The development of the forex trading business is increasingly providing facilities that offer convenience, one of which is the free forex trading software robot. Although most ea are designed to be sold in the market, there are traders who distribute free forex trading software robots.
However, the next question is, is free software profitable? The most polite answer is that it will require testing with various kinds of trial and error.
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- 1 How to get a free forex robot?
- 2 How free forex robot works?
- 3 Is free forex robots profitable?
- 4 Free robot forex scalping
- 5 Free forex robot for mt4 download
- 6 Free forex robot for mt4 android
- 7 Free forex robot for mt5 android
- 8 Forex Megadroid robot free download
- 9 Final thought
How to get a free forex robot?
For traders that enthusiast using robots. Maybe they like to try robots by buying trading robots that are considered to provide profitable trading results.
But there are traders because they don’t have much capital, so they prefer to look for free forex robots. How to get a free forex robot, is to download it to a provider that distributes free forex robots.
A website that offers free forex robot
Some of their robot providers offer free forex robots in addition to selling other forex robots. This is a marketing strategy, by providing a free forex robot. It will increase traffic so that it can attract buyers to the forex robot.
One of the websites that provide free forex robots is Bestfxtool, this site provides several free forex robots, such as the Alligator robot, Dem robot, Heiken Ashi, and others.
Introducer broker that offers free forex robot
Some other forex robot providers provide free forex robots, but with certain requirements, for example, you have to register at a certain broker through an affiliate link. This is a great marketing strategy. One site that uses this strategy is EA pros.
There are also brokers that provide free forex robots for traders with a specified minimum deposit.
Forum community expert advisor
Besides the above methods, there is also a trader community forum that gives members the freedom to share free forex robots.
This is a good place because there is the interaction between traders so it is possible to get accurate information.
However, you must be vigilant too, because many scammers are used in the forum community to get victims.
How free forex robot works?
As in general, the way a free forex robot works is by compressing the robot file in the expert folder, in your MetaTrader.
If all parameters are correct, the robot will run marked with a smiley emoticon in the upper right corner.
If you use a VPS you need to take a few steps to run the free forex robot on the VPS server. The advantage of using a VPS forex robot can run 24 hours and five days as long as the forex market operates.
Depending on system trading forex robot
How the way a forex robot works are only based on an algorithm by using programming in accordance with the trading system. Like for example the Alligator robot, will open a buy or sell position automatically if the respective lines move away from each other.
Besides, the embedding of money management programming and risk management also affects the performance of the forex robot.
The advantage of a free forex robot is that it doesn’t involve emotion because it’s only machine language.
Is free forex robots profitable?
One of the advantages of a forex robot is that it doesn’t involve emotion. But will it guarantee that using a free forex robot is profitable?
The answer to this question depends on the forex trading system and money management robot.
Most of the free forex robots are designed only in the basics of the trading system, although not all free forex robots are bad. Therefore, traders who use free forex robots will do backtesting.
Backtesting is an initial assessment, where backtesting is taking past historical price data to test an expert advisor.
How to backtest free forex robot
If you have installed a free forex robot on your MT4 platform. You can immediately press the CTRL = R button. Or you can use the menu in the Strategy Tester navigation.
After that, the option will appear to backtest the robot. Select the robot to be tested, pair, and others, then click start. Then the candlestick will move faster than normal price movements.
To display the chart, click open chart in the box below the symbol properties.
You can choose from a specific date and year to today’s date with the use date check box. That will allow selecting the backtest time range.
After the backtest process is complete, to see the results, click “result” in the bottom tab next to the “settings” tab.
To see detailed results, right-click on history and several options will appear, select “save as report”.
If you think the backtest results are good, then you can try the next step by forwarding testing on a demo account. But if you are sure of the robot’s performance, maybe you would prefer to try it on a real account.
Free robot forex scalping
To get a free scalping forex robot, the only truly freeway is to find it in community forums.
But you have to look at the free expert advisor subforum because not all members who share have the goal of sharing for free. Some of these members show up trading results in order to attract buyers or subscribe to copy trades.
It’s up to you if you want to subscribe to copy trading, you may need to pay some fees, and also be prepared for the risk. Some sites provide free scalping forex robots, but you must enter an email address before being given access to download them for free.
- Mt5traders.com, you need to submit an email address to get download access.
- Dolphintrader.com, also needs an email address to get download access.
Several other providers will provide free scalping forex robots on the condition that they first register with a certain broker and deposit a certain amount of money before giving access to download files for free forex scalping robots.
Maybe you don’t like the method above.
Another way to get a free forex scalping robot is to do the forex community forum. You may find what you are looking for in the Babypips forum, from members who share unconditionally free.
You must register as a forum member to get the ea file. If already become an existing member it’s good, you can immediately try downloading it and trying to backtest it.
Free download forex scalping robot
Sometimes I download forex robots through the forex forum community, even if only as a collection because so far I prefer manual trading.
I do not guarantee that the free forex scalping forex robot that I share works as it should. You need to install it and try it for yourself.
Free forex robot for mt4 download
The forex industry is a very large industry, but traders can still get access to find the Free forex robot for mt4 download.
One of the most trusted sources is MQL5, this social trading community has thousands of members from various countries. Besides users can sell or buy expert advisors or other software. Still, some of them are designed to free of charge for their users.
But maybe not all Free forex robots for mt4 download, can work in real accounts because there are some robots designed to only work on demo accounts. Go to MQL5 download the forex robot for mt4.
Free forex robot for mt4 android
Until now, the MetaTrader developer has not created a forex robot for android. So if you have robots file for the mt4 desktop. It can’t be used or installed on MT4 on Android.
However, it is still possible to choose an automatic trading option via copy trading. So you will watch the account through android and look at progress.
If the trader who is your lead opens a buy position, at the same time you will automatically open a buy position in the same pair and at the same price.
Broker that uses copy trading service
Not all brokers provide copy trading services and provide a platform for android. So you have to check if your broker has a copy trading facility and a MetaTrader platform for android or not.
Because even though the use of the mt4 android platform has increased, there are still some brokers who have not maximized their use of copy trading and mobile trading.
Here are some brokers who have a copy trading service and an android platform
- XM group.
- IC Markets.
Maybe your broker does not directly provide a copy trading service that allows you to do automatic trading on your Android.
You need to check Zulutrade, Free robot forex trading software. it is social trading where traders can copy trades of experienced traders. So even if you are a beginner, you only need to find experienced traders and carry out automated trading.
More than 40 brokers joined ZuluTrade included FXOpen, Instaforex, FXDD, NPBFX, etc.
The Zulutrade platform is also available on the google play store, Android users can take advantage of automatic trading with ZuluTrade.
Free forex robot for mt5 android
The current MT5 platform has been widely used, although not as many as MT4 users, the features brought by mt5 have better services.
It also supports automatic trading by making several settings. In the MQL5 market, there is much free software available.
However, to choose a free trading robot on the MQL5 market,, in addition to a description of the robot, you can also look at traders’ reviews.
You can find a free forex trading robot for mt5 here.
You can also explore your search by selecting the options, new, popular, free, and paid. The new option will display the latest software, popular options will show software that the community has chosen, and paid is paid software.
Forex Megadroid robot free download
Forex robot Megadroid is one of the names of trading robots that is popular among traders who use forex robots. However, there are several versions on the market because of some modifications made by users and then shared with the public.
Megadroid is a paid robot that is sold through the official website forex.megadroid.com, for $ 67 via the Clickbank account.
If you are interested in buying it, you can buy it directly through the official website. But I found the raw file version 1.35 unlocked Megadroid, if possible you have enough knowledge to use this trading robot is welcome.
Automatic trading is perfect for investor traders because it only requires a few settings, it will automatically carry out automatic trading.
However, choosing a Free robot forex trading software trading is very important because it is the key to success.
Meanwhile, for expert traders, opening a copy trading account will be a new opportunity to get additional profit apart from relying on trading itself.
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