Basically, an Expert Advisor is a solution for the lazy trader, simple as that. If you're lazy then you want to put most of the boring tasks in your life on autopilot, and that is exactly what the best MetaTrader 4 expert advisors are meant to do.

Without an EA, you would have a much harder time trying to find the time to be with your friends, family, kids, go barbecue, develop your hobbies and all the other things in life that you actually enjoy doing.

A Forex Expert Advisor does the hard work for you and tells you exactly where to enter in a trade and exactly where to exit or does it all for you. You could easily spend 10 minutes a day or so with your Forex trading, and still rake in the dough.

So simply put, and Expert Advisor will allow you to stay on top both in the Forex Market, and in your life. Can you imagine those traders sitting there by themselves 24/5 trying to track down everything in the forex market, all the events going on, and then missing 90% of them, and losing money?

Instead of just buying a good tool for like $100 - $150 which can do that for them. And no, don't go for the ones costing up to $10,000, as they are not worth it, we can tell you that.

So are you ready to put your forex trading on autopilot?

In fact, we believe that out of 100 Expert Advisor sellers out there, 95% of them do not really know what they are doing. Many are selling freely available Expert Advisor, repackaging them and then selling them as their own. They give them fancy names and write about the fantastic profits that you can get with the Expert Advisor. Just run it and the profits will just start flowing in, as some of them say.

How can you identify them? Easy! Look for an email, phone and/or address contact on their website. If you can't find any, 99% it's a scam. All they want you to do is to order their stuff and make payment. Last thing they want is for their customers to call them up or email them with product queries or technical issues.

Another tell tale sign is that all their performance results are based on back tests statements or reports. There are many freely available Expert Advisors that can produce amazing back test reports, but most of them fail badly when traded live. Why? Because all back tests are done with a certain amount of modelling. What that means is that since the tests are done on historical data, there's is no way to simulate tick by tick price action. The best data out there is likely to be the High-Low-Open-Close of the 1 minute charts. Whatever happens during that Minute is not recorded.

Because of that, simulations using hostorical data carries some form of inaccuracy. And since it's back testing, the paramaters can always be tweeked to get the best possible performance, all based on historical data that is not representative of how the actual market moves. You will really need tick by tick price data to really make the back testing reliable.

How many go through the pains of doing that with back tests? We can safely say NONE! However, that does not mean that the Expert Advisor sellers are cornered. They can still forward test their Expert Advisors, running them on live market data! Yes, this is as close as you can get to trading live with the Expert Advisor.

Forward test statements can tell a lot about the Expert Advisor. However, static statements can be doctored to show just the good trades and can also be altered to make it look better. So just having forward test statements is still non sufficient.

So, what's the best thing we can do? Look for live forward test statements, and to see the actual trading history. There's no way to hide anything this way.

So, if you have found an Expert Advisor advertised on the web that you are interested to buy, just pause for a moment and go through the points that we have mentioned above. We are sure the information that we have shared with you will help you give the Expert Advisor a fair evaluation before parting with your hard earned money. Spending the $50 - $1300 on an Expert Advisor is fine, but using it to trade with real money without first forward testing it is just being irresponsible.