MT4 Forex Trading Robots
An inexperienced newcomer has always a concern to find that already bought Forex trading robots won't work for him. This concern pursues all the traders in our computer epoch. Also do not forget that it takes the burden of responsibility for making Forex trading decisions because it falls squarely on Forex trading robots. And this is what wears out the nerves of any new Forex trader.
What is EA?
EA or Expert Advisor - is a program or more precisely a tool which is capable of performing in the Forex trading platform (mostly MetaTrader 4) any action on the instructions of a trader, without directing his participation. All received by such program trading tasks will be done automatically so advisors are called experts or sometimes as mechanical trading system (MTS). Simply put any of such EA tools into your Forex trading robots - the broker's trading application - without any intervention by a trader. You set the lucrative trade advisor in the existing terminal, which is connected to the server broker, doing all the settings, after which the advisor starts to trade on programmed into it strategy.
Benefits of using EA
From a psychological point of view an expert advisor is the only irreplaceable thing. A trader is reduced to decision-making responsibility, and the trade itself is becoming less stressful. Trader does not necessarily have to know profound technical and fundamental analysis, since all calculations are already built into the program. Besides EA tool is able to handle the trading signals even with the absence of a trader in the workplace.
Writing an EA on your own
Advisors of MetaTrader 4 Forex trading robots are written in a programming language MQL4. This language was developed by the manufacturer of this trading platform specifically for writing expert advisors tools. It allows without any difficulty to program the trading system that will trade in the online mode clock. Programmers who are familiar with this language, this cannot be easier. For ordinary users this will be a more difficult task.
Indicators of expert advisors tools
For more effective work of advisers, you can create your own technical indicators. They are an excellent complement to the existing indicators in the terminal MetaTrader 4. The purpose of the use of indicators in advisers - to implement the analytic functions and to generate trading signals.
Built-in expert advisors of MT4 Forex trading robots
The trading terminal and Forex trading robots of MetaTrader 4 have several built-in Expert advisors. It has a function independent of the trading system and the possibility of sound trading signal. They are very popular among beginners and designed specifically to demonstrate the ability to MetaTrader 4 Forex trading robots.
The possibilities for creating your own expert advisor within MetaTrader 4 Forex trading robots are simply astonishing. A custom Forex trading EA can display a variety of warrants at a price and time, automatically open the counter orders, and more. That is, these programs are able to replace the trader at his workplace.
Expert advisors testing
The trading terminal can not only write advisers, but also test them on historical data prior to application, which is another unique feature of the use of advisers. This function is very useful because it provides the opportunity to test the ability and effectiveness of the mechanical trading system on historical data, estimating the chances of future earnings and omissions, which may stop them. Testing allows you to start trading without human intervention, if you know the behavior expert in different market conditions. For this purpose, the terminal has a special window where you can also optimize the input parameters of advisers.
Novices at the beginning of their activities and using such opportunities of MT4 EA may find them very complicated, but after a month of trading, the trader can begin to program your own automated trading system that will positively affect the outcome of his work. Even if you are difficult to entrust their money to a computer program and Forex trading robots in particular, you can configure EA to file audio alerts, which will greatly facilitate your work and will require less time for charting and waiting for signals of opening and closing positions.
What is EA?
EA or Expert Advisor - is a program or more precisely a tool which is capable of performing in the Forex trading platform (mostly MetaTrader 4) any action on the instructions of a trader, without directing his participation. All received by such program trading tasks will be done automatically so advisors are called experts or sometimes as mechanical trading system (MTS). Simply put any of such EA tools into your Forex trading robots - the broker's trading application - without any intervention by a trader. You set the lucrative trade advisor in the existing terminal, which is connected to the server broker, doing all the settings, after which the advisor starts to trade on programmed into it strategy.
Benefits of using EA
From a psychological point of view an expert advisor is the only irreplaceable thing. A trader is reduced to decision-making responsibility, and the trade itself is becoming less stressful. Trader does not necessarily have to know profound technical and fundamental analysis, since all calculations are already built into the program. Besides EA tool is able to handle the trading signals even with the absence of a trader in the workplace.
Writing an EA on your own
Advisors of MetaTrader 4 Forex trading robots are written in a programming language MQL4. This language was developed by the manufacturer of this trading platform specifically for writing expert advisors tools. It allows without any difficulty to program the trading system that will trade in the online mode clock. Programmers who are familiar with this language, this cannot be easier. For ordinary users this will be a more difficult task.
Indicators of expert advisors tools
For more effective work of advisers, you can create your own technical indicators. They are an excellent complement to the existing indicators in the terminal MetaTrader 4. The purpose of the use of indicators in advisers - to implement the analytic functions and to generate trading signals.
Built-in expert advisors of MT4 Forex trading robots
The trading terminal and Forex trading robots of MetaTrader 4 have several built-in Expert advisors. It has a function independent of the trading system and the possibility of sound trading signal. They are very popular among beginners and designed specifically to demonstrate the ability to MetaTrader 4 Forex trading robots.
The possibilities for creating your own expert advisor within MetaTrader 4 Forex trading robots are simply astonishing. A custom Forex trading EA can display a variety of warrants at a price and time, automatically open the counter orders, and more. That is, these programs are able to replace the trader at his workplace.
Expert advisors testing
The trading terminal can not only write advisers, but also test them on historical data prior to application, which is another unique feature of the use of advisers. This function is very useful because it provides the opportunity to test the ability and effectiveness of the mechanical trading system on historical data, estimating the chances of future earnings and omissions, which may stop them. Testing allows you to start trading without human intervention, if you know the behavior expert in different market conditions. For this purpose, the terminal has a special window where you can also optimize the input parameters of advisers.
Novices at the beginning of their activities and using such opportunities of MT4 EA may find them very complicated, but after a month of trading, the trader can begin to program your own automated trading system that will positively affect the outcome of his work. Even if you are difficult to entrust their money to a computer program and Forex trading robots in particular, you can configure EA to file audio alerts, which will greatly facilitate your work and will require less time for charting and waiting for signals of opening and closing positions.
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