Have you ever considered a managed account while you gather experience from following?

eventually all EA will drain your account; Don't overtrade> how?>>demo account. You must also learn how to read charts; from m5 to d1; 100/ 200 moving average, fibonacci, trendlines, watch for repeat patterns.

Personally if you are looking to autotrade, you need to understand how the strategy tester works on MT4 and what the pitfalls are. For example it only takes the spread at the point you run the test and doesn't take in to account what the spread could be at other points in the trade. This is often exploited by EA sellers to generate backtests that look good on an EA that is poor. Also, ensure that the backtests for the EA cover as wide a period as possible. It should ideally cover the entire period of history available, also you might want to look into getting hold of some tick data in order to get 99% accuracy on your backtests.
Hope this helps.
Best regards Steve

If youre looking autotrade, i would like to suggest to try zulutrade.
its very unique system that you just select the signal provider and it will trade automatically.

you no need to backtest at metatrader and you no need to have VPS for your robot. its very simple and profitable

Rgds,

Agree with you prof.. With be selective and running in demo before go live, But sorry i dont agree for backtest on mt4, its very easy to maniputated by program. We must see performance by fowardtest, see the stability of profit, dd, etc,etc. and the most importance one is money management. I try so many ea and many of them is scam, their back test is manipulated already very different with their forward test, even they claim 99% accuration back test.