XMTrading allows you to set up an automated FX trading tool (EA: Expert Advisor) for free on your MT4 account, but traders often go bankrupt even after it’s running, so we’ll explain it here. There are some traders who distribute EAs, so there seems to be a certain demand, but the reality is that the majority of traders go bankrupt and exit the market. And there are always unscrupulous traders selling overly expensive tools, so you shouldn’t even think about automated trading. In the end, you’ll only lose money.
- XMtrading
- XM Overview and Features
- Can I use automated trading (EA) on XM?
- Features of XM’s Automated Trading (EA)
- EAs can be used with both MT4 and MT5
- VPS suitable for 24/7 EA operation is available
- Compatible with high leverage and small-amount trading
- Zero-cut makes it less likely to incur debt.
- Easy Backtesting and Verification of EAs
- Compatibility with EAs Varies Significantly Depending on Account Type
- EAs that violate prohibited items are not allowed.
- Are there people who can profit using XM’s automated trading (EA)?
- Which XM account type is best suited for automated trading (EAs)?
- How to Choose an Automated Trading System (EA)
- What kinds of automated trading (EA) tools does XM offer?
- How to Set Up and Use Automated Trading (EA)
- Frequently Asked Questions
- Q1. Can I use automated trading (EA) with XM?
- Q2. Can I use XM’s EAs on my smartphone only?
- Q3. Which is better suited for EAs, MT4 or MT5?
- Q4. Can I use EAs for free?
- Q5. Where can I get EAs to use with XM?
- Q6. I installed the EA, but it’s not working. Why?
- Q7. Will I make a profit immediately after installing the EA?
- Q8. Is a VPS necessary for using EAs with XM?
- Q9. Is the VPS free?
- Related
XMtrading
| Operating company | Tradexfin Limited Fintrade Limited |
| Head office location | Unit E, F28, Eden Plaza, Eden Island, Republic of Seychelles |
| Founding year | 2009 |
| Financial License | （FSA）SD010：Tradexfin Mauritius Financial Services Commission (FSC：)：Fintrade Limited Cyprus Securities and Exchange Commission (CySEC)：Trading Point of Financial Instruments Ltd |
| Language support | English、日本語、Malay、Thai |
| Platform | MetaTrader 4 (MT4)／MetaTrader 5 (MT5) |
| Service Countries | Over 190 countries |
| Number of users | Over 1 million accounts |
| Max Leverage | 1000x |
| Eligible products | Forex、Metal、Stocks、Equity Indices / Index CFD、Energy CFD、Commodities、Cryptocurrency |
XM Overview and Features
XM (often referred to as XMTrading in Japan) is a leading overseas FX and CFD broker, popular with both beginners and advanced traders. Its key features can be summarized as “ease of use” and “high leverage and strong bonuses.”
XM Overview
XM allows trading of a wide range of instruments, including FX currency pairs, gold, crude oil, stock indices, stock CFDs, and cryptocurrency CFDs, all from a single trading account. The trading platform primarily supports MT4/MT5, designed for easy trading on both PCs and smartphones. For the Japanese market, an official app and member page are available for deposits, withdrawals, account management, and trading assistance.
High Maximum Leverage
One of XM’s major features is its high-leverage environment, making it easy to trade large amounts with small capital. This is a particularly attractive feature of overseas FX brokers, and high leverage settings are available for cryptocurrency CFDs depending on the instrument. While high leverage expands profit opportunities, it’s important to note that losses can also be significantly larger.
Zero-Cut System
XM is known for employing a zero-cut system, a feature often emphasized in overseas forex trading. This system is noteworthy because it helps avoid margin calls (being required to pay additional debt) even if your account balance goes negative during sudden market fluctuations. It’s particularly reassuring for those who engage in high-leverage trading.
Relatively Generous Bonuses
XM is well-known for its account opening bonuses and deposit bonuses. The “easy to start with increased margin” type of campaigns, rarely seen in domestic forex trading, is one of the reasons for XM’s popularity. For beginners, the ability to practice trading with small amounts is a significant advantage.
Multiple Account Types
XM offers multiple account types to suit different needs. For example:
Standard Account: Balanced, suitable for beginners to intermediate traders
Micro Account: Ideal for small-amount practice
Zero Account: Emphasizes low spreads
KIWAMI Extreme Account: Emphasizes trading costs
As you can see, it’s easy to choose an account based on your purpose, such as “I want to start with a small amount,” “I want to keep costs down,” or “I want to prioritize bonuses.”
MT4 / MT5 is available
XM supports the globally standard MetaTrader 4 / MetaTrader 5. It’s easy to use for those familiar with automated trading (EAs), indicators, and chart analysis, and even beginners can easily get started thanks to the abundance of learning resources. The smartphone app and member page guides are also relatively comprehensive.
Relatively comprehensive Japanese support
Among overseas forex brokers, XM has quite extensive Japanese support. The official information highlights a 24-hour weekday Japanese support system and comprehensive guides for Japanese users. Its ease of use, even for those who are not proficient in English, is a major advantage.
Can I use automated trading (EA) on XM?
Yes, you can use automated trading (EA) on XM.
XM allows automated trading (EAs).
The official XM Help Center also states that EAs (trading robots) are available for both MT4 and MT5. You can select and download the tool you want to invest in from the platform’s homepage. It’s also possible to use external tools without doing this. Once completed, trading is possible, but risks are involved. Monitor the situation in real time, including the timeframe and performance, before proceeding. While many excellent EAs exist, some have security issues.
Supported Environments
When running an EA on XM, the environment is primarily as follows: Partners can automatically trade immediately with just a click, utilizing the features of a wide range of instruments, including swap points and spreads, based on economic indicators and strategies. Of course, bonuses and campaigns are also available, so you can take advantage of them efficiently. The load is low, and once you understand the tricks, you can set it up to suit your style.
MT4
MT5
You can use an EA by placing the EA file in the platform and launching it.
The official XM website also provides instructions on how to add EA files to the MQL4/Experts or MQL5/Experts folder.
However, there are some points to note.
The fact that EAs are usable on XM does not mean that any trading strategy is safe or advantageous. The following points are particularly important to note:
First, backtesting and demo trading are recommended.
→ Jumping straight to a real account is risky. You can verify using the MT4/MT5 strategy tester.
MT4 EAs and MT5 EAs are not compatible.
→ Use MT4 EAs on MT4, and MT5 EAs on MT5.
Performance varies greatly depending on the EA’s logic.
→ Whether or not it’s a profitable EA is a separate issue.
Performance can be negatively affected by spread widening, slippage, and execution timing.
→ Scalping EAs are particularly susceptible to these effects.
Features of XM’s Automated Trading (EA)
Of course, the defining characteristic of XM’s automated trading (EA) is, in a nutshell:
“While there’s an environment that makes it easy to run EAs, it’s difficult to see their full potential unless you choose an account and usage method that’s suitable for EAs.” Unless you match the data and rates for each product category, you won’t be able to earn efficiently afterward. Decide on your approach before creating your EA.
EAs can be used with both MT4 and MT5
XM supports both MT4 and MT5, making it easy to choose the environment that suits the EA you want to use.
This is a significant feature, as many older, popular EAs are MT4-only, while many recent, high-performance EAs are designed for MT5. With XM, you can choose both.
Key Points
MT4: Many types of EAs available, suitable for long-standing, classic EAs
MT5: Stronger operation and verification functions, suitable for beginners
VPS suitable for 24/7 EA operation is available
Automated trading has the drawback of requiring the PC to be running continuously, but XM offers VPS (Virtual Server).
Using this, you can keep your EA running even when your home PC is turned off. XM’s official website states that it’s “ideal for EAs” and “24-hour online service.”
Free VPS Requirements (Based on Official Information)
Balance: Equivalent to $1,000 or more
Monthly Trading Volume: 5 standard lots round trip (or 500 micro lots round trip for micro accounts)
If the requirements are not met, the monthly fee is $28.
Who is a VPS suitable for EA operation?
Those who want to use scalping EAs
Those who want to run EAs while sleeping
Those who want to reduce the risk of communication interruptions or power outages
Compatible with high leverage and small-amount trading
XM offers high leverage and also has micro accounts, making it easy to try EAs with small lots and low capital. This is especially helpful for beginners, as it’s dangerous to suddenly run EAs with large amounts of capital.
Suitable Usage
First, check the behavior with small lots.
Try multiple EAs with small, diversified amounts.
Even with martingale/averaging-down EAs, test with strict money management.
However, high leverage can amplify EA malfunctions.
“Easy to start with small amounts” does not equal “safe.”
Zero-cut makes it less likely to incur debt.
One of XM’s major features is Negative Balance Protection (Zero-cut).
Even if the EA malfunctions due to sudden market changes, the fact that you are less likely to incur losses exceeding your account balance is reassuring.
This is especially important for EAs with volatile price movements, such as:
EAs that operate during economic indicators
Gold and cryptocurrency EAs
High-leverage EAs
However, this only makes it “less likely to incur debt,” not “less likely to incur debt,”
so the risk of losing all your capital still exists.
Easy Backtesting and Verification of EAs
XM’s MT4/MT5 allows you to backtest (historical verification) EAs.
XM’s guide actually explains how to save EA backtest reports.
This is quite important; for EAs,
whether they can be verified is more important than whether they work.
Items to look at:
Win Rate
Maximum Drawdown
PF (Profit Factor)
Consecutive Losses
Durability with Expected Lot Size
Many people who fail to choose an EA only look at the “win rate” and don’t look at the drawdown.
Compatibility with EAs Varies Significantly Depending on Account Type
While XM is suitable for EAs, it’s not equally advantageous for all account types.
Making a mistake here can significantly impact EA performance.
Rough Compatibility:
Standard Account
→ Highly versatile. Suitable for beginners.
→ However, the spread is not too narrow.
KIWAMI Extreme Account
→ Often compatible with scalping EAs and short-term EAs
→ A good option if low spreads are a priority.
Zero Account
→ A good option for ultra-short-term EAs
→ However, you must consider the fees when making your decision.
In other words, when using EAs with XM,
selecting an account is just as important as selecting an EA.
EAs that violate prohibited items are not allowed.
While EAs themselves are OK with XM, logic that violates the terms of service or prohibited items is not allowed.
XM’s guide also advises checking whether an EA violates prohibited items or terms of service before installation.
Particular attention should be paid to:
Illegal hedging using multiple accounts
Hedging with other companies’ accounts
EAs that abuse bonuses
Some arbitrage methods that exploit loopholes in the terms of service
These are some of the points to be aware of.
In fact, XM’s guidelines clearly state that hedging with multiple accounts or different brokers is prohibited.
Are there people who can profit using XM’s automated trading (EA)?
In short, yes, there are people who profit using XM’s automated trading (EA).
In conclusion, there are people who are profiting from XM’s automated trading (EA).
However, it’s not simply a matter of “installing an EA and you’ll win,” but rather, those who can manage their trading operations are more likely to succeed. Since sharp rises and falls can happen quickly, the ability to respond promptly via a browser or smartphone is essential. Depending on the financial product and its content, you can suffer significant losses even in the initial stages. Experience to profit appropriately is also essential.
People who don’t “believe in EAs,” but treat them as a “verification tool”
Successful traders view EAs not as a “magic automated profit machine,” but as a “tool that mechanically executes rules.”
In other words, they understand in advance:
What market conditions are strong?
What market conditions cause it to fail?
What is the maximum loss?
How many consecutive losses are possible?
Conversely, those who are prone to losing tend to choose EAs based solely on advertisements like “90% win rate” or “30% monthly profit with minimal effort.” Even XM-related explanations warn against exaggerated performance claims and fraudulent sales tactics.
People who can use small lot sizes
Surprisingly, people who consistently profit with EAs start with very small lot sizes.
Because the real danger of EAs is that
“They usually win, but one day they wipe everything out.”
The following types are particularly dangerous:
Martingale EAs
High-leverage EAs
Indicator-focused EAs for quick trades
These may appear to be profitable in the short term, but increasing the lot size can easily wipe out your account in a single collapse.
XM makes it easy to use high leverage and small amounts, but conversely, getting carried away and increasing the lot size can lead to accidents quickly.
Those who are successful are usually very cautious at the beginning.
People who don’t judge solely on backtesting
Successful traders look at backtesting.
However, they don’t trust backtesting alone.
This is because EAs are easily over-optimized (curve fitting).
For example,
Huge profits over the past 3 years
But suddenly malfunctioning in the last 3 months
It collapses when spreads and slippage are taken into account
This is quite common.
Therefore, those who are truly successful follow this sequence:
Backtesting
Forward testing (demo or small real)
Gradual transition to live lot size
This is the process they follow.
While it’s convenient to be able to test strategies using the MT4/MT5 strategy tester, that alone doesn’t guarantee success.
Those who can make the “decision to stop”
Those who succeed with EAs are better at “decisions to stop” than at starting.
This is extremely important.
Those who lose tend to leave their EAs running even when they malfunction, thinking:
“It’ll recover eventually”
“It’s probably just a temporary slump”
“It would be a waste to stop now”
But successful traders have stop rules in place beforehand, such as:
Stop at a monthly drawdown of ○%
Stop if the expected number of consecutive losses is exceeded
Stop when market conditions change
EAs are automated, but unless the operator’s judgment is also automated, they will ultimately be broken by emotions.
Which XM account type is best suited for automated trading (EAs)?
In short, the safest and easiest-to-use account for automated trading (EAs) at XM is the “KIWAMI Extreme Account.”
However, the optimal account varies depending on the type of EA. Therefore, the correct answer is to choose based on “what your EA prioritizes.” According to XM’s official and related guides, EAs are usable with both MT4 and MT5 accounts.
1st Place: KIWAMI Extreme Account
This is the most balanced account for EAs.
Suitable EAs:
Scalping EAs
Day Trading EAs
Short-to-Medium-Term Discretionary Trading Support EAs
Cost-Focused EAs
The reason is simple:
It has narrower spreads than the Standard account and fewer quirks in commission calculations compared to the Zero account.
According to XM’s account type guide, the KIWAMI Extreme account has a minimum spread of 0.6 pips, Standard/Micro accounts have a minimum spread of 1.0 pips, while the Zero account has extremely small spreads but incurs trading commissions.
In EAs,
Total cost is more important than the “apparent spread.”
In that respect, KIWAMI Extreme is quite easy to use.
2nd Place: Zero Account
A good candidate for ultra-short-term EAs and scalping EAs.
Suitable EAs:
Ultra-short-term EAs that aim to profit from a few pips
EAs with a high number of entries
High-speed trading EAs during London and New York hours
XM’s official website states that the Zero account has spreads starting from 0 pips, but a commission of $5 per 100,000 units of currency is charged. Furthermore, the maximum leverage is 500x.
This account is only suitable for
EAs that require a narrow cost even with the commission included.
However, there are some points to note.
While the Zero account may seem strong at first glance, in reality
When commissions are included, it may not be as advantageous as expected.
Depending on the EA’s logic, KIWAMI Extreme may have more stable performance.
The leverage is limited to 500x.
This is also a common issue.
3rd Place: Standard Account
Quite easy for beginners to try out EAs. Suitable EAs:
First-time EA users
Medium- to long-term EAs
EAs for testing
Trading strategies that utilize bonuses
According to XM’s official account information, the Standard account has a minimum deposit of $5, a minimum lot size of 0.01, and a maximum leverage of 1000x, making it easy to use.
The strength of the Standard account is that
“it’s easy to start with without breaking down.”
However, its weakness is also clear:
Short-term EAs are prone to losing money due to spreads.
4th Place: Micro Account
It’s quite excellent as a first “practice EA account.”
Suitable EAs:
Ultra-small-amount testing
Beginner testing
Checking the behavior of martingale-type EAs
Practicing lot size perception
According to XM’s official information, the Micro account uses 1 lot = 1,000 currency units, and the minimum trade size is 0.01 lots in MT4 / 0.1 lots in MT5.
This is quite convenient for EA trading.
This is because it makes it easy to observe the EA’s tendencies without significantly damaging real funds.
However, micro accounts are more of a “testing account to learn how things can go wrong” than a “live trading account for making money.”
In other words,
They are quite suitable for people who:
don’t want to jump straight into live trading
want to see if an EA is risky
want to learn how martingale and averaging down strategies can cause problems
How to Choose an Automated Trading System (EA)
The most important thing when choosing an automated trading system (EA) is not to choose an EA that “seems likely to win,” but to choose an EA that “is unlikely to fail.”
First, check the EA’s logic.
The first thing you absolutely must look at is how the EA is trying to win.
EAs with an ambiguous logic are quite dangerous.
Trend Following Type
Buy in an uptrend
Sell in a downtrend
Follows the major trend
Characteristics
Can yield large profits when successful
Often weak in range-bound markets
Counter-Trend Trading Type
Sell when the price rises too high
Buy when the price falls too low
Targets retracements
Characteristics
Win rates tend to appear high
Prone to collapse when the trend is strong
Scalping Type
Targets a few pips repeatedly
Targets many trades in a short time
Characteristics
Significantly affected by spreads and execution
XM requires careful account type selection Important
Averaging Down Type
Adds positions after losses
Shifts the average purchase price to aim for pullbacks
Characteristics
Looks like a lot of wins at first glance
But once it collapses, the destructive power is great
Martingale Type
Increases lot size after losses
The idea is to recover with the next win
Characteristics
Tends to have a high apparent win rate
But the risk of collapse is quite high
Recommended approach for beginners
If you’re choosing for the first time, relatively easy-to-handle options are:
Trend Following Type
Simple Counter-Trend Type
EA with a clear stop-loss
Conversely, things to avoid from the start are:
Strong Averaging Down
Strong Martingale
EAs where lot size automatically increases rapidly
Look at “Maximum Drawdown” rather than “Win Rate”
When choosing an EA, the win rate is what beginners are most easily fooled by.
For example,
Win Rate 90%
Monthly Profit 20%
Consistently Upward Performance
These numbers look attractive.
But choosing based solely on this is quite dangerous.
Be suspicious of EAs with “too-perfect” backtest results.
This is quite important.
If an EA’s performance is:
Almost perfectly linear upward trend
Almost no losses
Unusually small drawdown
Claims to be strong in any market
Then you should be a little suspicious.
What kinds of automated trading (EA) tools does XM offer?
When considering the “tools” used for automated trading (EA) with XM, it’s important to think not only about the EA itself, but also about the peripheral tools needed to run it.
There are mainly six types of tools actually used with XM.
EA Body (Expert Advisor)
This is the so-called automated trading robot itself.
The trading rules are programmed, and if the conditions are met, it automatically performs:
Entry
Exit
Stop-loss
Take-profit
Trailing stop
and so on.
With XM, EAs can be used on MT4/MT5. XM’s guidance also states that EAs (trading robots) can be used on the platform.
EA File Types
The file format of the EA you use differs depending on the environment.
MT4: .ex4 / .mq4
MT5: .ex5 / .mq5
This is quite important:
An MT4 EA will not work directly on MT5, and vice versa. In short, the first crucial decision point in choosing a tool is whether you need it for MT4 or MT5.
MetaTrader (MT4/MT5) Software
This is the trading software that forms the foundation for running EAs.
If you’re using EAs with XM, this is essentially your starting point.
XM offers the following:
MT4
MT5
MT4 and MT5 are also available on the XM official website for PC/Mac/Web/Mobile.
Rough Differences
MT4
→ Many older, popular EAs
→ Larger number of compatible EAs
MT5
→ Stronger backtesting and functionality
→ Strong choice for beginners
In other words, when using an EA tool with XM, you need to consider it as a set of:
“EA software” + “MT4/MT5 to run it on”
MQL5 Marketplace (Where to Get EAs)
MQL5 (MetaQuotes’ official community/marketplace) is a common source for EA users with XM.
MQL5 is also listed in XM’s trading tools catalog.
There’s quite a lot you can do here.
Search for EAs
Search for indicators
Obtain free/paid EAs
View performance and descriptions
Compare EAs by developer
In other words, rather than having an XM-specific EA store, it’s more like “bringing EAs usable with XM from MQL5, etc.”
However, an important note:
While there are many EAs on MQL5,
a large number doesn’t necessarily mean they’re good.
In fact, there are many voices in the community saying,
“Backtesting was good, but actual trading is a different story.”
Therefore, it’s safer to consider “available tools” and “winning tools” as separate things.
VPS (24/7 operating tool)
This is quite important.
EAs are automated trading tools, but they won’t work unless MT4/MT5 is running.
In other words, if you operate using only your home PC, you’ll encounter the following problems:
It stops when you turn off your PC.
It stops when the internet connection is lost.
It stops during Windows updates.
It stops during power outages.
This is where a VPS (Virtual Private Server) comes in.
XM officially provides VPS as a 24-hour online environment.
What you can do with a VPS:
Run your EA 24/7.
Continue operation even when you close your home PC.
Easier to improve execution stability.
Compatible with scalping EAs.
This is a operation tool that is just as important as the EA itself.
Indicators (Auxiliary Tools)
While not the EA itself, custom indicators are frequently used by those who operate EAs with XM.
Their roles include, for example:
Visualization of entry conditions
Assistance with trend determination
Volatility confirmation
Checking for use with discretionary trading
Confirming the EA’s logic
In short, it’s an auxiliary tool for visually confirming what the EA is looking at and how it’s operating.
Common examples include:
Moving Average indicators
RSI/MACD indicators
Bollinger Band indicators
ATR indicators
Session indicators
and so on.
Especially for beginners,
it’s less likely to cause problems if you visualize the inner workings of an EA using indicators rather than running it as a “black box.”
Backtesting/Strategy Tester
This is a verification tool to check the performance of an EA.
In fact, this tool is quite important if you’re using an EA with XM.
What it can do is:
Verify the EA on historical charts
Check win rate and profit/loss
Check maximum drawdown
Find the optimal settings
Check the compatibility of currency pairs and timeframes
In short,
it’s a tool to check beforehand whether “that EA is suitable for live trading.”
Many people who fail with EAs
go straight into live trading without using this tool much.
But actually, the opposite is true:
“Verifying” an EA is more important than “buying” one.
How to Set Up and Use Automated Trading (EA)
Of course.
Setting up and using XM’s automated trading (EA) may seem difficult at first, but in reality,
“Install the EA → Set it on the chart → Turn on automated trading”
This is the basic flow.
① Prepare an XM account
First, as a prerequisite, you need an XM trading account to run an EA.
And it’s important to choose an account that matches the type of EA you’re using.
Recommendations for beginners
Just to try it out → Micro account
Easy to use in real trading → KIWAMI account
Suitable for ultra-short-term EAs → Zero account
It’s safer to test the behavior of an EA with a small amount first, rather than running it with a large amount of money from the start.
② Install MT4 or MT5
Next, install XM’s MT4 or MT5 on your PC.
EAs are generally difficult to operate seriously using only a smartphone; setting them up on a PC is essential.
Which one to choose?
Many older or standard EAs are available → MT4
Starting with the future in mind → MT5
The important point here is:
MT4 EAs will not work on MT5
MT5 EAs will not work on MT4
In other words, you need to choose MT4/MT5 according to the EA.
③ Put the EA file into MT4/MT5
This is the “installation process”.
EA file extensions are usually as follows:
MT4 EA → .ex4 / .mq4
MT5 EA → .ex5 / .mq5
How to install an EA in MT4
Steps
Open MT4
From the top menu, select “File”
Select “Open Data Folder”
Open the “MQL4” folder
Open the “Experts” folder
Place the EA file inside
Return to MT4
Right-click “Expert Advisors” in the Navigator
Press “Refresh”
The EAs will now appear in the list. This is the procedure used in XM’s official guide.
How to Install an EA in MT5
Steps
Open MT5
From the top menu, select “File”
Select “Open Data Folder”
Open the “MQL5” folder
Open the “Experts” folder
Place the EA file inside
Return to MT5
Right-click on “Expert Advisors” in the Navigator
Press “Refresh”
This will reflect the changes in MT5.
④ Setting the EA on the Chart
Simply placing the EA file won’t make it work.
Next, you need to place the EA on an actual chart.
Steps
Open the chart for the currency pair you want to use
Examples: USDJPY, EURUSD, XAUUSD, etc.
Select the timeframe you want to use the EA on
Examples: M5, M15, H1, etc.
Drag and drop the EA displayed in the “Navigator” on the left
onto the chart
This will bring up the EA settings screen.
⑤ What to Do on the EA Settings Screen
Once you’ve placed the EA on the chart, the settings window will open.
The three main things to look at here are:
A. Checking the “Allow Automated Trading” Options
This is quite important.
In the EA settings screen, you may see options such as:
“Allow Automated Trading”
“Allow DLL Use”
Basic Rules
Allow Automated Trading → Usually ON
Use DLL → Only ON for trusted EAs
Especially regarding DLLs,
you should absolutely never easily allow them for suspicious EAs.
B. EA Parameter Settings
This is where the “character” of the EA is determined.
The item names differ depending on the EA, but these are common:
Lots → Lot Size
TakeProfit → Take Profit Range
StopLoss → Stop Loss Range
MagicNumber → EA Identification Number
Slippage → Allowable Slippage
TrailingStop → Trailing Stop
SpreadFilter → Spread Limit
MaxOrders → Maximum Orders
These four are the main things beginners should start with.
Items to adjust first:
Lots
StopLoss
TakeProfit
MaxOrders
C. Start with the minimum lot size
This is really important.
The most common mistake EA beginners make is
immediately increasing the lot size.
But in reality, start with:
Quite small for micro accounts
Near the minimum even for standard accounts
Prioritize “behavior confirmation” over “profit”
The correct approach is to use the first 1-2 weeks not to “win,” but to “see how it breaks down.”
This approach is less likely to lead to failure.
⑥ Turn on the “Auto Trading” button in MT4/MT5
If you forget this, the EA will not work at all.
What to do in both MT4 and MT5
Turn on the “Auto Trading”
“Algo Trading”
“AutoTrading”
button located at the top of the screen.
If this is OFF, even if you install the EA, it will only be on the chart and will not trade. Even in XM-related guides, the process involves activating the automated trading button after installing the EA (Expert Advisor) to start it up.
Frequently Asked Questions
This section summarizes frequently asked questions about XM’s automated trading (EA), focusing on points that beginners often stumble upon.
Q1. Can I use automated trading (EA) with XM?
Yes, you can.
EA operation is possible with both MT4 and MT5 on XM. Simply upload the EA file to the platform and enable automated trading to use it.
Q2. Can I use XM’s EAs on my smartphone only?
Full-scale operation is basically based on PC use.
While you can check your account and charts using the smartphone app,
EA installation, detailed settings, and stable operation are primarily done on the PC version of MT4/MT5.
In other words,
Setting up → PC
Monitoring → Smartphone is also possible
This is a more accurate description.
Q3. Which is better suited for EAs, MT4 or MT5?
Both can be used, but it depends on the EA you want to use.
Roughly speaking:
MT4 → Many older, popular, and standard EAs
MT5 → Newer EAs and strong verification features
However, the most important point is:
MT4 EAs will not work on MT5
MT5 EAs will not work on MT4
Therefore, it is safer to choose your EA first and then select the platform.
Q4. Can I use EAs for free?
Yes, there are free EAs.
EAs include:
Free EAs
Paid EAs
Self-made EAs
Distributed EAs
However, it’s important to note that:
Free does not equal danger / Paid does not equal excellence.
In reality, there are weak paid EAs, and
there are solid free EAs.
What’s important is not the price, but whether you can verify it.
Q5. Where can I get EAs to use with XM?
The main sources are as follows:
MQL5 Market
EA Sales Site
Developer Distribution Page
Community Distribution
However, be extremely cautious of EAs sold via SNS DMs, high-priced solicitations, and those claiming “guaranteed wins.”
Many people who fail in choosing an EA tend to buy based on the “advertising claims” rather than the performance data.
Q6. I installed the EA, but it’s not working. Why?
This is a very common question.
The cause is usually one of the following:
Common Causes
Automatic trading button is OFF
An MT4 EA is installed on MT5
Trading permission is OFF in the EA settings
Incorrect currency pair or timeframe
Insufficient margin
Spread conditions are being violated
DLL permission is required but OFF
The most common pattern is:
“The EA is installed, but automatic trading is not ON.”
Q7. Will I make a profit immediately after installing the EA?
No, it’s best not to expect too much.
EAs are convenient, but
Automated trading ≠ Automatically winning
Whether you win or not depends greatly on:
The EA’s logic
Market environment
Spread
Lot size settings
Stopping decisions
Even XM’s explanations clearly state that while profits are possible with automated trading, it’s not easy.
Q8. Is a VPS necessary for using EAs with XM?
If you’re serious about it, it’s highly recommended.
Without a VPS, the EA may stop due to:
PC shutdown
Sleep mode
Internet connection interruption
Windows updates
On the other hand, a VPS makes 24/7 stable operation easier,
making it particularly well-suited for scalping EAs, nighttime EAs, and hands-off trading. XM also offers VPS services.
Q9. Is the VPS free?
It may be free if certain conditions are met.
However, free conditions change depending on the time of year and other factors,
so it’s always safer to check the latest conditions on XM’s official website.
A reasonable approach would be:
First, test on your home PC.
Then migrate to a VPS for full-scale operation.
This sequence is perfectly acceptable.
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