Expert Advisors

An expert advisor can make your work easier or wipe out your account. Before buying or running any robot, check its claim and go through the checklist.

Robot Reality Check

Someone selling a «20% a month» robot?

If that claim were true, $1,000 would grow to about $708,802 after 3 years. Enter the seller's claim and see its realism score and red flags.

Robot claim check

Expert advisors at a glance

Three kinds of MetaTrader automation and how they differ

Trading Robot

Automated trading robot

It opens and closes trades by itself according to the rules the programmer wrote. The most risk and the boldest claims are in this category.

Trade Assistant

Assistant expert advisor

The trading decision is yours; the expert advisor calculates the size, sets the stop loss, moves the stop loss or closes at the target.

Script

It runs once and does one specific job, for example closing all trades or placing several orders at once.

Checklist for choosing an expert advisor

Tick every item that is true of your robot

0 of 8 items check out

High-risk

The real account's track record is verified on an independent site (such as Myfxbook)
The backtest was done with high-quality real tick data
It has been forward-tested for at least a few months on a demo or small account
The maximum drawdown is clear and matches your tolerance
Every trade has a stop loss
It does not use martingale or a grid without a stop loss
The seller does not ask for the account's master password
The robot's logic or strategy has been explained

Tick the important items. An expert advisor that lacks most of these is high-risk.

Red flags

If you see any of these, stop before paying anything

Sign	Why is it dangerous?
Martingale	Doubling the size after every loss; a smooth chart until the day the account hits zero.
Grid without a stop loss	Dozens of stepped orders with no exit; unlimited losses in a strong trend.
«Guaranteed profit»	No profit is guaranteed in the market; this phrase means selling, not trading.
Evidence is only screenshots	Screenshots and videos can be faked; ask for a verified track record.
Asking for the master password	To view an account the Investor password is enough; never give anyone your master password.
Forced to use the seller's link	If it only works through the seller's link, the seller probably earns from your trading volume.

Expert Advisor Library

Expert advisors, bots and scripts with descriptions, links and source code; from Teagle and Teagle Club members

Enter the library

Teagle does not sell robots

Teagle does not sell robots or expert advisors and does not endorse any robot. This section is educational; before running any expert advisor on a real account, try it on a demo account or with a small amount. Decisions and risk management are the trader's own.