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AI Expert Advisors: What the AI Does and Why Your Backtest Can't Show It

An AI expert advisor that asks an online AI gets no answer in the MT5 tester: 11 of 11 requests failed in our test. What each kind of AI EA can prove.

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The RoboXpert robot opens the side panel of a sleek white box with a glowing blue glass dome on top and finds only three plain silver gears inside. Headline: “Where is the AI?”

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Expert advisorsMT5

AI Expert Advisors: What the AI Does and Why Your Backtest Can't Show It

An AI expert advisor that asks an online AI gets no answer in the MT5 tester: 11 of 11 requests failed in our test. What each kind of AI EA can prove.

· 9 min read
Expert advisorsMT5

How Much Does a Forex Robot Cost? Expert Advisor Prices, Rent and Custom Builds

The median paid MT5 Expert Advisor among the first 700 on MQL5 cost $197.50 on 31 Oct 2026; renting a month cost 40% of that. Custom jobs offered $30–150.

· 9 min read
Trading Companies & Claims

Is AI Trading Legit? Check a Trading Bot Before You Pay or Deposit

Is AI trading legit? Ask who holds your money. The SEC alleges that in three 2026 cases, $27.6M went to the provider and no AI bot traded.

· 13 min read
Testing & evidenceMT5

Is Bitcoin More Volatile on Weekends? Six Years of Data, 2020–2026

Since mid-2022 a Saturday moved 1.6% from high to low in the median, a weekday 3.4–3.7%. Bitcoin weekend data by day, by hour and for the CME gap.

· 10 min read
Setup & VPSMT5

MT5 Server Time: Why Your EA Trades an Hour Early or Late

MT5 runs on your broker's server clock, not yours. On a UTC+0 server, gold's previous-day high or low differed on 49% of days. How to check yours.

· 11 min read
Testing & evidenceMT5

Previous Day High/Low Breakout on Gold: Ten Years Tested, With and Without a Rally

We tested the previous day high/low breakout on gold, 2016–2026, with costs. It lost in every flat gold year and earned mainly with buys in the rally.

· 9 min read
Trading Companies & ClaimsMT5

Prop Firm EA Rules: Which Bots Are Allowed and Where Today's Loss Limit Sits

FundedNext counts even risk tools as EAs from $50K. And the same 5% daily limit can sit at $97,000 or $99,750. Prop firm EA rules checked 31 Oct 2026.

· 10 min read
Testing & evidenceMT4 / MT5

MT4 vs MT5 Backtest: Which Strategy Tester Is More Accurate?

MT5 can backtest on a broker's real ticks with a changing spread; MT4 builds ticks from bars at one fixed spread. What that changes, and what 99% quality means.

· 19 min read
Expert advisorsMT4 / MT5

Is There a Consistently Profitable Forex EA? What It Takes

No forex EA is proven to profit in every month or market. Consistency needs an edge, a fixed account stop, a buffer and a risk setting you don't turn up.

· 10 min read
Build with AIMT5

MT5 MCP Server: Connect Claude Code to MetaTrader 5

We connected an AI agent to MetaTrader 5’s built-in MCP server: setup, the 67 tools it lists, a compile-and-backtest run and the fix for Macs.

· 14 min read
Testing & evidenceMT5

Best Gold EA? Benchmark It Against Buy-and-Hold and a Coin Flip

A coin-flip EA on XAUUSD made 18,393 USD on a 10,000 USD deposit in our backtest. Three benchmarks to run before you believe a gold EA result.

· 11 min read
Expert advisorsMT5

Free Expert Advisors for MT5: We Tested the 34 That Ship With MetaTrader

MetaTrader 5 installs 34 free Expert Advisors with source code. In our backtest with default inputs, 7 made a profit, 3 never traded and 1 lost everything.

· 13 min read
Expert advisorsMT4 / MT5

MQL5 Market: How to Read an EA Page Before You Buy

128 of 187 rated EAs on the first MQL5 Market pages had 4.5 stars or more on 7 October 2026; 96 had fewer than ten reviews. What each field proves.

· 13 min read
Testing & evidenceMT4 / MT5

FX Blue vs Myfxbook: What Each Verification Proves

FX Blue grades where the data came from: verified, semi-verified or unverified. Myfxbook checks history and account control separately. Neither names the EA.

· 13 min read
Testing & evidenceMT5

How to Read an MT5 Strategy Tester Report

We rebuilt 33 figures of a real MT5 Strategy Tester report from its deal list. All match: Gross Profit contains commission and the balance graph counts deals.

· 16 min read
Build with AIMT5

Claude vs GPT: Which AI Writes the Better MT5 Indicator?

Claude and GPT wrote the same MT5 indicator from one prompt. Both were right on the chart, both showed nothing in the Strategy Tester, both fixed it at once.

· 11 min read
Brokers & executionMT4 / MT5

How to Choose a Broker for Expert Advisors: 25 Checks Before You Open an Account

Choose a broker for an Expert Advisor by its contract, not its advert: 25 checks for EA terms, stops level, costs and servers, plus a read-only MT5 script.

· 12 min read
Testing & evidenceTradingView

Do Fair Value Gaps Work? A 23,899-Trade Backtest With Costs

Fair value gap backtest: 23,899 FVG retest events averaged +0.020R before and −0.240R after assumed costs. Rules, 12 datasets, controls and Python code.

· 10 min read
Expert advisorsMT5

EA Lot Size Explained: Fixed Lot, Risk Percent and Capital Needed

EA lot size in money: 0.10 lots with a 20-pip stop loses $20, 4% of $500 or 0.4% of $5,000. Fixed lot vs risk percent, margin and a calculator.

· 10 min read
Expert advisorsMT4 / MT5

MT4 vs MT5 for Expert Advisors: Which Platform Your EA Needs

An MT4 EA does not run in MT5: MT4 uses MQL4 and .ex4 files, MT5 uses MQL5 and .ex5. Compare account modes, tester and markets to pick the right platform.

· 8 min read
Expert advisorsMT5

MT5 Hedging vs Netting: See What Happens to Your Positions

MT5 netting keeps one position per symbol; hedging holds separate positions. Four hypothetical orders end as one 0.10-lot sell or four open positions.

· 7 min read
Expert advisorsMT5

Multiple EAs on One MT5 Account: Magic Numbers, Conflicts and Risk

MT5 can run multiple EAs on one account, one per chart. They share positions, equity and margin; a magic number is a label, not a lock. Test kit included.

· 8 min read
Testing & evidenceMT5 / TradingView

Trading Cost Sensitivity: How Much Cost Can a Strategy Survive?

Break-even trading costs for a backtest: in our 23,899-event sample, the mean reached zero at 7.7% of the assumed costs. Method, 12 datasets and code.

· 9 min read
TradingView & indicatorsTradingView

TradingView Alerts Not Working? A Tested Troubleshooting Guide

Find where a TradingView alert fails: signal, saved alert or notification. In our test, an existing alert kept its saved inputs after a chart change.

· 9 min read
Expert advisorsMT4 / MT5

What Is an Expert Advisor? How Forex Robots Actually Work

An Expert Advisor (EA), or forex robot, is a MetaTrader program that trades by programmed rules. One example rule shows why a signal is not yet a position.

· 13 min read
Testing & evidenceTradingView / MT4 / MT5

100% a Month With a Trading Indicator? A Reality Check

Can a trading indicator make you rich? One 100% month is not proof: repeated for a year, $1,000 would become $4,096,000. Seven questions before buying.

· 8 min read
Trading Companies & Claims

Cash FX Group: The CFTC Case and AI Trading Claims Explained

The CFTC alleges Cash FX Group raised over $950 million in a Ponzi scheme sold as forex trading. Dated timeline, what a payout proves and records to keep.

· 7 min read
Expert advisorsMT4 / MT5

Do Expert Advisors Really Work? What Results Can Prove

Expert Advisors work as automation, but that proves no edge. In our hypothetical model, 1,000 no-edge candidates yield an eight-win record 98% of the time.

· 11 min read
Trading Companies & ClaimsMT4 / MT5

FTMO Review: What Are You Really Paying For?

FTMO review: the fee buys a simulated evaluation, not the account balance. No refund on 1-Step, a conditional one on 2-Step. Cost calculator and EA rules.

· 9 min read
Setup & VPSMT5

How to Install an Expert Advisor in MT5 on Windows

Install an EA in MetaTrader 5 on Windows: copy the EX5 into MQL5/Experts, compile MQ5 source with F7 or use Market. Then check that it started.

· 9 min read
TradingView & indicatorsTradingView

TradingView Indicator vs Strategy: What Can Actually Trade?

A TradingView indicator shows signals; a strategy adds simulated orders. Neither sends Pine orders to a broker directly. Tested with two matched scripts.

· 10 min read
Trading Companies & Claims

Warrior Trading Review: Ross Cameron's Results, Costs and FTC Case

Warrior Trading review: Ross Cameron's “audit” covers his own accounts, not student results. Plus course costs and the 2022 FTC order ($3 million).

· 8 min read
Trading Companies & Claims

What Happened to IM Academy and IYOVIA? The FTC Case Explained

IM Academy (IYOVIA) is no longer in business, the FTC said in August 2026. A June 2026 court order bars the defendants from selling trading training.

· 6 min read
Build with AIMT5

Build an MT5 EA with AI: From Prompt to Backtest

One prompt, one MT5 Expert Advisor: we compiled the AI’s answer unchanged, backtested 646 trades and checked each one against the rule. Source included.

· 15 min read
Build with AITradingView

Create a TradingView Indicator with AI: Pine Script, Alerts and Checks

We built a TradingView indicator with AI in Pine Script v6 and checked it on a chart: a confirmed signal, a blocked signal and a logged realtime alert.

· 10 min read
TradingView & indicatorsTradingView

How to Check if a TradingView Indicator Repaints: A Practical Test

Check if a TradingView indicator repaints: compare the open bar, the closed bar and a reload. Our Pine v6 test shows a pivot marker drawn two bars back.

· 10 min read
Build with AIMT5

MT5 AI Assistant: Features, Permissions and Limits

Per MetaQuotes’ build 6230 notes, MT5’s built-in AI Assistant can prepare tests and launch EAs on charts. What to permit, plus a read-only check to run.

· 10 min read
Testing & evidenceMT4 / MT5

Equity Drawdown vs Balance Drawdown: EA Risk Explained

Equity drawdown includes open-position profit and loss; balance drawdown does not. Hypothetical example: equity falls 27.27% from its peak, balance 2.86%.

· 11 min read
Expert advisorsMT4 / MT5

Grid Trading vs Martingale: How Forex EAs Increase Risk

A grid spaces entries by price; martingale raises lots after losses. In our hypothetical EURUSD model, the doubling account loses 54.88% before a rebound.

· 14 min read
Testing & evidenceMT4 / MT5

How to Verify EA Results on Myfxbook

Myfxbook verification covers trade history and account control, not which EA made the trades. Seven checks, a dated account example and a free worksheet.

· 12 min read
Setup & VPSMT4 / MT5

MetaTrader VPS vs Windows VPS: Which Fits Your EA?

MetaTrader VPS hosts one trading account per rental and prohibits DLL calls. A Windows VPS gives you a full remote desktop. See which one your EA needs.

· 10 min read
Setup & VPSMT4 / MT5

MT4 and MT5 on Mac: Install MetaTrader, EAs and Indicators

MetaTrader 4 and 5 run on a Mac, including Apple Silicon, via MetaQuotes' Wine installers. With screenshots and tested folder paths for EAs and indicators.

· 13 min read
Setup & VPSMT5

MT5 EA Not Trading? Diagnose Permissions, Signals and Order Errors

Find where your MT5 EA stops before a trade: startup, trading permission, signal conditions or order response. With lab logs for codes 10027 and 10013.

· 11 min read
Testing & evidenceMT4 / MT5

Backtest vs Live Trading: What EA Results Really Show

A backtest is a simulation on past data; a live record is activity on a funded account. See why EA results differ and how to investigate a mismatch.

· 8 min read
Expert advisorsMT4 / MT5

How to Choose an Expert Advisor: MT4 & MT5 Checklist

Choosing an MT4 or MT5 expert advisor? Check trading logic, drawdown, verified results, broker compatibility and costs with our practical EA buying checklist.

· 13 min read