What is an expert advisor?
An expert advisor (aka EA, Forex trading robot, Forex Bot, Automatic Trading System) is a special type of application that runs in your MetaTrader terminal and is constantly connected to your brokerage account. Expert advisors can open, change, and close positions on your trading account, providing automation of your trading activities. Automation of the trading process depends on the goals and capabilities of the expert advisor in question: some advisors only help to open or manage positions and orders, while others can conduct automatic trading based on their trading strategy.
Is my presence required for an Expert Advisor to work?
Expert advisors do not require your constant presence but require configuration and constant monitoring of the program.
What do I need to work with an advisor?
You need a trading account opened with a broker that works with the MetaTrader trading terminal. If your expert advisor is fully automatic, you will need a virtual private server (VPS) so that the expert advisor is always connected to the broker's server. (VPS) will allow the expert advisor to work around the clock. As a VPS analog, you can set up your home computer and leave it running 24/7. Please note that expert advisors will not work if you close the MetaTrader terminal or turn off your computer.
Are expert advisors you offer fully automated?
Most of the expert advisors we offer are semi-automatic trading strategies. Such expert advisors require correct and timely configuration or adjustment of input parameters. Our expert advisors are automated trading systems that can conduct a full cycle of trading operations. Each expert advisor is a unique trading strategy that requires careful study. Successful traders around the world use automated trading strategies to improve their profit, yield, and risk indicators. Even high-quality Forex expert advisors require constant monitoring and regular adjustment of input parameters.
Can these expert advisors trade without my control?
An automatic trading strategy can work without the trader's control, but in this case, any failure on the computer, any failure on the broker's server side, any not predictable and not standard movement of the forex market, stocks, or futures can lead to unpredictable consequences. Trading strategies developers, as well as successful traders in their recommendations always recommend monitoring the work of an expert advisor and adjusting the settings depending on the market situation. This approach can be compared to driving a car. Watch the turns of the road, change the gear in time, do not break the rules of the road.
What are the advantages of your expert advisors?
Each of our expert advisors is a unique application for MetaTrader. Our expert advisors are well programmed and are regularly updated. The updates not only fix errors, but also add new functionality. We make no promises or guarantees of success. Expert advisors are mere tools in the hands of a trader, and not machines for printing money, as they say on many Internet resources. Our expert advisors are original trading strategies, we do not use other people's tactics, source codes or ideas.
How do I install and run an expert advisor in my MetaTrader terminal?
Once you have downloaded the expert advisor file, unzip the archive to your desktop, open your MetaTrader terminal, click File - > Open Data Directory - File Browser opens - and copy the expert advisor file to the MQL -> Experts folder. Then restart the MetaTrader terminal and drag the expert advisor from the navigator to the chart window. Please note that Windows cannot automatically install expert advisors in your MetaTrader terminal: the expert advisors must be installed manually. An important point when launching an expert advisor is the permission for it to trade in the MetaTrader settings.
Do you provide Expert Advisors for free?
Yes, we do! All our programs can be obtained for free, at zero cost, due to shareware licensing. All you need to do is open a brokerage account with one of our partner brokers. After you create a brokerage account and open a trading account, request a free license for all programs through the "License Request Form". Learn more about the free access terms.