What is EA Forex
EA Forex is a program designed to help traders automatically buy and sell in the Forex market. So which is better – using EA or manual trading?
EA Marketplace
A marketplace for selling and showcasing quality EAs carefully selected from developer groups. Traders can communicate closely with developers.
fxDreema Thai Manual
A No Code EA writing guide for creating EAs easily and quickly, perfect for those who don’t have time. This fxDreema user manual includes free EAs inside the book.
Knowledge Exchange Group
A Facebook group for friends who want to exchange knowledge about EA writing with fxDreema and other knowledge related to EA writing.
EA Forex Freemium
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EA Farming
Forex trading results using pure EA or Bot trading for 24-hour automatic money making. This is considered another path to passive income. The table below shows real-time updated trading statistics and you can click to view myfxbook directly.
| Rank | Name | Balance | Profit (%) | P/D Ratio |
|---|---|---|---|---|
| 🥇 1 | Divergence Pro | 687 | 45.39 | 4.98 |
| 🥈 2 | Twin Capital | 910.58 | 27.18 | 3.93 |
| 🥉 3 | HFT XAUUSD EA | 17238.7 | 51.82 | 1.50 |
| 4 | Japanese Trend | 967.98 | 35.12 | 1.48 |
| 5 | Wisdom EA Axi | 500 | 180.1 | 1.40 |
| 6 | Oil trading EA | 10831.2 | -43.59 | -0.92 |
How to install tick data on mt4/mt5
Forex and EA Trading Basics
Foreign Exchange Market (Forex or FX) is an exchange rate trading market that operates 24 hours a day with 2 non-trading days: Saturday and Sunday. The Forex market is the world’s most liquid market because everything requires currency for buying and selling, and it’s certain that cross-border trading involves exchange rates between currencies.
A Forex broker is a private company that takes buy-sell orders from traders and sends these orders to Liquidity Providers. This type of broker is called No Dealing Desk or NDD, while Dealing Desk or DD brokers take these trading orders for themselves without sending them to LPs. (Click to see 2023 broker rankings)
EA Forex is an automated trading system created to help increase profit opportunities and reduce trading fatigue. EAs are created by coding with mql4 language for use in MT4 and coding with mql5 for use in MT5.
Currently, we’ve seen software developers create new products like fxDreema to meet traders’ needs for creating EAs without having to write complex code. (Click to learn fxDreema for free)
Which EA forex provider is good is a question that can be viewed from multiple angles. Normally, we should have criteria for choosing EA services from that provider. In this case, we recommend simple selection methods as follows:
- Honesty in providing information, such as providing complete information that traders need to know
- Quality backtesting with good data, which should use 99.90% Tick data for MT4 and 100.0% Real tick for MT5
- Good after-sales service, such as post-sale consultation, fresh data updates, etc.
- Is the service website secure, trustworthy, and not cloned from others?
Virtual Private Server or VPS is a simulation of a private server, similar to having your own personal computer that can work 24 hours a day. For this reason, traders who use EAs for trading need to use good VPS to minimize errors. VPS selection has 9 consideration criteria. (Click to see how to choose VPS)
The best VPS hosting provider ultimately depends on the user’s needs and budget… So I recommend researching specs, prices, and customer reviews for each provider before making a decision. Our number 1 real recommendation is MT4Cloud (Click to buy VPS)
Copytrade is a system that allows investors to copy forex trading of other traders. Some brokers call Copytrade Social trading… In practice, Copytrade consists of 2 parties: Investor and Copy Master
Investors should consider Copy Master’s trading history for risk management, such as trading period, profit-loss, drawdown, capital, and trading strategy. (Click to see how to evaluate trading)
How to start being a Copy Master should begin with studying and contacting brokers directly. Importantly, you should have Myfxbook to build credibility with Investors.