A computer program based on a set of forex trading signals that helps determine whether to buy or sell a currency pair at any one time. Forex robots are designed to remove the psychological element of trading, which can be detrimental.

Forex trading robots are a class of forex trading software that can execute trades without human intervention given the permission of the user. A forex robot initiates and manages positions based on an algorithm or a trading strategy that the trader has chosen to use in the forex market. Forex robots are one way that forex traders can avoid having their emotions interfere with their trading strategy.