How to Protect the EA?

1. Who Needs EA, Indicator, or Script Protection?
2. How to Protect the Expert Advisor Without Coding Skills?
3. How Does Forex Protector Software Work?
4. In Conclusion. What Should I Do?

Who Needs EA, Indicator, or Script Protection?

Automated trading moves so fast. Therefore, a lot of traders are in search of automatic trading software.

EAs, indicators, and scripts make traders’ lives easier. 

The indicator gives a signal when there is an unusual market condition that corresponds to the trading system. You no longer need to be stuck at the computer for hours to monitor the market. Enjoy your free time with family and friends.

The script performs super-fast trading actions. It saves deposit money. 

The EA automates trading processes. You just have to intervene when it is an emergency. So, put your feet up for a while. Moreover, trading robots allow testing and optimizing trading strategies. Trust us: You will work your fingers to the bone to perform all this in manual trading. 

That is why automated trading is conquering the market (and it captures our hearts). So, Expert Advisors perform most operations. 

Such a crazy demand gives rise to an equally frantic supply. The market is full of sellers who offer trading robots, indicators, and scripts working on MT4/MT5®. 

Creating a profitable EA is a programmer’s blood, sweat, and tears. The creation process consists of the following steps:

Step 1. Generate a trading idea

Analyze the market, try hundreds of different approaches, look for options, and follow the trends to develop an efficient algorithm for getting profits. Be prepared: You can fight tooth and nail to find the best trading idea. 

Step 2. Create a trading algorithm

To transform an idea into an excellent trading system, a coder “dusts” it with:

• An algorithm of market entry and exit
• Risk and money management rules

Voila! The best system is ready to use. 

Generate as simple and structured an algorithm as possible. Based on it, you can create the EA. 

Step 3. Code

At this stage, the developer converts the trading algorithm into a program code for MT4® or MT5®. Of course, if you have skills in IT, you can do it yourself. But it is better to put it on the professionals’ shoulders. 

After checking the code for compliance with the trading algorithm, proceed to the next stage. 

Step 4. Test

EAs can test different periods on various timeframes and instruments with diverse settings. Test a new trading robot. 

If preliminary testing showed poor results, optimize.

Step 5. Optimize

Perform an automated selection of profitable parameters for the EA. After optimization, check the trading robot for the forward period that has not been used for optimization. 

If trading is stable, use the EA on the live market.

Step 6. Trade on a demo account

Run an optimized EA and test your trading in the live market conditions. It will allow:

• Using current quotes
• Checking the trading stability during slippage, requotes, news releases, and trades to a new day or week

If the Expert Advisor has been trading stable on the demo account for several months, open a real account.

Step 7. Trade on the real account

It is the final EA checkpoint. Trading takes place on live quotes with all possible pitfalls. 

After several months of profitable trading, you can sell the trading robot.

It may take a year from the birth of an idea to a full-fledged EA creation. So, you can work all the hours that God sends to generate a profitable Expert Advisor.

It is crucial to protect such intellectual property since it is a time- and money-consuming process. Dishonest traders can steal or take advantage of your brainchild if it has no security. It is offensive if you want to your EAs. 

Protect your developments from unauthorized use! 

How to Protect the Expert Advisor Without Coding Skills?

You can order the EA creation from the IT company. Otherwise, you can select parameters for a freely available EA. It will take a lot of time: From testing to finding profitable EA parameters and checking the live market. 

“How to protect my brainchild?”

We have created Forex Protector Software securing your trading robots, indicators, and scripts functioning on MT4/MT5®. It allows you to protect your tools from:

• Illegal copying, distribution, and modification
• Exceeding licensing violations (time of use and the number of trading accounts)

Protect your intellectual property with the Forex Protector Software. Develop your business of selling EAs and indicators without losing your copyright and patience. 

How Does the Forex Protector Software Work?

Forex Protector Software performs different types of security:

• The Account MT ID protection. The EA functions only on a specific MT® account with an account ID. 
• The Demo time limit. You can set a trial for testing an Expert Advisor. The customer will make sure that the trading robot is working. Then he can purchase it after the demo version has expired.
• The Key Protection. Implement security by a unique key. The buyer can obtain it after payment. 

A user-friendly interface helps apply different types of security quickly. Place your EA in the appropriate folder and select the type of protection. The Forex Protector Software will generate the protected file for you. 

In Conclusion. What Should I Do? 

Creating high-quality software takes an ocean of time, money, and effort. So, it is crucial to foresee intellectual property protection.