Frequently asked questions

We build Expert Advisors (EAs) for MetaTrader 4 and 5: custom EAs from your own trading strategy, and our own AETHON range. We also publish free forex calculators and trading guides.

ForexBob was founded by Sukhwinder Singh, a forex trader and Expert Advisor developer based in Regina, Saskatchewan, Canada. You can read more on our About page.

A program that runs inside MetaTrader and places and manages trades automatically, following fixed rules: when to enter, where the stop loss and targets go, how much to trade and when to stay out.

You share your rules, we write them up as a specification and send a quote, then we build and test the EA and deliver it with its settings and a short guide. See custom EA development for the details.

It depends on how complex the strategy is. You get a quote and an estimated timeline with the specification, before any work starts.

No, and nobody honest can. An EA follows its rules exactly, but markets change. A backtest shows how rules would have traded in the past, not how they will trade in future. Read how to judge an Expert Advisor before you trust one.

Contact us with the EA you're interested in. We'll send the price and payment options and, once paid, a licence key for your MT5 account number.

No. We build software. You run our EAs on your own terminal or VPS, and we never ask for access to your trading account or take client money.

We send payment options with your quote or EA price.

Learn the basics first: our beginner's guide and YouTube channel are good places to start. Then choose a regulated broker (our broker guide explains what to check), practise on a demo account, and only then trade with money you can afford to lose.

Leverage lets you trade a position larger than your account balance. At 1:100, $1,000 controls a $100,000 position. It magnifies losses as well as gains. Many regulators cap retail leverage on major pairs at around 1:30, and lower leverage leaves more room for mistakes. Read more in leverage and margin explained.

It depends on the broker, often $50–$100 and sometimes less. To trade with sensible risk, we suggest starting with at least $500 and trading micro lots. Your deposit should always suit your own financial situation.

There is no fixed answer, and no one can promise a return. Results depend on the market, your risk management and your discipline. The market can move against you quickly, so only trade with money you can afford to lose.

Yes. Forex trading carries a high level of risk, especially with leverage. A stop loss on every trade and risking only a small share of your account per trade help manage that risk but cannot remove it. Use our position size calculator to keep each trade within your plan.

Any regulated broker you are comfortable with, with low spreads on the pairs you trade and automated trading allowed if you run an EA. Our broker guide lists what to check before you open an account.

Yes, by email at support@forexbob.com and on Telegram. We usually reply within a few hours.