MetaTrader 4 is one of the leading Forex trading platforms around the world. Used by millions of traders, MT4 was released back in 2005. Since then, it has forever changed the way people view Forex trading and trading platforms.
One of the biggest advantages of using MetaTrader 4 is that it comes with very high-quality Expert Advisors. In Forex trading, Expert Advisors are also known as EAs, and they are pieces of software that give traders the ability to trade currency pairs with the help of trading automation.
There are numerous EAs available for MetaTrader 4, and you can even create one of your own. Finding the best expert advisor for MetaTrader 4 depends on several factors. First of all, you should understand your personal needs in the market and try to look for an Expert Advisor that has a proven history of being successful with the trading strategy you are planning to use.
If you can’t seem to find yourself a trading Expert Advisor that fits your needs, MetaTrader 4 enables you to create EA that is tailored according to your personal trading preferences. However, keep in mind that it is not an easy thing to create your own Expert Advisor as it takes some coding skills.
However, because MetaTrader 4 has been around for such a long time, it is very likely that you will manage to find the best Expert Advisor for MetaTrader platform that fits your trading needs and strategy.
Below, we are going to talk about the best EAs available for MetaTrader 4. So, follow our detailed guide and find the Expert Advisor that works best for you.
The approach uses hard stop loss and dynamic take profit levels, without grid, hedging, arbitrage, or martingale mechanics. Based on backtesting and live performance, to reach an impressive profit factor of three, the EA looks at M30 timeframe, averaging a win rate of 74% and 7 points per trade profit (average loss is 7 points). Average trade length is one minute.
The news are automatically downloaded from reputable online resources. Moreover, there are several other filters, such as the “news impact”. This EA looks at 15M timeframe and uses dynamic stop loss and take profit levels without relying on grid, hedging, arbitrage, or martingale mechanics.
You can expect an up to three trades per day, a win rate of 90%, average win of 8 points (average loss of 12 points) and an average trade length of 22 seconds.
The EA uses a recovery function on the NEXT trade, that will increase the trade size x2 after loss for X levels, however user has option to set or disable this feature.
This being said, we consider Ares EA a relatively conservative robot that does not rely on arbitrage, hiding or martingale (Grids).
If you are looking for DAX30/40 and US30 automated trading solutions, this is breakout EA offers a solid performance with relying on grid trading (martin gale) and operating within strict confides of floating stop losses and take profits.
The EA is trading only EUR/USD pair and is based on the grid trading method with custom caveats to ensure resistance to drawdowns without sacrificing too much profitability. Hence, because using the EA is very simple, you just order it and let the developers install in on the VPS. Taking into account the historical performance since January 2021, Athena EA shows that it’s one of the most consistent MetaTrader 4 EAs on the market.
Via rental, the solution is available via an MT4 trading platform and requires as little as a $50 initial deposit (equity under $4,000 can only be traded via “cent account”), and as low as $0 for managed accounts (you pay via profit share starting at 20% of the monthly profit). The rental version of the EA comes with free VPS and 24/5 customer support, so you don’t have to risk the performance by mismanaging some of the EA.
It is available on MetaTrader 4 trading platform and is used by many traders around the world. Zeus EA has been named as the best Forex EA for MT4 by numerous companies and customers (forex peace army reviews) around the world and is verified by MyFXBook.
Using this EA is very simple. All you have to do is to download and install the EA, fund your account and let the EA do all the work for you. This trading EA has been around since 2019 and is a fully automated trading expert advisor with consistent returns and solid feedback across the trading community.
It is very fast, with complex monitoring and high-quality performance. This Expert Advisor is capable of providing traders with passive income by fully automating the Forex trading market.
Created by Nenad Kerkez and Chris Svorcik, this MT4 EA is only capable of EUR/USD trading. There are several different options of subscription with this Forex trading EA.
You can rent Zeus EA with yearly access for as low as 299 Euros. The sponsored access is able to provide stable and impressive average monthly returns in the best for capital between €2,500 and €7,500.
Because of the relatively high yearly targets, reporting, and onboarding services and price, many see Zeus EA as the top Forex expert advisor for MetaTrader 4. Before being released, the trading EA was heavily backtested to make sure it worked in numerous market conditions.
More daily insights on the Zeus EA and other automated solutions are available via an official ECS Telegram channel.
Ultima EA is another very popular advisor in the market. Created by the same company that established Zeus EA, Elite CurrenSea, Ultima EA is known as one of the leaders among available Forex trading EAs.
Ultima EA is a fully automated and verified Expert Advisor, which offers traders zero hassle and steady returns. Created by Mislav Nikolic and Chris Svorcik, this trading EA is being used by a lot of people on a daily basis.
This fully automated trading robot has been live since 2019 and it has managed to become one of the top MT4 Expert Advisors available in the market. The medium-risk per the setup of the trading EA is as little as 3 percent. This award-winning trading Expert Advisor went through tremendous, unbiased backtesting, by adhering to global standards of 99.9% modeling accuracy and real variable spreads.
The Ultima Expert Advisor is a fully automated MetaTrader 4 trading system and is based on a trending strategy and takes care of the whole process of Forex trading. This includes entries, exits, and trade management. The trading EA has a very strict adherence to TP and SL ensuring maximum safety.
If you want to use EA on MetaTrader 4, Ultima EA is truly one of the best options. There are several different subscription/rental options of Ultima EA. The first one is to bundle yearly, which offers you three trading EAs, Ultima, Ultima Pro, and Rush for €1,899 a year.
Then, there is a 12 Bundle Sponsored rental option, which also gives you access to three trading EAs and costs €1,449 a year. You can also rent the EA and pay on a monthly basis, which will cost you €199 a month.
Calypso EA is one of the trading Expert Advisors that have been around for a long time now. The trading advisor is very popular around the world, mainly because of its successful performance and history. Created by professional traders, there are numerous versions of Calypso EA available in the market. While you can still buy this trading EA, there also are free versions available online.
There are many advantages that Calypso EA has, one of the biggest being the fact that it is very easily customizable.
The trading robot comes with default settings, which have been very heavily backtested, however, it should be noted that the default setting might not work well for everyone. Because of this, many traders are configuring Calipsy EA according to their personal trading preferences.
Around the world, numerous Forex MT4 Expert Advisor reviews have indicated Calypso EA to be one of the leading Expert Advisors in the market. One of the main reasons for this is that this trading EA is fully tailored to the needs of Forex traders and can be very useful for both, beginner and experienced Forex traders in the market.
The recommended size for a deposit with this trading advisor is $1,000, and the timeframe is H1. There are numerous versions of Calypso EA available in the market – at least 4. You are also able to change the settings to meet your personal needs. This makes one of the best Expert Advisors for MetaTrader 4.
DayProfitSE is one of the best-known and profitable Forex trading Expert Advisors available in the market. Created in Russia, this Expert Advisor has become very popular all around the world.
The DayProfit SE is a trading Expert Advisor that offers traders the ability to customize the trading settings according to their personal needs in the Forex trading market. The trading EA comes with default settings that were created for GBP/USD trading.
Whenever you go to your profile in the terminal and add the EA, these settings will be automatically applied. You can either leave all the settings unchanged or change them according to your preferences.
Because of the long and successful history of DayProfit ES, this EA is known as one of the best Expert Advisors for MetaTrader 4 around the world. There are a lot of people who are very actively using this EA every single day.
The company that created DayProfit SE has tested this strategy and Expert Advisor really well. By backtesting the trading EA in numerous different market settings, the company was able to create a trading EA that is able to provide profits for traders.
The company also offers very detailed, step-by-step instructions for installing and configuring the Expert Advisor to make sure that you do everything correctly. The recommended initial deposit for using this trading EA is $1000.
While all of these four Expert Advisors that we have discussed today are really good, not all of them can work for every trader. Remember that the best free expert advisor for MT4 and for you is the one that fits your personal trading needs the best.
Many traders in the market believe that the most profitable MT4 EA Forex robot in the market is Zeus EA. Created in 2019, this Expert Advisor has been backtested really well. There are a lot of people who are using this trading Expert Advisor and most of them report really good profits.
The company behind Zeus EA is Elite CurrenSea, and it has been reported that the Expert Advisor is capable of providing traders with profits of 5-15 percent each month. There are many other EAs created by Elite CurrenSea, and all of them are some of the best Expert Advisors for MT4.
Yes, Forex trading Expert Advisors really work. In fact, our expert advisor review for MT4 shows that some of the EAs available in the market are capable of providing traders very high returns. The top MT4 EAs in the Forex trading market is capable of analyzing the market as well as trading currency pairs for traders, which makes them very helpful. You can download MT4 EA very easily and install it on your platform in just a few minutes.