Even though many traders know that automated trading systems (EAs) for overseas forex are available on MT4 and MT5, they are often unsure how to actually use them. Common questions include: "I want to start automated trading with overseas forex, but I don't know how," "Where can I get automated trading EAs?", and "How do I stop an EA?". Unlike automated trading in domestic forex, information on automated trading (EAs) is still scarce. Therefore, this article will provide a complete and thorough explanation of how to use and set up automated trading (EAs) for overseas forex. Reading this will answer all your EA questions. Please use it as a reference. Beginners in overseas forex should first read the "Complete Guide for Overseas Forex Beginners." Contents 1. How to Install Overseas Forex Automated Trading (EA) 1.1 What is the MQL Market for Automated Trading (EA)? 1.2 How to Install Automated Trading (EA) 1.3 How to Add and Set Up an EA on a Chart 2. How to Backtest Overseas Forex Automated Trading (EA) 2.1 What is Backtesting in MT4/MT5? 2.2 How to set up backtesting in MT4/MT5 2.3 How to interpret backtest results in MT5 2.4 Determining the optimal settings for an EA using backtesting 2.5 How to perform forward testing 2.6 Testing and comparing multiple EAs 3 How to use an EA (Expert Advisor) 3.1 Starting and stopping an EA (Expert Advisor) 3.2 Manually closing an EA (Expert Advisor) position 3.3 Deleting an EA (Expert Advisor) 3.4 How to set stop-loss for automated trading (EA) 3.5 Troubleshooting when MT4/MT5/EA is not working 4 How to purchase a paid automated trading program (EA) 4.1 What are the initial and maintenance costs for a paid EA? 4.2 How to purchase a paid EA 5 Tips and precautions for success with automated trading (EA) in overseas forex 5.1 Three tips for success with automated trading (EA) 5.2 Precautions when using automated trading (EA) 6 Frequently asked questions about automated trading (EA) in overseas forex 6.1 Is it okay to turn off the power while the EA is running? 6.2 Can EAs be used on smartphones and tablets? 6.3 Are there any overseas FX brokers that prohibit EAs? 7 Summary: Let's make solid profits with MT4/MT5 EAs! How to install automated trading (EAs) for overseas FX Automated trading (EAs) can be obtained from the MQL5 marketplace after installing MT4/MT5. First, let's briefly introduce MQL5, which contains various information about MT4/MT5. What is the MQL marketplace for automated trading (EAs)? MQL5 is a community site for MetaTrader 4 and MetaTrader 5. It is operated by "MetaQuotes," the developer of MT4/MT5. MQL5 Official Website MQL5 offers countless EAs, indicators, programming information for developers, market trends, and a variety of tools that can be used on the FX platform. It is full of useful information for FX trading, such as copy trading, signal delivery, and Japanese time setting tools. The MQL5 Market also features job postings for programmers, allowing you to earn money through article writing and programming. You can install MT4 and MT5 Expert Advisors (EAs) from this MQL5 Market. To use the MQL Market, you need to register as an MQL5 member. MQL5 registration is free. It's recommended to create an account beforehand. Instructions on how to register for MQL5 can be found under the heading "How to Start and Use Overseas Forex Automated Trading (EA)" in this article. We also explain how to choose an EA and how to use Japanese notation, so please refer to it. How to Install Automated Trading (EA) Now, let's download an EA for free from the MQL Market. We will explain the steps from download to installation in an easy-to-understand way. The procedure is the same for both MT4 and MT5, so please refer to it for either case. … Continue reading Complete Guide to Overseas Forex Automated Trading (EA) | MT4/MT5 EA Setup Methods and Causes and Solutions for When EAs Don't Work