List of expert advisors:
I have collected a list of expert advisors from clickbank and you can check them at the page “http://www.forexbees.com/expert-advisors/“. The following is a small article about expert advisors in case you don’t knwo what these are. The following won’t give you full information about expert advisors but it will give you an introduction about expert advisors.
what are forex expert advisors or forex robots?
A forex advisor or a forex robot is a mechanical forex trading system that opens and closes trades on behalf of you with out manual interference. They are software programs developed in such a way that they sell or buy the currency pair you wish when some particular conditions are matched. Most of the available forex expert advisers are developed for metatrader forex platform. If you don’t know what is a metatrader platform or how to trade on metatrader platform you can watch the videos at my article “http://www.forexbees.com/how-to-use-metatrader-for-forex-trading/“. Most of the brokers offer metatrader platform for forex trading. You can download this and open a demo account to check how you can use this platform for forex trading.
How does an expert advisor work?
Expert Advisors buy or sell currency pairs when some particular conditions are fulfilled. For example if you wish to sell a currency pair whenever the currency pair crosses below a moving average line or buy a currency pair whenever the currency pair crosses above a moving average line the expert advisor can be coded to do that. These programs are developed in MQL4 programming language. The above is just an example. The expert advisors available in the market today, use many different conditions and indicators either to sell or buy currency pairs.
How to use an expert advisor?
To use an expert advisor you need to install the expert advisor or forex robot first. Some expert advisors come with an executable file which you need to just click on it and select the metatrader folder you wish to install it. For example you downloaded the metatrader platform from FXDD and installed it in Program Files in C drive and you want to install the expert advisor on this you need to select the folder “C:\Program Files\FXDD – MetaTrader 4″. Some expert advisors directly give you the expert advisor files which are generally with the extension “.ex4″. You need to copy this file to the “experts” folder under your metatrader folder. For example if you are using FXDD metatrader you need to copy this “.ex4″ to the folder “C:\Program Files\FXDD – MetaTrader 4\experts”. Sometimes you may get some additional files like “.dll” files but you will also get a clear documentation of how to use it.
After you install the expert advisor you definitely need to backtest the expert advisor. Backtesting an expert advisor means to check it how it worked for past years. If it works good for the past years that means there are very good chances that it works for future years also. If you don’t know how to back test an expert advisor you can check my article at “http://www.forexbees.com/how-to-backtest-an-expert-advisor-in-metatrader/“. As I said, this is not a full article about expert advisors the above is just an introduction. You can check the list of expert advisors at “http://www.forexbees.com/expert-advisors/“. I will keep on adding more to this list.
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