How to get free trading robots and indicators for MT4 an MT5 How to get free trading robots and indicators for MT4 an MT5

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The MetaTrader 4 platform offers automated trading through the use of robots and indicators. With access to a vast library of free and paid trading tools, traders can automate their operations and optimize their strategies.

MetaTrader 4 also provides a Strategy Tester for users to test and improve their trading robots before deploying them in live trading.

The platform supports a wide range of payment methods and offers an extensive selection of products to cater to various trading preferences.

The most imposing trading app store in the world with free indicators and state-of-the-art Expert Advisors in MQL4 language.

MT4 Robots and Indicators

Numerous traders worldwide, regardless of their level of experience and knowledge of the markets, use robots and indicators daily to automate their operations. A good method to optimize time and get the most out of any transaction while maintaining full control, even if every operation is fully or partially automated.

Trading robots (Expert Advisors)
An Expert Advisor (EA) is a program that allows trading through the use of automatic software. Each trader can find or create a program that fully meets their needs. The software will autonomously manage the trader’s operations, opening and closing positions of the asset selected by the customer.
Indicators.
These represent a series of mathematical calculations (based on historical data such as opening, closing, high, or low prices of the last bars considered) that support the trader in identifying market trends. It is recommended for beginner traders, who can download some for free, to quickly improve their performance in financial markets.

In practice, we are talking about extremely efficient special apps to use on trading platforms, which, despite being designed using advanced technologies, do not require any specific knowledge or programming skills. In short, they are easy to use, efficient, and intuitive.

MetaTrader 4 offers traders a wide range of solutions in this regard.

  • Traders interested in testing the capabilities of the offered programs can download free apps from the Code Base.
  • Purchase or rent one from the Market.
  • Order a custom one through the Freelance service.
  • Create a custom robot or indicator in MQL4 language independently.
Code Base, what is it?
Code Base is a completely free source code library for robots and indicators fully integrated into MetaTrader 4 platforms. With access to the library, the trader can opt for the most suitable solution for their needs, choosing from 2000 indicators or 950 trading robots. Also, customers who do not want fully automated trading can download more than 300 scripts, small apps that automate one-time analytical trading functions. Once the appropriate app for their style is downloaded, the trader can test it on MetaTrader 4 and the MetaEditor development environment.
Market.
By far the most popular and imposing store in the world for creating and downloading Forex trading applications integrated into MetaTrader 4. The market offers traders countless downloadable solutions in just a few clicks, thousands of free and paid indicators, and Expert Advisors from both professional and beginner developers. Each trader can use the downloaded app on any MT4 platform, regardless of the broker they belong to. To ensure purchasing the right app for their needs, each application includes a detailed description, screenshots, and a free demo version that can be tested on the Strategy Tester.
MetaTrader 4 Strategy Tester.
Strategy Tester is an environment specifically designed to allow traders to test and, if necessary, improve trading robots before using them in real negotiations. The robot is tested on historical data, and during the test, the program performs precise analysis on available quotations and processes virtual transactions based on its algorithm. This allows you to see how it would have operated in the past and consequently determine the level of efficiency in real trading.
Real-time visual test
A service that uses the chart window to verify the efficiency of an Expert Advisor in trading and processing historical data. At the end, the trader will receive a comprehensive report containing both graphical and quantitative results, including profit data, information on the percentage profit-loss ratio, the number of positive or negative operations, and the risk factor.
Integrated robot optimization.
A service that allows you to set the robot’s parameters according to your trading preferences to optimize results (increase profit margins, manage risks, etc.).
“Freelancer” option.
A service created for the most demanding traders who cannot find a suitable product for their style in the Code Base or Market. It allows traders to order a fully customized app, created by leading developers in the industry, capable of “shaping” software based on the trader’s needs. It should be noted that the service does not have excessively high costs given the usefulness of the purchased product.
Safety first.
All operations carried out on Freelance are performed with extreme security only and exclusively within the service itself (from the request of an order to payment).
Payment methods suitable for everyone.
Each trader can choose to purchase the selected product directly from the platform using their preferred payment method. MetaTrader 4 Market accepts Visa, MasterCard, and UnionPay cards, as well as PayPal, WebMoney, Neteller, and ePayments.

In summary, the main features offered by the MetaTrader market are as follows:

  • A wide range of products available for free and for purchase.
  • More than 1700 trading robots and over 2100 technical indicators cataloged based on type and popularity among traders. The possibility to test any MetaTrader 4 product before purchase on the Strategy Tester.
  • An extensive list of payment methods, including bank cards, electronic wallets, etc.

See the MT4/MT5 brokers ranking

Give it a try on Valutrades!

ValuTrades is an Online Forex & CFD broker with ECN(Electronic Communication Network) connected MT4.

The broker strives to offer the great conditions for EA(Expert Adviser) traders, it is because:

  1. ValuTrades’s MT4 is offered with ECN execution
  2. All kinds of trading methods/activities are allowed including use of EAs

Have you wasted your time, funds and EA by investing with some cheap brokers?

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