Choosing the Right MT4 Automated Trading Expert Advisor


There is a couple of things that is important when dealing with automated trading.

1) Ease of use - The MT4 platform offers a good debugger platform and MQL4 programming language that is similiar to C programming. This ride onto the trading chart easy and lots of graphics and word to display on it to show your analysis and progress. The many programming features enable beginer and expert to code trading strategy into automated coding.



2) Trading strategy - No automated trading is complete without a good and profitable trading strategy that works on designated currency pair in single or multiple timeframe. The strategy should include entry and exit requirements, money management, stop loss policy, password/account protection, spread resistance, technical or fundamental analysis, server busy/free checks, support memory retention or program continues after reboot or restart.

3) Simulator - The platform must be able to perform simulation on pass history data and summary of the simulated result to show the performance of the trading strategy. This is very important to debug and fine tune the strategy to achieve max profitability.

4) Coding support - The last and most important is the support for the platform, codes and time usage availablility. WIthout future support to run on future OS and programming language, the automated trading software will be obselete in time to come. And the broker support for the trading platform is equally important.
In summary, the platform for automated trading has to be easy to use, a profitable trading strategy, simulate to test historical data and coding support including broker server.

Source:  http://www.articlesbase.com/currency-trading-articles/choosing-the-right-mt4-automated-trading-expert-advisor-714099.html

 



Forex Patterns and Probabilities: Trading Strategies for Trending and Range-Bound Markets (Wiley Trading). Click here to see 58 customer reviews and choose from 35 suppliers








Expert Advisor Programming: Creating Automated Trading Systems in MQL for MetaTrader 4. Click here to see 19 customer reviews and choose from 14 suppliers






Algorithmic Trading and DMA: An introduction to direct access trading strategies.
Click here to see 26 customer reviews and choose from 17 suppliers

No comments:

Post a Comment

Top Forex Automated Trading Expert Advisor (EA)


Forex EAROI (Monthly)Profit FactorMax Draw DownS3 ScoresStar RatingAlexa.com
FAP Turbo207%31.770.32%280 points5 starsRank 31,123
GPS Forex Robot28%3.935.68%260 points4 starsRank 283,290
Forex MegaDroid19.8%NANA250 points4 starsRank 72,310
Leo Trader Pro32%2.855.84%250 points4 starsRank 213,570
Forex BulletProof11%1.3219%250 points4 starsRank 309,467
Million Dollar Pips925%2.132.58%240 points4 starsRank 75,635
Forex Growth Bot148%1.669.05%190 points3 starsRank 214,229
Forex Over Drive5.8%NA21%190 points3 starsRank 453,393

Fully editable *.mq4 files that compile successfully with no errors (3MB zip file with 200+ EA codes. Including 40+ strategies from the Strategy Book. You can download the Free Strategy Book by joining my email newsletter on the right side of this website. Click "Buy Now" to make payment and instant down the Best Forex Ranking Cook Book at USD $79 (One time payment only) Click here for more info

Please inform me if unable to purchase or download (send to sngerge@gmail.com)