Forex Robots: enjoy Algorithmic Trading Software

forex promotes only robots and trading software which are verified by third parties


The main sites verifying trading the performance of the trading robots and software are MyFXbook, FxBlue and MT4Live.

In particular MyFxBook performs two verifications: one to determine if the performance are truthful, and one to determine the trader identity, this last check to make sure that the trader is not using the Metatrader credentials of another trader.


First check: verification of the trading data

The track record is verified after comparing the trading details provided by the trader with the data coming directly from the broker; this is done through the use of a specific password.

As performance can be easily manipulated with MetaTrader accounts, this verification system automatically checks the trading record and eliminates any discrepancies, restoring missing data and recalculating the performance.

This check is performed by MyFxBook using the MetaTrader investor read-only password supplied to MyFxBook by the trader, which results in MyFxBook system connecting directly to the broker several times a day to verify the trading results.

Second check: verification of the trader identity

Trading privileges are verified when the trader opens a pending order with a key provided by Myfxbook or the investor password is changed to a password provided by Myfxbook .

The purpose of this check is to prevent users from publishing trading activity under an identity which is not their own identity.

This check is performed by using another investor’s password.

In few words, this second verification step ensures that the declared trader is actively trading the account and not using someone else’s password.

Fx Blue

Similarly, the site Fx Blue says “You need to register with FX Blue Live. You then either download and install a publisher app for your trading platform, or – for MT4 or cTrader – you can set up account sync where we collect your trading results from the broker.” and “We are not prepared to publish results on the site which might be entirely fictitious.”


The site MT4Live main focus is to “Share Your MT4 Statements Live with Your Friends and Customers, so we can determine that only truthful results coming from actual statements are shared.”

Following these principles, selects the best performing Forex robots and trading software.