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Updated: Oct 21, 2019
3.973 · 6 REVIEWS
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The SmartAlgoTrade MT4 EA is a forex expert advisor. The Smart Algo Trade,automated forex trading software for the MetaTrader platform places trades for you. The forex robot is not a martingale, not curve fit.

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3.973 · 6 REVIEWS
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Consumer Reviews

Kathu, South Africa,
Oct 17, 2019,

Very good

Service use: Live

Length of use: 0-3 Months

Firdt off dont be a cheapo. Deposit at least 5000. Run the bot on 6 pairs at default settings. I tweeked the settings and restarted the bot a few times, needless to say it almost blew my account. If its not broken dont screw with it. It wont see and manage the already open trades if you restart the bot. So use a vpn and 2days before nfp switch new trades off and close manual last open trades on the friday to safeguard losses. Very good bot
Klerksdorp, South Africa,
Jul 2, 2019,
Registered user

I have tried many Ea's, this is just another one that is a maybe....

Service use: Live

Length of use: 3-6 Months

I have tried so many over so many years. Over and over and over. 13 years of experience. This is another one over promising and under delivering. After 3 months my (recommended deposit) of $ 250 now turned into a balance of $ 306. Thank you.
BUT my open trades are = $89.32. So what if I die tomorrow?
Well, I am worse off. After 3 months that is a NEGATIVE return. In other words, a loss! Forget it.
That is what I have seen over and over. Most of this kind of "hedging" EA's die eventually. Buried under open trades........
United Kingdom,
Nov 15, 2018,
Registered user

I first signed up to the smart algo trade bot in June 2018 on a demo account. After a few months of observing the bot and very impressive and consistant returns, I decided to invest my own capital. I started with £500 and have already doubled my initial investment jus 2 months later. I must stress the importance of not altering lot sizes and to just keep the settings at default, and to start with 2 or 3 currency pairs in order to properly manage risk... It is the consistancy that creates the great return rate, not large single trades. Don't get greedy and add currency pairs accordingly with your balance size and it will be a fantastic (life changing) money maker! Would highly recommend! If skeptical run it on a demo account. And see for yourself
Haarlem, Netherlands,
Nov 17, 2017,
Registered user

See your capital grow month after month ....

I have been trading with SmartAlgoTrade since a bit more then 2 years and I have to say that this is the only true profitable EA robot I know. You can leave this robot trading on the standard settings on autopilot and you will see your capital grow month after month ! I am very happy with SmartAlgoTrade !
Pragh, Czech Republic,
Oct 31, 2017,
Registered user

SmartAlgoTrade - You are changing people's lifes

I have been using the robot from January 2017 and already doubled my Real account that I started with 5K. Well done guys I really like your robot and I doubt that there are no other robots out there to compare with SmartAlgoTrade. Thank you SmartAlgoTrade - You are changing people's lifes
Durban , South Africa,
Sep 14, 2017,
Registered user

smart algo trade best EA

I'm impressed with smart algo robotics..... if you use default settings it functions perfectly and it been making profits and also protecting my margin..... I had lost some money before when I tempered with the default settings...... it functions perfectly on VPS and you shouldn't open your own trades on a small equity and let it do it job on it's own..... functions safely on 3 pairs in a $250 equity but I had been running on a $160 equity on 4 pairs after I have made some losses trading myself and it slowly recovering my losses perfectly. BEST EA on a small equity. Use Amazon free year VPS and won't regret
South Africa,
Aug 12, 2017,
Registered user


I have installed their robot about two weeks ago and I lost about $2100 while I taking a shower when their robot failed to stop my trades when the market reversed and went bearish; it didn't even take sell positions as the market went down. I have notified them and sent them pictures, but they have been useless.