{"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":"Recommended MT4/MT5 Automated Trading (EA) Systems for Overseas Forex Trading | Recommended Accounts and Points to Consider When Choosing - Money Charger (Overseas Forex Cashback Service)","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"pPPjAWeU8C\"><a href=\"https://money-charger.com/en/information/overseas-fx-ea-ranking/\">Recommended MT4/MT5 Automated Trading (EA) Systems for Overseas Forex Brokers: Ranking | Recommended Accounts and Points to Consider When Choosing an Account</a></blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https://money-charger.com/en/information/overseas-fx-ea-ranking/embed/#?secret=pPPjAWeU8C\" width=\"600\" height=\"338\" title=\"&amp;quot;Recommended Ranking of MT4/MT5 Automated Trading (EA) Systems for Overseas Forex | Explanation of Recommended Accounts and Points to Note When Choosing&amp;quot; &#x2014; Money Charger (Overseas Forex Cashback Service)\" data-secret=\"pPPjAWeU8C\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"></iframe><script type=\"text/javascript\">\n/* <![CDATA[ */\n/*! This file is auto-generated */\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n//# sourceURL=https://money-charger.com/wp-includes/js/wp-embed.min.js\n/* ]]> */\n</script>\n","description":"One of the attractions of automated trading systems (EAs) in overseas forex is the wider variety available compared to domestic forex. MT4 and MT5 platforms are equipped with system trading called Expert Advisors (EAs). Anyone can easily install and trade with MT4 or MT5, but the sheer number of options can be overwhelming. Therefore, this article will first explain how to choose a good EA, and then present a ranking of recommended automated trading systems (EAs). We will also touch upon recommended overseas forex accounts with account opening bonuses, as well as the advantages, disadvantages, and points to note for each EA. By the time you finish reading, you will understand the secrets to choosing a winning EA. This is a must-read for traders who want to try EAs. Points to consider when choosing an overseas forex automated trading system (EA) Automated trading systems (EAs) are a service that is originally built into MT4 and MT5. They can be inserted into charts and used for trading regardless of the overseas forex broker. Once set up, they trade 24 hours a day, making it possible for busy people or those who lack confidence in discretionary trading to start forex trading. However, while profits can be automatically generated, there are also disadvantages and risks, such as losses accumulating without your knowledge. Not all EAs (Expert Advisors) are profitable, so you must be careful. To win with a \"profitable EA\" and a \"reliable EA,\" what kind of EA should you choose? First, let's carefully check the points to consider when choosing an automated trading system (EA) for overseas forex. How to choose an automated trading system (EA) 1. Decide whether to choose a free or paid EA Automated trading systems usable with MT4 and MT5 can be freely installed by anyone from the MQL5 marketplace. More than 12,000 EAs are available on the MQL5 marketplace, and there are various types, both free and paid. All EAs listed on MQL5 have detailed information and reviews available in Japanese. If the Japanese version is in English, you can click the language icon in the upper right corner of the details page or review to view it in Japanese. Differences between paid and free EAs Paid EAs range from under $50 for cheaper options to around $500 to $1,000 for popular EAs. You can choose to either purchase them or pay a monthly fee. Free EAs are completely free to use. Paid EAs often use advanced indicators in their strategies, and some say they are easier to win with, but there are also many excellent free EAs. Why are excellent EAs free? It's often because the developer offers them to guide you towards the paid version, or to build their track record. In either case, there are no additional initial fees or commissions. Be cautious if you are charged a registration fee or initial fee in addition to the purchase price to obtain an EA, as this may be a scam. Try using a free EA first. It's not true that free EAs are inferior and paid EAs are guaranteed to win. You might experience losing trades even with an expensive EA, or you might get unexpected profits with a free EA. Below is a review of the well-known free EA \"Dark Vinus.\" (Excerpted from MQL5, the MT5 community site.) Example of a free EA review (from Dark Vinus): Even free EAs can potentially deliver excellent results. Even when using a paid version, you might be confused by the operation methods at first, so it's best to start with the free version. Also, the types of EAs available differ between MT4 and MT5. The differences and how to choose are explained in detail in \"Recommended Overseas FX Broker Comparison List for MT4.\" Please refer to that as well. How to Choose an Automated Trading System (EA) 2. What kind of EA do you want to use for FX trading? There are well over 12,000 types of EAs. When choosing an EA from among the many types, the first thing to consider is \"what kind of EA do you want to use for FX trading?\" What kind of trading method do you want to use to make money? Automated trading systems (EAs) are programmed with different strategies and trading rules. First, you can choose based on the technical indicators they use. Examples of typical EA technical indicators include [list of indicators]. You can also choose based on the trading method. If you're unsure, it's a good idea to have a general idea, such as whether you prefer an \"aggressive profit-making type\" or a \"safe and steady profit-making type.\" How long do you want to make money? Another important factor in choosing an EA is the trading period. The EA you choose will depend on how long you want to aim for profits. How to Choose an Automated Trading System (EA) 3. Don't be fooled by upward-sloping charts When selecting an automated trading EA, it is essential to choose one with an \"upward-sloping chart\" when viewed in the medium to long term. A chart showing an \"upward trend\" means that the \"balance = assets\" are increasing. However, there is a hidden blind spot in this \"upward trend,\" and the performance changes significantly depending on the period over which the results are viewed. EA trading performance varies depending on the conditions. Let's look at the trading performance of the EA \"Stratos Zephyr\" as an example, changing the period. EA \"Stratos Zephyr\" (1-year performance) The trading performance of the above EA over one year shows a steady upward trend, although there are some dips. It seems like you could make money by leaving it alone for about a year. EA \"Stratos Zephyr\" (6-month performance) However, what about looking at it over six months? You can see that the majority of the held positions were in the red. Although it eventually recovered, it is clear that this is a very risky EA. EA \"Strato […]"}