{"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":"Complete Guide to Automated Trading (EA) in Overseas Forex | How to Set Up EAs in MT4/MT5, Causes and Solutions for When They Don't Work - Money Charger (Overseas Forex Cashback Service)","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"EY0mJcJ5DC\"><a href=\"https://money-charger.com/en/information/overseas-fx-ea-setting/\">Complete Guide to Automated Trading (EA) in Overseas Forex | How to Set Up EAs in MT4/MT5 and Solutions for When They Don&apos;t Work</a></blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https://money-charger.com/en/information/overseas-fx-ea-setting/embed/#?secret=EY0mJcJ5DC\" width=\"600\" height=\"338\" title=\"&amp;quot;Complete Guide to Automated Trading (EA) in Overseas Forex | How to Set Up EAs in MT4/MT5, and Solutions for When They Don&amp;#39;t Work&amp;quot; &#x2014; Money Charger (Overseas Forex Cashback Service)\" data-secret=\"EY0mJcJ5DC\" 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":"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 to Overseas Forex for Beginners.\" How to Install Overseas Forex Automated Trading (EAs) After installing MT4 or MT5, automated trading (EAs) can be obtained from the MQL5 marketplace. First, let's briefly introduce MQL5, which contains various information about MT4 and 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 and MT5. MQL5 Official Website MQL5 offers countless resources, including EAs, indicators, programming information for developers, market trends, and a wide variety of tools usable on FX platforms. It is packed with useful information for FX trading, such as copy trading, signal services, and tools for setting Japanese time. Job postings for programmers are also listed, so you can earn money by writing articles or programming. Expert Advisors (EAs) for MT4 and MT5 can be installed from this MQL5 marketplace. To use the MQL marketplace, you need to register as an MQL5 member. MQL5 membership registration is free. Please create an account in advance. You can find instructions on how to register as an MQL5 member under the heading \"How to Start and Use Overseas FX 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 an Automated Trading System (EA) Let's download an EA for free from the MQL Market. We will explain the steps from downloading to installation in an easy-to-understand way. The procedure is the same for both MT4 and MT5, so please refer to this for either. Go to the MQL5 menu \"Market\" page First, go to the market and find an EA you would like to use. From the free EA page, you can click on the icon that interests you to check the details. How to set search conditions When searching for an EA, you can also filter by specific conditions. You can set search conditions from the menu on the left side of the MQL5 Market. Scroll down to display the search menu. From the search conditions, check the ones that interest you or that you want. Recommended search criteria are \"4 stars (number of stars in reviews)\" and \"with reviews.\" Initially, it is safer to strictly adhere to these two conditions. <What is Martingale?> The Martingale method originates from a gambling strategy where, after a $1 loss, you double your bet to $2 to recover your losses and make a profit. If you lose on two positions, you enter with four positions next. A major advantage is that a single win can offset losses all at once. However, there is also the risk of losses escalating with consecutive losses. It is a well-known method in automated trading (EA), but it is high-risk and requires caution. <What is Grid?> The grid method is a standard automated trading strategy that repeats buying and selling within a fixed price range. For example, settings such as \"buy every time the USD/JPY rate drops by 0.2 yen\" and \"close when profit reaches 10 pips\" are possible. The grid method is a commonly used strategy in domestic FX and is also called repeat automated trading. Its strength lies in accumulating small profits. However, when the market moves in one direction, there is a risk of increased losses. <What is hedging?> Hedging is a technique to prepare for situations where the exchange rate moves against the direction of the order, and there are several types. A typical hedging method is holding both buy and sell positions. By holding both \"buy\" and \"sell\" positions, you can limit losses. In addition, there are various hedging methods depending on the strategy, such as holding positions in currency pairs that move in the opposite direction, or simultaneously holding gold, which has high stability. <What is a neural network?> A neural network is a type of machine learning, also known as deep learning, and refers to the learning ability of AI. While ordinary AI can only handle pre-programmed data, AI with a neural network has the ability to learn by accumulating experience. This refers to an EA model that learns with each trade. As described above, the EA that can be used effectively will vary depending on the market trends at the time, the currency pair, the time frame, the type of instrument, etc. Before running an EA, be sure to check its performance with a backtest. Check the details and download the EA Now, after browsing through numerous EAs and selecting a few favorites, you download the EAs and insert them into MT4 or MT5. Here, we'll look at how to install automated trading (EAs) into MT4 or MT5. (The method is the same for both MT4 and MT5.) First, open the details page of the EA you want to insert and click the \"Download button.\" Select \"I have MT5\" […]"}