How to Create Your Own Forex Robot (Expert Advisor) Simply - Forex Robot, or better known as EA (Expert Advisor) is one of the strategic choices for some forex traders who do not want to monitor the market every day. To make a Forex Robot itself is not easy, because it usually requires knowledge of programming languages, as well as the ability to build a reliable trading system.
However, there are other ways to make your own Robot simply, even if you don't know a particular programming language. First of all, first understand the definition of Forex Robot, then register what is needed to make the Robot itself.
What is a Forex Robot?
Forex Robot is a program (software) made with a special programming language so that the software can be associated with a trading platform. One example of this programming language is MQL (MetaQuotes Language) which is used to create robots on the Metatrader platform.
The Forex Robot function mainly has two: first, it allows software to monitor the market for 24 hours nonstop, and secondly, allows software to run transactions automatically based on the instructions mentioned in the manufacture. By making robots, traders no longer have to follow market movements throughout the day; Simply specify certain parameters on the Forex Robot, then let the Robot operate to generate profits for your coffers.
- The trading opening signal (Open Order) via the technical indicator already on your Metatrader. You can also install other order conditions, including Take Profit instructions, Stop Loss, Trailing Stop, and so on.
- If you want, you can also set certain limits to make the Forex Robot only operate on certain days or certain hours only.
- You can also determine alternative scenarios, for example if a trading signal appears from the opposite direction while the previous trading position is still running, or apply the Martingale strategy when the trading position is losing.
All that can be done only by inputting the rules that you set yourself, then click "Generate"
How to Create Your Own Forex Robot Simply
However, there is one thing you need to remember. Forex special robots cannot adapt or build sensitivity to the market, and will always be rigid to follow the rules that have been inputted. That is, if there are sudden changes or anomalies in the market, the Robot can fail to produce as expected. In addition, trading using this Robot does not necessarily mean you can succeed without learning at all. You still have to continue to improve your knowledge about forex and improve the Robot regularly.
These are the tips that I can share this time, about How to Create Your Own Forex Robot (Expert Advisor) Simply. Hopefully it can be useful and good luck.
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