Automated Futures Trading - MQL5 Robots and Expert Advisors(EAs)
MQ5 Code Base is the official coding community for automated trading strategies commonly known as EAs or EA Futures Robots. EA Futures Robots is a popular topic. However, challenge is how to find nice quality EA. This is where MQL5 Futures Expert Advisor(EA) Market comes in: hosted by MetaQuotes Software Corp., The Developers of MetaTrader Platform Software - to get a nice quality EA one Should join this code base.
A library of Robots & Automated Trading Strategies
Futures Expert Advisor(EA) Forum - Expert Advisors (Futures Robots): www.mql5.com/en/market
For a new novice trader wanting to learn what's automated trading, place to begin at is at official MQL5.com codebase that's provided for by MetaQuotes Software Corp. The maker of MT4 futures Platform.
Get Free Futures EAs as Well as Paid Ones
About Automated Futures Bots
You can go to code base site & get MT4 Automated FX EA Programming Guide and learn how to automate forex trading and write an Expert Advisor. But because most people may not want to learn a programming language or take up the difficult task of developing automated trading systems and might want to use their precious time for trading currencies and earning profits, for those who don't want to learn coding they can directly access the futures robots listed on this market: where coders using EA Futures Robots that are profitable sell their automated systems, others can then buy automated EA(Expert Advisor) robots from the forum community members or place an order for one to be coded/programmed for them from this codebase forum.
This code base is also a good place for experienced fx traders, it allows traders that can demonstrate that have a profitable futures bots to get additional/extra revenues by selling their Expert Advisor(EA) Futures Robots, these are also made available direct From MT4, where potential buyers of EA Futures Robots can access them. Screen-shot below shows how a fx trader can access these MT4 automated EAs on their platform.
Access Automated Softwares From the MetaTrader 4 Automated Platform
EA CodeBase Community Forum - for Traders Wanting to Automate Trading
From the above screen shot trader can access the CodeBase Market directly from their platform. A trader then can automatically install the EA on to their MT4 platform software and begin trading with it. The Market contains free EA Robots as well the paid ones. A trader can also try out any of the above Expert Advisors by downloading their demo version after signing up in this Forum.
As a forex trader wanting to find professional automated Expert Advisor(EA) bots & systems this is the place where to start.
How to Get and Find a Robot
Once you have downloaded MT4 Software Platform and set up it in your Desktop computer. You will then have to open MT4 Tool Box: The Tool-Box can be opened by pressing CTRL+T key-board short cut keys. After launching the tool box choose the " Market " tab as is shown & displayed on the screen-shot below.
A list of the available Expert Advisor Futures Robots will be shown as it's shown/illustrated below. You also can choose a robot/bot from the various categories such as displayed & displayed below.
Library of futures Trading EA Futures Bots
You then can choose the one that is suited for your trading style. Each and Every item on this listing has extensive explanation of how it operates and you as a trader can use this info to choose one that is suited for your trading methods based on the explanation.
The different applications that a forex trader can use, among the ones you as a trader can purchase are:
- EAs
- Custom Indicators
- Panels
- Libraries
- Analyzers
- Utilities
You can select any of these based on the categories such as illustrated & displayed & shown on image screen shot above. If you need to know what's an automated Expert-Advisor, custom indicators, libraries, panels, utilities and analyzers in trading platform are you'll need to go/navigate to Code Base Community.
Once you have visited and decided and determined which type of application that you require, next step is to register and become a part of this programming/coding forum. After signing up you will then get a account and you as a trader can interact with other community members and get access to multiple Expert Advisor Futures Robots. To signup - go to Registration Page on their web site.
After signing up in community you will then needs to obtain credits. Credits is the currency which's used so as to get the automated trading strategies available. To get credits you will need first to some money into your MQL5 account.
You will then use this account and the password that you get to set up the futures automation on your MT4 platform as portrayed below. These settings will be setup on your MetaTrader 4 that's installed in your PC computer, and not on MQL5 web site - but you'll first get them from MQL5.com community website then set them on your MT4.
Setting Up An Account to Use for Automated Trade in MT4 Platform
Log in to MQL5 Account from MT4 Software
To get to the above window, Navigate to " Tools", Next to " File, View " at left top corner of MT4 software. Click Tools >>> Press Options, the above window will appear.
Select and Choose the " Community " just as is shown above, and then type your Login details: Your Log In and Password.
Once this is complete you'll now have complete access to the Market, and you as a trader can setup any of the futures robots on your software & start automated trading.
How to Test Automated FX Trading Expert Advisor System Before and Prior to Buying
Prior to purchasing an automated trade robot, there's also an option that is provided for to testout and find the automated strategies that work for you before buying - by downloading practice demo edition of the bot that you want and testing it out before purchasing it. This way you as a trader can try the automated system you want by testing its trading strategy using strategy tester panel.
Review and Info about the Automated Trading Strategies Details
From the exemplifications revealed above, screen-shot indicates to you how to setup an EA from the MetaTrader 4 tool box by purchasing it using your credit points or by first downloading the demo bot download edition to test the trade strategy.
All these automated trade strategies are available from the MQL5 site & they also can be accessed from the MetaTrader 4 Platform. Once a trader gets an Automated Trade System they can then setup and use this application on 3 different Computer PCs.
Posting Of Automated Expert Advisors(EAs) by EA Developers and FX Trading Analysts
As a developer of EAs that are profitable, you as a trader can get to post your EA(Expert Advisor) by registering as a seller . You can get access to a big number of prospective customers by posting your automated bot that can become a mass selling product.
Once you complete the registration process your Expert Advisors(EAs) will be hosted in MQL5 Community and you'll make money each time your EA Bot is purchased. As a developer you get to determine and set the price for your Expert Advisor(EA) Robot, the more profitable it's the more dollars in price you then can set it for.
Once you as a trader setup your sign-up, traders can then buy & download your automated bots direct from the MetaTrader 4 Software Platform. Every buy must get an activation number from the MQL5 Community, activation number is only limited to a couple of PC computers, 3 computers. Hence no one can purchase & then start reselling your Automated Trade System because it would need an activation code from MQL5 Code Base Forum Website
To protect the creators, each purchase of an automated strategy is associated to account of a trader in MQL5 web site and a specific PC computer, purchase is not associated to the online broker platform software neither is it associated or linked to the futures account with the online broker. It's only associated to the MQ5 forum account which the trader has on this Community.
Those wanting to purchase can also try demo editions of the Bot, but this demo version edition can only be run on ' Strategy Tester', and demo edition can not be run on real environment. This ensures that a buyer can test out an Expert Advisor's profitability before purchasing it, at same it will also ensure that the demo version of your EA(Expert Advisor) can not be used to trade in the real market, not until the time when it has been purchased and activated.
How to Choose & Select Automated Robots
All Expert Advisor Futures Bots are listed on MT4 automated platform have photos & a brief review that one can click and read about each.
list of EA Futures Robots in MT4 Which Can Be Used in Automated Futures Trading
Upon clicking on any of these trading systems, one can then read a summarized review of its data that will include even the history of trade transactions made that look like the trading report generated below:
One then can choose an automated trading program from listing of those provided depending on one that's most lucrative and suitable for them based on their trading strategy.
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