{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"An Introduction to Automated Trading (EA) in Overseas Forex! Explanation of How to Get Started and Free MT4/MT5 EAs - Money Charger (Overseas Forex Cashback Service)","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"mdBKmt2B6z\"><a href=\"https://money-charger.com/en/information/foreign-fx-ea/\">An introduction to automated trading (EA) in overseas forex! We explain how to get started and introduce free MT4/MT5 EAs</a></blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https://money-charger.com/en/information/foreign-fx-ea/embed/#?secret=mdBKmt2B6z\" width=\"600\" height=\"338\" title=\"&amp;quot;Introduction to Automated Trading (EA) in Overseas Forex! How to Get Started and Free MT4/MT5 EAs Explained&amp;quot; &#x2014; Money Charger, your overseas forex cashback service\" data-secret=\"mdBKmt2B6z\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"></iframe><script type=\"text/javascript\">\n/* <![CDATA[ */\n/*! 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You may have many questions about automated trading systems (EAs), such as \"What are automated trading systems (EAs)?\", \"How do I use them?\", and \"I want to know more about MT4 and MT5.\" Therefore, this article will provide a clear explanation of automated trading systems (EAs) for overseas forex trading that can be used with MT4 and MT5. This article will cover everything you need to know about the mechanisms and features of EAs, so please use it as a reference. For beginners in overseas forex trading, we recommend starting with our \"Complete Guide to Overseas Forex for Beginners.\" What are Automated Trading Systems (EAs) in Overseas Forex? Explaining Features and Mechanisms. In overseas forex trading, you can utilize automated trading systems called EAs. EA stands for Expert Advisor, and it refers to automated trading systems built into MT4 and MT5. Traders using MT4 and MT5 can freely install them, regardless of their broker. First, let's confirm what MT4 and MT5 actually are. What is MT4 (MetaTrader 4)? MT4 (MetaTrader 4) is the name of an FX platform. It is the most popular trading tool in the world, used by everyone from individual traders to major financial institutions. It was developed for brokers by the Russian software company \"MetaQuotes.\" What is MT5 (MetaTrader 5)? MT5 (MetaTrader 5) is an abbreviation for MetaTrader 5, and is an upgraded version of the MT4 platform. The latest version at present is MT5, and most overseas FX brokers offer both. While MT5 and MT4 have different specifications and functions, there isn't a huge difference in their performance. Whichever you choose, they are both high-performance tools. How MT4/MT5 automated trading (EA) works Automated trading (EA) is one of the platform's functions and is not provided by the FX broker. EAs programmed by traders and developers around the world are published on the MT4/MT5 marketplace (MQL5). Automated trading systems usable with MT4 and MT5 are collectively called EAs (Expert Advisors). Users can install publicly available EAs from the MT4/MT5 marketplace (MQL5) and use them for trading. What is an EA? In automated trading (EAs), trading rules (strategies) are programmed based on algorithmic analysis. Algorithmic analysis is a method of deriving certain trading rules from a vast amount of data such as past price movements, chart patterns, and technical indicators. Trading rules and strategies differ from developer to developer, resulting in a variety of EA types. The EA automatically trades according to the pre-programmed strategy. Automated trading (EAs) on MT4 and MT5 are popular worldwide. The reason why MT4 and MT5 have become such popular platforms worldwide is not only because they are equipped with high-performance technical tools, but also because they allow for the programming of automated trading. Automated trading was once an FX method adopted only by a few large financial institutions. However, the programming functions provided by MT4 and MT5 have made it possible for individual traders to easily develop automated trading systems. Furthermore, the MQL5 marketplace, where providers and users can exchange goods, gained popularity, and MT4/MT5 quickly became used worldwide. MT4/MT5 allows for the creation of automated trading systems (EAs). MT4/MT5 provides its own programming language for development. Using these programming languages, anyone can create automated trading systems and indicators. Currently, there are no other tools that can rival MT4/MT5. With its development capabilities, MT4/MT5 is arguably the ultimate FX tool. Japanese FX traders also use the MQL language to develop and provide automated trading systems and indicators for MT4/MT5. Recommended methods for using overseas FX automated trading systems (EAs) for free. So, how can MT4/MT5 automated trading systems (EAs) be used? Here, we introduce recommended methods for using EAs for free. What is the MQL4/MQL5 marketplace? EAs can be obtained from an information site called \"MQL5,\" which is linked to the MT4/MT5 site. MQL5 Top Screen MQL4 (MT4) services are also available from the MQL5 site, and indicators and EAs can be installed from the MQL5 marketplace. Developers act as providers, and users as recipients, allowing for mutual effective use of the MQL5 marketplace. Is MQL5 registration free? New MQL5 registration is, of course, free. Account creation and deletion can be easily done online. Indicators and EAs can be installed from this marketplace to your trading tools. The registration method will be explained in detail later. Types of MT4/MT5 EAs (Free/Paid) The number of EAs available for MT4/MT5 is overwhelmingly large, exceeding 12,000. Including those distributed by individuals, the number of EAs is even larger. EAs are available in both free and paid versions. Paid EAs range from around $30 to $1,000. Expensive EAs can cost around $3,000. A higher price doesn't necessarily mean a higher profit. While paid EAs are generally set up to be more profitable, there are many high-quality free EAs as well. You can find EAs that meet your specific needs from among the free EAs available. What are overseas FX EA purchase sites and free distribution sites? Automated trading (EAs) can be obtained from individual distribution sites and dedicated sales sites. […]"}