MQL5 Automated Forex Trading EA Bots & Expert Advisors Code Base Library

MQL5 Code-Base is the official coding community for automated forex trading EA systems commonly known as Expert Advisors or EA Forex Robots. EA Forex Robots is a popular topic. However, the challenge is how to find a good quality EA bot. This is where MQL5 Forex EA Market comes in: hosted by MetaQuotes Software Corp. , The Developers of MetaTrader Software - to get a good quality EA one Should join this codebase.

A library of Bots & Automated Expert Advisor Bots

Best Expert Advisor Community - Automated Forex System Expert-Advisor: www.mql5.com/en/market

For a new beginner wanting to know what is automated trading, place to start at is at official MQL5 code base that is hosted by MetaQuotes Software Corp. The maker of MT4 Software.

Get Free Expert-Advisor for MetaTrader 4 as Well as Paid Ones

About Automated FX Bots

You can navigate to code base site & get MT4 Automated EA Programming Tutorial and learn how to automate forex trading & write an EA. But because most traders may not want to learn a programming language or take on the task of building automated trading systems & might want to use their time for trading currencies and making profits, for those who don't want to learn programming they can direct access the Forex robots listed on this market: where programmers using EA Forex Bots which 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 is also a good place for experienced currency traders, it allows those who can demonstrate that they have a profitable Forex trading robots to get additional earnings by selling their Expert-Advisor Forex Bots, these are also made available direct From the MT4 platform, where potential buyers of Expert-Advisor Robots can access them. The screen-shot below shows how a trader can access these MetaTrader 4 automated EAs on their trading software.

Access Automated Forex Trading EA Bots From the MT4 Automated Platform

Automated EA Forex Robots Library for Traders Wanting to Automate Trading

From above screenshot trader can access the Codebase Market direct from their platform. One can then automatically setup the Expert-Advisor on to their MT4 platform and start trading with it. Market contains free Expert-Advisors as well the paid ones. One can also try out any of the above EAs by downloading their demo version after signing up in this Community.

As a trader wanting to get professional automated trading Expert Advisor robots & strategies this is the place to begin.

How to Get a Forex Robot

Once you have downloaded MetaTrader 4 Software and installed it on your computer. You will then have to open MetaTrader 4 Toolbox: The Tool Box can be accessed by pressing CTRL+T keyboard shortcut keys. After launching the toolbox choose ' Market ' tab as illustrated and shown on the screen shot below.

A list of available Expert Advisor Forex Robots will appear as it is illustrated below. You can also choose a forex trading robot from the different categories as displayed and illustrated below.

Library of Automated Expert Advisor Bots

You can then choose the one which is suited for your trading style. Each and Every item on this list has extensive description of how it operates and you can use this information to select one which is suited for your techniques based on this description.

There are different applications which trader can use, among the ones you can purchase are:

• Expert Advisors
• Custom Indicators
• Panels
• Libraries
• Analyzers
• Utilities

You can choose any of these based on categories as illustrated and shown on image above. If you need to learn what is an automated trading EA, custom indicators, libraries, panels, utilities and analyzers on forex trading platform are you will need to visit the Codebase Community.

Once you've visited & decided which type of application you require, next step is to register & become part of this coding community. After signing up you'll then get an account & you can interact with other forum members & have access to multiple Expert Advisor Forex Bots. To register - navigate to the Registration Page on their web site.

After signing up in community you will then need to obtain credits. Credits is the currency which is used in order to obtain the automated systems available. To get credit you'll first need to deposit some money in to your MQL5 account.

You will then use this account & the password which you obtain to set up automation on your MT4 software as displayed below. These settings will be set on your MetaTrader 4 software that's installed on your PC Desktop computer, & not on MQL5 web-site - but you'll first get them from MQL5 site then set them on your MT4.

Setting Up An Account to Use for Automated Trade on MT4

Log in to MQL5 Account from MT4 Platform

To get to the above window panel, Navigate to ' Tools', Next to " File, View " at the tops left corner of MetaTrader 4 software. Click Tools >>> Click Options, the above window panel will popup.

Select ' Forum ' as displayed above, and then type your Login details: Your Sign in and Password.

Once this is complete you'll now have complete access to the Market, & you can set up any of the Forex robots on your platform and start automated trading.

How to Test an Automated Forex Strategy Before Buying

Before buying an automated bot, there is also an option which is provided for to testout & find automated trading strategies that work for you before buying - by downloading demo edition of the bot that you want and testing it out before purchasing it. This way you can try out the automated trading system you want by testing its strategy using Forex Strategy Tester window.

Review and Data of Automated Trading Systems Details

From the above examples, screen-shot shows you how to set-up an Expert Advisor from MetaTrader 4 tool box by buying it using your credit points or by first downloading the demo robot download version to test out the strategy.

All these automated trading strategies are available from MQL5 & they can also be accessed from MetaTrader 4 Software. Once a trader gets an Automated Trading System they can then setup & launch this application on 3 different Computers.

Posting Of Automated Expert Advisors by EA Developers and Forex Trading Analysts

As a developer of Expert-Advisors which are profitable, you can get to post your Expert-Advisor by registering as a seller . You can get access to big number of potential customers by posting your robot which can become a mass selling product.

Once you complete the registration process your Expert Advisors will be hosted on the MQL5 Community and you will make money every time your EA is purchased. As a creator you get to set the price for your Expert-Advisor, the more profitable it is the more dollars you can set it for.

Once you setup your registration, traders can then buy & download your automated robots directly from their MT4 Platform. Each purchase must get an activation code from the MQL5 Community, activation code is only limited to a few computers, Three computers. Therefore no one can buy & then start reselling your Automated System because it would need an activation from MQL5 CodeBase Community

To protect developers, each purchase is associated to account of a trader on MQL5 web-site and a particular PC computer, purchase is not associated to the broker platform neither is it associated to the forex account with broker. It is only associated to the account which the trader has on this Community.

Those wanting to buy 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 trading 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 Expert Advisor cannot be used to transact in the real market, not until the time when it has been purchased & activated.

How to Select Automated FX Bots

All EA Forex Robots are listed in MT4 automated trading software have snap-shots & a brief review that one-can click & read about each.

List of Automated Forex Trading EA Bots on MT4 That Can Be Used for Automated Forex Trading

Upon clicking on any of these trading systems, one can read the review its information which will include even the history of the transactions made that look like this:

One can then select an automated trading program from list of those provided depending on one that is most profitable & suitable for them based on their trading strategy.

These automated forex systems can also be used to trade other financial instruments such as automated futures trading systems to trade futures or automated gold trading systems to trade Gold & automated CFDs trading systems to trade CFDs.