IC Markets is one of the most popular forex brokers in existence, known for its scalable execution and competitive pricing. It supports an impressive number of third party tools and plugins which is why it is preferred by most forex robot users. Unfortunately, not all forex robots are compatible with this very popular broker. For this reason, we’ve decided to compile some of the best forex robot reviews for traders who already have accounts with IC Markets.
1. Wall Street Forex Robot 3.0 Domination
Wall Street Forex Robot 3.0 Domination is a scalping forex robot that comes with features such as all session trading, position opening and MetaTrader indicators. Additionally, it has something called “retry loops” for opening and closing orders. This denotes a certain degree of experience in this market, along with the additional use of DLL programming, a rarity in EAs these days. It is fully compatible with NFA and FIFO with no hedging problems. It is compatible with IC Markets and all MT4 and MT5 brokers including ECN.
2. Easy Walker FX
Easy Walker FX is described as a night multi-pair scalper that specialises in trading the Asian session period during the market’s minimal activity. It ensures that it doesn’t use martingale in its trading strategy. The EA comes with an unconditional 30-Day money-back guarantee. It trades with the EUR/USD, EUR/GBP, GBP/CHF and GBP/USD on the M15 timeframe. Apart from IC Markets, Easy Walker FX is also compatible with Alpari and FXOpen.
3. Forex Combo System
Forex Combo System is a collection of 4 subsystems that work in tandem to get the results it claims. It is very easy-to-use, aimed at novices. While the expert advisor is compatible with all brokers and account types, it has generated the best results with IC Markets, Alpari and Tickmill. It comes with a 60-day money-back guarantee provided by the EA vendor. It trades the EUR/USD, GBP/USD, EUR/AUD and EUR/CAD on the M15 timeframe.
4. Gold Scalper Pro
Gold Scalper Pro is a forex robot that employs a classical trading strategy. This involves using reasonable stop loss levels and a tried and tested entry and exit logic. It does not use any grid or martingale strategies, instead of relying on a money management ATR based algorithm. The main strategy is to enter a distinctive market impulse direction and follow the correction. It works exclusively with the XAU/USD pair on the m15 timeframe.
5. Forex Real Profit
Forex Real Profit EA mostly works on the Asian session but also trades throughout the day via multiple different TP and SL targets. It trades 11 popular currency pairs on the M15 timeframe. By using a unique filter to wipe out potentially dangerous conditions, it ensures a high-profit margin. It is NFA compliant and comes with a 30-day refund policy.
6. Omega Trend EA
Omega Trend EA is a forex robot that uses a market volatility detection system. It works by determining two trend lines based on the volatility background, allowing it to detect emerging opportunities on basis of the market movements in all directions. As it provides two trend lines with two different strategies, it is up to the user to choose according to their risk profile and objectives. To increase stability and security, the forex robot implements a strict money management system and a position protection system.
7. RayBOT
RayBOT is a non-martingale forex robot that relies on price swings between Support / Resistance levels for trading. The EA can trade 5 to 10 times a week on each of the following currency pairs – EUR/USD, AUD/USD, and USD/CAD. It trades on the M15 timeframe and is compatible with a host of brokers. It supports all account types but using an ECN account is recommended.
Conclusion
Forex robots or expert advisors have come as a blessing for novice and expert forex traders. When used well, forex robots can be the difference between consistent profits and an empty trading account. However, this depends on how well the trader knows about EAs while selecting them. The above list contains several forex robots that can easily be integrated with IC Markets for a favourable and enjoyable trading experience.
