Free Forex Expert Advisors
Welcome to Robots4Forex where you’ll find free Expert Advisors and Indicators for Meta Trader 4. We research and implement different strategies to make trading forex more profitable.
Meta Trader 4 is a trading platform used by most Brokers. Meta Trader has its own programming language allowing us to create our own trading robots called expert advisors and also custom indicators to aid visual signals. With the additional benefit of having a VPS system built in allowing Expert Advisors to be deployed to a virtual server near your brokers’ servers giving the best response time and uptime possible for only $10 a month. You can download MT4 here, or open a demo account with a broker of your choice and start testing.
Forex trading is more difficult than it looks, where more than 95% of new traders lose money in a mostly unpredictable market. Finding good information on trading Forex can be challenging and you’ll find most information out there is misleading or a scam. We offer guidance on how to approach trading and learn from mistakes without loosing money. You should always back test an automated strategy using tick data and forward test on a demo account. Only when both are profitable should you start trading with a live micro account using 0.01 lot size and gradually increasing up to 3% risk of account size. Even then a successful Expert Advisor must be monitored for an unexpected performance decrease which we implemented in our expert advisors in the way of a percentage profit lock which should be set just under the expected draw down percentage to catch such an issue without exposing the account to an extreme draw down.
We hope you have success with our strategies and expert advisors. We’re open to suggestions to improve strategies, just leave us a comment on our strategy pages and we’ll do our best to implement improvements. Our site is relatively new so please bear with us while we add new strategies to the site, we’re looking to add at least one strategy a week, and if you have any ideas for strategies we haven’t covered we’re open to suggestions.