I’ll assume you want to code MT4 Expert Advisor Robot in MQL4 language.
There are 2 ways to code a robot.
👉 Code it yourself. Indeed very difficult if you have no knowledge in coding. Although, you can learn this in a few months after reading all the information available at MQL4 website.
👉 You can hire programmer (just like ourselves) to do this for you. You’ll then have to give exact requirements and trading rules to get your Forex Robot coded. We at Gotrade4Me.com can code the custom Forex Robot (Expert Advisor) for you and provide you Expert Advisor Programming Service at an affordable price.
The world’s financial markets indeed offer you a huge potential for profit and loss. There is always a potential for profit in the market. Whether your stance is bullish or bearish. The ability for the trader to make money is always present—as is the ability to make a loss.
95% (or more) of all new traders lose all their investment capital in the first month as far too often, emotions, psychological mind traps and mental discipline stand in the way of profits.
Arguably, using an Expert Advisor algorithm trading robot on Meta Trader platform written in the MQL4 language is one way of accessing the market via code. This helps in taking the emotions out of the picture and working with just the numbers and your algorithmic logic.
Who would benefit from a Forex Robot (Expert Advisor) :
👉 Anyone who would like to automate their Forex Trading (No programming knowledge is required: as we will take care of it)
👉 Traders who would like to improve their trading performance by fully automating a trading strategy
Find out how feasible your Forex Robot (Expert Advisor) project is and what it might cost
Algorithmic Trading Strategies you would need for your Expert Advisor
One of the first steps in developing an algorithmic strategy is to reflect on some of the core traits that every algorithmic trading strategy should have. The strategy should be market prudent in that it is fundamentally sound from a market and economic standpoint. Also, the mathematical model used in developing the strategy should be based on sound statistical methods.
Next, you need to determine the information your robot is aiming to capture. In order to have an automated strategy, your expert advisor robot needs to be able to capture identifiable, persistent market inefficiencies. Algorithmic trading strategies follow a rigid set of rules that take advantage of market behavior, and the occurrence of one-time market inefficiency is not enough to build a strategy around. Further, if the cause of the market inefficiency is unidentifiable, then there will be no way to know if the success or failure of the strategy was due to chance or not.
Keeping the above in mind, there are a number of strategy types which can influence the design of your algorithmic trading expert advisor robot. These include strategies that take advantage of the following (or any combination thereof):
👉 Macroeconomic news (e.g., non-farm payroll or interest rate changes)
👉 Fundamental analysis (e.g., using revenue data or earnings release notes)
👉 Statistical analysis (e.g., correlation or co-integration)
👉 Technical analysis (e.g., moving averages)
👉 The market microstructure (e.g. arbitrage or trade infrastructure)
Preliminary research focuses on developing a strategy that suits your own personal characteristics. Factors such as personal risk profile, time commitment, and trading capital are all important to think about when developing a strategy. You can then begin to identify the persistent market inefficiencies mentioned above. Having identified a market inefficiency, you can begin to code a trading robot suited to your own personal characteristics.
Tags: #expertadvisor, expert advisor, How to Create Forex Robot without Programming in 2020 (MetaTrader Programming Service) : Expert advisor programming requires knowledge of programming languages, specifically the MetaQuotes Language 4 (MQL4) or the MetaQuotes