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Has anyone tried Forex robot trading?

What Is a Forex Robot?
These days, it is becoming more and more common for traders to utilize modern methods of technology in their trading and there are many advantages to doing so.
Traders are increasingly likely to use trading systems or software that allows them to automate the trading process — thus reducing the problems of emotional attachment to a trade or a lack of trading discipline. A Forex robot does exactly that and one of the most popular ways to use one is via the MetaTrader 4 platform.
The MetaTrader 4 platform offers a complete solution to a trader’s needs, consisting of charts, news feeds, and more. And, by coding in the native MQL4 programming language, it is also possible to write custom built indicators or even trading strategies — also known as expert advisors.
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Expert Advisors
An expert advisor (EA) is another name for a Forex robot, one that has been developed to be used on the MetaTrader 4 platform. Since it can be custom built, an expert advisor can be designed to implement any trading strategy or risk management system so long as the designer knows how to code it into the program.
For example, a trader may design an EA to open positions in the market at a certain size after a moving average crossover.
Has anyone tried Forex robot trading? Best-forex-robots
The main advantage of using a Forex robot is that it takes the emotion out of trading, which if not addressed, can be a big barrier to many traders. Fear, greed, and stress can build up in manual trading all too easily, leading a trader to lose money and get frustrated with the game.
A robot on the other hand, will implement the chosen strategy flawlessly every time and with a high degree of accuracy. It will also make difficult risk management calculations in the blink of an eye, much faster than a human trader. Not only that, but robots can be designed to trade around the clock and on different markets at once, meaning that you need not have to sit in front of your screen all day and all night.
In short, a Forex robot can take much of the hard work out of trading — that hard work is done beforehand — developing and testing the trading idea.
Of course, there are no shortcuts to making money on the Forex markets and working with a Forex robot brings with it its own inherent limitations.
For one thing, Forex markets are fiercely competitive and coming up with a robot that is able to beat the market is a notoriously difficult thing to do.
Indeed, it is not enough to design a robot that works over a couple of weeks data, the robot must work over several months, if not years, of historical data and undergo rigorous statistical testing to prove that it works. Because if a trader cannot be confident that the robot works, they will more than likely abandon it when times get tough.
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Forex robots (or expert advisors, as they are referred to on the MT4 and MT5 trading platforms) allow you to implement your trading strategy in a fully automated mode, without any manual intervention on your part. That is the primary role of forex robots. Our role is to program one for you – to develop a forex robot that will execute your trading strategy. EAs execute based on each tick ... Calendar News Indicator for MT4 1 reply. MT4 calendar indicator link request 33 replies. News impact in forex - Need calendar data for my indicator 6 replies. News Calendar indicator for MT4 build 600+ 1 reply News Indicator. Good day everybody, I have seen somwhere on this site what I would call News Indicator. I believe, it was code example showing how to read file containing array or CSV file. It was marking platform screen marked with vertical lines and comments indicating times of news potentially affecting FX market. Hi If anyone has an interesting and potentially useful concept for an EA, indicator (or combined system) then please let me know and I will consider programming it on MT4. I'm able to back test EAs from 2003 to the present time using real tick data on most pairs. I do this on custom software as MT4 is useless for back testing. The more sophisticated the concept the better. NEW ABHAFXS TIMING V2L.mq4 FOREX MetaTrader4 Indicators Download . NEW ABHAFXS TIMING V2L.mq4 download link will appear after 10 seconds. NEW ABHAFXS TIMING V2L.mq4 Programming source code. #property indicator_separate_window #property indicator_buffers 8 #property indicator_color1 CLR_NONE #property indicator_color2 Orange #property indicator_color3 Orange #property indicator_color4 CLR_NONE ... In this thread, I will teach you how to code or do some programming. I will use MQL4 for the programming language.. I will start make a video tomorrow and post it right here. Economic Calendar Indicator for MT4. MT4 news release indicator Screenshot. NewsOnChart (News Calendar) is a helpful tool for traders that displays economic news on MT4 chart. And automatically updates every economic news in Real time. Note: Formally it’s Expert Advisor. But it works as info-indicator. Economic news greatly influences the ... If you are trading based on fundamental news only, you can load all relevant news events on your terminal, and create your own custom indicator and set alarms for the new events that you consider important. The internet at large and the MQL4 community have plenty of custom indicators for MT4 for free. Built-in indicators can also be customized to meet different traders’ requirements. What is ... TradingCoders - Custom NinjaTrader, MetaTrader MT4, MultiCharts.NET and eSignal programming service; coding of trading indicators and strategies. Articles about programming and trading; Order trading robots on the Freelance; Market of Expert Advisors and applications Follow forex signals; Low latency forex VPS; Traders forum; Trading blogs; Charts; MetaTrader 5. MetaTrader 5 Trading Platform; MetaTrader 5 latest updates; News, implementations and technology; MetaTrader 5 User Manual

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Programming MQL4 - YouTube

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