Forex Expert Advisors for Metatrader 4

All the trades from the Expert Advisors are done with a fixed lot. There is no money management or other risk accumulation element in the systems. The data on the charts are updated every hour and it shows how many points are won by the systems. There will be a constant process of adding new expert advisors with good expectancy and removing expert advisors with bad results.

Even if you choose the best Forex EA from the list, you don't know how it will perform in the future. That's why the best thing you can do is to choose good experts with low correlation and create a portfolio of at least 10 expert advisors. Then you can monitor their performance, and substitute the ones who don't meet your expectations with others.

The top 12 expert advisors have executed 746 trades total with summary output of 12508 points.

All the expert advisors in the website have good backtest results. Now they are running on demo and they are performing their out of sample check. This is the ultimate way to determine if an expert advisor is wining by luck or is adjusted to the price curve. Even if this realtime resusts are good, there is no guarantee that the expert will have good performance in the future, but good results in demo is good indication for that.

Sentiment of all profitable EA by symbol

In next charts we show how many of the expert advisors are in buy or sell for every symbol. Only the information from the profitable robots is shown. If most of them are in the same direction this can be considered as a buy or sell signal.

Buy Sell
GBPUSD 0 1
USDJPY 0 4
AUDCAD 13 16
EURUSD 3 7

Frequently Asked Questions

Why do i need a forex trading robot?

forex trading robot

Probably if you are new to the forex market you will ask this question. Maybe you think that the human brain can process the chart information better and make better forex analysis and decisions about the possible market directions. Well... you are wrong. The forex market is unpredictable as the most things in our lives. If the market becomes predictable, it will stop existing. Then what can we do? We can monitor and find specific market situations after which something is happening. Of course, you will never find such case in where after A follows B in 100% probability. But you can find a 60% one. And this will lead to developing a forex trading strategy and when the strategy is crystal clear, it can be coded into expert advisor.

How to choose the best expert advisor

forex expert advisor

No matter how many stats you watch, no matter how good the equity curve looks, you never know how it will perform in the future. It is possible that an expert advisor that has medium results, to be much better than the expert advisor with the best performance now. Let's say that a good looking expert advisor has a 60% chance to be also good in the future. So if we choose 1, from which it will be - from the 40 loosing or the 60 wining? Again... we don't know. But the bigger portfolio of experts we make, the closer we get to that 60 -40%. What if we monitor closely the things and shut down the bad performers and substitute them with better expert advisors? Then we can reach 70-30 or even higher.

Why the EA can stop working?

trading ea

As everything around us, the markets change too. The swaps change. Economic results change. Market volumes change. Trends are becoming bigger or smaller, ranges are becoming wider or thinner. The forex expert advisor is designed to work within some specific market parameters. When they change beyond a certain limit, the EA will stop working as expected. Usually, this doesn't happen right away but like a process of constantly getting less and fewer profits. We must be prepared that all the expert advisors will fail at a certain point and the questions are not if, but when.

Lifecycle of the automated trading systems

automated trading system

There are many types of trading systems and many lifecycle models but the one we choose has tested, out of sample test and trade. The test is the largest period where we test our rules. It must be big enough to get enough trades for good stats and not so big, because as we said in the previous paragraph -it can be close to its end or have bad backtest results just because we are including different market conditions. For example, 10-15 years ago we had 5-8 points spread on EURUSD, now we have 0.8. If we test on such old data we will have good results wich are not real. We have chosen that backtest period to be close to 2 years. The next important period is the out of sample test. In this test, we verify that the system still have the same performance parameters as in the test period. If the system can pass that period it is ready for trading. In the most common case, we have 2 years backtest, 6 months out of sample test and 1-year trading.

Choosing the right money management for the expert advisor
Choosing the right money management for the expert advisor
Life of an expert advisor
Life of an expert advisor
One expert advisor or portfolio ?
One expert advisor or portfolio ?