How do I write an expert advisor in MT4?

How do I write an expert advisor in MT4?

I recommend using the built-in MetaEditor IDE that comes with the MT4 trading platform. To enter the editor, just right-click on an existing expert advisor in the left-hand navigator pane and select modify from the menu. The MetaEditor of MT4 will then open, and you will be able to create a new file.

What programming language is used in MT4?

MetaQuotes Language 4
Trading robot programming language MetaQuotes Language 4 (MQL4) is a programming language for developing trading robots, technical indicators, scripts, and function libraries for use on the MetaTrader 4 trading platform.

How do I start my own expert advisor?

Steps that you need to follow to create EA from a trading strategy.

1. Set Your Account.
2. First steps in EA Studio.
3. Create or generate strategies and create EA.
4. Choose a Strategy from the Collection.
5. Analyzing the Trading Rules and Statistics of the Strategy.
6. Export an Expert Advisor.
7. Test an Expert Advisor with MetaTrader.

How does MT4 expert advisor work?

Expert Advisors (EAs) are programs that run on the MetaTrader 4 (MT4) platform, used to monitor and trade financial markets using algorithms. They find opportunities according to the parameters you set, then either notify you or open a position automatically.

How do you make a Forex robot no program required?

How to create Forex Robot?

1. export historical data from your broker for the asset you want to trade.
2. generate strategies with the data with predefined acceptance criteria.
3. filter the strategies in the collection and select the best performers.
4. export the strategy you wish to trade as a Forex Robot.

How do I protect my expert advisor?

Another way to protect an Expert Advisor is to limit its work by time. You can let it work only until a certain date on any account or server. When demo period expires, the Expert Advisor will no longer work and user will have to ask you for properly protected version of the expert.

Is MQL4 a C++?

MQL4 is based on the concept of the popular programming language C++. The language has enumerations, structures, classes and event handling.

How do I make a trading robot?

Here’s a simple step by step process of how to create forex robots using the Forex Robot Academy online-based tool:

1. Step 1: Define parameters of your trading strategy.
2. Step 2: Input strategy parameters.
3. Step 3: Sort the generated strategies.
4. Step 4: Edit the strategies.
5. Step 5: Optimize the robot.
6. Step 6: Examine the Report.

Do forex robots actually work?

While most forex robots do ‘work’ in the sense that they are programmed to automatically carry out trades, unfortunately, they are not foolproof so they cannot provide any guarantee of long-term profits. At best, they are a useful tool which can be used by forex traders to help make informed trading decisions.

Is Expert Advisor profitable?

But yes it possible to be profitable with an EA. But like others have said, I don’t think there is any such automated trader that will work all the time as market conditions change. So many EA’s have to be used at the traders discretion or continually optimized.

https://www.youtube.com/watch?v=yoXXl0PLeWU