We represent you a full version of the FREE Forex Expert Advisors and Indicators for MetaTrader 4 that you can download by clicking the button below.


A forex robot is a type of computer program that’s designed to trade forex automatically.


Expert Advisors and Indicators for MetaTrader 4 follow a specific set of trade signals and settings in determining the best prices at which you can buy or sell a currency pair.


Forex EA's use complex mathematical algorithms to monitor the markets and follow price action.

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Then it uses this information to determine the best trade entry and exit points.

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Forex Expert Advisors and Indicators for MetaTrader 4 Benefits

The type of trading style of an Expert Advisor depends on the algorithms it uses.

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Expert advisor (EA) software lets you take part in the foreign exchange market at any time, even while sleeping.

EA Statistics

The software can detect trading patterns and execute them based on the instructions you've given.


Use an EA with caution, because it doesn't account for time-sensitive market movers like news.


Humans still have a role to play in trading by looking out for the events that could affect their trades.


It is important to know the terminology related to forex trading before you begin the actual trading process.


Do you look for a free Forex robot for MT4 or MT5 to download? It is the right place you choose because we make a special offer of free Forex EA that works on both MT4 and MT5 trading terminals for just everyone.

Getting Started in Forex

Forex EAs use various types of strategies to trade and match the trader’s specific style. A lot of EA developers have developed advisors that can use varying algorithms within one solution or different systems able to work on a single strategy.


Frequently Asked Questions

Find answers to common questions about trading.

  • How Does Forex Compare to Other Markets?

    Unlike stocks, futures, or options, currency trading does not take place on a regulated exchange, and it is not controlled by any central governing body. There are no clearing houses to guarantee trades, and there is no arbitration panel to adjudicate disputes. All members trade with each other based on credit agreements. Essentially, business in the largest, most liquid market in the world depends on nothing more than a metaphorical handshake.

  • The FX market does not have commissions. Unlike exchange-based markets, FX is a principals-only market. FX firms are dealers, not brokers. Unlike brokers, dealers assume market risk by serving as a counterparty to the investor's trade. They do not charge commission; instead, they make their money through the bid-ask spread.

  • FX traders hope to profit from changes in exchange rates between currency pairs. For dollar-denominated accounts, all profits or losses are calculated in dollars and recorded as such on the trader's account.

    The FX market exists to help with the exchange of one currency into another, a facility used by multinational corporations that need to continually trade currencies (i.e., for payroll, payment for goods and services from foreign vendors, and mergers and acquisitions). Financial institutions use the forex markets to hedge positions and take directional bets on currency pairs based on fundamental research and technical analysis. Individual traders may also trade currencies to speculate on exchange rate moves.

    Since currencies always trade in pairs, when a trader makes a trade, that trader is always long one currency and short the other. For example, if a trader sells one standard lot (equivalent to 100,000 units) of EUR/USD, they would have exchanged euros for dollars and would now be short euros and long dollars.

  • Although some retail dealers trade exotic currencies such as the Thai baht or the Czech koruna, the majority of dealers trade the seven most liquid currency pairs in the world, which are the four "majors":

    EUR/USD (euro/dollar) USD/JPY (dollar/Japanese yen) GBP/USD (British pound/dollar) USD/CHF (dollar/Swiss franc). The three commodity pairs are also traded:

    AUD/USD (Australian dollar/dollar) USD/CAD (dollar/Canadian dollar) NZD/USD (New Zealand dollar/dollar) These seven major currency pairs account for about 80% of all speculative trading in FX. Given the small number of trading instruments—over 50 pairs and crosses are actively traded—the FX market is far more concentrated than the stock market.

  • Carry is the most popular trade in the currency market, practiced by both the largest hedge funds and the smallest retail speculators. The carry trade is based on the fact that every currency in the world has an associated interest. These short-term interest rates are set by the central banks of these countries: the Federal Reserve in the United States, the Bank of Japan in Japan, and the Bank of England in the United Kingdom.

    The concept of "carry" is straightforward. The trader goes long on the currency with a high-interest rate and finances that purchase with a currency that has a low-interest rate. For example, in 2005, one of the best pairings was the NZD/JPY cross. The New Zealand economy, spurred by huge commodity demand from China and a hot housing market, saw its rates rise to 7.25% and stay there while Japanese rates remained at 0%. A trader going long on the NZD/JPY could have harvested 725 basis points in yield alone. On a 10:1 leverage basis, the carry trade in NZD/JPY could have produced a 72.5% annual return from interest rate differentials without any contribution from capital appreciation. This example illustrates why the carry trade is so popular.


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