MQL5 Automated Trading Robots - Forex Expert Advisor Automated Trading Strategies
MQL5 automated algorithmic trading robots code base is the Forex EA MQL5 Expert Advisor forum for automated trading strategies - Automated EAs or Expert Advisor Forex Robots. Expert Advisor Forex EA Robots is a popular topic - the challenge is how to find a the best Expert Advisor Forex EA. This is where MQL5 Forex Expert Advisor Market comes in: hosted by MetaQuotes Software Corp. , The Developers of MetaTrader Platform - to get the best Forex EA one Should join this Forex EA code-base.
A Library of Robots and Forex EA Automated Trading Strategies
Best Forex EA Forum - Automated Systems Expert Advisor: www.mql5.com/en/market
For a new beginner wanting to know what is automated forex trading, the place to start at is at the official MQL5 Expert Advisor codebase that is hosted by Meta Quotes Software Corporation the makers of MT4 Trading Software.
Get Free EA for MetaTrader 4 as Well as Paid Forex Expert Advisors
About Automated Bots Forex Expert Advisor Robots
You can go to the Forex EA MQL5 forex Expert Advisor forum and learn how to automate online forex trading & write a Forex Expert Advisor. But because most online traders might not want to learn a coding language or take on the task of building automated Forex EAs and may want to use their time for trading currencies, for those who do not want to learn coding they can directly access the Forex EAs listed on this market: where coders using Expert Advisor Forex EAs that are profitable sell their automated trading robots, other traders can then buy from them or order an Expert Advisor to be coded for them from this codebase.
This Forex EA codebase is also a good place for experienced forex currency traders, it allows those who can demonstrate that they have a profitable Forex trading robot to get additional earnings by selling their Expert Advisor Forex Expert Advisors, these are also made available directly From the MT4 platform software, where potential buyers of Expert Advisor Forex Robots can access these Forex Expert Advisors. The screenshot below shows how an automated forex trader can access these MT4 automated trading EAs on their trading platform.
Access Automated Forex Programs From the MT4 Automated Platform
EA Library - For Traders Wanting to Automate Forex Trading
From the above screenshot a trader online can access the Forex EA Codebase Market directly from their MT4 platform. An automated forex trader can then automatically install the Forex EA onto their MetaTrader 4 platform & start trading with it. The Forex EA Market contains free forex EAs as well the paid Forex Expert Advisor Robots. A forex automated trader can also try out any of the above automated Forex EAs by downloading their demo version after registering in this MQL5 Forex Expert Advisor Forum.
As a trader wanting to get professional automated Forex EA strategies this is the place to start.
How to Get a Forex EA Robot
Once you have downloaded MT4 Software Platform and installed it on your computer. You will then have to open MetaTrader 4 Toolbox: The Toolbox can be accessed by pressing CTRL+T keyboard shortcut keys. After launching the MetaTrader 4 toolbox select " Market " tab as shown on the screenshot below.
A list of the available Expert Advisor Forex Expert Advisor Robots will appear as illustrated below. You can also choose a forex Expert Advisor from the different categories as shown below.
Library of Expert Advisor Forex Bots
You can then select the Forex Expert Advisor that is suited for your trading style. Every item on this list has a detailed description of how it operates and you can use this information to choose the Expert Advisor robot that suits your methods based on this description.
There are different applications which one-can use, among the ones you can purchase are:
- Expert Advisors
- Custom Indicators
- Panels
- Libraries
- Analyzers
- Utilities
You can select any of these based on categories as illustrated & shown on the image above. If you need to learn what is an automated trading EA, custom technical trading indicators, panels, libraries, analyzers & utilities are you need to navigate to Codebase Community.
Once you've visited & decided which type of application you require, next step is to sign up & become part of this programming community. After signing up you will then get an account & you can interact with other forum members and have access to multiple Expert Advisor Forex Robots. To sign up - go to Registration Page on their web site.
After signing-up in community you will then need to obtain credits. Credits is the currency which is used in order to obtain the automated systems available. To get credits you will first need to deposit some money into your MQL5 account.
You will then use this account & the password which you get to set up the Forex automation on your MetaTrader 4 software as displayed below. These settings will be set on your MetaTrader 4 software that is installed on your computer, & not on MQL5 web-site - but you will first obtain them from MQL5 site then set them on your MetaTrader 4.
Setting Up An Account to Use for Automated Trade in MetaTrader 4 Software
Login to MQL5 Account From MT4 Platform
To obtain to the above window panel, Navigate to " Tools", Next to " File, View " at tops left corner of the MetaTrader 4 software. Click on Tools >>> Click Options, the above panel will popup.
Select " Community " as shown above, and then type your Log in details: Your Login and Password.
Once this is complete you will now have complete access to the Market, and you can setup any of the Forex robots on your platform & begin automated trading.
How to Test an Automated FX EA Strategy Before Buying
Before buying an automated trading robot, there is an option provided to test out to find if the automated trading strategies that work for you before buying - by downloading the demo edition of the bot that you want and testing it out before buying it. This way you can try out the automated trading forex Expert Advisor you want by testing its strategy using strategy-tester panel.
Review & Information of Automated Trading Systems Details
From the above examples, the screen-shot shows you how to setup an Expert-Advisor Robot from the MetaTrader 4 toolbox by buying it using your credit points or by first downloading the demo Forex EA download version to test out the strategy.
All these Forex EA trading strategies are available from MQL5 & can be accessed also from MT4 Software. Once one obtains an Automated Forex EA they can then activate and launch this application from 3 different Computers.
Posting Of Automated Forex Trading EAs by Expert Advisor Developers and Forex Trading Analysts
As a developer of Forex EAs that are profitable, you can get to post your forex Expert Advisor by registering as a seller . You can get access to large number of potential customers who want to buy an Expert Advisor by posting your Forex EA robot which can become a mass selling product.
Once you complete the registration process your Forex EAs will be hosted on the MQL5 Forum and you will make money every time your Forex EA is purchased. As a developer of the Forex EA you get to set the price for your EA, the more profitable it is, then the more dollars you can set for it.
Once you setup your registration, forex traders can then buy and download your automated Forex EA robots directly from their MetaTrader 4 Platform. Each purchase must get an activation code from the MQL5 CodeBase Community, activation code is only limited to a few computers, Three computers. Therefore no one can buy and then start reselling your Automated Forex EA System because it would require an activation from the MQL5 Forum Community
To protect developers, each purchase is associated to account of a trader on the MQL5 web-site & a specific computer PC, the purchase is not associated to the broker platform neither is it associated to the forex account with the broker. It is only associated to account which the FX trader has on this trading Community.
Those wanting to buy a Forex EA can also try the demo versions of the Robot, but this can only be run on the " Strategy Tester", and the demo cannot be run on the real trading environment. This ensures a trader can test out an EA's profitability before buying it, at the same it also ensures the demo version of your Forex EA cannot be used to transact on the real forex market, not until the time when it has been purchased & activated.
How to Select Automated Forex Expert Advisor Robots
All Expert-Advisor Forex Robots are listed on the MetaTrader 4 automated trading software have snap-shots & a brief review that trader can click and read about each Forex EA.
List of Expert Advisor Forex Robots in MetaTrader 4 That Can Be Used for Automated Forex Trading
Upon clicking on any of these automated trading systems, one can read the review its information which will include even the history of the trades made by the Expert Advisor robot that look like this:
An automated forex trader can then select an automated trading Forex EA from a list of those provided depending on the Expert Advisor robot that is most profitable and suitable for them based on their trading strategy.
These automated trading systems can also be used to trade other financial instruments such as automated futures trading systems to trade futures or automated gold trading systems to trade Gold & automated CFDs trading systems to trade CFDs.
