With the increase in popularity of automated trading systems there are a lot of people searching for free expert advisors. It’s understandable that people would want to save money, but consider how little money you are actually saving and how much it may be costing you to save that money.
With an expert advisor you will be depending on it to manage your money for you. When it comes to something that will be managing your own hard earned money and potentially making you thousands of dollars or more the price you pay for that expert advisor is minimal.
You may be able to find a free or even a cracked version of an EA and you can back test it but back testing isn’t always reliable. Especially with short term trading. The only way to get accurate results is with live trading, which takes time. By the time you find and test a bunch of free EA’s you could have spent less than $150 and bought an EA with a proven and well documented track record, tested it and have it making thousands of dollars for you.
You may be able to find cracked versions of the proven EA’s but they will probably be older versions and you won’t get updates. If MetaTrader updates their platform and your crack no longer works you will be out of luck. By the time you find an updated crack the paid version could have made you many times it’s purchased price. Or if the programmers fine tune the EA so it makes more proffits you get to miss out on that. Not to mention pirated software is not legal and you are easily traceable through your forex account.
If you are ready to stop tripping over pennies on your way to dollars you will probably be much better off buying a proven well documented EA than you will be spinning your wheels looking for something free.