An Expert Advisor, also known as an EA, is a mechanical trading system used for Forex trading. Expert Advisors allow for automatic trading to take place, freeing the trader from continuously having to watch the market. Making a profit while trading in the foreign exchange market is determined by a large number of human factors, such as emotions, knowledge, and even the psychology of the trader. Automated programs such as Expert Advisor remove a great deal of these factors from the equation and enable the trader to make better informed decisions by evaluating multiple factors at once.
FXOpen allows to use Expert Advisor in ECN accounts on the MT4/MT5 platform.
Sign up for MQL5 services.
Run the trading platform (MetaTrader ECN - FXOpen/ MetaTrader 5 - FXOpen) and log in to MQL5.community.
Select File → Login to MQL5.community
You can also go directly to mql5.com and select Market → MetaTrader 4/MetaTrader 5 → Experts.
Choose an Expert Advisor according to your trading needs. Use a search box or click the tabs to sort them according to the following criteria: Popular, New, Free or Paid.
For Paid Expert Advisors there may be several options to choose: Buy, Rent or try Free demo.
Note that Demo version can be run only in the Strategy Tester (Ctrl+R).
The EA will be automatically installed and will appear in the Navigator window (Ctrl+N), Expert Advisors list.
ouble-click your Expert Advisor (e.g. Dark Venus) or drag and drop it onto the chart.
If the EA is enabled, you will see the EA icon in the top right corner of the chart: the smiley for MT4 or academic cap for MT5 .