Day trading strategy simply means buying and selling a security within the same day, that is a day trader cannot hold any open trading position for the next day.
Day trading strategies include scalping, fading, daily pivots, and momentum trading, in all of which several trades can be carried out within a day but all the trading positions should liquidate before the market closure as the longer a position is on hold, the higher the risk of losing it could yield. Depending on the trading style type, the price target may change. Below are reviews of some automated Forex robots using day trading strategies in their algorithms coded and refined by expert Forex developers and proved to be profitable and most safe:
The King Robot is a high-growth scalper with no grid, and as its developers ensure, the EA can get 10% to 100% profit per month with a high frequency of trades.
Power Growth Trader is a scalper EA with an intelligent money management system.
Based on predefined gold scalping strategy rules, the SuperGold trading robot automatically executes trades on the MetaTrader platform, using a proprietary trading algorithm.
Investing in intraday seasonal volatility patterns driven by news events is the goal of News Catcher PRO, which is a sophisticated mean-reversion trading strategy.
News Catcher PRO does not use martingale or grid by default (optional grid is available).
Night Hunter PRO v6.56
Night Hunter PRO utilizes smart entry/exit algorithms to identify only the safest entry points during calm periods of the
market.
Evening Scalper PRO v2.51
Evening Scalper PRO uses an original & compelling trading logic on cross pairs that have a solid mean-reverting tendency with high-profit targets (unlike most night scalpers).
GOLDUXE mainly applies intraday trading strategy, it opens and closes trades within the same day, exploiting the daily volatility of gold prices. It does not use martingale-style trading.
Happy Market Hours v2.3
Forex Enigma v1.2
Forex Enigma is a 3x innovative trading strategy in one algorithm (Scalp, Trend, and Half Grid) with a News Filter which greatly improves the efficiency of trade.
Wave Scalper is based on Elliot Wave theory.
Stealth Trader is a low drawdown system, meaning it's designed to trade with very little loss while maximizing profits using NO martingale and NO grid strategy whatsoever. There will be opportunities to profit almost EVERY SINGLE DAY.
Quick Scalp Trader identifies the trend with optimized moving averages, then determines an entry based on fractals and candlestick movement.
Grid Master PRO v1.4
Strictly ruled grid-based trading technique with safety "high frequency" scalping element.
WallStreet Forex Robot 3.0 Domination is a scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators that are shipped with Metatrader are involved creatively, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA, this seems to be entirely thread-safe.
Gold Scalper PRO v1.3
Gold Scalper PRO is not a grid, martingale, or using any other risky strategies, it just employs a classical trading strategy by a textbook using reasonable Stop Loss levels and a prosperous entry and exit trading logic beside an optional money management ATR based algorithm.
DAX Day Trader is a Forex day trading volatility system.
DynaScalp is a Beginner friendly 100% Automated Super Scalper EA with News filter, No Grid, and No Martingale that closes trades on the same day.
Gold Trader runs completely automated and manages the GOLD investment by capitalizing on the volatility movements of GOLD.
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