Download Your Free Trading Robot
Here you can download a free trading robot which is an expert advisor for the MetaTrader 4 platform. You can get the MetaTrader platform through most trading brokers. It is by far the most popular trading platform for running trading robots like this one that trade automatically for the user according to the settings. Please complete the form below to get your free expert advisor download right away. *Please use a real email address as you will be sent the free trading robot download link*
What is a Forex Expert Advisor?
A forex expert advisor (EA) is an automated trading system that has been developed to run in the MetaTrader platforms. There are thousands of paid and free forex EAs that you can download. They are available from the MQL marketplace which is directly accessible from within the MT4 and MT5 platforms. You can also purchase and download forex expert advisors from third-party EA developers.
How do Expert Advisors Work?
Forex EAs have built-in trading algorithms that automatically scan the currency pair charts that you attach them to for buy and sell signals. Each forex EA has a unique trading strategy implemented within the code. This usually include a combination of price action analysis, technical indicators and sometimes a news filter. Forex expert advisors can place and manage trades on behalf of the user when the automated trading system discovers a valid setup. The money management is usually customisable including position size, stop loss and take profit.
How to Choose an Expert Advisor
If you want to download a free forex expert advisor to use on your trading account, then there are a few key things that you can keep a look out for. This will help you to download a forex EA that is suitable for your own trading style and financial goals, as every trader is different. Some of the most important features to be aware of include verified results, backtesting and set files. The best forex EAs should have proven results and optimised settings provided by the developer.
- Verified results on real accounts
- Backtesting across years of historical data
- Optimised preset files
- Customisable settings
- Sensible money management
- Good user feedback
- Ongoing support and updates
Free Forex Expert Advisor Features
The free forex expert advisor is fully loaded with nearly every technical indicator that you could imagine, including popular indicators such as the MACD, Bollinger Bands, RSI, CCI, Moving Average, Stochastic, Envelopes and more. It is one of the only free forex expert advisors that has a great range of built-in candlestick patterns so that you can combine technical and price action analysis for confirmation of your chosen trading signals. If that wasn’t enough, the EA has plenty of other features including money management settings, trading hours, trading days, signal alerts and much more. This all makes it one of the best free forex EAs that you can find anywhere.
How to Use Your Free Forex EA?
After you have downloaded this free forex EA, you are free to use it as you wish. There are no limitations at all and no costs ever. It is one of the most comprehensive free forex EAs that you will find anywhere. If you haven’t already, you will need to download the MT4 platform which you can get free of charge from most forex brokers. Our top broker for automated trading with expert advisors is IC Markets. This is because they have tight spreads, low fees and rapid trade execution speeds thanks to deep liquidity pools. They also have excellent 24/7 customer support.
Now that you have the MT4 platform installed, you can load the free forex expert advisor onto your charts. Load the charts and timeframes of the currency pairs or other financial instruments that you wish to trade. You can then drag and drop the free forex EA onto these charts and choose the technical indicators and price action patterns that you wish to use. You can also set trading days, hours and money management. The free forex expert advisor will then scan your MT4 charts and alert you when there is a trading signal.
If you are looking for a free forex EA, then it doesn’t get much better than this. This forex robot can be used to create your own automated trading strategy and has an almost limitless possibility of strategies with fully customisable settings including all of the most important forex indicators and candlestick patterns. You can set them to true or false and amend each individual input setting according to your own trading style. We hope you enjoy your free forex EA download and hope you find it useful for automating your forex market analysis!