Forex Robots

We invite you to share your experiences, so as to help other users make better and more well informed choices. Please add your review or any other information you would like to share about Smart Algo Trade. Thank you.

I believe this is an MLM Network with no substance.

This robot destroyed my account within two days. It opened multiple trades without stop losses, buying at poor levels and selling at unfavourable prices. Support only asked for reports and advised against manual intervention. Following their advice would have wiped out my account.

I have been impressed with this forex robot since I started using it six months ago. It analyses the forex market intelligently and places trades automatically. The consistent trading performance has made it an excellent support tool for my investments.

Richights wrote: I believe this is an MLM Network with no substance.

Hi Richights, thanks for sharing your view. To clarify: Smart Algo Trade is not an MLM. We are a small software company that develops MT4 Expert Advisors, mainly the Double FX Robot. There is no recruitment structure and nothing to pay to join.

How the free offer works: partner brokers pay us for referring new clients, and that covers a one-year robot license for the trader. Traders who prefer their own broker can buy a license directly. We also have an optional affiliate program for people who want to refer others, which is common in this industry, but it is not required in order to use the robot.

If you have a specific question, we are happy to answer it here or at support@smartalgotrade.com

Smart Algo Trade team

Brated1944 wrote: This robot destroyed my account within two days. It opened multiple trades without stop losses, buying at poor levels and selling at unfavourable prices. Support only asked for reports and advised against manual intervention. Following their advice would have wiped out my account.

Hi Brated1944, we're sorry to hear about your experience. Losing money is never easy, and we take reports like this seriously.

We'd like to look into what happened on your account. Please email support@smartalgotrade.com with your MT4 account number and the dates of the trades, and we will review the trade history and the robot settings with you.

For anyone reading: like any Expert Advisor, the robot's risk depends heavily on its settings (lot size relative to account balance) and on account conditions. We always recommend testing on a demo or small account first, and only trading money you can afford to lose.

Smart Algo Trade team

I tried Smart Algo Trade mainly because of their Double FX Robot. The setup on MetaTrader was quite simple and didn’t take long. After installing it, the robot handled trades automatically, which saved me from constantly watching charts. So far, it has been easy to use and stable on my setup. I also liked getting access through their partner broker offer instead of buying the software immediately. Forex trading always carries risk, so I started carefully. Based on my own experience so far, the system has been convenient and straightforward to use.

Brated1944 wrote: Support only asked for reports and advised against manual intervention.

Hi Brated1944, a short follow-up on the point about manual intervention.

We recommend letting the robot manage its trades without interference. The algorithm treats each open position as part of the overall strategy, so closing or changing a trade by hand changes the conditions it relies on for its next decisions. This is the whole idea behind an Expert Advisor: a tested algorithm runs consistently, without emotional decisions in the middle of a trading cycle. That is also why our support asked for account reports first - we need the full picture before suggesting any change.

Our offer still stands: please email support@smartalgotrade.com with your MT4 account number and trade dates, and we will review it with you.

Smart Algo Trade team