This is mainly because they don’t have good tested trading strategy. On the other hand having a strategy, means that you have clear rules about every market situation. And when the rules are clear money management expert advisor forex percuma trading system can be automated.
There are many advantages for the automated systems like – 24 hours trading, reaction speed,monitoring huge numbers of financial instruments in different timeframes, the ability to backtest the system and many others. Automating a trading system is difficult because it requires program skills which most of the traders don’t have. With this Expert Advisor builder such skills are no longer needed. In our big experience creating automated trading systems, we have found that usually simple things work. With every rule you add , you optimize your results in the past, but this will give you worst results in the future. So our advice is – keep things simple. Now lets create simple trading system for example.
This basically means this if the pre previous value of RSI is less than 30 and previous bar is closed with value for RSI over 30 , we have our open long condition. We skip Close buy and Close Sell and go directly to Settings tab. We want advanced MM so we check that option. Now we go to the last tab and press the Generate button. Now all we need is to copy the code and paste it in the MQL Editor, compile it and start using it. Automated Forex Trading Robot That is Profitable in Every Pair!
My name is Matthew, I am a programmer, web designer and currency trader. For the past 7 years I’ve been designing an FX trading robot in the MQL4 programming language that I’ve dubbed MFM7. I am now putting this expert advisor up for sale. My FX trading bot is not a martingale, nor does it multiple risk in any way.
Forward tested 3 years, backtested 7 years, the EA is profitable in every pair, in any market condition! I designed this foreign exchange robot myself, it’s not some piece of junk that I downloaded I’ve purchased every hyped-up MT4 trade manager under the sun, and none of them ever worked for me. One big issue with commercial scalping EAs is that they are too complex and overly backtested, something Forex traders often call “curve fitting. I’ve since realized that in-order for a scalping EA to be profitable in live forward testing, it needs to be profitable in backtesting with all pairs using the exact same strategy and settings, by understanding and continually adapting to recent foreign exchange market conditions. Most, if not all other FX trading bots are not actual “trading robots” they’re simply automated trading strategies that enter and exit trades, usually based on default MT4 indicators, they lack any sense of logical reasoning.