Expert Advisors
Brokers with expert advisors (EAs) offer a powerful automation feature available on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. With algorithmic investing becoming ever more accessible, more traders are looking to learn how to use EAs. In this guide for UK traders, we will cover what expert advisors are, how they work and how to enable them in MT4. Our team have also produced a list of the best expert advisor brokers in 2025:
Top UK Brokers With Expert Advisors
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Founded in Australia in 2010, Pepperstone is a highly regarded broker specialising in forex and CFDs. Serving more than 400,000 clients globally, it provides access to over 1,300 financial instruments through popular platforms like MT4, MT5, cTrader, and TradingView. Its fee structure is both low and transparent. With regulation by reputable bodies such as the FCA, ASIC, and CySEC, Pepperstone guarantees a safe trading environment for traders at every level.
Instruments Regulator Platforms CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
FXCC, a well-established brokerage since 2010, offers cost-effective online trading. Registered in Nevis and regulated by CySEC, it is distinguished by its ECN conditions and absence of a minimum deposit requirement. The account opening process is efficient, taking under five minutes.
Instruments Regulator Platforms CFDs, Forex, Indices, Commodities, Crypto CySEC MT4, MT5 Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:500 -
IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto ASIC, CySEC, FSA, CMA MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) -
IC Trading belongs to the reputable IC Markets group. Designed for dedicated traders, it offers highly competitive spreads, dependable order execution, and sophisticated trading tools. However, it operates from Mauritius, an offshore financial centre, allowing high leverage but within a less regulated environment.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures FSC MT4, MT5, cTrader, AutoChartist, TradingCentral Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:500 -
Fusion Markets, an online broker since 2017, operates under the regulation of ASIC, VFSC, and FSA. Renowned for offering cost-effective forex and CFD trading, it provides various account options and copy trading solutions to suit diverse trading needs. New clients can begin trading with a simple three-step registration process.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Crypto ASIC, VFSC, FSA MT4, MT5, cTrader, TradingView, DupliTrade Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:500 -
Trade Nation is a leading FX and CFD broker regulated in the UK and Australia, among other places. The company provides competitively priced fixed and variable spreads on over 1,000 assets. Traders benefit from advanced platforms and comprehensive training materials. Additionally, the Signal Centre offers valuable trade ideas.
Instruments Regulator Platforms Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) FCA, ASIC, FSCA, SCB, FSA MT4 Min. Deposit Min. Trade Leverage $0 0.1 Lots 1:500 (entity dependent) -
BlackBull, a New Zealand-based CFD broker, offers a wide range of trading options across more than 26,000 instruments. Following a 2023 rebrand, it boasts a contemporary design and provides advanced trading tools along with ultra-fast execution speeds, averaging 20ms.
Instruments Regulator Platforms CFDs, Stocks, Indices, Commodities, Futures, Crypto FMA, FSA BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:500
Pepperstone
FXCC
IC Markets
IC Trading
Fusion Markets
Trade Nation
BlackBull MarketsSafety Comparison
Compare how safe the Expert Advisors are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✘ | ✔ | |
| FXCC | ✘ | ✔ | ✘ | ✔ | |
| IC Markets | ✘ | ✔ | ✘ | ✔ | |
| IC Trading | ✘ | ✘ | ✘ | ✔ | |
| Fusion Markets | ✘ | ✔ | ✘ | ✔ | |
| Trade Nation | ✔ | ✔ | ✘ | ✔ | |
| BlackBull Markets | ✘ | ✔ | ✘ | ✔ |
Payments Comparison
Compare which popular payment methods the Expert Advisors support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| FXCC | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| IC Markets | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| IC Trading | ✔ | ✔ | ✔ | ✔ | ✘ | ✘ |
| Fusion Markets | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Trade Nation | ✔ | ✔ | ✔ | ✘ | ✔ | ✘ |
| BlackBull Markets | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
Mobile Trading Comparison
How good are the Expert Advisors at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| Pepperstone | iOS & Android | ✘ | ||
| FXCC | iOS & Android | ✘ | ||
| IC Markets | iOS & Android | ✘ | ||
| IC Trading | iOS & Android | ✘ | ||
| Fusion Markets | iOS & Android | ✘ | ||
| Trade Nation | iOS & Android | ✘ | ||
| BlackBull Markets | iOS & Android | ✘ |
Beginners Comparison
Are the Expert Advisors good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
|---|---|---|---|---|---|
| Pepperstone | ✔ | $0 | 0.01 Lots | ||
| FXCC | ✔ | $0 | 0.01 Lots | ||
| IC Markets | ✔ | $200 | 0.01 Lots | ||
| IC Trading | ✔ | $200 | 0.01 Lots | ||
| Fusion Markets | ✔ | $0 | 0.01 Lots | ||
| Trade Nation | ✔ | $0 | 0.1 Lots | ||
| BlackBull Markets | ✔ | $0 | 0.01 Lots |
Advanced Trading Comparison
Do the Expert Advisors offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Pepperstone | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
| FXCC | Expert Advisors (EAs) on MetaTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
| IC Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✘ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✔ | ✘ | ✔ | ✘ |
| IC Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
| Fusion Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
| Trade Nation | Expert Advisors (EAs) on MetaTrader | ✘ | 1:500 (entity dependent) | ✘ | ✘ | ✘ | ✘ |
| BlackBull Markets | Expert Advisors (EAs) on MetaTrader, cTrader Automate | ✘ | 1:500 | ✔ | ✔ | ✔ | ✘ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Expert Advisors.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | |||||||||
| FXCC | |||||||||
| IC Markets | |||||||||
| IC Trading | |||||||||
| Fusion Markets | |||||||||
| Trade Nation | |||||||||
| BlackBull Markets |
Our Take On Pepperstone
"Pepperstone is a premier trading platform, providing tight spreads, swift execution, and sophisticated charting tools for seasoned traders. Beginners benefit from no minimum deposit, comprehensive learning materials, and outstanding 24/7 support."
Tobias Robinson
Reviewer
Pros
- Pepperstone presents itself as an economical choice for traders, offering spreads as low as 0.0 in its Razor account. The Active Trader programme provides rebates up to 30% on indices and commodities, plus $3 per lot on forex.
- Pepperstone now offers spread betting via TradingView, delivering a streamlined and tax-efficient trading experience with sophisticated analytical tools.
- Pepperstone offers rapid execution speeds of approximately 30ms, enabling swift order processing and execution, making it ideal for traders.
Cons
- Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
- Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.
- Although its market range has improved, its crypto offerings remain limited compared to brokers specialising in this sector, lacking real coin investment options.
Our Take On FXCC
"FXCC remains a top choice for forex traders, offering over 70 currency pairs, very tight spreads from 0.0 pips in tests, and high leverage up to 1:500 with the ECN XL account."
Pros
- The complimentary education section, featuring the 'Traders Corner' blog, provides a wide array of resources suitable for traders of all experience levels.
- There are no limitations on short-term trading techniques such as trading and scalping.
- FXCC offers competitive and transparent ECN spreads starting from 0.0 pips, with no commissions. This makes it one of the most cost-effective forex brokers available.
Cons
- While the MetaTrader suite excels in technical analysis, its outdated design detracts from the overall trading experience, particularly when contrasted with contemporary platforms such as TradingView.
- The range of research tools, such as Trading Central and Autochartist, is quite limited. Leading platforms in this category, like IG, offer more advanced features.
- Unaware traders might face steep withdrawal fees, such as a notable $45 for bank transfers.
Our Take On IC Markets
"IC Markets provides excellent pricing, swift execution, and easy deposits. With cutting-edge charting tools like TradingView and the Raw Trader Plus account, it continues to be a preferred option for intermediate and advanced traders."
Pros
- IC Markets provides some of the industry's narrowest spreads, offering 0.0-pip spreads on major currency pairs. This makes it an extremely cost-effective choice for traders.
- In 2025, IC Markets earned DayTrading.com's accolade for 'Best MT4/MT5 Broker' due to its top-tier MetaTrader integration. This achievement highlights the broker's continuous refinement over the years to enhance the platform experience.
- IC Markets provides reliable 24/5 support, especially for account and funding queries, drawing from direct experience.
Cons
- Interest is not paid on idle cash, a feature gaining popularity with alternatives such as Interactive Brokers.
- Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable.
- The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders.
Our Take On IC Trading
"IC Trading offers an ideal environment, featuring top-tier execution speeds of around 40 milliseconds, extensive liquidity, and advanced charting tools, perfect for scalpers, traders, and algorithmic traders."
Christian Harris
Reviewer
Pros
- Trading Central and Autochartist provide valuable technical analysis and actionable ideas. These tools are readily available within the account area or on the cTrader platform.
- IC Trading offers top-tier spreads, with some major currency pairs like EUR/USD featuring spreads as low as 0.0 pips, making it an excellent choice for traders.
- IC Trading provides exceptional flexibility, allowing traders to open as many as 10 live accounts and 20 demo accounts. This enables the management of distinct profiles for various activities, including manual and algorithmic trading.
Cons
- The educational materials require significant enhancement unless accessed via the IC Markets website. This limitation is particularly disadvantageous for beginners seeking a thorough learning experience, especially when compared to industry leaders such as eToro.
- Although IC Trading operates under the reputable IC Markets group, it is licensed by the FSC in Mauritius, a regulator known for its limited financial transparency and lack of robust safeguards.
- Unlike IC Markets, IC Trading lacks support for social trading via the IC Social app or the ZuluTrade platform.
Our Take On Fusion Markets
"Fusion Markets offers forex traders competitive pricing with minimal spreads, low commissions, and new TradingView integration. It is an excellent choice, especially for Australian traders, given its base and regulation by ASIC."
Pros
- Fusion Markets consistently impresses traders with its competitive pricing, featuring tight spreads and lower-than-average commissions. These cost-effective options are particularly attractive to those engaging in frequent trading.
- Fusion Markets provides exceptional support, characterised by rapid, friendly, and efficient responses. Unlike other platforms, it doesn't utilise automated chatbots, ensuring traders experience a seamless interaction.
- Fusion Markets provides algo traders with a sponsored VPS and offers a 25% discount for choosing the NYC Servers VPS for MT4 or cTrader.
Cons
- Traders from outside Australia need to register with loosely regulated international firms that offer limited protection, lacking both safeguards and negative balance protection.
- The demo account, lasting only 30 days, is limited in its effectiveness as a trading tool when used with a live account.
- The broker stands out with its extensive selection of currency pairs, surpassing most competitors. However, its alternative investment options are merely average, lacking stock CFDs outside the US.
Our Take On Trade Nation
"Trade Nation is ideal for novice traders seeking diverse markets on an easy-to-use platform. It offers no minimum deposit, complimentary funding options, and robust educational resources."
Pros
- A variety of trading platforms and apps, such as MT4, make the brand suitable for experienced traders.
- Access a comprehensive selection of investments through leveraged CFDs, enabling both long and short strategies.
- The trading firm provides narrow spreads and a clear pricing structure.
Cons
- Reduced legal safeguards with an offshore entity.
Our Take On BlackBull Markets
"Following the upgrade to Equinix servers in New York, London, and Tokyo, BlackBull has reduced latency, making it a clear choice for stock CFD trading using ECN pricing."
Pros
- BlackBull provides three ECN-powered accounts—Standard, Prime, and Institutional—to cater to traders of all experience levels, from novices to seasoned professionals. The variety of account types allows for flexible options tailored to individual trading needs and available capital.
- BlackBulls's research excels, particularly in the daily 'Trading Opportunities' articles. These publications simplify complex market dynamics into clear insights, enabling traders to effectively capitalise on emerging trends.
- BlackBull provides everything a trader needs: execution speeds under 100ms, leverage as high as 1:500, and competitive spreads starting at 0.0 pips.
Cons
- BlackBull does not offer its own trading platform, instead utilising MetaTrader, cTrader, and TradingView. Although these platforms are highly regarded, some brokers, such as eToro, provide proprietary platforms with distinct features that cater well to novice traders.
- Despite an expanding range of over 26,000 assets, including new additions to Asia Pacific indices, their offerings are primarily equities. The selection of currency pairs and indices remains average.
- Unlike many leading brokers, BlackBull imposes a bothersome $5 fee for withdrawals. This charge can reduce the overall cost-effectiveness, particularly for traders who regularly transfer funds.
What Are Expert Advisors?
Expert advisors are programs coded to perform automated, hands-free trading on the MetaTrader 4 and MetaTrader 5 platforms. EAs can be designed, programmed and compiled individually from within the dedicated MQL MetaEditor or purchased from the MetaTrader Market.
Many traders publish their EAs on the MQL stores, either allowing public use for free or requiring a fee to be paid. MT4 and MT5 EAs come in all shapes and sizes, from simple SMA crossover strategies to complex, multi-asset hedging and netting systems that combine fundamental and technical analysis approaches. Outside of the MetaQuotes platforms, expert advisors are referred to as trading bots, robots or investing algorithms.
Expert advisors are a great way to remove limiting factors from hands-on trading strategies. Namely, human emotion, speed (or lack thereof), availability limits and cognitive holdbacks. By building a repeatable strategy that (hopefully) works consistently and setting it to run automatically, you remove the emotional component of decision-making, ensuring that trades are based solely on evidence and patterns.
In addition, an EA will often react more quickly to market events, take advantage of profitable opportunities while you are away from the computer, and not be distracted by irrelevant information.
How Do EAs Work?
Expert advisors are programmes in the MetaTrader terminals that perform automated trading tasks.
They can be programmed in the MetaEditor to perform technical analysis of price data and manage trading activities based on the signals they receive. This allows them to efficiently perform analysis and automatically open or close trades on behalf of the trader.
What Platforms Offer Expert Advisors?
Expert advisors are primarily available on the MetaTrader 4 and 5 trading platforms. These platforms are designed to seamlessly integrate with EAs, interfacing with MetaQuotes’ proprietary programming languages (MQL4 & MQL5).
Note, some other third-party platforms, such as cTrader, also offer a form of expert advisor trading.
How To Make An Expert Advisor
Creating an expert advisor does not require proficiency in MQL4 and MQL5, you can do it without programming experience. While those with a greater understanding of programming will find it easier to build and optimise complex EAs, those new to algorithmic investing can take advantage of the MQL5 Wizard. This tool uses a graphical interface to help generate an automated trading bot within MT5, making the process much simpler. A step-by-step guide to using the wizard is given below.
MetaEditor is the built-in scripting window within MetaTrader 4 and MetaTrader 5 that allows users to produce scripts and generate their EAs with MQL4 and MQL5. Note that MQL5 allows users to produce expert advisors that can work up to 20 times faster than their equivalents in MQL4.
While using expert advisors, our experts found that it is key to test any EA you plan to use before giving it the chance to play with your money. This can be done in real-time markets within the MT4 or MT5 demo account environment, a mock account with simulated funds and live pricing data.
Alternatively, you can use MT5’s strategy backtesting feature, which lets you test EAs on an extensive history of asset values. However, there is no guarantee that an EA that is profitable in one period will perform the same in another. Longer periods of testing can mitigate this phenomenon, though the further you go, the more the market characteristics will have changed.
Beginner’s Guide To Creating MT5 Expert Advisors
- Open the MetaEditor from within the MetaTrader 5 platform. This can be done by clicking the IDE button in the toolbar or pressing F4.
MT5 MetaEditor
- Click the New button in the MetaEditor toolbar to access the MQL5 Wizard. This will produce a menu from which you can generate an EA, create a custom indicator, implement scripts, create a new class and more. Click on the Expert Advisor (Generate) button.
- Next, type in the name of your EA. The author and link can also be changed here. Click Next to continue onto the parameters.
- This is the point to add the signal properties of the expert advisor. Click the Add button to open a window that allows you to set the parameters of a signal module. If you want, you can layer several signal modules on top of each other.
Expert Advisors Signal Properties Page
- Once the signal parameters are set up, you can define the trailing properties of the algorithm. These work just like trailing stops and take profits when investing manually.
- Expert advisors also need to know how much capital to invest in each position. The money management section here includes parameters for volume fixing, risk management, margin and more. Once you have finalised these parameters, click Finish to generate the EA.
- Once the expert advisor is in place, its code needs to be compiled before it can be implemented. This is done by clicking the Compile button in the MetaEditor hotbar.
- Once expert advisors have been compiled, they can be implemented as part of a trading strategy. To do so, ensure that algorithmic trading is enabled by pressing the Algo Trading button in the hotbar. Next, open the Insert menu and navigate to Experts. Here, you should find your named EA and clicking on it will begin implementing it on your chosen asset.
MQL Market
MetaTrader’s MQL5 Forex Market is the largest available collection of free and paid expert advisors. Here, traders can browse the online database of EAs and indicators for sale created by other users and provided to the public. There are many filters here that can be used to narrow the resulting range of EAs that appears.
The market conveniently offers demos of the EAs, renting options and a buy option. Expert advisor prices can range from being completely free to £25,000.
It is key to remember that not every algorithm will work for every situation and good expert advisors for MT4 and MT5 may be difficult to find. Most are designed for specific assets over specific timeframes.
Pros & Cons Of Expert Advisors
Pros
- Automation – Using brokers that support expert advisors lets you perform trades with limited manual effort. The positions will automatically open and close according to the parameters of the EA, giving you more time to focus on other investing activities.
- Speed – As expert advisors are electronic programmes, they can automatically perform trades with reactions much quicker than humans. This means that the EA robots can react to volatility and market conditions much more quickly than humans, so more of each profitable opportunity can be taken advantage of.
- Accessibility – Creating expert advisors has never been easier than with the MQL5 wizard. Programming knowledge is not required to build simpler EAs, so newer traders can jump into algorithmic trading.
Cons
- Programming – To create more complex, specialised expert advisors, specific programming knowledge is required. The most suitable is the bespoke MQL4/5 languages, which users will likely need to learn.
- Risk – Although leaving your investing to a robot with expert advisors brokers can make it easier and potentially more profitable, there is also the risk that market conditions could change unexpectedly. This could cause the bot to no longer be as efficient at profit-making or even switch to loss-making. The programme will continue to do as it is programmed, so users should need to keep a watchful eye.
- Price – Our experts found that, while there are many free or cheap EAs, there are also many priced very highly (up to £25,000). There is no guarantee that expert advisors will be a good return on investment, so caution should be used when buying an EA off of the market.
Comparing Expert Advisors Brokers
If you want to trade using expert advisors then you will need to choose a broker that offers the MetaTrader 4 or 5 platforms. However, these are two of the most popular platforms used by online traders, so there is a huge range of suitable brokers. As such, choosing the right one can be daunting. Below, we have outlined some of the key things UK traders should consider when choosing from expert advisors brokers.
Instruments
The instruments available for investing will differ between brokers for expert advisors. Many UK firms will offer the major UK exchanges, like the London Stock Exchange, as well as the New York Stock Exchange.
However, if you are looking to trade more exotic products like cryptocurrency then you will need to make sure the broker offers those assets before opening an account.
Base Currency
UK traders will likely want to invest with brokers that support GBP as a base currency. When GBP is not available, depositing in and withdrawing to GBP may incur foreign exchange (forex) fees, meaning you will be charged an extra fee on top of any others incurred while investing.
Regulation
To ensure brokers with expert advisors practise financial fair play, traders are advised to sign up with regulated brokers.
Top UK expert advisors brokers, such as Pepperstone, are regulated by the Financial Conduct Authority (FCA), the golden standard of financial regulators, ensuring the highest level of safety of clients’ funds.
Fee Structures
Brokers with expert advisors may operate different fee structures. Some have deposit and withdrawal fees, while others may charge commissions on trades. Additional fees include swap fees, subscription and freemium models, inactivity fees and loose spreads.
Finding brokers with a fee structure that minimises your costs will be key in maximising your profit-making potential with expert advisors.
Bottom Line On Brokers With Expert Advisors
The MetaTrader 4 and 5 platforms offer a unique, customised algorithmic trading experience through their expert advisors feature. Signing up for brokers that support expert advisors allow users to automate their investing workflow, improving reaction times, removing human emotion and increasing their profit potential. Moreover, with MQL5’s streamlined EA generation wizard, automated trading has become ever more accessible and is something that any investor using MetaTrader can give a go.
FAQ
What Are Expert Advisors?
Expert advisors are automated, algorithmic trading programmes primarily available on the MT4 and MT5 investment platforms. They are programmable and customisable scripts written in the MQL4 or MQL5 languages for seamless integration with the platforms. EAs automatically perform technical analysis and place trades based on statistical and graphical signals they perceive.
Do UK Brokers Offer Expert Advisors?
There are many UK brokers that support expert advisors, such as Pepperstone. This broker is regulated by the FCA and offers both the MetaTrader platforms with access to EAs. Alternatively, see our full list of brokers with expert advisor trading.
How Do You Make An Expert Advisor?
Expert advisors can be programmed using the MQL4 or MQL5 languages for MT4 and MT5, respectively. Alternatively, the MQL5 MetaEditor EA builder gives users the tools to generate bots without any programming knowledge. Follow our step-by-step tutorial to learn how.
How Do You Enable Expert Advisors In MetaTrader?
To enable the use of EAs in MetaTrader, click the Algo Trading button in the hotbar of the platform. A message should then appear in the comment section below indicating that expert advisors have been enabled.
Can You Buy Expert Advisors?
The MetaTrader MQL Market allows you to browse, buy, rent and demo expert advisors created by other users. Here you will find a huge range of EAs, some costing nothing while others can cost up to £25,000. There are many forex trading robots available but many detail that they are designed for specific pairs traded over certain timeframes.