Top 3 Expert Advisors in MetaTrader 5
Traders who cannot dedicate a lot of time to trading choose automated trading as a better option. If so, Experts Advisor (EA) in MetaTrader 5 will come in very handy. EAs are also referred to as trading robots and they are very essential in automated trading. But Expert Advisors are not the Holy Grail of trading nor the effortless and quick way to make some money. Be it trading manually or through the use of EA, the success in trading still depends on how you manage your strategies and their profitability.
Several trading platforms like MT5 allow you to create your own expert advisor according to your trading strategy. But, if you want to skip the hassle and the algorithmic part, you can simply download the tool from a reliable source.
ZVER – The Moving Average Crossover Expert Advisor for MT5
This Expert Advisor is highly recommended if you are looking for a Moving Average Crossover EA for MT5. ZVER is the improvised version of EA that is based on the indicator found in MetaTrader 4. It can be customized to lock down the strategies in trading. When identifying a trading signal, ZVER uses three different Moving Averages with different periods. Other than that, additional indicators including Stochastic Oscillators and RSI are being used.
By analyzing the signals, a position is being opened and ZVER tracks the crossover through the use of the oscillator for a crossover of oversold and overbought levels. ZVER is known as a multi-currency expert advisor in MT5 which can be used on different currency pairs as well as when trading indices and stocks.
The Updated Version of Martingale Expert Advisor in MT5
Precipice MartIn, an expert advisor that runs even without indicators. What makes it stand out amidst the other martingale is that it used only one trading direction. For short, this trading robot needs to be adjusted according to the trend. It also works in different timeframes and is known as a multi currency expert advisor.
It is also worth mentioning that Martingale strategy makes the Precipice MartIn’s risk management totally aggressive. Although the risks are considerable here, the trader can take full control of it. This is also a very good indicator when expanding the deposit.
ILAN: The Expert Advisor That Lets You Make Money Even With Low Volatility
If you are into short-term trading, you must not skip ILAN Expert Advisor because this trading robot is specially made to make a profit out of small fluctuations in the market.
If you open a position through the ILAN, it will be closed according to your take-profit order. By the time the open position moves against your prediction, the order grid will open according to your trading strategy. Upon earning the anticipated gains, all the trades will be fixed. The algorithm responsible for the ILAN EA helps you achieve your winning trades no matter the direction of the price movement.
Knowing the different kinds of Expert Advisors in MetaTrader 5 allows you to have an idea of the one that you should use to promote a better trading experience.