Forex eas 9

Expert Advisors (EAs)

Expert Advisors (EAs) are programable trading robots available on MetaTrader 4 and MetaTrader 5. This tutorial will explain how Expert Advisors work and how to set them up on MT4 and MT5. We also cover the pros and cons of trading forex, stocks and more with EAs.

Expert Advisor Brokers.


Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4/5, Web Trader, Mobile App, Vanilla options and Social Trading. +1250 Financial Instruments, Educational content and multilanguage customer support active 24/7. 20% Welcome bonus available on allowed countries.

Instruments CFD, Forex, Stocks, Crypto, Options, Commodities Regulator CBoI, ASIC, FSA, FSCA, FSB Platforms MT4, MT5 Min. Deposit $100 Min. Trade $.01 Leverage 1:400.


Reliable and affordable trading since 2009. Join over 900,000 others trading on 1000+ CFD products. Trade Forex CFDs from 0.0 spreads on our RAW account through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account less than 2 minutes.

Instruments CFDs, forex, indices, shares, commodities, cryptocurrencies Regulator ASIC, FCA, CIMA Platforms MT4, MT5 Min. Deposit $200 Min. Trade 0.01 Lots Leverage 1:500.


BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies Regulator FSC, FSA Platforms MT4, MT5 Min. Deposit 100 $/€/£ Min. Trade 0.01 Lots Leverage 1:30.

XM. offers a range of account types and a $5 minimum deposit to appeal to all levels of trader. With 1000+ markets and low variable spreads provides an excellent trading experience.

Instruments Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks Regulator IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI Platforms MT4, MT5 Min. Deposit 5 $/€/£ Min. Trade 0.01 Micro lots Leverage 1:500.


Eightcap is a multi-regulated FX and CFD broker offering MT4 and MT5. The brand provides award winning trading platforms, zero commissions, free education and low spreads.

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies Regulator ASIC, VFSC Platforms MT4, MT5 Min. Deposit £/€/$100 Min. Trade 0.01 lots Leverage 1:30 - 1:500 depending on local regulation.

IC Markets.

Trade Forex on 0.0 pip spreads with the world's leading True Raw forex broker - IC Markets.

Instruments CFD, Forex, Crypto, Futures, Commodities Regulator ASIC, CySec, FSA Platforms MT4, MT5, cTrader Min. Deposit $200 Min. Trade 0.01 Lots Leverage ASIC and CySEC -1:30, FSA - 1:500.


Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms. CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

Instruments CFD, Forex, Indices, Crypto, Currency Indices, ETFs, Shares, Commodities, Spread betting Regulator FCA, ASIC, DFSA, CMA, BaFin Platforms MT4, MT5, cTrader Min. Deposit $500 recommended Min. Trade 0.01 Lots Leverage 1:500. boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

Instruments CFD, Forex, Stocks, Crypto, Futures, Options, Commodities Regulator CySEC, IIROC, NFA, CFTC, FCA, CIMA Platforms MT4 Min. Deposit $100 Min. Trade $1 Leverage 1:200.


Axi is a global online FX and CFD trading company, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it popular with beginners and seasoned traders. 81.6% of retail investor accounts lose money when trading CFDs with this provider.

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies Regulator FCA, ASIC, DFSA, FMA Platforms MT4 Min. Deposit 0 $/€/£ Min. Trade 0.01 Lots Leverage 1:30 - 1:400.


Skilling are an exciting brand, regulated in Europe and beyond, offering 900+ instruments across 7 asset classes and spreads from 0.2 pips. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Instruments CFD, Forex, Stocks, Indices, Commodities, Cryptocurrencies Regulator CySEC, FSA Platforms MT4, cTrader Min. Deposit 100 EUR/USD/GBP or 1000 NOK/SEK Min. Trade 0.01 Lots or 1 Share Leverage 1:30 (EU), 1:500 (Global)

IG Group.

IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.

Instruments Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting Regulator FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin Platforms MT4 Min. Deposit £250 Min. Trade 0.1 lots Leverage 1:30.


FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trade executions, leverage up to 1:500 and $0 commissions.

Instruments Forex, Indices, Metals, Energies, Crypto Regulator CySEC Platforms MT4 Min. Deposit $0 Min. Trade 0.01 lots Leverage 1:500. offer CFDs on a range of markets with competitive spreads and zero commissions. The broker also offers the Investmate app, negative balance protection and leveraged trading. 87.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Instruments CFDs, forex, indices, shares, commodities, spread betting (only available in the UK), cryptos (not available in the UK) Regulator FCA, CySEC, ASIC, FSA Platforms MT4 Min. Deposit £/$/€20 (By credit card - varies by payment method) Min. Trade $1 Leverage 1:30.


RoboForex is a multi-asset online broker offering powerful trading aides.

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies, cryptoindices, ETFs Regulator IFSC Platforms MT4, MT5, cTrader Min. Deposit $10 Min. Trade 0.01 lots Leverage 1:2000.


FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads and online CFD trading.

Instruments CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares Regulator FSC Platforms MT4, MT5 Min. Deposit $100 Min. Trade 0.01 lots Leverage 1:200.

Fusion Markets.

Fusion Markets offers low-cost forex and CFD trading via tight spreads. Copy trading, 1:500 leverage plus multiple account types are also available.

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies, metals, energies Regulator ASIC, VFSC Platforms MT4, MT5 Min. Deposit $0 Min. Trade 0.01 lots Leverage 1:500.

Easy Markets. - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker.

Instruments CFD, Forex, Stocks, Crypto, Commodities Regulator CySec, ASIC, BVI Platforms MT4 Min. Deposit €100 Min. Trade Varies by asset Leverage 1:30.


FBS is a top online broker offering MT4 & MT5 trading across a range of popular markets. Multiple account tiers and loyalty bonuses are available.

Instruments CFDs, forex, indices, shares, commodities, cryptocurrencies Regulator ASIC, CySEC, IFSC, FSCA Platforms MT4, MT5 Min. Deposit $1 Min. Trade 0.01 lots Leverage 1:30 EU and restricted countries, 1:3000 rest of the world.


NordFX offer forex trading with specific accounts for each type of investor. Spreads start from 0.0 pips while minimum deposits start at $10.

Instruments Forex, CFDs, indices, commodities, cryptos, stocks Regulator VFSC Platforms MT4 Min. Deposit $10 Min. Trade $1 Leverage 1:1000.


EagleFX is an ECN/STP trading broker offering a low starting deposit and high leverage.

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies Regulator - Platforms MT4 Min. Deposit $10 Min. Trade 0.01 lots Leverage Up to 1:500.


Axiory is a regulated forex & CFD broker offering tight spreads & leveraged trading.

Instruments Forex, CFD indices, commodities Regulator IFSC Belize Platforms MT4, MT5, cTrader Min. Deposit $10 Min. Trade 0.01 lots Leverage 1:777.

Moneta Markets.

Moneta Markets is a regulated multi-asset broker offering a leading web platform plus MT4 & MT5.

Instruments Forex, CFDs, indices, shares, commodities, ETFs, cryptocurrencies Regulator ASIC, FSCA, SVGFSA Platforms MT4, MT5 Min. Deposit $50 Min. Trade 0.01 lots Leverage Up to 1:500.

VT Markets.

VT Markets is a multi-asset broker with ultra-fast trade executions, spreads from 0.0 pips, 24/5 support, and user-friendly trading platforms.

Instruments CFDs, Forex, Commodities, Stocks, Indices Regulator ASIC, FSCA, SVGFSA Platforms MT4, MT5 Min. Deposit $200 Min. Trade 0.01 lots Leverage 1:500. is an online CFD trading broker offering 2100+ assets on a proprietary WebTrader terminal and MetaTrader 4.

Instruments Shares, forex, commodities, indices, bonds, cryptocurrencies, ETFs Regulator FSA Platforms MT4 Min. Deposit $100 Min. Trade 0.01 lots Leverage 1:300.


ThinkMarkets is a multi-regulated forex and CFD broker 71.89% of retail investor accounts lose money when trading CFDs with this provider.

Instruments Forex, CFDs, ETFs, Futures, Shares, Commodities, Cryptocurrencies, Spread Betting (UK Only) Regulator FCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles Platforms MT4, MT5 Min. Deposit $0 Min. Trade 0.01 lots Leverage 1:500.


IronFX offers online trading in forex, stocks, futures and commodities.

Instruments Forex, indices, shares, futures, commodities, and metals Regulator - Platforms MT4 Min. Deposit $100 Min. Trade 0.01 lots Leverage -


Multi-award winning trading broker. Specializing in forex but also offering stocks and tight spreads on CFDs and spread betting across a wide range of markets.

Instruments CFDs on Forex, Shares, Indices, Metals, Energies, Futures Regulator CySEC, FCA, FSCA, SCB Platforms MT4, MT5, cTrader Min. Deposit $100 Min. Trade 0.01 Lots Leverage 1:200.


Dukascopy is a Swiss-based forex, CFD, and binary options broker with tight spreads and MT4 trading.

Instruments Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options Regulator FINMA, FCMC, JFSA Platforms MT4, AlgoTrader Min. Deposit $100 Min. Trade 0.01 lots Leverage 1:200. are the established pioneers of binary options. The choice of the advanced trader, offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.

Instruments CFD, Forex, Stocks, Crypto Regulator MGA, SC Platforms MT4, MT5 Min. Deposit $5 Min. Trade $1 Leverage 1:1000.

Rockfort Markets.

Rockfort Markets is a New Zealand based and regulated CFD broker. They offer competitive spreads from 0.1 pips and a large range of assets, trading platforms and educational services, with up to 1:500 leverage. Operating in a Tier 1 regulated environment, Rockfort Markets offers peace of mind and excellent customer support. All client funds are held in segregated Trust accounts. Join a large community of active traders and get a 30% First Deposit Bonus!

Instruments CFD, Forex, Stocks, Crypto, Futures, Options, Commodities Regulator FSP, FMA Platforms MT4 Min. Deposit $200 Min. Trade 0.01 lots Leverage 1:500.

How Expert Advisors Work.

Expert Advisors are trading algorithms, also known as bots, that can be deployed on the MT4 and MT5 platforms. EAs are built in the IDE (Integrated Development Environment) and can be used to trade forex, indices and commodities, amongst others. They are essentially designed to execute positions and strategies based on pre-determined criteria.

The built-in MetaEditor facilitates the development and testing of automated trading strategies on both MetaTrader platforms. And importantly, 950+ bots are available for free from Code Base while 1,700+ paid-for Expert Advisors can be purchased from the MetaTrader Market. Alternatively, EA developers can sell individual robots via the Freelance service. Paid for bots range from $10 up to several thousand US Dollars.


Fundamentally, Expert Advisors follow a long list of yes/no rules that they consider when either alerting you to a potential trading opportunity or automatically executing positions themselves.

For those interested in the fully automated route, EAs can be left to open and close positions around the clock, seven days a week. Of course, regular monitoring and refinement are advised as profits aren’t guaranteed.



One of the key selling points of Expert Advisors is that they can be used to develop a range of complex trading strategies, based on an unlimited set of criteria. They can be applied to scalping strategies, intraday trading systems, and swing trading setups. Importantly, they can also be tested against historical market data to gauge results.


Another significant advantage is that Expert Advisors take the emotion out of trading. Algorithms are not affected by recent trades that have gone sour. Instead, they make decisions based entirely on logic and pre-agreed parameters.


EAs can save time. Instead of manually monitoring the forex or stock market and entering and closing positions all day, an Expert Advisor can do it for you. This frees up more time to explore new markets and develop fresh strategies.


Finally, EAs can be cost-effective. Users can download free bots from Code Base or pay for more advanced algorithms from the MetaTrader Market. You can also pay for bespoke bots to be built using the MetaQuotes Freelance service.

Of course, as with most things, good EAs are likely to come with a hefty price tag and even those do not guarantee consistent returns.


24/7 Trading.

To run a forex EA around the clock, you will need to set up a Virtual Private Server (VPS), which often comes at a cost. And even then, it’s best to keep regular checks on progress to avoid risking substantial losses.


Unfortunately, there are scams and misrepresented EAs on MT4 and MT5. Often promising high returns with limited evidence to support claims and no track record of profits, these are to be avoided.

Beginners should carefully review bots before downloading a free solution or paying for an EA. The Code Base and Market both publish important metrics about the Expert Advisors available, including a rating, setup guidance, risk parameters, and suitable markets.


Expert Advisors are entirely data-driven so they don’t always respond to news events as you would expect. They aren’t able to predict all market reactions and trends so they cannot be left entirely to their own devices.

Getting Started.

How To Enable Expert Advisors In MT4.

Open up the MetaTrader 4 terminal and select the ‘Options’ menu under ‘Tools’. A window will then appear with the Expert Advisor section. You can then click to ‘Allow automated trading’. The platform should then enable the use of EAs.

Using Expert Advisors On MT4.

To add Expert Advisors to your forex MT4 account, open MT4 and locate ‘File’. Next, click ‘Open data folder’ and choose ‘MQL4’. You should then be able to choose between ‘Expert Advisors’ and ‘Indicators’, depending on the type of input you want. You can then copy over the desired file or bot. Once complete, restart the MT4 terminal and the EA should be available in the ‘Navigator’ window.

If the Expert Advisor is available in Code Base, then the process of adding it is far simpler. Just find the desired EA or indicator and hit the ‘Free download’ or ‘Buy Expert Advisor’ buttons. Once downloaded, you can activate the EA by dragging it onto your chart and setting your variables.

How To Enable Expert Advisors In MT5.

Open the MetaTrader 5 terminal and select the ‘Platform option’. Next, navigate to the ‘Expert Advisors’ tab in the pop-up menu and make sure the ‘Automated trading’ box is ticked. Once ticked, EAs can be used on your desktop or mobile MT5 application.

Using Expert Advisors On MT5.

Similar to MT4, open the terminal and select ‘File’. Next, click on the ‘Open data folder’ and choose ‘MQL5’. You can then select either ‘Expert Advisors’ or ‘Indicators’. From there, you can copy over the file. Now you simply need to refresh the application and the new EA should be available in the window. Once visible, you can drag and drop the bot onto your chart to adjust any parameters.

Testing EAs.

The good news is that most Expert Advisors on Code Base and the MetaTrader Market have user reviews. Many of the premium bots and indicators for sale also come with a free demo solution so that you can backtest algorithms against historical market data. Robots are usually scaled back in terms of features with the simulator, but they still give you a good indication of future performance.

Helpfully, Code Base and the Market both list the best performing Expert Advisors in 2023 and split out bots by different markets and strategies, such as forex or gold and day trading or longer-term investing.

Creating Your Own Expert Advisors.

Established traders may want to build their own bot for personal use or sell their algorithm. For this, users will need to develop bots in the respective platform programming language. For MetaTrader 4, this is MQL4 while for MetaTrader 5, this is MQL5.

EAs are developed in the intuitive IDE (Integrated Development Environment) alongside MetaEditor. These are important tools that help you build, test and refine MT4 and MT5 robots to operate on forex, stock or commodity markets. Fortunately, there is a host of useful tutorials and guides online, as well as MQL4 and MQL5 forums. Other useful tips and recommendations on building your own trading bot can be found at IG and Pepperstone.

Once you have built your Expert Advisor, you can put it to work on your account, offer it as a free download on Code Base, or sell it on the MetaTrader Market.

Bottom Line.

Expert Advisors are algorithms that automatically monitor the markets and execute trades based on pre-defined criteria. EAs can be used for trading popular financial markets, including forex, on both MetaTrader 4 and MetaTrader 5. A collection and database of useful tutorials and bot builder programmes are available online, especially on the MetaTrader website.

To download an EA today, head to Code Base or the MetaTrader Market.


Are Expert Advisors Safe?

There is no guarantee of consistent profits when trading with EAs. Whilst some of the best bots do generate decent returns, these can be pricey and often out of reach for beginners. Always check reviews of free bots before hitting download and be wary of installing Expert Advisors from third-party websites, as they could contain malicious code or be operating a scam.

Do Forex Expert Advisors Really Work?

Some FX Expert Advisors produce regular returns trading major, minor and exotic currency pairs. Of course, they will only operate effectively if trade parameters have been set up correctly. Check user reviews before downloading any free forex EAs and also backtest bots against historical data before risking funds.

Are Expert Advisors Profitable?

Some EAs have cracked creating impressive returns while others produce consistent losses. How successful a bot is ultimately depends on how well it has been developed and refined. The best performing EAs can be found on the MetaTrader Market but may come with a hefty price tag, sometimes costing thousands of dollars.

What Platforms Can You Use Expert Advisors On?

Expert Advisors are primarily available on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. With that said, automated trading systems and services can also be found on other popular terminals, including cTrader.

Are Expert Advisors Allowed In Trading Competitions?

This is entirely dependent on the company running the competition. EAs are allowed in the FTMO trading competition, for example, however some companies restrict their use. As a result, it’s best to check terms and conditions before signing up. Importantly, it is worth noting that retail Expert Advisors are legal in most major trading jurisdictions.

Forex São Paulo

Forex São Paulo.

O mundo POP em suas mãos.

Adesivo avalia biomoléculas e detecta problemas de saúde.

Pedro on janeiro 2, 2023.

Engenheiros da Universidade da Califórnia em San Diego, nos Estados Unidos, elaboraram um sensor vestível que realiza o monitoramento de biomoléculas em tecidos profundos do corpo humano, com a proposta de detectar distintas condições que podem afetar a saúde. A pesquisa foi divulgada na revista científica Nature Communications .

Dentro de um estudo realizado pelo mesmo grupo em 2022, foi desenvolvido um adesivo que utilizava ondas de ultrassom para avaliar a espessura dos vasos sanguíneos e possibilitar dados em tempo real sobre a pressão arterial dos pacientes.

Em função dessa pesquisa, a nova versão é baseada no monitoramento da perfusão sanguínea, uma função essencial para o corpo humano, que pode sugerir diferentes disfunções de saúde.

Twitter recebe investigação por roubo de dados de milhões de usuários.

Pedro on janeiro 2, 2023.

Um hacker oficializou a venda de dados roubados de 400 milhões de contas do Twitter. Contudo, semanas depois, a rede social entrou no radar da Justiça por causa de uma investigação na Irlanda pelo vazamento. Ryushi, codinome do hacker, fez a publicação na última sexta-feira (23) e relatou ter encontrado “brechas” no sistema da plataforma.

No meio dos dados roubados, existe informações de pessoas famosas, com a inclusão de Donald Trump Jr., filho do ex-presidente norte-americano. Em função do incidente, a Comissão de Proteção de Dados da Irlanda (DPC) avaliará a conformidade do microblog com “a lei de proteção de dados em relação a essa questão de segurança”.

Por outro lado, a rede social sequer assumiu um posicionamento sobre a investigação. No mais, a Irlanda tem autoridade para avaliar o assunto por ser em Dublin, capital do país, onde a sede europeia do Twitter está localizada.

Google Home tinham alto-falantes que espionavam usuários.

Pedro on janeiro 1, 2023.

Os alto-falantes inteligentes Google Home, que geralmente são empregados para funções como definir alarmes, ler notícias, informar o clima, controlar outros dispositivos e tocar música, traziam bugs embutido que possibilitava a instalação de uma conta backdoor, ou seja, onde falavam e ouviam relatos dos usuários.

O pesquisador Matt Kunze notou a ameaça e recebeu da Big Tech um prêmio de US$ 107,5 mil (cerca de R$ 568 mil) após denunciá-lo no ano passado. No começo da semana, o atento consumidor optou por publicar detalhes da sua descoberta, que gerou mais segurança em casa.

Compras no exterior com IOF terá objeto reduzido em 2023.

Pedro on janeiro 1, 2023.

O Imposto sobre Operações Financeiras (IOF) que implica nas compras realizadas no exterior acumulará uma redução gradual a partir de 2023, até que consiga ser totalmente zerado em 2028. A alteração integra um decreto publicado pelo presidente Jair Bolsonaro no final de julho.

Conforme as novas regras, o IOF sobre compras no exterior com cartão de crédito tal qual com cartão pré-pago será reduzido para 5,38% a partir desta segunda-feira (2), referente aos atuais 6,38%. A taxa é cobrada para compras nas lojas físicas em outros países e em transações em sites estrangeiros, mesmo o internauta estando no Brasil.

De modo geral, a redução na alíquota do imposto e a sua posterior extinção possuem como meta relacionar as regras tributárias do Brasil com as normas da Organização para a Cooperação e Desenvolvimento Econômico (OCDE).

Aquário tendência da Xiaomi alimenta peixes pelo celular.

Pedro on dezembro 30, 2022.

Uma campanha de crowdfunding foi lançada pela Xiaomi, na última segunda-feira (26), relacionada a seu primeiro aquário inteligente da submarca MIJIA. De acordo com a gigante chinesa, ele pode funcionar por um período de até seis meses sem a substituição de água e possui design integrado com uma proporção widescreen de 16:9, assim como oferta o recurso de alimentação remota.

Similar a qualquer aquário tradicional, o tanque acumula bomba d’água, tanque alimentador, sistema de filtragem e sensor de temperatura. Com a falta de necessidade de possuir o processo complexo de montagem, o aquário inteligente oferece também 24 pontos de luz de LED brancas e 16 pontos de luz RGB coloridas, com diversos modos de combinação.

Por fim, o corpo do aquário da Xiaomi é feito de vidro ultratransparente reforçado da centenária empresa Jinjing, o que possibilita uma transmitância de luz de 91,3%, transformando o tanque em uma bela peça de design.

Samsung modifica chip no Galaxy Book 2.

Pedro on dezembro 30, 2022.

A Samsung anunciou, na última quarta-feira (28), o lançamento de uma versão atual de seu notebook Galaxy Book 2 Pro 360 na Coreia do Sul. Dessa maneira, a novidade dessa revisão no dispositivo faz refência ao fato de que a fabricante modificou o processador Intel por um Snapdragon, da Qualcomm.

Em resumo, os processadores Snapdragon são conhecidos nos celulares, porém já abrange um tempo que a Qualcomm ampliou seu alcance para notebooks também. A nova versão do Galaxy Book 2 Pro 360 agrega um Snapdragon 8cx Gen 3, com núcleos baseados em ARM e GPU integrada Adreno, compatível com DirectX 12.

Além disso, o novo processador é compatível com as tecnologias atuais de conectividade, quando oferece Wi-Fi 6E e pode se conectar diretamente à rede móvel 5G. O componente também tem a meta de ganhos de desempenho de até 60% em comparação à sua geração anterior.

Banco do Brasil inaugura cartão de crédito digital para não correntistas.

Pedro on dezembro 29, 2022.

O Banco do Brasil oficializou, na última terça-feira (27), um novo cartão de crédito 100% digital formado ao lado da bandeira Elo. O Ourocard Digital Elo não possui modelo físico e pode ser empregado para pagamentos em lojas online e físicas, com o uso da tecnologia NFC dos smartphones.

De modo geral, os usuários do banco podem contratar o novo cartão por meio do aplicativo do BB. Em contrapartida, não é fundamental abrir uma conta e não há anuidade. Adicionado ao NFC, que utiliza a aproximação para pagamentos, nas carteiras digitais Google Pay e Apple Pay, o Ourocard Digital Elo fnuciona com a leitura do QR.

Ainda conforme o diretor de desenvolvimento de negócios da Elo, Pedro Cardoso, o cartão de crédito 100% digital “democratiza o acesso a serviços financeiros”. Ele ainda ressalta que a experiência dos clientes do BB é agradável “com um conjunto de soluções integradas a um cartão de crédito digital, o que possibilita realizar todas os serviços de gestão da conta e pagamentos pelo app do banco”.

Ciberataque vaza dados de mais de 10 milhões de usuários.

Pedro on dezembro 29, 2022.

Pelo menos 13 milhões de usuários do Bilhete Único tiveram seus dados vazados na internet depois que o sistema da São Paulo Transporte S/A (SPTrans) virou alvo de um ataque cibernético notado no último dia 15. A campanha maliciosa foi confirmada na última sexta-feira (23).

De acordo com a empresa responsável pela gestão do transporte público por ônibus na cidade de São Paulo (SP), as informações vazadas integravam parte de um banco de dados que possuía como base o mês de abril de 2022. Além disso, os cibercriminosos tiveram acesso à dados como número do CPF, RG, endereço, telefone, número do PIS, matrícula de aluno (no caso de estudante) e e-mail.

No mais, as informações de login e senha cadastradas no portal da SPTrans também foram publicadas. Além disso, a gerenciadora apontou que notificou o ataque cibernético ao sistema do Bilhete Único à Autoridade Nacional de Proteção de Dados (ANPD) e à Polícia Civil do Estado de São Paulo.

Sensor de acidentes do iPhone 14 emite alarme falso.

Pedro on dezembro 28, 2022.

O sensor de acidentes do iPhone 14 permanece criando falsos pedidos de socorro. As ligações automáticas dos dispositivos de esquiadores têm criado as linhas de emergência de equipes de resgate das montanhas do Colorado, nos Estados Unidos.

Patrulheiros do Summit County 911 Center contam que recebem notificações de acidentes encaminhados por aparelhos da Apple de esquiadores. Todavia, ao chegar ao local, nenhuma pessoa precisa de socorro.

“Não temos a prática de desconsiderar as ligações, mas os alertas falsos envolvem uma quantidade de patrulheiros e policiais. Contudo, nunca tivemos uma emergência real”, revelou Trina Dummer, diretora do Summit County 911 Center, em entrevista ao The Colorado Sun .

Aparelho virtual de ‘pet’ substitui os smartphones para crianças.

Pedro on dezembro 28, 2022.

A década dos anos 90 retornou de vento em popa, desta vez, a moda fica por conta do público infantil. Chamado de bichinhos virtuais –ou Tamagotchis– esses produtos são aparelhinhos que necessitam de cuidado como um pet digital.

Aos 7 anos, Amanda Luiza demonstrou encantamento com o bichinho virtual. Ela conquistou o brinquedo em outubro passado e se tornou uma mini especialista sobre o aparelhinho em casa. Junto a mãe, Claudia Pinheiro, a menina descobriu um brinquedo totalmente oposto ao tradicional smartphone.

“Ela ganhou (o bichinho virtual) de Dia das Crianças porque eu lembrei da época que o meu sobrinho tinha. Vi que ia ter o lançamento do Tamagotchi de novo, e imaginei que ela fosse ficar super empolgada”, relata Claudia, ao Estadão Conteúdo.

Nome original do brinquedo, o Tamagotchis responde por uma criação da empresa japonesa Bandai surgida em 1996.

Forex eas 8

11 tips to improve the performance of your forex EA.

Expert Advisors can be a godsend for Forex traders. Automatically finding new opportunities based on your parameters, emotionless trading, timesaving, back-testing – the benefits speak for themselves.

However, what if the promise of a Forex EA is too good to be true? What if the hours spent carefully crafting an automated version of your own trading strategy ends in an EA that isn't up to scratch? It's often the case that an EA simply isn't good enough, either through inconsistent work performance or perhaps not working at all.

But don't throw the towel in just yet. We've put together 11 tips to transform your EA into the trading maestro you always hoped it would be. And if you're already satisfied with your EAs performance, these tips will help take their output to the next level.

11 tips to improve the performance of your forex EA.

#1. Taking advantage of market conditions:

One of the main reasons some Forex Expert Advisors don't work correctly is because they struggle to adapt to dynamic market conditions. Programming your EA to perform in any situation optimally can be a nigh-impossible task. The alternative is to program your EA to work optimally under specific conditions and only use it when those conditions arise.

For example, if the market is trending, you could deploy an EA that's specifically programmed to perform in trending markets. Then if it's a choppy market, you can switch it up and run your range trading EA.

Ranges and trends can last for long periods in forex markets, providing you with an opportunity to take advantage of this with your specially programmed EAs.

#2. Always have an exit plan.

Be honest with yourself. Do you have an exit plan ready for when things turn sour? What's your plan if your range trading Forex Expert Advisor is caught in a breakout? Or if your momentum EA becomes the victim of a short squeeze?

Identifying market conditions is one thing. However, it means nothing if you don't have an appropriate exit plan in place for when the market shifts.

#3. Properly utilising non-correlated EAs.

The use of non-correlated Forex EAs cannot be underestimated. By running multiple non-correlated EAs across different strategies and timeframes, you'll have all your bases covered. For example:

If you have an EA that works well in the short term, build one that also works on daily charts. If you have an EA that works on majors, program one to work on exotic currency pairs.

Diversifying your EAs will make your trading more robust and will ensure that if one of your EAs isn't optimally performing, you'll have another EA offsetting this.

#4. Allocate funds to your EAs according to performance.

How much are you willing to allocate to your best and worst-performing Forex EAs? If you're underfunding your best performing EA, you're doing yourself a great disservice. Vice versa for your worst-performing EA.

#5. Trade less when in a drawdown:

It may seem obvious; however, you'd be surprised at the number of forex traders who don't reduce the size of their trades when their Forex Expert Advisor is experiencing a drawdown.

Spend time analysing your EA, so you know what to expect from it over time. That way, it's easier for you to identify when it's going through a losing period, and you'll be better prepared to cut your trade sizes accordingly.

#6. Trade on a low spread account to reduce costs.

Reducing your costs is the quickest and most straightforward way to improve overall returns. Trading on a high spread account can be risky in two ways:

High spreads reduce your profits. Overall, you'll experience more losing trades. The wider you spread, the more you get stopped out.

For this reason, you should also consider a low spread with a commission option, which may be better suited for Forex EA trading. The BlackBull Markets Prime account may be more suited to your trading style.

#7. Minimise your MT4/MT5 workspace.

Execution can mean the difference between a profitable or losing trade. In the world of trading, milliseconds can have a considerable impact.

One way to boost execution is to minimise the number of windows open in your MT4/MT5 workspace. Small things such as closing the market watch window and other data-heavy applications can make all the difference to execution speed.

#8. Utilise a co-located VPS:

In an ideal world, your Forex Expert Advisor would have zero delays in any of their order executions. You'll be pleased to know that with a co-located virtual private server (VPS), this is a possibility. With a VPS, your EA is installed on a computer in our data centre which you can access via the internet, cutting delays and improving reliability and redundancy compared to running the EA on your own server.

#9. Get familiar with your MAE and MFE:

By becoming familiar with your Maximum Adverse Excursion (MAE) and Maximum Forward Excursion (MFE), you'll be better placed to improve the performance of both systems.

For example, your MAE can inform you of how far your trades go into the red before making a recovery. This assists you in optimising your stop-loss placements which will improve the overall risk and reward ratio of your EAs trades. Knowing your MFE has similar benefits. The MFE can show you how much profit your trades are making before they start to reverse.

#10.Use live data to back-test your strategy.

Just because your trading system looks good on paper doesn't mean it's going to be effective once it's live. More often than not, it's a result of poor-quality pricing data used in back-testing.

To avoid this downfall, ensure your strategy is tested on the exact data you plan on trading.

#11. Use a scale-in position sizing algorithm:

While it can be tempting to spend time improving your entry rules, it's far more lucrative in the long run to focus on position sizing.

In his book, The Definitive Guide to Position Sizing, Van K. Tharp found that scale-on models that follow this approach are one of the best ways to improve the performance of any strategy. Adding scale-in rules to your EA is a quick way to make incremental improvements to your EAs performance.

Final thoughts.

Reduce stress and improve the performance of your Forex EAs by following the above tips. Being proactive and appropriately managing your EAs can make all the difference in long-term performance.

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In December, the price of gold moved through a volatile uptrend but did seemingly reject at $1,819. However, a daily candle managed to close above this resistance zone on the last day of 2022, which has been followed by a continuation to the upside at the start of the new year. Although the volatile uptrend pattern appears to remain intact.

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If you view your trading plan as an expensive sports car aimed at taking you from point A (aspiring trader) to point B (consistent successful trader), then evidently the motor of your trading plan is the actual trading system. The psychological aspect is “how you drive the car”. It is very possible to trade a successful system poorly. That’s .

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Forex eas 7

Forex eas.

Oh man , finding the best forex EAs or robots is really hard. I don’t even know where to begin. I literally searched everywhere to find them but the more I searched the more I figured out that this area of forex is FULL OF CRAP.

Half of the EAs out there for sale that had websites, or at least a one-page site, one day; let their domains expire and don’t have a site anymore, let’s say they’re so-called out of business.

They’re the good ones though. Some others seem up but when you dig deeper and read the stuff on their one-page sites, you’ll notice that they haven’t updated that for months or years.

For instance, there’s a result from a third-party website such as Myfxbook (see this section), which is actually a positive sign; however, the results are different from what‘s written about them.

That’s kind of funny though.

For example one says, this strategy has gained 500% and when you take a look at the graph on Myfxbook, you see it took a nosedive and when you look into the results, you’ll figure out that there are lots of trades that had been kept open for a long time (floating loss) and when the EA closed them, the account blew up.

Anyway, I checked out hundreds of expert advisers or forex robots and examined some worth looking into and found some of the best EAs in 2023.

First, let’s become familiar with these best forex robots and then I’ll show you how you can choose the best EAs and what factors we should look at when choosing forex robots.

You'll See in This Article:

Best Forex EAs (Forex Robots) in 2023.

After spending several days looking into lots of forex EAs, I finally found a handful of them that you can put in the category of the best forex robots or expert advisors.

Here’s a list of the best forex EAs or robots in 2023:

1- Flex EA.

The oldest trading result that I found about Flex EA gets back to 2022, so I assume that this product has been around since then.

There are lots of features in the package of this EA that I like including excellent support, private forum for clients, transparent and verified results and stats on Myfxbook, and constant free updates to name a few.


The EA has several settings that you can choose from, however, you can pick the best one either by listening to the suggestion of the creator or by finding that through the private forum where users disclose their experiences and offer the best settings they’ve found and the one that’s brought them the most profit.

There are several results of different settings on the Flex website from the past to the present.

SRV1/SRV2 is the setting that I like better and it has interesting results.

The account shown on Flex site as the result of SRV1SRV2 has a 14-month history with 869 closed trades. A drawdown of 17.55% and the profit factor of 2.48. It has gained 194.26% within the 14-month time frame.

It’s an ideal result that a forex robot holder or buyer can think of. It’s not too risky (rather low drawdown), has a reliable profit factor, and has generated very good profit.

There are 3 other settings related to 2021 but I think they are risky. They seem too aggressive and as a result, we can see higher drawdowns in their stats. Having said that, if you have an aggressive risk appetite or just want to risk more on a portion of your money, there’s a high potential for profit in those settings.

As you can see from their Gain, although you risk more you can potentially gain twice the first setting, SRV1/SRV2.

Note that they are not the only profitable settings. As you can see in the next section, there is a forum where you can ask other buyers the best settings they’ve found and used so that you do the same.


Other than a 24/7 support that you receive through ticket and email, there’s a private forum where you can be in touch with other people who’ve bought the Flex EA and are using it so you can share your experience with each other.

The forum is active and has thousands of posts and hundreds of thousands of views so you can ask your questions and get answers from one of the members who have been using the EA for a while.

People also share their experience and ask for a good strategy or more profitable settings and learn a lot from other users.

The discussions are only available for the clients of Flex so if you want to see what’s going on there, you need to purchase the product first.

Price and refund policy.

Flex EA has three types of plans: Flex EA x1 MT4,Flex EA x1 MT5, and Flex EA x2 MT4 + MT5.

There is no difference between EA x1 and EA x1 MT5 except for their trading platform, MT4 and MT5.

But there are 4 differences between those two and Flex EA x2:

Number of live accounts Price A hedging EA in Flex EA x2 Number of trading platform.

You are allowed to run Flex EA x1 on one live account but you can have 2 live accounts if you buy the x2 plan. Plus you can have both MT4 and MT5 versions of the EA in the x2 bundle. The price of Flex EA x1 is $399.96 while it’s $594 for the x2 plan and you receive a hedging EA if you buy it.

Flex EA has a 30-day money back guarantee if you are not happy.

2- News Action Trader.

News Action Trader is one of the EAs of LeapFX which is one of the famous forex robots developers in the industry and has been around since 2012.

As the name implies, this EA trade on the news events and tries to catch sudden volatile movements generated by the release of important news events.


The EA is backed by fully verified results on Myfxbook and FXBlue. It’s been tested for more than 2 years on a real account and has gained a profit of 229.56% within that timeframe.

The drawdown of the account is 20.07% and a profit factor of 1.34.

The result is not bad in general; however, there are some things that I don’t like about this EA.

First off, the recovery times of drawdowns are not interesting although it’s not terrible. In some cases, it took 4 months that the EA could recover a drawdown but if we consider trading a long term investment, it’s not a big deal; all in all, I prefer shorter times.

The second thing is that there’s a big gap between gain and abs gain on the Myfxbook stats. When you see something like that, most of the times it means the person is injecting money to the account in order to decrease drawdown, therefore, the actual drawdown of this EA is probably more than 20.07%.

And third, the profit factor is not what I get excited about.

With all that said, I’ve placed this EA on the list of the best forex EA because the overall condition of this EA is acceptable for me plus it has a confirmed track record of more than 2 years with 1111 closed trades.

I definitely put it on my portfolio as a long term news trading EA.


You can have access to the creator of this EA by email, Skype, or Telegram and ask your questions. You will also receive a lifetime update for the EA whenever the developer releases one.

Price and Refund Policy.

There are two plans available for purchasing News Action Trader EA: 2 monthly and one-time payment.

All the features between them are similar except for the price. 2 monthly plan costs you $247 per month or $494 for 2 months, which is billed monthly, but you pay $397 onetime payment if you buy the other plan.

News action trader EA has a 30 day money back guarantee and the developer claims that he’s willingly take your money back if you are not satisfied with the EA for any reasons.

3- NCM Signal.

NCM Signal like ROFX is not a forex robot for sale but it provides a copy trading service in which you can invest, however, there are some differences between NCM Signal service and ROFX.

For example, here you open an account in the only broker that they accept, which is IC Markets, and then connect it to the NCM Service. After that, the trades are copied automatically onto your account.

You can choose the level of risk and drawdown you are comfortable with, in the first place so you don’t risk more than your tolerance level.

Secondly, you don’t share your profit with the service. Instead, you pay a subscription fee which makes this service more favorable when you have a larger investment.


The results of this EA is really impressive. It has a fully verified account on myfxbook which is more than 2 years old with 791 trades at the time of writing this article.

A max drawdown of 12% and profit factor of 1.88. It’s gained 213.09% until now and there’s no hidden drawdown or extra deposit to disguise Drawdown.

I’ve written a complete review about this service that you can find it here.

How to Choose the Best Forex EA or Robot.

There are lots of measurements that you can take to remove a bunch of scams and eliminate many unprofitable forex robots.

Some of them are external factors which means they are not related to the strategies that EAs are built based on such as transparency of vendors and some are internal metrics connected to the stats of forex EAs which we’ll talk about later on this article.

You don’t need to necessarily be an expert to figure out many of these factors and even if you are a complete newbie and haven’t used forex EAs so far, you can detect a lot of them after this article.

So let’s find out more about them…

For choosing the best forex robots or expert advisors you should consider these factors:

1- Look for Transparency in Results.

As I mentioned early on, this part of Forex is cluttered with scams who try to tamper with the results of their EA even on a third-party website such as Myfxbook, FXBlue, or FXStat.

Those are the websites that you can connect your manual strategy or automated ones such as EAs to them, and they provide various statistics about your strategy, however, you can choose not to show some info or hide something that might interpret as the flaws of your trading strategy or expert advisor.

You see some people demonstrating a hand-picked section of their robots’ results which has performed well in a specific condition of the market to show the profitability of the EA that is not actually profitable.

Some present a one-month performance which is worth nothing and others go even beyond that and only depict a photo of their so-called results.

That’s yet the bright side and there are some vendors who don’t bother presenting any real results. They either refer to a demo account on those third-party websites or just put a bunch of histories and statements and say THEY ARE MY REAL RESULTS, BELIEVE ME.

Most of the time, the cheaper a forex robot the less transparent and you’ll be given fewer and less reliable information.

Anyway, having a real account connected to the one of those third-party websites can be the first positive sign although it’s not enough.

The most reliable third-party website is Myfxbook because it takes some measurements to verify accounts.

They have two levels of verification, track record, and trading privilege. Those confirmations indicate that the stats of an account are correct and whether they are coming from a demo account or live one.

When you see green ticks for those items, it means that the account is fully verified by Myfxbook and the results are real to a great extent.

Although those verifications remove 90% of misinformation, there are still some tricks people do to show better results.

For example, when you see there’s a gap between Gain and Abs. Gain, it can be the result of money injection to the account in order to decrease drawdown and convince others that an EA or strategy has low risk.

All in all, make sure that the forex EA you want to choose has been tested or is being tested on one of the third party websites that is mentioned early on — the more recent results the better.

2- Check out the Reviews of EAs.

The condition of the websites reviewing forex EAs is not better than EA sellers’ community and they promote whoever that pays them the most.

It turned out even one of them that I thought he’s trustworthy to some extent isn’t really true to his words when it comes to promoting his own products.

For instance, he keeps saying in his reviews that he can’t rely on the result of this or that forex robot because they are not backed by a third party website but he’s all blind while reviewing his favorite EA, or his EA to be exact, and doesn’t mention about the EA’s unconfirmed stats.

Read those kinds of websites but use your common sense to distinguish right from wrong.

There are other review sites where you can see the reviews of some people who either have bought EAs or claim to be a buyer.

You shouldn’t give these kinds of reviews the benefit of the doubts either because there are various reasons that their arguments can be incorrect or their claims may be false.

First of all, almost all people lodge a complaint when they believe they’re scammed but a few people go to a review website and thank for a product that they’ve bought.

Secondly, it’s kind of weird but some companies try to besmirch the reputation of their competitors by writing defamatory comments on review websites.

Again, you need to apply your common sense to see which one is legit and who’s fake, however, if you see a majority of people are not satisfied with their purchases, you should be very cautious about that product.

You can also ask some questions to see if the reviewers are telling the truth or just nagging unreasonably or slandering intentionally.

3- Check out Customer Service and Support.

Being supported by the creator of forex EAs after your purchase is very important and sometimes vital because something may go wrong and you might not be able to fix it even if you are somehow experienced let alone being fresh to automated trading.

Moreover, a reliable support can help you find the best settings of an EA after changing the conditions of the market which can be against the strategy of the EA by releasing new updates and informing you asap.

The last thing you want is a vendor who wants to just sell his/her product and then disappears or tries to upsell by not giving you all the available settings in the first place.

For example, let’s assume you pay $200 for an EA and after 6 months you see the EA is not doing well. Then you contact the seller and he tries to charge you for an update.

If there’s such a fee, you should know that in the first place before buying the product.

Some of the best expert advisors not only offer those kinds of supports but they also have additional services such as private forums where buyers can take advantage of the experience of one another.

4- Check for Refund Policy.

The vendors who are confident about their products provide you with a guaranteed money-back plan and hold on to their promise if you are not satisfied with their service or products.

Make sure to understand the conditions of their refund policy. It’s not always like they pay all your money back. Sometimes a refund policy is bound by some conditions.

For example, you can take your money back if the EA suffers a 25% drawdown, simply put, if you lose 25% of your account.

So first see if there’s a refund and if so, what the conditions are.

5- Examine the Statistics of EAs.

This part is the technical side of choosing the best Forex EAs, however, we are not going deep and check out the formulae or where they come from, there’s a link in each section that you can find out more about them.

Instead, we look for the numbers to see how profitable a forex robot is or it could be in the future.

Obviously, there’s no guarantee that what has happened so far will repeat in the future. In other words, past performance is not necessarily indicative of future results.

Having said that, the following metrics can shed light on the path of finding the best forex robots or EAs and can help us to eliminate some of the EAs that are too risky and have the potential that wipe out our account easily.

Account Age and Number of Trades.

Anybody who can write a few lines of MQL codes (the programming language of Metatrader) can create an Expert Advisor that is profitable for a few weeks by over optimizing it.

But creating an EA that is profitable for months and years is not something that every EA coder can pull off and needs a ton of experience.

As an account gets older, it’s exposed to the different conditions of the market and is tested by the many waves of the market so it becomes more reliable if it can pass all those exams.

Now the question is how old is sufficient for a forex robot to be considered reliable.

Actually, there’s no unique answer to that question but in general:

The older the better.

6 months is the least I can think of, however, one year is the period that makes me take an EA seriously.

The same goes for the number of positions or traders taken by an EA; I mean the more the better.

An EA with only 50 trades is not acceptable even if it’s one year old or more.

300 trades is the minimum number that can shows something and make me confident in using a forex robot to some extent.

Maximum Drawdown.

For MAX drawdown, or drawdown in Myfxbook, I look for the forex EAs with less than 30%. Max drawdown basically indicates how risky a forex robot is. The higher the riskier.

In simple words, that number tells you how much money a robot is prone to lose before it starts gaining money.

Let’s say you have an EA that has shown 100% profitability within last year with a drawdown of 80%. Are you willing to take that risk and lose 80% of your money before getting 100% profit which may not even happen?

Robots with high drawdowns trade too aggressively and have the potential to raze your account to the ground with high probabilities.

Drawdown Recovery Time.

The time that an EA can recover from a drawdown is also important when we are dealing with drawdown.

Let’s say an EA has suffered a drawdown of 30% in one month. What if it takes 4, 5, or even a larger time period for it to recover the loss and break-even?

Basically we don’t earn any money for several months and worse than that, it reveals that recovering from losses is very hard for the EA.

You can simply look at the graph of an EA and see how long it took that it came out of its drawdowns.

Floating Profit/Loss (P/L) or Current Drawdown.

This one is another important metric that we need to pay attention to. It’s one of the factors that disclose some hidden facts about a strategy.

It’s basically the difference between balance and equity. The results of gain, drawdown, or other stats are calculated when trades are closed but what if a forex robot keeps the losing trades open.

Well, you can’t see the real numbers for different metrics and you need to look at either floating P/L, current drawdown, or the difference between equity and balance — different websites may provide you different names or metrics so one of them do the trick.

If you see the stats of a forex EA shows, for example, $1000 as balance and $500 as equity, it means there’s a $500 floating loss or 50% drawdown so the account might be on the verge of blowing up.

Profit Factor.

Profit factor means the amount of profit an EA makes to the amount of loss it suffers. The more profits a forex robot gains and the less loss it suffers the more reliable it is.

I look for the EAs with the profit factor of 1.5 or higher — the larger the better.

Imagine an EA has a profit factor of 3. It means for every $4 that the EA trades it generates $3 as profit and loses $1 on average.

It tells us if something goes south and the EA starts losing money, there’s plenty of space for that to turn from a winner to an unprofitable robot.

You should provide ideal conditions for an EA to see its best performance so make sure to read best forex brokers for EAs and VPS articles.


The best forex robot or EA is the one that has results confirmed by an unbiased third-party website. It doesn’t hide its metrics or at least shows most of them.

It doesn’t have terrible reviews all over the net and has an acceptable level of satisfaction among its users.

The level of support that we receive after purchasing the EA is up to par and we can have access to the seller via various options.

It has a fair refund policy so if we are not satisfied with the EA, we can give back our money without going through big hassles.

We prefer an EA with a MAX drawdown of less than 30%, not a gaping time for recovering from its drawdowns, more than 1 year old, at least 300 trades, No large floating loss, and last but not least a profit factor of larger than 1.5.


I hope you enjoyed this post. My name is David and I've been in Forex Market since 2006. I created this site to convey my experience and try to help forex traders to make better decisions. Share this post if you liked it and let me know what you think about it in the comment section.

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This Post Has 14 Comments.

Derrick 4 Sep 2021 Reply.

You’ve mentionned “The account shown on Flex site as the result of SRV1SRV2 has a 14-month history with 869 closed trades and a drawdown of 17.55%” as you’ve shown on the screenshot,yet looking at myfxbook,Flex SRV1/SRV2 account shows 7.29 drawdown. How do you explain these differences in these figures? I’m strict while looking at the EA,once it has not less than 10% drawdown it’s not meeting my criteria. Help me to understand this,please! Regards, Derrick.

David 4 Sep 2021 Reply.

Hey Derrick, That must be a bug in myfxbook because I checked its history, nothing has been added after they closed that account and withdraw their profits. Plus, the account is fully verified and the broker, trader’s way, as I know them, they don’t tamper with results. Even if it were a fishy broker they could’ve done something like that when the EA was running on the account not 2 years later. I think that’s just a bug on myfxbook. After all it’s a free service and you can’t expect everything works like clockwork. What I’ve understood from Flex EA after looking into many accounts and hearing from people who’ve bought it is that you can change its risk factor. You can pick a setup that gives you 100% drawdown and you can also change the setup to have drawdowns below 10% however your profit can drop as you decrease risk.

Igor 4 Jul 2021 Reply.

Hi David, there is something suspicious about NCM signal, myfxbook reports max floating p/L about 8% on the dd graph, but on the review they report 18%. However NCM themselves report max equity usage 35% and that’s what was also reported on forexpeacearmy…. unfortunately monthly avg. gain looks the same, around 4% ( on myfxbook and 8%/15% dd as well as on forexpeacearmy 35% dd ). Moreover, it seems in the last year avg monthly profit was only 2 and something %. Still better then nothing, but…

David 10 Jul 2021 Reply.

Hi Igor, well nothing fishy in terms of what you’ve mentioned. Regarding DD on myfxbook, it’s how it works and a bit confusing. The DD reported on the graph part is MAX dd and the one on the stat is the floating P/L or current dd which is around 17% now, it’s different from MAX dd which is calculated in relationship with your initial balance which is around 8%. Regarding different DD and gain in different accounts (or different analytical services such as myfxbook, FPA, etc) that’s possible since you can set the level of your risk when you register with NCM, it’s on their website. If you risk more you have a larger DD but you can gain more as well. That’s why you see different results in different accounts.

Forex São Mateus


O rendimento de dividendos mostra quanto é que uma empresa paga anualmente em dividendos aos seus acionistas, por dólar investido. Mostra quanto é um investidor irá ganhar, para além dos ganhos de capital da ação.

Altri SGPS SA Vista Geral.

Informações sobre a cotação das ações Altri SGPS SA, incluindo o preço das ações ALTR (ISIN: PTALT0AE0002) na bolsa de valores, fecho anterior, volume, variação a 1 ano, variação do dia, variação a 52 semanas, capitalização de mercado, receitas, dividendos e mais. Descubra tudo sobre ELI: ALTR e utilize nossa página para comparar gráficos e a evolução ao longo do tempo.

Fecho Anterior 5,16.

Var. Diária 5,16 - 5,24.

Receitas 956,46 M.

Abertura 5,18.

52 semanas 3,58 - 6,68.

Volume 479.876.

Capitalização 1,06 B.

Dividendo (Yield)

Volume Médio (3m) 782.448.

Rácio Preço-Resultado 2,41.

Alteração a 1 ano 23,57 %

Ação em Circulação 205.131.672.

Próximos Resultados 16.03.2023.

Qual é a sua opinião sobre o(a) Altri?

Vote para ver os resultados comunitários.

Altri SGPS SA Notícias.

Por JornalEconomico -

O projeto Gama decorre de um Memorando de Entendimento assinado com a Impulsa Galícia, um consórcio público-privado da região da Galiza, para estudar em exclusivo a construção de.

Por Noticias AO Minuto -

O projeto Gama, da Altri, foi distinguido pela Junta da Galiza como projeto industrial estratégico, .

Por DinheiroVivo -

Altri integra um projeto industrial na Galiza que poderá criar 2500 empregos. Decisão final de investimento é conhecida durante o primeiro semestre de 2023.

Altri SGPS SA Análises.

As reuniões de política monetária da Reserva Federal EUA (dia 16), Banco de Inglaterra (dia 17) e Banco do Japão (dia 18) serão o centro das atenções do mercado na próxima semana.

Na próxima semana, o destaque será para a divulgação da inflação na Zona Euro em Outubro na Quarta-feira e espera-se a.

O destaque da próxima semana será a reunião de política monetária da Reserva Federal dos Estados Unidos. Esta reunião será.

Altri SGPS SA Perfil da Empresa.

Altri SGPS SA Perfil da Empresa.


Tipo : Açao Mercado : Portugal ISIN : PTALT0AE0002.

A Altri, SGPS, S.A. é uma holding sediada em Portugal com atividade principalmente na produção de pasta de papel branqueada de eucalipto. A Empresa tem presença igualmente na área da energia elétrica a partir de fontes florestais renováveis, nomeadamente a partir de cogeração industrial de licor negro e biomassa. Além disso, ocupa-se da atividade de gestão de investimentos. A Empresa opera através de várias subsidiárias, com atividade na produção e venda de pasta de papel, tais como Caima - Indústria de Celulose, S.A., Celbi - Celulose da Beira Industrial, S.A. e Celtejo - Empresa de Celulose do Tejo, S.A., assim como de várias subsidiárias ocupadas com a gestão de recursos florestais, incluindo a Altri Florestal, S.A., bem como a empresa comum da EDP Bioeléctrica, entre outras.

Demonstração de Resultados.

Preço-Alvo dos Analistas.

Média 7,06 ( +36,56 % Upside ) Alta 8,10 Baixa 5,80 Custo 5,17 N.º de Analistas 5.

Venda Forte.

Compra Forte.

Preços-alvo a 12 Meses dos Analistas.

Resumo Técnico.


Ações em Voga.

Ações em Voga.

ALSS Fórum de Discussão.

ÁLTRI Em breve nos 6.00 euros, Navigator vai continuar em banho maria, O PRECO ESTÁ MUITO ALTO, EM RELAÇAO Á ALTRI, A NAVIGATOR COM ESTE PREÇO A ALTRI DEVERIA ESTAR NOS 6.80.

tanto alarido e lá vai ela subir para baixo outra vez. penso eu de que.

"por muita razão que tenhas, este comentário é mesmo escusado. "

Dão AVC 's e ataques cardiacos a tanta boa gente e a ti nada.

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Porquê? Já tiveste?

andaram por aqui esses. Não vi por acaso ainda que obviamente não interessem seja a quem for, nem a eles próprios! Provavelmente ainda devem andar á procura ao sabor do vento como costumam dos 4,20 € dados por 'bitaite' :D:D:D Curioso (ou não), eu ando á procura de outros targets devidamente sustentados tecnicamente, mas para realizar as mais valias!!

Vitor Leal não é uma questão de comprar ou vender, se foi a X ou a Y. São as atitudes e eu estou farto. Se me incomodam, agora eu vou incomodar tambem. Esse grande FDP que vá morrer longe!

Mas será que nao não calas as trombas de uma vez por todas. Que merdoso me saiste pá. Desaparece.

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Nelson Mateus Eh pá, esse merdoso do "advogado" que nao se cala nem um bocadinho. Nao estou para continuar o "politicamente correcto".

Ui esse falso Advogado, o João Pinto MAMASTEA?! Mas nem o vi por aqui ontem ou hoje?? Seja como for esse além da sua atroz ignorância, não tem princípios, simplesmente não tem, ninguém pode afirmar o contrário, apenas busca atenção devido ao seu enorme complexo de inferioridade, morrendo de inveja de todos os outros que partilham cordialmente AT e outras informações que são relevantes e realmente interessam para as cotadas. Todos, mas todos gozam com ele em todo lado. Sei que ultimamente tem sido bloqueado pelo Investing tal a quantidade de spam report que é alvo. Deixa-o falar sozinho (apenas fala sozinho, nada mais, e é isso que o mata e o levou á loucura), enquanto nós realizamos mais valias :) é inofensivo, sem stress!

He pa essa de ter sido ´apanhado ‘pelo Luis com as ´calças na mão´ como um falso Agvogado que se auto-intitulou na gvolt foi demais, ainda hoje morro a rir com isso :D:D:D aliás, no que respeita a mentiras ele já foi apanhando ás dezenasde vezes, tal como as múltiplas vendas que ele afirmava ter feito na edpr a 26€, ou na Farfetech ´aproveitando a volitilidade´ sem saber uma linha de AT, as mentiras e deturpações sobre fundamentais das cotadas, as mentiras sobre as datas/hora dos meus posts, e por aí diante, um rol sem fim. O Tipo está totalmente destruído psicologicamente, não dorme á meses, tenho a certeza!


Bom Ano a todos. Hoje precipitei-me com a Altri e vendi cedo de mais. Boa Sorte a quem esta dentro!

Altri é para comprar a 5 e vender depois dos 5.6. Até lá é perder comboios.

Benvindo Sr. Nelson e obrigado pelos seus comentarios.

Correto, a semelhança dos PIN cá, mas isso é normal, é no redunda e o q as empresas desejam - ver facilitadas burocracias.

Fora do sítio do tlm.

Negocios: Fábrica da Altri na Galiza recebe distinção como projeto industrial estratégico.

Distinção é como quem diz, classificação.

Só para deixar a noticia mais completa: A fábrica de fibras sustentáveis da Altri na Galiza recebeu a classificação de projeto industrial estratégico, o que vai permitir agilizar um conjunto de procedimentos, acelerando assim o arranque do projeto. Entre as razões para a atribuição desta classificação está o elevado investimento, de 800 milhões de euros, bem como a criação de 2.500 empregos na região. O facto de ser considerado projeto industrial estratégico permite assim processar a atribuição direta da licença para a instalação de uma unidade de produção em Palas de Rei (Lugo) e uma redução dos prazos administrativos. "Esta declaração é um marco importante para a tomada de decisão final de investimento e demonstra o compromisso sólido da Junta da Galiza para com a Altri e o desenvolvimento deste projeto único", refere José Soares de Pina, CEO da Altri, no documento.

Correto, mas tal é o que significam os nossos PIN, facilidades burocráticas ou vias verdes para os negócios, óptimo!

Vivam, não tenho feito mais análises por aqui, porque além do constante ruido que um ou outro interveniente aqui têm feito para gerar pânico a cotada (ando farto de ver postado tanto lixo sem qualquer fundamento, já nem leio, passo á frente) está a fazer tecnicamente exatamente o que se esperava após ter entrado em níveis de oversold quando fez um pouco mais que os 0.786 da retração fibo da onda primária de impulsão e sua estabilização, tal como informei na minha análise técnica de 22/12/2022 ´A cotada fechou com uma doji no diário (mais uma) no processo típico de estabilização após onda major B de correção, tendo a sub-onda de impulsão dos dois últimos dias corrigido até aos 0.780 da retração fib (normal), acompanhando o stoch horário até níveis de oversold associado a volumes muito baixos, estando a desenhar até ver a normal e típica ´escadinha´ elliot para uma provável nova impulsão, num dia de correção generalizada nos principais índices. De resto não se passou mais nadinha. Bons negócios a todos´. Quando assim é pouco mais há acrescentar a não ser que hoje veio testar a resistente cia dinâmica ma20 simples (5,162€) rumo ao primeiro nível fib 0.236 (5,19€) tendo iniciado a referida nova onda impulsão, que agora irá corrigir e/ou estabilizar um pouco de forma a aliviar indicadores como o stoch e rsi horários que já navegam em território de overbught. Mais informo que GP desta nova impulsão situa-se nos 5,56-5,59€. Serenos, acumular ganhos e tudo o resto é conversa.

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Abraço e bom Ano António e a todos por aqui.

Bom ano e obrigado pela disponibilidade.

Obrigado amigo Nelson..Feliz Novo ano.

I love this game :) Bom ano a todos!

Moi aussi, Nelson, não deixe de facultar as suas informações técnicas pois há muito pessoal que agradece. Bom ano .

Sem dúvida Nelson. Obg e bom 2023 ��

Índices Commodities Forex Ações.

Também geram interesse.

Mais Ativa Vencedores Perdedores.

Nossas Aplicações.

Termos e Condições Política de Privacidade Aviso de Risco.

Divulgação de riscos: A realização de transações com instrumentos financeiros e/ou criptomoedas envolve altos riscos, incluindo o risco de perda de uma parte ou da totalidade do valor do investimento, e pode não ser adequada para todos os investidores. Os preços das criptomoedas são extremamente voláteis e podem ser afetados por fatores externos tais como eventos financeiros, regulamentares ou políticos. A realização de transações com margem aumenta os riscos financeiros. Antes de decidir realizar transações com instrumentos financeiros ou criptomoedas, deve informar-se sobre os riscos e custos associados à realização de transações nos mercados financeiros, considerar cuidadosamente os seus objetivos de investimento, nível de experiência e nível de risco aceitável, e procurar aconselhamento profissional quando este é necessário. A Fusion Media gostaria de recordar os seus utilizadores de que os dados contidos neste website não são necessariamente fornecidos em tempo real ou exatos. Os dados e preços apresentados neste website não são necessariamente fornecidos por quaisquer mercados ou bolsas de valores, mas podem ser fornecidos por formadores de mercados. Como tal, os preços podem não ser exatos e podem ser diferentes dos preços efetivos em determinados mercados, o que significa que os preços são indicativos e inapropriados para a realização de transações nos mercados. A Fusion Media e qualquer fornecedor dos dados contidos neste website não aceitam a imputação de responsabilidade por quaisquer perdas ou danos resultantes das transações realizadas pelos seus utilizadores, ou pela confiança que os seus utilizadores depositam nas informações contidas neste website. É proibido usar, armazenar, reproduzir, mostrar, modificar, transmitir ou distribuir os dados contidos neste website sem a autorização prévia e explicitamente concedida por escrito pela Fusion Media e/ou pelo fornecedor de dados. Todos os direitos de propriedade intelectual são reservados pelos fornecedores e/ou pela bolsa de valores responsável pelo fornecimento dos dados contidos neste website. A Fusion Media pode ser indemnizada pelos anunciantes publicitários apresentados neste website, com base na interação dos seus utilizadores com os anúncios publicitários ou com os anunciantes publicitários. A versão em inglês deste acordo é a versão principal, a qual prevalece sempre que há qualquer discrepância entre a versão em inglês e a versão em português.

Forex eas 5

Best Forex EA – Top Providers for 2023.

Looking for the best forex EA? We've reviewed the top providers and provided a step-by-step guide on how to get started.


Updated: 15 December 2022.

Author: Kane Pepi.

Updated: 15 December 2022.

Forex EAs (Expert Advisors) allow you to trade in an automated manner via pre-programmed software. The software works like a Bitcoin Robot, it will buy and sell orders on your behalf, as per the underlying conditions it has been programmed to follow, meaning you can trade forex without having to do any of the work. But how do you find the best forex EA for you?

In this article, we review the best forex EA platforms of 2023 . We also explore the ins and outs of how the process works and provide helpful tips on how to choose the right EA.

On this Page:

Contents [ show ]

What is a Forex EA?

A Forex EA is a piece of software that has been programmed to trade on your behalf. Otherwise referred to as a ‘forex robot‘ or ‘automated system’, EAs take away the manual side of trading.

Instead, the underlying software will place buy and sell orders for you, fully in-line with the conditions it has been instructed to follow. The best forex ea platforms are commonly based on complex algorithms and technologies like artificial intelligence and machine learning.

This in itself comes with a number of benefits. For example, no longer do you need to worry about the emotional side effects of forex trading, as the software bases its decisions on a ‘what-if’ algorithm. If the software is programmed to buy a major currency pair when the RSI (relative strength index) hits 30, this is exactly what it will do.

Similarly, the forex EA essentially allows you to trade 24 hours per day, subsequently allowing you to access several global markets without needing to worry about fatigue. This means you can trade forex without having to put in the many hours of research required if you were to do things manually.

In terms of how to choose a forex EA, you typically have two options. If you have an element of knowledge in programming, you can build an advisor yourself. This will ensure that the forex EA mirrors your trading strategies like-for-like. If you don’t know how to build trading software code, then you can purchase a pre-programmed EA robot from heaps of online sources.

When it comes to the fundamentals, there are generally two stakeholders that help facilitate the forex EA process. Firstly, you will need to choose the best trading platform which is fully compatible with forex EA software, like MT4 or MT5. Secondly, you will also need to use an online forex broker that is compatible with the aforementioned trading platforms. After all, you will be placing real-world buy and sell orders on your chosen forex pairs.

Best Forex EAs of 2023.

If you like the sound of what a forex EA can do for your long-term investing goals, you now need to find a provider that meets your needs. On the one hand, having hundreds of providers to choose from gives you ample choice. On the other hand, this can make it difficult to know which forex EA to go with.

To help you along the way, below we’ve reviewed our picks for the best forex EAs of 2023.

Regulated Platforms That Support Forex EAs.

So now that you have a few options in the forex EA robot department, you need to start thinking about your chosen online broker. As we noted earlier, there are two key metrics that you initially need to look out for. Firstly, you need to ensure that the forex broker offers support for MetaTrader 4 or 5. Secondly, you then need to clarify whether or not you are able to use your forex EA robot with the broker.

With this in mind, below you will find our top-rated (regulated) platforms that support the best forex EAs.

How to Choose the Right Forex EA for you.

There are literally hundreds, if not thousands of forex EA providers active in the online space. Most of these providers make super-bold claims on the guaranteed returns they can make for you, when in truth, this rarely comes to fruition. As such, you need to do your homework on your chosen forex EA prior to taking the plunge.

This means that you need to do your research to find the best EA for forex. To help you out, we’ve listed some of the considerations that you need to make when choosing an EA for your forex trading.

One of the most important metrics to look out for is whether or not you are able to verify the EAs stated results. For example, it’s all good and well if the provider claims to have made average returns of 80% per month since it was launched, but how do you know if this is true?

Crucially, the only way for you to determine this is to choose a forex EA that has partnered with a platform like MyFXBook. This is where they connect their MT4/5 account with the platform, which in turn, releases the trading results of the EA in question.

It’s important to remember that the pricing of the best forex EA providers generally reflects their results. After all, would you rather pay $300 for a forex EA that makes you money, or $25 for a bot that makes you a loss? Generally speaking, you get what you pay for in the world of automated systems. With that said, you don’t want to be forking out heaps of money if you have no way of verifying the EA’s historical track record!

You need to assess what trading platforms the forex EA is compatible with. In the vast majority of cases, the EA will work with MetaTrader 4 (MT4). If you prefer to use Meta Trader 5 (MT5), then you will need to find an EA robot that is compatible. Similarly, you also need to ensure that your chosen broker allows usage of forex EAs, as not all do.

You will need to pay to obtain a forex EA. After all, providers are not going to spend countless months or years perfecting the robot, only to give it away for free. With that said, check to see what payment methods the provider supports. You usually get the option of a debit/credit, though some of the best forex EA providers accept e-wallets like PayPal.

Each Forex EA will have its own trading strategy. For example, while some will focus on indicators like the RSI or Exponential Moving Averages, others will utilize a strategy that centres on Fibonacci Retracement Levels. Either way, you need to have a firm understanding of how the forex EA operates to avoid going into this in the dark.

It’s absolutely crucial that you choose a forex EA provider that offers ongoing support. After all, there might come a time where you need to make some adjustments to your bot. As such, explore what customer support channels the EA provider offers, as well as the days and working hours they’re operational.

How to Get Started With a Forex EA.

Like the sound of forex EAs, but not too sure where to start? Below you will find a Layman’s step-by-step on how you can get your forex EA strategy started today!

Step 1: Choose a Forex EA.

Your first port of call will be to choose a forex EA that meets your needs. Refer to the section above for some handy tips on how to choose a forex EA that meets your long-term investing goals.

If you don’t have time to perform your own research to find the best EA for forex, you’ll find our top picks further up on this page.

Step 2: Open an MT4/5 Forex Broker Account.

Next, you’ll need to choose an online forex broker that:

Offers full support for MT4/5 Allows you to trade with a forex EA.

Once you have found a suitable broker, you’ll need to open an account. This will require a range of personal information from you, such as your name, date of birth and email.

As you will be using a trusted regulated broker, you will also need to verify your identity. This requires two documents in particular – a government-issued ID (passport or driver’s license) and a proof of address (utility bill or bank account statement).

Step 3: Deposit Funds.

You will now need to deposit some funds at your chosen forex broker. This is to ensure your forex EA is able to place buy and sell orders on your behalf.

Payment methods typically include:

Debit Cards Credit Cards E-Wallets Bank Wire.

Step 4: Download MT4/5 and Install Forex EA.

Now that you have a fully-funded, verified forex brokerage account, you will now need to download MT4 on to your device. Crucially, the forex EA will not be able to trade on your behalf via the browser-based version of MetaTrader.

Once you have downloaded MT4/5, you will then need to link the platform with your forex EA.

Find the location on your device that you download the forex EA Copy the file Head over to the MetaTrader folder on your device Open the ‘Experts’ folder Paste the EA robot file that you previously copied.

Step 5: Activate Forex EA.

You will now need to activate your forex EA. Open up your MT4/5 platform and click on the ‘Expert Advisors’ button (beneath Navigator on the left-hand side of the screen).

After that, click on the ‘+’ button, and look for the forex EA that you downloaded and transferred into your MT4 folder. You then need to drag the EA into the main charting area of your MT4/5 screen.

Finally, a pop-up box will then appear asking you to confirm your settings. You will need to tick the ‘Allow Live Trading’ box if you want your bot to trade in real-world conditions.


In summary, the vast bulk of the forex EA space is dominated by providers that claim unprecedented monthly returns. In truth, unless you have a way to verify these claims, you should probably avoid the provider in question. With that said, there is still a good number forex EAs on the market that offer transparent trading results.

If you do find a credible provider, you stand the chance of trading on a full-time basis without needing to lift a finger. Just make sure that you do your homework before parting with your money – and never trade with more than you can afford to lose!


What is a forex EA?

A forex EA (Expert Advisor) is a piece of software that places buy and sell orders on your behalf. The bot is required to follow a set of pre-defined conditions. You will need to link your forex EA up with either MT4/5, which in turn, needs to be linked with a regulated online broker.

What is the best forex EA?

There is no one size fits all answer to this question, as no-two forex EAs are the same. For example, while some focus on low-risk scalping strategies, others will utilize a more aggressive system.

How much money do I need to use a forex EA?

There are two costs in particular that you need to consider. First and foremost, forex EAs typically charge a one-time fee for the software, which averages at around $200-$300. Secondly, you will also need a fully-fledged trading account, which will also come with a minimum deposit.

Are there any free forex EAs?

Yes, but whether or not a free forex EA can make you money remains to be seen. Think about it - would you spend countless months building a forex robot from the ground-up, only to then give it away for free? Even the best free forex EA providers are likely not very reliable.

Are forex EAs reliable?

There is never any guarantee that your forex EA will not lose your money. This is especially the case during volatile market conditions, where its standard technical strategies might be rendered ineffective.

Forex eas 4

Forex Expert Advisor.

Forex Experts Advisors (EA’s) are designed to help you automate your forex trading. Expert Advisors monitor Forex markets around the world to identify the best trading opportunities for potential profits and provide signals for you to act on.

Written by Justin Grossbard.

Written by Justin Grossbard Co Founder.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Each month we update average spreads data published by the brokers the retail brokers lose %

We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here.

Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

Table of Contents.

What is an Expert Advisor (EA)? How Does an Expert Advisor Work? How to run an Expert Advisor (EA) on MetaTrader 4 (MT4) Types of Forex Expert Advisors Why you Want to Use an EA? Things to Consider Before Buying an EA Final Thoughts.

The Best Forex Expert Advisor Guide.

Learn everything you need to know about Forex expert advisors (EA’s) and so you can allow a trading robot to scan the market so you can free up time to do other things. Since the Forex market is active 24 hours per day, 5 days per week, trading opportunities are infinite.

Because of the sheer weight of opportunities, even the most experienced traders will never be able to track, analyse and make trading decisions on market developments 24/5. This is where the Forex expert advisor steps in, a piece of software that ensures ultra-fast processing of market data and greater precision than even the most experienced traders.

In this complete beginner’s guide to automated trading, we will cover these essential topics:

How an expert advisor actually operates, How you can run an EA on particular trading software (MetaTrader 4), What advantages EAs offers, What Forex traders should take into account prior to using an expert advisor.

What Is An Expert Advisor (EA)?

A Forex expert advisor (Forex EA) is software that analyses market conditions and utilises algorithms and technical indicators to notify Forex traders of potential trading opportunities.

Forex EAs are algorithms designed to help find the best entry points for a trade, as they can indicate the lowest price level to buy and the highest price level to sell. These indicators utilise a set of yes/no rules and sophisticated mathematical models to help traders implement trading strategies.

Expert advisors are usually built-in MetaQuotes Language (MQL) programming language to be compatible to use with a certain trading platform, nearly always MetaTrader 4 (MT4) or MetaTrader 5 (MT5).

MetaQuote language (MQL4) can be used to develop 4 different types of automated programs:

Trading robot (Expert Advisor) Custom Indicators Scripts Library.

Developers constantly backtest the best strategies, or in other words, they assess their viability by discovering how well those strategies would perform when historical data is used.

An Expert Advisor Is Not Necessarily A Trading Robot.

There is a tendency for expert advisors to be used as synonyms of trading robots. However, there is a key difference between the two.

An expert advisor analyses all the possible variables and notifies traders about the best trades in a given currency pair or other CFDs such as stocks, indices, commodities, and cryptocurrencies. It does only that, alerts traders about a potential trade, but the final decision whether to take advantage of that trade is up to traders themselves.

On the other hand, a trading robot will not only advise about a potential trade but take action. A Forex robot will place trades continuously, based on traders’ preferred trading style and parameters (trading amount, Stop Loss level, Take Profit level), regardless of the outcome.

Many expert advisors can also perform functions that trading robots do, such as automatically execute and close trades by the EA algorithm.

How Does An Expert Advisor Work?

Basically, an expert advisor can be programmed to generate trading signals automatically and alert traders of an opportunity to place a trade. A Forex robot, or another type of automated trading system, uses algorithms to identify market patterns, generate trading signals, and trade automatically on a person’s behalf.

Both expert advisors and trading robots function based on a set of parameters in order to detect trading opportunities and then execute the trades.

An expert advisor combines numerous yes/no rules into a sophisticated mathematical model, which allows it to execute complex trading strategies. A Forex robot, at the same time, will use computational power to make trading decisions and open positions almost immediately.

There are expert advisors designed to take full control of one’s trading account. Such an EA will analyse a trader’s current account balance and then decide what portion of it to put at risk. The golden rule is to risk no more than 1% to 2% of the total account balance on each trade.

VPS Hosting For Forex Expert Advisors.

In order to allow an expert advisor or a trading robot to operate even when the PC is turned off, Forex traders may use a virtual private server (VPS). What the latter does is host an instance of the MetaTrader 4 trading platform on an external server, which operates all the time, allowing the EA to function without any interruption.

How To Run An Expert Advisor (EA) On MetaTrader 4 (MT4)

Traders can either build an expert advisor for the MetaTrader 4 trading platform by using the MQL4 programming language, MetaTrader 5 trading platform by using MQL5 or build less sophisticated EAs with the help of the platform’s inbuilt wizard.

For example, traders can build an EA to detect mean reversion opportunities on a given currency pair (say EUR/GBP) with the use of the 20-day Exponential Moving Average indicator. The expert advisor will constantly monitor that Forex pair and will alert traders in case EUR/GBP breaks out of the 20-day EMA.

Traders can also use a pre-built expert advisor on the MetaTrader 4 software.

Installing And Running A Forex Expert Advisor On The MetaTrader 4 Platform.

Once a trader has found an EA to use on the MetaTrader 4 platform, he/she will have to copy it in the “Experts” folder where the trading platform is installed on his/her PC. That folder should be located on the “C:” drive.

The fastest way to locate the installation folder on your PC is to go directly to your MT4 platform –> File –> Open Data Folder (see figure below).

Each expert advisor (EAs) is comprised of two files:

.ex4 – used to launch the expert advisor in the MetaTrader 4 terminal, .mq4 – used to adjust the code of the expert advisor.

More complex EAs may contain extra files to operate correctly.

All files needed for the working process of the expert advisor can be found in the Data Folder of the MetaTrader 4 terminal. Once the platform is launched, a trader needs to click on “File” in the navigation menu and then select “Open Data Folder”. Inside it, the trader needs to go to the “MQL4” and then the “Experts” folder. After that, he/she needs to copy and paste the two files (.ex4 and .mq4) into that folder.

In case the expert advisor is based on custom indicators, they should be placed in another folder – MQL4 –> “Indicators”. .dll files should be placed in MQL4 –> “Libraries” folder.

Once all the files are copied into the respective folders, the trader needs to open the “Navigator” section of the MT4, right-click on the “Expert Advisors” and then click on “Refresh”. The expert advisor will now be successfully installed in the MetaTrader 4 terminal and can be found in the “Navigator” section.

Allow Automated Trading On MetaTrader 4.

The trader needs to check the settings of the expert advisor before launching it. He/she needs to go to “Tools” –> “Options” and in the active window open the “Expert Advisors” tab. The trader needs to make sure that “Allow automated trading” and “Allow DLL imports” options are enabled (see figure below).

He/she also needs to make sure that the “AutoTrading” setting is enabled on the MetaTrader 4 terminal – it should have a green indication when turned on (see figure below).

The trader can now launch the expert advisor. He/she needs to make sure that the chart of the desired trading instrument with the desired timeframe has been opened so that he/she can use the expert advisor with it. In the “Navigator” section, the trader needs to unroll the “Expert Advisors” menu and choose the expert advisor he/she wishes to launch. The trader may either double-click on the expert advisor or drag-and-drop it onto the active chart.

The expert advisor’s settings window will now open. The trader needs to go to the “Common” tab to make sure that “Allow live trading”, “Enable alerts”, “Allow DLL imports” and “Allow import of external experts” settings are enabled.

Then, he/she needs to go to the “Inputs” tab to make sure that all the expert advisor’s parameters are set according to his/her trading strategy.

Once all the settings have been checked, the trader may click “OK” to launch the EA.

The trader needs to make sure that the expert advisor is running. In case the EA has been installed and launched successfully, a smiley face will appear in the top right corner of the chart next to the EA name.

There are three distinct modes in which your Expert Advisor can appear on your chart signalled by three different emoticons (see table below).

Expert Advisor Emoticon ✘ ☹ ☺ Meaning EA is disabled EA is enabled, but the option “Allow Live Trading” is disabled EA is enabled and is working properly.

Also, the trader needs to check the “Experts” and “Journal” sections of the MT4 terminal – in case no error alerts are presented there, then the EA has been launched and is already running.

Types Of Forex Expert Advisors.

Depending on the algorithm and the trading styles, on which it is based, Forex expert advisors can be grouped into several categories:

Expert advisor for news trading Expert advisor for hedging Expert advisor for breakout trading Expert advisor for scalping Adaptive expert advisor.

Forex News EA.

The news expert advisor will usually keep track of major news announcements and buy and sell currencies based on the market volatility around news events. The EA reacts to events such as central bank policy decisions, GDP, employment growth, inflation and other macroeconomic reports and alerts traders of potential opportunities to open a position.

Forex Hedge Expert Advisor.

The hedge expert advisor is a strategy that places two opposing positions (buy and sell) in the same currency pair, to protect against adverse price movements. In case the original position closes at a loss, the hedge positions (which are in the opposite market direction) will generate profits. In case the original position closes at a profit, the hedge positions may not even be triggered and will instead be cancelled. Since “perfect hedging” does not exist, this expert advisor will simply help traders minimise drawdown.

Forex Breakout EA.

The breakout expert advisor is designed to take advantage of those situations where the price breaks a significant level. The significant level can be an important support and resistance level, a moving average, previous swing high and low, etc. This expert advisor type will conduct constant technical analysis of market conditions to determine when a breakout occurs in a given currency pair.

A breakout often leads to quick and sharp price movement. In this regard, retail traders are better off using an expert advisor which can react more quickly to changes in price trends.

Forex Scalper Expert Advisor.

The scalping expert advisor is an automated trading system that will buy and sell multiple times a day in an attempt to capture a profit from very small price movements. Scalping in the foreign exchange market involves buying and selling currencies based on technical indicators (RSI, MACD, stochastic, moving averages, etc.).

This EA works best when currency pairs’ spreads are narrower and the trading platform’s execution speed is faster. A low-latency true ECN brokerage may be the best choice for Forex traders who employ scalping strategies. A market maker is not suitable.

Forex Adaptive EA.

The adaptive expert advisor is a trading system that as the name suggests adapts to the constant market changes. Adaptive quantitative trading relies on a machine-learning algorithm to come up with the most profitable trades. This type of EA is mostly used by the more sophisticated traders.

Why You Will Want To Use An EA?

The main reasons to use expert advisors and trading robots in Forex trading can be summarised as follows:

Easy to Use Flexibility Save Time Trading robots are emotionless You can know the EA past performance ahead of time.

Easy To Use.

First, a forex expert advisor can easily be accessed and used. It is not necessary for a trader to be really that well versed in MQL coding in order to make changes to an expert advisor’s code. With some automated trading systems, there are convenient ways to access the source code and modify all the trading parameters, including Stop Loss level, slippage rate or the number of trading positions. Meanwhile, people who feel confident that coding is their strength will always be able to create an EA exactly according to their own preferences.


Second, even though a Forex robot is usually meant for use in Forex trading, it offers sufficient flexibility to be applied in trading other CFDs (on Commodities, Stock Indices, Cryptocurrencies and so on). The expert advisor can be programmed to react to price moves, technical indicators, or news announcements across a variety of tradable instruments.

Saves Time.

Third, using an expert advisor can save traders time. The automated trading system will constantly monitor market developments and will do so in a much more precise manner than most human traders would. The EA will run every day without interruption, while traders will be able to focus on other daily activities (work engagements, hobbies, spending time with family etc.) without missing a single trading opportunity.

Trading Robots Are Emotionless.

Fourth, manual trading can always be affected by emotions such as greed or fear. Emotions can prompt a trader to continue holding a losing position for longer than he/she should, simply because he/she does not want to take that loss. Emotions can also urge a trader to enter the Forex market way too quickly, without carefully assessing market conditions.

Perhaps one of the greatest advantages of using an automated trading system is that emotion is completely taken out of one’s decision-making. The EA’s algorithm simply views trading the financial markets in black and white – a series of instructions that must be followed.

You Can Know The EA Past Performance Ahead Of Time.

Last but not least, you can know ahead of time the EA’s past performance. Traders can backtest their expert advisor on the MetaTrader 4 platform before allowing it to operate through a live account. Backtesting is the process through which we can test the potential profitability of a trading system.

Things To Consider Before Buying An EA.

Before using an EA, traders should pay attention to the following considerations:

EA need constant optimisation – Regardless of that emotions are completely taken out of the decision-making process, the lack of human interaction makes an EA incapable of reacting quickly to changing market conditions and incapable of “thinking” in a creative way. Therefore, the performance of an EA needs to be constantly checked, so that a trader can determine whether it is in unison with his/her trading goals. Be aware of the EA scams – The Forex space has been flooded with EAs that are nothing more than a scam. In case a trader comes across an EA product that promises greater returns compared to those of some of the most successful fund managers, at a very affordable price, then perhaps it is an offer too good to be true! Therefore, carefully researching a particular expert advisor or trading robot before buying it is imperative. Be aware of martingale EA systems, which increases the USD value of your position after a loss. Check out how to avoid and identify forex robots trading scams HERE. You need a VPS to run the EA 24/5 – The Forex EA can only be accessed from the device where it has been installed, while the EA can only operate when that device is turned on and when the platform is connected to the Internet. Note that the EA service can experience interruptions due to power outages or Wi-Fi connectivity problems. Therefore, the solution is a virtual private server (VPS), which allows the EA to operate round the clock.

Final Thoughts.

Using an automated trading system certainly offers benefits – it will operate while traders are sleeping, it will never give in to emotions and it can be backtested swiftly. However, we should point out that it would be difficult to determine if an expert advisor or a Forex robot will be able to help a trader achieve consistent profitability.

In case a trader is looking for a free pre-built expert advisor, he/she should do some research to find relevant reviews by other traders and, after finding such an EA, he/she should test it on a demo account first.

About the author: Justin Grossbard.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.