This site provides a platform to distribute free EAs (Expert Advisors).
The free EA executes trades fully automatically on MT5 and MT4, offering endless possibilities in the Forex market.
Please refer to the list of downloadable free EAs on the top page.
Why do we distribute free EA?
The reason is as follows.
- Provide trading based on the laws of probability
- Provide highly transparent and reliable EA
Let’s explain in detail below.
Providing probability-based trading with Free EA
Trading is a fight against “probability”.
By repeating high-probability trading techniques, you can accumulate profits.
However, there are many Forex trading seminars and educational materials that have no basis and do not disclose trading results.
There is nothing to be gained from these seminars and teaching materials.
This is because most of these have no proven results.
On the other hand, system trading using an EA involves backtesting and forward testing. Therefore, it has been proven how it performs in past market prices and real-time market prices.
▼FREE EA Backtest Result Example
Of course, even if a stock shows good results in backtests or forward tests, it does not necessarily mean that it will show good results in future market prices.
However, there is no doubt that system trading is rational in that it executes trades according to certain rules and the results can be confirmed.
However, system trading involves costs such as the purchase price of an EA, so it is not easy to get started.
We hope that this site, which publishes and distributes EAs for free, will become an entry point for probability-based trading.
Don’t waste your money and time on unproven Forex trading coaching and seminars.
System trading is rational, but there is no holy grail.
You will notice this by practicing system trading using EA.
There is no trading logic called the holy grail.
Every trading method has advantages and disadvantages.
Even systems that can make large profits in temporary market conditions can result in losses depending on market conditions.
If you practice system trading, you will understand this clearly.
For example, martingale and grid trading EAs accumulate profits in range markets, but if a big trend occurs, they incur losses.
On the other hand, EAs that operate on trend following and breakout strategies generate profits when there is a large trend market, but continue to suffer losses when market volatility is low.
With system trading, you will also realize how randomly the market moves and how difficult it is to make a profit from trading.
It’s up to you to realize this and still survive in the trading world, or to quit trading altogether.
At the very least, it is better to use a free EA and realize this, rather than paying an expensive seminar or coach fee or purchasing an expensive EA.
If you are looking forward to Forex trading, please try our free EA.
You will gain a deeper understanding of the market and trading.
Free EA is more transparent and reliable
Why are free EAs so transparent and reliable?
The reason for this will be explained below.
Problems with paid EAs
When selling an EA for a fee, once the developer sells the EA, their job is over.
It is not important to the developer whether the user uses the EA to earn trading profits or not.
In the case of paid sales, developers will focus on developing EAs that sell, rather than EAs that generate trading income.
As a result, a large number of fraudulent EAs are being sold.
Sellers can attract traders by over-advertising or showing only over-optimized (curve-fitting) backtest results.
It is really easy to curve fit the EA to past market prices. A curve-fitted EA draws a very beautiful profit curve in backtesting.
If a trader buys an EA that is overly curve-fitted, the trader will incur a loss.
In addition to the high purchase price of the EA, you will also incur losses in trading, which will cause significant damage.
With paid sales EAs, what happens after the sale is not important to the seller, so the profits that users receive from trading tend to be ignored.
To determine whether an EA can actually make a profit, you must check both backtests and forward tests.
▼Forward test balance transition
It is of course out of the question that the backtest results are bad. However, you should not get your hopes up based on backtest results alone.
Also, you should not expect much from EAs whose forward test results have not been made public.
What are the benefits of free EA providers?
We operate a platform where you can download EA for free.
The interests of free EA providers and users who are traders are aligned.
This site specifies brokers where free EA can be used.
The broker we work with is “HF Market“, one of the most reliable and premium brokers in the world.
You can use this broker with confidence.
We receive a small IB fee from the broker out of the spread and commission generated on the MT4/MT5 account where the EA runs.
This does not mean that traders lose money.
This is because there is no difference in the spread or commission charged for trading even if it is an IB account.
For example, let’s say the broker’s trading fee is 5 USD per standard lot.
In the case of an IB-linked account, for example, out of the 5 USD, 2 USD will be paid to the introducer as an IB reward, and the remaining 3 USD will be the broker’s profit.
For accounts without IB, the full amount of 5 USD becomes the broker’s profit.
In this way, whether it is an IB account or not, the commission paid by the trader is constant and there is no loss for the trader.
Our commission is paid by the broker, not by the user of the free EA.
In other words, there are no disadvantages for traders other than the fact that only the specified broker can be used.
Trader’s profit = Free EA provider’s profit
The most important thing is that the providers of the free EAs on this site will not receive any commission unless they develop EAs that generate stable profits in live accounts.
If the actual performance of the EA is poor and the user stops operating the EA, the EA provider will not receive anything.
Developing a curve-fitted EA that only generates profits from backtesting provides no benefit to the free EA provider.
Free EA providers focus on creating EAs that make money on live accounts.
In order to develop an EA that generates profits with live accounts, we conduct backtests under the strict conditions assumed for real accounts, and also conduct forward tests.
Structurally, free EA has more expectations than paid EA.