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Expert Advisors

Got Money FX allows the full use of all Expert Advisors (EAs) on its trading platform. In fact Got Money FX regularly evaluates popular Expert Advisors to determine their profitability to help clients choose the best Expert Advisor according to their needs.

To learn more about our demo account testing of Expert Advisors visit our
Expert Advisors Demo Account Testing page.

To learn more about our live account testing of Expert Advisors visit our
Expert Advisors Live Account Testing page.

To learn more about how to install Expert Advisors visit our Forex Video Tutorials page.

To learn more about creating an Expert Advisor visit our MQL4 Programming page.

An Expert Advisor is a mechanical trading system written in the MQL4 programming language and designed to automate trading activities on the MetaTrader 4 platform. Expert Advisors can be programmed to alert you of a trading opportunities and can also trade your account automatically - managing all aspects of trading operations from placing orders to automatically adjusting stop losses, trailing stops, take profit levels and so on.

Expert Advisors exercise unmatched discipline when trading and can be designed to evaluate more parameters at the same time than any human could keep an eye on at once. Expert Advisors are all unique in the rules they follow to enter and exit the market.

Main Types of Expert Advisors

News Expert Advisor - A News Expert Advisor is designed to take advantage of news events that lead to a big movement in price at the time of the news being released.
Breakout Expert Advisor - The Breakout Expert Advisor is designed to open a trade when the price breaks through predefined support and resistance levels.
Hedge Expert Advisor - A Hedge Expert Advisor is any Expert Advisor that places two separate and opposing positions and minimizes the loss on one while capturing maximum profit on the other.
Scalper Expert Advisor - A Scalper Expert Advisor is the most active type of Expert Advisor placing and monitoring trades very frequently. It aims to secure small profits as soon as they are available.

Got an EA that needs fixing/installing? Email expert@gotmoneyfx.com.au for FREE help!

*Please note that Got Money FX Pty Ltd does not recommend any Expert Advisors, nor does the information above consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analysis, prices or other information contained does not constitute investment advice. Historical performance may not be a reliable indicator of future expected performance. Got Money FX allows the use of all Expert Advisors, however clients using an Expert Advisor do so at their own risk. Got Money FX does not accept any responsibility as to the performance, reliability or operation of Expert Advisors and does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within this communication. Trading forex carries a high level of risk and may not be suitable for all investors. Trading with leverage increases the potential for profit and loss. Before deciding to trade forex, you should carefully consider your financial objectives, level of experience and risk appetite.