 3.11 63.5% 0.77 -0.72% 2.27 6.68% -59.21 -1.31
PhiBase PRO 171 2.33 54.4% 0.78 -0.49% 1.52 11.61% -55.62 -0.28
PipRider 535 5.98 72.2% 0.96 -0.45% 2.72 25.53% 2.09 -0.64
Forex Thor 578 2.69 42.3% 0.96 -0.43% 0.76 55.06% 19.94 -0.22
Morpheus TopBot 827 2.67 66.0% 0.86 -0.38% 2.27 39.26% 7.81 -0.34
Forex WindFall 993 4.55 74.4% 0.93 -0.33% 3.13 26.59% 25.04 -0.70
PipJet 297 0.73 80.6% 0.30 -0.26% 13.70 3.61% -8.58 -0.20
FxPowerCube 703 1.15 77.4% 0.90 -0.22% 3.79 14.42% -3.31 -0.29
Joker EA 225 7.53 62.4% 0.95 -0.22% 1.74 10.54% -6.02 -0.37
Steady Winner 1031 2.53 66.5% 0.97 -0.05% 2.05 9.37% 22.94 -0.25
Wall Street Forex 1163 12.34 70.3% 1.00 -0.04% 2.38 25.80% 3.42 -0.18
ParaSwing 1084 1.86 57.6% 0.98 -0.02% 1.39 14.40% 8.73 -0.06
IamFX Forex broker

Profit Factor

This is the sum of all the wins divided by the sum of all the losses. The higher the Profit Factor is, the better. A Profit Factor less than 1 means that the robot is loss-making! Please note that the Profit Factor is based upon closed trades, and won't reflect the effect of any open trades.

Monthly Return

This is the projected average linear monthly percentage return on initial investment. It does not allow for any compounding effects and is based upon the account equity which includes for the effect of any open trades.

Risk Factor

Also known as risk-reward ratio, the Risk Factor is the monetary amount of the average losing trade divided by the amount of the average winning trade. Robots with high risk-reward ratios might not experience many losing trades but, when losses occur, they often wipe out weeks or months of gains.

RDD

This statistic represents the percentage amount of the account that was lost during the worst lean spell. The lower the drawdown is, the better. Note that drawdown calculations are based on closed trades and do not reflect the possible current drawdown of any open trades.

Monthly Pips

The average number of pips won or lost in month which updates constantly to include any open trades which won't always be clear in a conventional MetaTrader report. Robots can win in monetary terms, but may be loss making in terms of pips. These robots often use a form of gambling such as Martingale to recover losses.

Safety Factor

The Safety Factor is a unique algorithm which weights results to compensate for the imbalances of robots which haven't been in test for very long or which haven't made many trades. A negative Safety Factor means that the EA is loss making. Safety Factors only appear once EAs have been in test for two or more weeks.