If you are familiar with MetaTrader 4, you know how simple and convenient it is. We have a detailed article on how to set up, log into, and open a trade on MT4.

But did you know that MT4 allows automated trading? That’s right, you can use Expert Advisors (EAs) and make your trading activity automatic or semi-automatic.

EAs are programs on MT4 that analyze the market and open a position for you or notify you of the best time to do so. They look intimidating at first, but once you start following the instructions, it gets quite simple.

Keep reading if you want to find the best EA and increase your profits!

Where to find Expert Advisors?

Log into MetaTrader 4. Then open the ‘Market’ tab in the Terminal window at the bottom of your screen. If you don’t see a Terminal window, try using Ctrl + T combination on your keyboard to open it.

In the Market tab, you’ll see dozens of EA robots — free and for pay. Choose wisely!

Where to find Expert Advisors

How to choose the best EAs?

1. Check the rating

Click on the EA to see its description and reviews. The more reviews an EA has, the more popular it is among traders.
Make sure you only use EAs based on the trading strategy you understand. The strategy is usually defined in the description.

Check the rating of ea

2. Use Demo versions of paid EAs

All EAs have a Demo period! This is a perfect chance to try them out, and if you think it’s worth it, you can buy the EA — or use an abundance of free ones available on MT4.

3. Backtest your EAs

Use the Strategy Tester to check the profitability of the EA. Go to the «View» tab in the top menu and press «Strategy Tester» or simply use Ctrl + R combination. Choose an instrument, time period, and timeframe, and click «Start».

Then compare how well the robot works on different instruments and timeframes. For that, go to the «Report» tab of the Tester window.
We backtested an EA from the start of the year and got a net profit of 187.9. Consecutively, there were more wins than losses — a good sign for trading with this EA.

how to backtest eas

4. Study MQL4 to learn to adjust EAs

MQL4 is a programming language for developing trading strategies. It is easy to learn and work with and has a big codebase. With it, you can modify an expert advisor for yourself using MetaEditor.

These steps above will help you find the best trading robot for MetaTrader 4 and beat the market!

Do something today that your future self will thank you for.