News & analysis
News & analysis

Popular Expert Advisors on MetaTrader:

7 June 2022 By GO Markets

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The following EAs are examples of Expert Advisors rated on Trustpilot. They have been rated by traders in general, however, please understand that past performances are not indication of future success. Below is a list of EAs, which you can purchase online, however there are several free ones you can find on the market, these are labelled (f), please do your own research when choosing the right EA for your own trading style, objectives, and risk settings.

  • 1000pip Climber – This EA has the highest rated metric on Trustpilot. Apart from the added support that is on offer by the developers, this EA is specifically impressive given its high yield in both trending and range bound markets.
  • Flex – Has been voted best EA on the market for an incredible 8 consecutive years! Flex requires a deposit of $3000 and works well in trending markets.
  • FXCharger – With a great yield of 77.3% and a high rating on Trustpilot, this EA opens trades every day and closes them at the right time, such that the trader earns a profit. FXCharger requires a deposit of $1000.
  • Fortnite – Another customisable EA that allows the user to change the settings according to the trading style they want. Is yield ranks around the 135%, it requires a deposit of $500.
  • Alfa Scalper – Using a scalping method to get trading opportunities this EA yields sits at 49.36% and has a rating of 8.57. Its one of the easiest EAs to use and requires a deposit of $100.
  • Forex Gump – It’s probably one of the most rated EAs by traders on the market, it has a rating of 8.52 and a yield of 2200%. It utilizes daily trading and scalping to make trading decisions. This one requires a small deposit of $40.
  • Trade Manager – With a 65.39% yield, you can create your own strategies and set your own parameters for the best results. A deposit of $100 is required.
  • Forex Diamond – Has a yield of 63.39%. This EA uses trend and countertrend strategies to make trading decisions, is fast, safe, and precise. Requires a deposit of $1000.

Below is a list of free experts’ advisors which you can look up with the power of the internet:

  • Trader New (f).
  • Daydream01 (f).
  • Calypso (f).
  • Day Profit SE (f).
  • Breakout11 (f).
  • Euro FX2 (f)
  • Channels (f).

As a trader it is important to know what type of trading you would like to do, this means what types of strategy, which markets and if you would benefit from the use of an EA or if you would prefer to trade manually. If you are thinking that having access to an EA might benefit your trading activity, then there are many available on the MQL5 commuminty.

If you are interested in automating your own strategy, then there are companies like TradeView that help traders to automate and create their own Expert Advisor without coding experience. GO Markets also provides access to their TradeView X platform via the client portal with a monthly subscription at a reduced cost other than directly with them.

By having an account with GO Markets you will also have access to our Metatrader 4 and 5 trading platform and a VPS (needed for EA traders).

Please visit us here to get started or call us directly and speak to one of our account managers on 03 8566 7680.

Sources: tradersunion.com.

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The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.

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