About Expert Advisor

In MetaTrader 4, there is a function called "Expert Advisors" is commonly abbreviated as EA, or commonly known to us also with the term robot. This function is useful to instruct the computer to automatically analyze the charts and then make trades based on the results of the analysis. Of course, so that computers can do this automatically, we need to provide a rule or rules, so that computers can translate our desires and trading strategies.

To facilitate understanding, we give the following illustration:

• You are trading in the EUR / USD with H1 timeframe.
• You want to open a buy, any price rise through the highest point in the last 5 hours.
• You want to open a sell, any price falls through the lowest point in 5 hours
• With the obvious rules, you can translate it in a programming code, and make the EA itself through MQL Editor supplied when installing the MetaTrader 4.
• After the EA so, simply pairing on H1 timeframe, then the computer will open buy and sell their own position, without you need to click any buttons. Thus of course it is easier for traders, because it will not miss any moment of analysis and, well do not need to sit at the computer for hours waiting for the signal to open positions.

The basic steps to create a robot that is able to generate profit is as follows:

1. Think about your trading rules and strategy, translate into a pattern of complete and clear. Example: Go to buy if the pair moves up over 5 bar respectively, then close the position if the last bar is the highest point below the highest point of the previous bar.
2. Pour step details on No. 1 earlier in the programming language MQL. If you have trouble, you can read a detailed guide on MQL Editor Help.
3. After the EA are compiled, do backtest several times and find the setting that is profitable. Perform forward test with the best setting for 1-2 weeks.
4. If you continue to profit, then run the EA on real account and reap the profits, even while you sleep at night.
5. Listen Read phonetically

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