The Foreign Exchange Market is a great avenue for trading currencies and gaining profits. However, it is extremely volatile, and the probability of losing invested money is as great, if not greater than the chance to earn. Most people do manual trading. However, the complexity of the market makes it extremely difficult to keep track of all the trends and the direction in which they are going. These trends are a very important element of investing in the Foreign Exchange Market, as they are the main basis of the investor regarding whether or not a particular currency should be invested in.
It is a good thing for investors that they can now get the aid of forex robots in their training. There are a lot of advantages to using forex robots, and even a person who has no experience can try his luck in foreign exchange. Using a forex robot is akin to having an expert who can be relied upon for advice at any time. Just by running the program, the investor will be able to analyze data that will be able to help him make the decisions necessary in executing the trades. All these are done at a speed that is impossible to achieve through manual trading.
The problem with forex robots is that there are a lot of them on the market and it is a bit difficult to choose the best one among them all. In fact, it is a decision which is almost impossible for a novice investor to make. Also, not all the forex robots that are being sold are effective. A large percentage of the forex robot software programming used does not even run.
With the Expert Advisor Programming: Creating Automated Forex Robot for MetaTrader 4, investors don’t have to worry about all these problems. This book provides a comprehensive guide to the MQL programming that can be used to develop robust automated foreign exchange systems that can be used on the MetaTrader 4 platform. Instead of simply relying on pre-made forex robots that may or may not work, with this book, a person will be able to learn how to program his software to do basic trading tasks such as to place market and to stop and limit orders. The book also provides instructions on how to calculate stop loss and lot size based on risk. The software can also be made to take the profit prices and verify the trading conditions using pre-set indicators and price information. When it comes to orders, the book also has instructions on adding trailing stops, and it can take a number of orders all at one time.
Going past the basic functions that are needed for trading, this book also has instructions for many advanced features such as email alerts, Martingale lot sizing, and timers. The codes used in the book are flexible, so they can be reused and adapted to a lot of other functions. The book also teaches how to create custom scripts and indicators, so the user will be able to customize and personalize his code to this own preferences.
The book was written with the help of expert advisors and years of experience in coding. It is great for both beginner and expert traders. With its easy-to-understand explanations and clear examples, it will be sure to provide help to any investor.