Automated Futures Trading - MQL5 Robots and Expert Advisors
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 a good quality Expert Advisor. This is where MQL5 Futures Expert Advisor Market comes in: hosted by Meta-Quotes Software Corp., The developers of MetaTrader Platform - to get a good quality EA one Should join this codebase.
A library of Robots & Automated Trade Strategies
Futures Expert Advisor Forum - Expert Advisors (Futures Robots): www.mql5.com/en/market
For new starter trader wanting to learn what's automated trading, place to begin at is at official MQL5.com code base that is provided by MetaQuotes Software Corp. The maker of Meta Trader 4 futures Trading Software.
Get Free Futures EAs as Well as Paid Ones
About Automated Futures Bots
You can go to code base site & get MT4 Automated Forex 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 on the task of creating automated trading systems and might want to use their valuable 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 from them or order for one to be coded for them from this codebase.
This code base also is a good place for experienced currency traders, it allows traders that can demonstrate that have a profitable futures bots to get additional earnings by selling their Expert Advisor Futures Robots, these are also made available direct From MT4, where potential buyers of Expert Advisor Futures Robots can access them. Screen-shot below shows how a trader can access these MT4 automated Expert Advisors on their platform.
Access Automated Softwares From the MetaTrader 4 Automated Platform
EA Code-Base Forum - for Traders Wanting to Automate Trading
From the above image trader can access the Codebase Market directly from their platform. A trader then can automatically install the EA on to their MT4 platform 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 Community.
As a trader wanting to find professional automated Expert Advisor bots & strategies this is the place to begin.
How to Get a Robot
Once you have downloaded MetaTrader 4 Platform Software and set up it on your PC Desktop computer. You will then have to open MT4 Toolbox: The Tool Box can be accessed by pressing CTRL+T keyboard short-cut keys. After launching the tool box choose " Market " tab as shown & displayed on the screenshot below.
A list of the available Expert Advisor Futures Robots will appear as it is illustrated below. You can also choose a robot from the different categories as shown & displayed below.
Library of futures Trading EA Futures Bots
You then can choose the one that is suited for your style method. Each and Every item on this listing has extensive explanation of how it operates and you can use this information to choose one that is suited for your methods based on the explanation.
The different applications that a trader can use, among the ones you can purchase are:
- Expert Advisors
- Custom Indicators
- Panels
- Libraries
- Analyzers
- Utilities
You can select any of these based on the categories as illustrated and shown on image above. If you need to know what's an automated EA, custom indicators, libraries, panels, utilities & analyzers on trading platform are you'll need to go to the Codebase Community.
Once you have visited & decided which type of trading application that you require, next step is to register & become a part of this programming forum. After signing up you'll then get an account and you can interact with other community members and get access to multiple Expert Advisor Futures Robots. To sign up - 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 is used in order to obtain the automated trading strategies available. To get credits you'll first need to deposit some money in to your MQL5 account.
You'll then use this account & the password that you get to set up the futures automation on your Meta Trader 4 platform as portrayed below. These settings will be setup on your Meta Trader 4 that is installed on your PC Desktop computer, and not on MQL5 web site - but you will first get them from MQL5.com community website then set them on your MetaTrader 4.
Setting Up An Account to Use for Automated Trade on MT4
Log in to MQL5 Account from Meta Trader 4 Software
To get to the above window, Navigate to " Tools", Next to " File, View " at left top corner of MT4 software. Click Tools >>> Click Options, the above window will pop up.
Choose " Community " as shown above, and then type your Login details: Your Sign In and Password.
Once this is complete you will now have complete access to the Market, & you can set up any of the futures robots on your trading software and start automated trading.
How to Test Automated Forex Trading Expert Advisor System Before Buying
Before buying an automated 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 demo edition of the bot that you want and testing it out before buying it. This way you can try the automated system you want by testing its trading strategy using strategies tester panel.
Review and Information of Automated Strategies Details
From examples above, screenshot shows you how to setup an EA from the MetaTrader 4 toolbox by buying it using your credit points or by first downloading the demo bot download version to test the strategy.
All these automated trade strategies are available from the MQL5 site & they can also be accessed from the MetaTrader 4 Platform. Once a trader gets an Automated Trading System they can then setup and launch this application on 3 different Computers.
Posting Of Automated Expert Advisors by Expert Advisor Developers and FX Trading Analysts
As a developer of Expert Advisors that are profitable, you can get to post your EA by registering as a seller . You can get access to a big number of prospective customers by posting your automated trading bot that can become a mass selling product.
Once you complete the registration process your Expert Advisors will be hosted in MQL5 Community and you will make money each time your EA Bot is purchased. As a developer you get to set the price for your Expert Advisor Robot, the more profitable it is the more dollars you can then set it for.
Once you as a trader setup your sign-up, traders can then buy & download your automated bots direct from the MT4 Software. Every purchase must get an activation number from the MQL5 Community, activation code is limited only to a few computers, Three computers. Hence no one can purchase & then start reselling your Automated Trading System because it would need an activation 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 Desktop computer, purchase is not associated to the broker platform software neither is it associated to the futures account with the online broker. It's only associated to the account which the trader has on this Community.
Those wanting to purchase can also try demo versions of the Bot, but this edition can only be run on ' Strategy Tester', and demo edition cannot be run on real environment. This ensures that a buyer can test out an Expert Advisor's profitability before buying it, at same it will also ensure that the demo edition of your EA cannot be used to transact in the real market, not until the time when it has been purchased and activated.
How to Choose Automated Robots
All Expert Advisor Futures Bots are listed on MT4 automated software have snap-shots & a brief review that one-can click and read about each.
list of Expert Advisor Futures Robots in MetaTrader 4 That Can Be Used for Automated Futures Trading
Upon clicking on any of these systems, one can read the review its information which will include even the history of the transactions made that look like this:
One then can choose an automated trading program from listing of those provided depending on one that is most profitable and suitable for them based on their strategy.