Posts Tagged ‘expert advisors’


Hanging Man — Candlestick Pattern

The hanging man is a single candlestick reversal pattern. The body of the candlestick can be bullish or bearish. It is a bearish reversal pattern, found at the top of an uptrend. It indicates a potential reversal. It consists of a small body with a long lower wick, which should be twice the length of the real body. This pattern is similar to a hammer candlestick and the open price, the low price, and the close price are roughly the same. […]

Algorithmic Trading Explained

Algorithmic trading involves coding using a certain programming language to automatically execute your trades on your behalf. Since the trades are executed by an expert advisor, human emotions are eliminated. So, it results in faster execution of trades. You can backtest your strategies before you can use them in a live environment. You can choose a platform such as the MetaTrader 4 which comes with the MQL4 platform for writing […]

Automated Trading Systems Explained

Automated trading systems are made of algorithms with predefined set of rules for entry and exit. Hence, it reduces human intervention, so that emotions are removed in making trading decisions. It results in faster execution of trades. Either you can build your own system based on an algorithm or use an existing system. With your own system, you have a better understanding of the strategy involved and the functioning of the system. You […]

Five Benefits Of Automating Your Trading

Automated trading can play a big part in your trading success. In this video, you will see the five best reasons why you should be using automated trading. 1. The banks do it: There is a reason that investment banks and hedge funds pay millions to undertake algorithmic and automated trading. Automated trading makes up a significant amount of profits and trading volume in general. If banks and hedge […]

Automated Currency Trading for Easier Trading

Automated currency trading is widely being done by traders. It lets a trader use his free time, rather than spending hours and hours for trading. Automated trading systems are extensively available in the market. However, only a few consistently perform their functions. Currency trading always needs a lot of time. Automated currency systems give you the benefit of saving time and energy. It simply saves you the hard […]

Create a Trading Robot in the MQL5 Wizard

The MetaTrader 4 platform contains an editor for trading strategies called MetaEditor. It allows creating trading robots without programming. With the built in MQL5 wizard, we simply select the components and assemble a new Expert Advisor. The trading robots are comprised of 3 main units, which include the generation of buy and sell signals, trailing of open positions and money management. Start the MQL5 wizard and select the option generate Expert Advisor. The MQL5 […]

How to Test Expert Advisors Before Purchase

Before making a purchase it's recommended to test desired robots and indicators in the MetaTrader 4 platform. It's an easy and free of charge operation that will give you more confidence in a product. Before you decide to purchase an Expert Advisor or an indicator, you can check it in the Strategy Tester for free. Every product is provided with a demo version, which can be downloaded from its description page. Configure the main […]

Risks, Distribution and Reviews of Trading Signals

How risky your signal provider trades and what other subscriber think of that? You can find answers for your questions in this video. In the “Signals” tab in your MetaTrader 4 platform, you can find the “Risks” tab. When selecting a signal, it is recommended to consider additional information. The “Risks” tab allows assessing the maximum losses during the lifetime of a signal. Absolute drawdown by balance shows the balance change in relation […]

How to Purchase a Robot or an Indicator in Market?

Any trader will find thousands of trading robots, indicators, financial magazines and books on the Market. All of that can be purchased directly in the MetaTrader 4 platform and it's much easier than you think. The Market is the online store of trading robots, technical indicators, financial books and magazines. It is built into the MetaTrader 4 platform, so you can access thousands of digital products while trading. All […]

How to Search and Choose Applications in MetaTrader 4 Platform

In your MetaTrader 4 platform, the “Market” tab features well developed product filtration and sorting systems. Each product has a detailed description and screenshots. Moreover, robots and indicators have demo versions, while books have previews.This video teaches you how to use all that functions and make the right choice. The "Main" tab of the "Market" features the most popular of products offered in the store. Navigate to the application section to search through the available […]