MQL5 Bots & Expert Advisors Code Base Library - MT4 Forum and MT5 Forum
MQL5 Code Base is the official coding community for automated systems commonly known as MetaTrader 4 Automated EAs or EA Robots. EA(Expert Advisor) Bots is a popular guide. However, one of challenge is where to find nice quality robot. This is where MQ5 Expert Advisor(EA) Market comes in: provided by Meta Quotes Software Corp., The Developers of MetaTrader Software - to get a nice quality EA one Should join this code base.
MT4 forum and MT5 forum, A library of Bots & Automated Strategies
EA Community - Automated System EA: www.mql5.com/en/market
For a beginner trader who wants to know what is automated trading, the place to start and begin at is at the official MQL5 code-base MT4 forum and MT5 forum that is provided by MetaQuotes Software Corp. The maker of MetaTrader 4 Software.
Get Free Expert Advisor(EA) Bots as Well as Paid Ones
About Automated Bots
You can navigate to MT4 forum and MetaTrader 5 forum codebase site and get MetaTrader 4 Automated EA Programming Lesson Tutorial and learn how to automate trading & write an EA. But because most online traders might not want to learn a programming language or take on the difficult exercise of building automated systems & might want to do other things like use their precious time for trading forex currencies and making profits, for those who don't want to learn programming they can direct access the robots listed on this Automated EA Market: MT4 forum and MT5 forumMQL5 market is where programmers using EA Bots which are profitable sell their automated systems, other traders can then purchase from them or order an automated system to be programmed and coded for them from this MT4 forum and MetaTrader 5 community code-base.
This codebase also is a good website for experienced currency traders, it allows traders that can demonstrate and prove that they've a profitable robot to get additional/extra earnings through selling their EA Robots, these automated robots are also availed directly From MetaTrader 4 software, where prospective customers of EA Robots can access them. The screen-shot below illustrates and shows how one can access these MT4 automated Expert Advisors on their software.
Access Automated Softwares From the MT4 Automated Trading Software/Platform
MT4 forum EA Forum - for Those Wanting to Setup Automated Trade
From the above screen-shot trader can access the MetaTrader 4 community Code-Base Market directly from their software. A trader then can automatically setup the Automated EA on to their MT4 software & start trading with it. Market contains free Automated EAs as well list of paid Automated EA Robots. A trader can also try the above Expert Advisors(EAs) EA Robots by downloading their demo version after registering in this MT4 Code Base Community.
As a fx trader who wants to find professional automated Expert Advisor robots & strategies this is the place where to begin.
How to Get and Find a Robot
Once you have downloaded MT4 forex Software and install it in your PC Desktop computer. You'll then have to open MT4 Toolbox: Toolbox can be opened by pressing CTRL+T key board short cut keys. After launching the tool box select and choose ' Market ' tab such as displayed and displayed & shown on the screen-shot below.
A list of available Automated Expert Advisor Bots will appear and be shown as it's shown below. You also can choose a bot from the different and various categories as is illustrated & shown below.
Library of Automated Expert Advisor Bots
You can then select the one which is suited for your trading style. Every item that is on this list has a detailed description of how it operates and you as a currency trader can use this info to choose a Expert Advisor that fits your techniques based on this description.
The different types of applications which a trader can use, among the trading applications that you as a trader can buy are:
- EAs
- Custom Trading Indicators
- Panels
- Libraries
- Analyzers
- Utilities
You can choose and select any of these items that are listed based on the categories just as illustrated and shown in the exemplification put on display above. If you need to know what is an automated EA, custom indicators, libraries, panels, utilities and analyzers in trading platform software are you'll need to go to the Codebase Community MT4 forum.
Once you have visited and decided which type of application you require, the next step is to sign up & become a part of this MT4 forum programming community. After signing up you will then get a account and as a forex trader you as a trader can interact with the other forum community members and have access to the many Expert Advisor(EA) Bots. To signup - go to the MT4 community forum Registration Page on their MQ4 website.
After registering in community forum you'll then needs to obtain what is known as credit points. Credits is the currency which is used so as to obtain the automated strategies available. To get credit you'll need first to some money into your MQL5.com account.
You'll then use this account & the password which you obtain to setup automation in your MT4 software such as shown below. These settings are to be set on your MT4 platform software that's installed on your PC computer, & not on MQL5 web-site - but you'll first get them from MQL5 forum website then set them in your MT4.
Setting Up An Account for use of Automated in MT4 Platform Software
Log in to MQL5 Account from MT4 Software Platform
To get to the above window, Navigate to the ' Tools', Next to " File, View " at the left top corner of MT4 platform software. Click Tools >>> Press Options, the above window will pop up.
Select & Choose the ' Community ' just as is illustrated above, & then type your Login details & particulars: Your Log in and Password.
Once this is accomplished you'll now have complete access to the MetaTrader 4 forum Market, & you as a trader can set-up any of the robots on your MT4 software & start automated trading using these Expert Advisor bots.
How to Test Out an Automated EA Strategy Before Purchasing
Prior to buying an automated trade robot, there is also an option which is provided for to testout & find automated strategies which work for your trading style/method before purchasing and buying - by downloading demo edition of the robot that you want & testing it out before purchasing it. This way you as a forex trader who wants to buy an EA Bot can try-out the automated EA you want by testing its strategy using strategy tester window.
Review and Info of the Automated Trading Strategies Details
From the exemplifications revealed above, screen-shot indicates to you how to set-up an EA from MT4 toolbox by purchasing it using your credit points or first by downloading the demo robot download edition to test out the style.
The automated trading strategies are found on the MQL5.com website and they also can be accessed from MetaTrader 4 Platform. Once a trader gets the Automated Strategy they can then setup & launch this automated trading system only on three different Computer PCs.
Posting Of Expert Advisors(EAs) by Expert Advisor(EA) Developers and Analysts
As a developer of Expert Advisors(EAs) Robots that are profitable, you as a trader can join this forum and post your EA by registering and registering as a seller . You can then get access to a big number of prospective buyers by posting your trading bot that can get to become a mass selling product.
Once you complete the registration process your EAs will then be posted & hosted in MQL5 Community and you'll make money on each & every instance that your EA Robot is purchased. As a creator you get to set the selling price for your EA Robot, the more profitable it's the more dollars in price you as a forex trader can then set it for.
Once you have finished setting up your registration, forex traders can then buy and download your automated bots direct on MT4 Platform. Each purchase must get an activation which is in the form of code or number from MQL5 MT4 forum Community, the activation number is only limited to a couple of PC Desktop computers, three computers. Therefore it means that no one can buy and then start reselling your Automated System because it would require an activation from the MT4 forum Community
So as to protect creators, each purchase of an automatic EA bot is associated to the account of a fx trader on MQL5 web-site and a specific PC computer, purchase isn't associated to the broker platform and also it isn't associated to the account with online broker. It is only associated to the particular account which a trader has on this MT4 Code Base Community.
Those wanting to purchase can also first try the demo editions of the Robot, but this demo edition can only be run on the ' Strategy Tester', & the demo version can't be run on the real environment. This ensures that the potential buyer can test-out an Expert Advisors's profitability before buying it, at same it will also ensure that the demo edition of your EA can't be used to transact in the real market, not until the time when it has been purchased and activated.
How to Choose & Select Automated Bots
All Expert Advisor Robots are listed in MT4 automated trade platform have pictures and a brief review that one can click and read and study about each.
list of Expert Advisor(EA) Robots in MT4 Which Can Be Used in Automated Trading
Upon choosing & clicking on any of these trading systems, one can then read a brief review of its information that will include even the history of the trade transactions made that resemble the trading report generated below:
One can then select an automated system from list of those provided depending on one that's most lucrative & suitable for them in reference to their strategy.
Study More Lessons and Tutorials & Topics: