5 Forex Robots that Work Best With 1:100 Leverage

Leverage is a term that you will frequently find while trading forex or any other commodity. It is a tool that increases the purchasing power of the trader’s deposit.

The mechanism is funded by the broker, or rather the liquidity provider working with the broker. The higher the leverage is, the more funds we can invest in trading, the less money is required for the trade margin and therefore, the less is the trade cost. But leverage is also a double-edged sword, as higher leverage rates can also create high risk.

The majority of Forex EAs use high leverage rates to earn profits within a short period of time. But this also brings with it, the risk of an account being blown out. For those traders who want to use EAs but do not want the risk to be stretched too much, there are several low-risk forex EAs available. The following is a list of fx expert advisors that work with 1:100 leverage.

1. Yeti Forex Robot

Yeti Forex Robot is an expert advisor capable of generating a 10% monthly profit. It works with the EUR/USD currency pair in the H4 timeframe.  This guarantees long-term profit and independence from any broker. As a middle-term forex advisor, it works best with $500 as minimum deposit. It has an in-built high spread protection system, which protects you from surprising losses at moments of very high market volatility. Another salient feature is the broker protection system. It is capable of operating with any NFA-regulated broker.

1. Forex Megadroid

Forex Megadroid is a forex expert advisor that uses reverse correlated time and price analysis. It trades EURUSD, GBPUSD currency pairs on M30 timeframe. It is one of the very few EAs that uses this technique, with the ability to forecast market trends changes that can happen in the next 2-4 hours. A salient feature of this forex robot is “market adapting intelligence” which allows the EA to adapt to the changing trends of the market and can make itself updated.

1. Fortnite

Fortnite is a forex EA that uses a combination of Trend/Hedge with the High/Middle/Low-Risk Setting. This MT4 compatible broker uses selected hedge/trend following strategies in an attempt to achieve superior risk-adjusted returns. This approach is also known as the lookback straddle approach which takes advantage of high levels of volatility in the market.

1. iProfit Forex Robot

iProfit Forex Robot is one of the most profitable solutions when it comes to EAs, gaining over +8000 pips consistently since its inception. This MT4 is compatible EA trades with EUR/USD, EUR/JPY, XAU/USD, GBP/USD, and AUDUSD currency pairs.  It employs a self-contained neural network system which allows it to dynamically adapt to the most recent price action and update the predicted high/low values every hour.

1. FXSecret Immortal

FXSecret Immortal is a forex EA that uses a combination of three different strategies to achieve high profitability. It allows users to change accounts within MT4 and MT5 terminals an unlimited number of times. According to the developers, the EA is capable of producing a yield per annum of 7900% with a maximum drawdown per annum of 11.39%. Analysts have said that its trading strategy is similar to a combination of trend trading and hedging.

Conclusion

There are several EAs that can offer high leverage rates compared to others. But simply going for high leverage rates is not enough as it also increases the amount of risk. Going for EAs which support leverages of 1:100 or less is a much better choice, especially for novice traders who do not want to sacrifice their initial deposit by using a speculative alternative.