About SYSTEMTRADE.COM

We are a marketplace dedicated to forex automated trading (EAs), offering more than 200 EAs for MT4 and MT5 free of charge.

We also provide a backtest analyzer, published forward test results and comparisons of offshore forex brokers. Our aim is to give traders who do not know which EA to choose a place where they can look at the data and decide for themselves.

Three principles of our editorial policy

Criteria for listing and rating EAs

EAs must pass a review before they are listed. After a vendor submits an application, we check the following.

• Whether the backtest period is long enough (to rule out short-term curve fitting)
• Whether drawdown and risk-reward ratio are within a practical range
• Whether there are signs of over-optimisation

Monitoring continues after a listing is approved. If forward test results diverge significantly from the backtest, we review the listing.

Rankings and listing order are decided by performance data alone. No advertising fee or partnership moves a position. Broker comparisons are likewise judged on objective measures such as spreads, execution quality and regulatory status.

How our content is produced

Writing and editing are handled by people with hands-on forex trading experience. Some team members can write EAs in MQL4/MQL5, so listed EAs are inspected at code level. Everything passes a review by the editor in charge before publication.

The figures shown on individual EA pages — profit and loss, drawdown, number of trades and so on — are collected automatically by our system and then checked by a person as well.

Our content production process

1. 1
   ResearchGather official sources, regulator information and real trading data
2. 2
   Planning and outlineDesign the angle and structure around what the reader actually needs
3. 3
   WritingDraft the article using primary sources and first-hand trading experience
4. 4
   Fact-checking and editorial reviewCheck figures, sources and wording; the editor in charge reviews the result
5. 5
   PublicationPublish once all checks are complete
6. 6
   Monitoring and updatesEA pages update their data automatically; guide articles are rewritten whenever conditions change

References and legal checks

To keep our information accurate, we consult the following public bodies and official sources.

Public bodies and sources we consult

• Financial Services Agency of Japan (FSA)
• Consumer Affairs Agency of Japan
• National Consumer Affairs Center of Japan
• Kanto Local Finance Bureau, Ministry of Finance
• Financial Futures Association of Japan (FFAJ)
• Japan Securities Dealers Association (JSDA)
• MetaQuotes official documentation (MT4/MT5)

Financial licensing authorities we consult for broker information

• FCA (UK Financial Conduct Authority)
• ASIC (Australian Securities and Investments Commission)
• CySEC (Cyprus Securities and Exchange Commission)
• FSA (Financial Services Authority, Seychelles)
• VFSC (Vanuatu Financial Services Commission)

Updates and corrections

Forward test data updates automatically each time a trade occurs. Broker comparisons and guide articles are updated as soon as conditions change.

Publication and update dates are shown on the page. When an article is substantially revised, we leave a change log inside it.

If you spot a mistake, please tell us through the contact form. Comments such as “this figure looks wrong” or “this information seems out of date” are very welcome. We will check and correct it promptly.

Disclaimer

Forex trading involves risk. With leveraged trading, losses may exceed your invested capital.

Past performance of the EAs offered on this site (backtests and forward tests) does not guarantee future results. Please make investment decisions at your own responsibility.

For details, please see our Terms of Service and Privacy Policy.