Free Expert Advisors Can Help You Automate Your Trading!

FinanceStocks, Bond & Forex

  • Author Herm Matos
  • Published February 17, 2010
  • Word count 556

There are hundreds of free expert advisors for trading spot forex (currencies) on the internet. So, how do you start and "what is an expert advisor, anyway? An Expert Advisor (EA) is a forex trading program which can trade automatically for you or even perform specific task to assist you, if programmed to do so. Expert Advisors use the MetaQuotes Language 4 (MQL 4), which is a built-in language for programming the trading strategies by experienced traders using technical analysis and personal observations of the currency markets. Therefore, the MT4 language allows the creation of your own "Expert Advisors" that automate the trading process and are the answer for implementing your own trade strategies, custom indicators, scripts that perform task and Libraries of functions with the help of MQL-4 programming language.

Since, the majority of investors or traders are not skilled in programming, the challenge for them then becomes researching and finding those free expert advisors on the internet, downloading them and testing them out, providing those free EAs have good documentation in the first place. There is another problem that you may encounter in this process. You see, if you don't know how to trade currencies or are just learning, the learning curve for using all those free expert advisors can be considerable and in some cases a waste of your time. Worse yet, you may be tempted to purchase a few expert advisors along the way and find out the hard way that the overwhelming majority of EAs on the internet being sold are not worth your time and money. In fact, many of EA will cause you to lose all of your risk capital from our experience. You should always first test out an EA in a free demo account and if you do purchase an EA and it does not perform in the first 30-days, get a full refund of your money. All of the major distribution services like ClickBank, have a no questions ask full refund policy. You will find that 8 out to 10 expert advisors being sold are just plain trash and dangerious to your financial health. We know, because we purchase a few thousand dollars worth of expert advisors that are hyped on the internet each year for our own R & D testing for our own trading. We usually return and ask for a refund for the majority of the dogs and only keep the ones that showed promise in the performance for our own trading. In fact, those gems are usually the only ones that we promote as an affiliate on our web site at www.4xWINs.com.

No doubt, if you have read down this far, you are waiting for the rest of the story. Each month we are going to present a totally free expert advisors that we find on the internet. Not only are we going to provide you with the free download, we are going to provide a free short video of the major functions for those free EAs and some user documentation. For most adult learners, watching the video clips will shorten your learning curve and tell the story much faster than just reading reading. It's true a "picture is worth a thousand words" and with good video, it's even an easier process learning something new. Sign up for you free EAs at www.4Xwins.com.

www.4Xwins.com is dedicated to teaching and sharing information about forex currency trading. Stop by the web site to take and look and sign up for some of the resources.

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