Compare the Top Free Forex Robots as of May 2026

What are Free Forex Robots?

Forex robots, also known as expert advisors (EA) or forex trading bots, are a type of software that will automatically trade forex with the goal of automating forex trading and earning. Forex robots can be programmed to follow different strategies in order to execute the best trades and automate the process of profitable forex trading. Compare and read user reviews of the best Free Forex Robots currently available using the table below. This list is updated regularly.

  • 1
    Position Sizer
    Position Sizer is a trading panel expert advisor that lets you calculate the position size for your trades based on your risk tolerance, stop-loss, and the trading instrument you are working with. You can execute trades using the panel's interface and keyboard shortcuts. Version of Position Sizer are available for MetaTrader 4 and MetaTrader 5. It also offer multiple additional features, such as margin calculation, swap calculation, risk calculation, breakeven, and trailing stop. There are multiple customization options to configure the calculator according to your trading strategy and the conditions imposed by your broker (or your prop firm). Position Sizer's panel preserves your settings through change of timeframe or currency pair and turning the platform on/off.
    Starting Price: $0
  • 2
    FX Synergy

    FX Synergy

    FX Synergy

    FX Synergy is the ultimate trade management solution for MT4. Designed by professional traders looking for a better way to manage their trades using the MetaTrader platform. FX Synergy has all the functionality you need to successfully execute and manage your trades, without all the usual hassles. FX Synergy is packed with powerful and unique features, and is designed from the ground up to be quick and easy to use. FX Synergy is one of a kind. No fiddling with different broker panels and losing time. FX Synergy is definately for any serious Forex trader. The interface is extremely user friendly and took me literally 10 minutes to get to grips with. I highly recommend FX Synergy to anyone. FX Synergy has been a revolution for me. It allows me to control my trades in a way that was not possible before. It allows me to execute decisions that I make within seconds. FX Synergy just makes things easier, and is something I do not want to part from.
    Starting Price: $37 per month
  • 3
    EA Builder

    EA Builder

    EA Builder

    The best thing about EA Builder is that the work is pretty much done in a few clicks. Turn your trading idea into an automated system within minutes, without hiring a programmer and without knowing anything about programming. Even professional programmers appreciate the benefits of creating indicators and strategies with a few short clicks. You can create strategies to trade any financial instrument available on any of the three most popular trading platforms: MetaTrader 4, MetaTrader 5 and TradeStation. Start creating your first strategies or indicators within minutes! No manuals to study. Nothing to install, because it's a web-based application. Creation is pretty straightforward, and every feature has a popup-tip that guides you with a short explanation, so you never get lost! Audible alerts, email alerts, print to output window, and so on, are convenient ways to get notified that trades have been executed or new indicator arrows have shown up.
    Starting Price: $97 one-time payment
  • 4
    Auto Recovery EA
    MetaTrader hedging expert advisor that can hedge an opened trade, therefore: ✓ prevent losses by placing a hedge order rather than a StopLoss ✓ close opposite orders at profit BreakEven (or any other amount) ✓ terminate losing trades and trail the winning trades on the chart RobotFX Auto Recovery is a Metatrader expert advisor designed to recover the loss of a losing trade by opening an opposite trade, or more, if it’s the case. If you are familiar with, this is one of the trade management part of the RobotFX Fluid EA, with less features (basically the HedgeZone). A very simple but effective way to hedge a losing trade so it will close in profit, at least at break-even. The automatic loss recovery algorithm used by this MT4 recovery zone EA is far better than using a stoploss and incomparable to a martingale trading strategy. This MT4 EA has been inspired by Joseph Nemeth's "zone recovery" trading strategy.
    Starting Price: 114
  • 5
    Forex Copier

    Forex Copier

    Forex Copier

    Forex Copier is a robust trade copying software designed to facilitate seamless duplication of trades across MetaTrader and cTrader platforms. It supports copying between any MT4, MT5, and cTrader accounts, enabling cross-platform trading. The software features a user-friendly interface, allowing for quick setup and efficient management of multiple accounts. Key functionalities include custom lot/risk management, price adjustments, and stop loss/take profit settings, providing traders with control over their trading strategies. Forex Copier also offers advanced symbol adjustment, ensuring compatibility between different brokers and account types. The software is compatible with both demo and live accounts and supports various order types, including market and pending orders. Additionally, it includes a reverse mode feature, enabling the copying of opposite trades from a source account.
    Starting Price: $242.92 one-time payment
  • 6
    EA Pros

    EA Pros

    EA Pros

    The idea of our service is to develop this system and always offer free Forex Robot. Check EA Pros results from tester MT4, you can get our Forex Robot for free! Free Forex Robots are automated software programs that generate trading signals. Most of these robots are built with using the MQL scripting language, which lets traders place orders and manage trades. Free Forex Robot is software with the built-in algorithm. Most of the time, people trading are severely influenced by their emotions and speculate based on hunches. This is one of the benefits derived from using a Free Forex Robot against manual trading because the system makes decisions based on data, statistics or trends. Please open a standard account via our link with one of the partners. EA Pros version X5 are TF M5, Best Pairs Eur/Usd, Gbp/Usd, Usd/Cad, Usd/Chf, Eur/Gbp, Eur/Cad.
  • 7
    V-Power Day Trading System

    V-Power Day Trading System

    Perfect Trend System

    You can use the V-Power system for day trading and longer-term trading. And one additional benefit of the V-Power system is that you will be able to trade this concept even besides a normal day job and when you have only limited time for the charts! The automation possibilities of the V-Power system makes it possible for you. With the V-Power System you will be able to enter extremely early into the next 3-day-cycle with a very high probability of success! During the sideward accumulation phase the smart money actively accumulates its long position. The price is not allowed to drop anymore. The smart money absorbs all incoming short orders from the herd. This accumulation is a covered operation from the smart money. You can dramatically boost the profitability of the V-Power day trading system if you select only those setups which are in direction of an edge of the bigger picture!
  • 8
    Signal2Forex

    Signal2Forex

    Signal2Forex

    It uses currency pairs correlation strategy, reducing risks by using multi currency trading. Fully automated EA trades on 14 currency pairs with 28 robots on 28 charts with small lots to reduce risks. Minimum deposit is $800 for standard account or 800 cents ($8) for micro account if use all 14 pairs. Trading will be with $0.01 lots or such amount of deposit. If you have standard account, you can use smaller deposit, but quantity of robots needs to be reduced according to deposit (look for the table). Profit up to 300% monthly in depending on market activity. Maximum floating DD no more 25%.
    Starting Price: $219
  • 9
    News EA

    News EA

    RobotFX

    This Metatrader News trading expert advisor that can trade the forex news using a one-cancels-others (OCO) approach, and trail the price of the winning trades. News (oco) main functions: Places a defined number of opposite pending orders below (short) and above (long) the price, just before the news release. Deletes the opposite orders as soon as the price hits a pending order (oco means one cancels others). Places stop-loss, take-profit, trail, break-even etc. The News expert advisor was designed to trade news events in an OCO approach. OCO stands for one cancels other and refers to the EA’s ability to close a pending order (or more) once the price triggers an opposite pending order. This is an important feature in news trading. Traders trading the news usually place two pending orders right before an important news event - that is the most known and profitable way to trade forex news - a buy-stop and a sell-stop.
    Starting Price: $49
  • 10
    Heiken Ashi EA
    Metatrader Heiken Ashi expert advisor can trade with the trend and enter/exit trades based on the Heiken Ashi indicator, also trail the price of the winning trades by pips, percentage, ATR, MA, PSAR, Heiken Ashi, chandelier. Heiken Ashi main functions Detect the trend using the RobotFX Heiken Ashi indicator on multi-timeframe (trend detector can be disabled). Follow the Heiken Ashi trading strategy and Open/Close trades based on the Heiken Ashi indicator color change. Trail the winning trades using various methods, such as the Heiken Ashi candles, moving average indicator, PSAR, ATR, fractals indicators. Manage opened trades by placing StopLoss, TakeProfit, TrailingStop, BreakEven etc. This RobotFX Heiken Ashi strategy is an all-in-one Heiken Ashi trading solution for traders trading with the trend, so we can safely say that this Heiken Ashi strategy is a trend trading strategy.
    Starting Price: $279
  • 11
    Renko EA

    Renko EA

    RobotFX

    Renko Expert Advisors is a set of two Metatrader expert advisors designed to (Renko Chart EA) build renko charts and (Renko Trader EA) trade on these renko brick charts. Renko EAs main functions Create offline Renko charts with custom (M) names, such as M2, M3, M4 (but not the default M1, M5, M15, M30). Continuously update these Renko charts so the trader can trade manually or attach an expert advisor that trades automatically. Trade with the (PSAR) trend, open/close trades based on Renko brick color. The Renko Charts EA is a MetaTrader expert advisor that allows the creation and use of the Renko bars charts in Metatrader. As an experienced trader you probably know that the MT4 doesn’t have Renko bars, its defaults being candlesticks, lines and bar charts. The Renko Trader EA is a Metatrader expert advisor that can trade Renko bricks. This EA has a trend detector and can be instructed to buy only in uptrend, or sell in downtrend.
    Starting Price: $98
  • 12
    Golduxe EA

    Golduxe EA

    Golduxe

    The Gold Standard of Trading Systems. Embrace the future of trading with the Leading Gold Trading Expert Advisor (EA). Use a Razor Sharp Algorithm to take your trading potential to a new level.
    Starting Price: $299
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