MQL – Trading POC

MT4 is a standalone installation trading platform for individual Forex trader. Anyone can open a trading account with the Forex broker, download the trading program and install onto the PC. Setup and configure the broker server and login to your trading account to begin trading. One of the key features of this trading platform is programming capabilities, beside able to do charting, store historical price data and execute trades.

Expert Advisor

The core programming language is MQL4 or Metaquotes language 4 is a C program look a like programming language. Its comes with program function structure, variable declaration, operands, conditional checks, calling of technical indicator, time date function, math operations and other features. All files end with MQL format and are editable using the editor that comes with the trading platform. These are commonly call expert advisor and are used to run on MT4 trading account.

Create EA

Before you start, you have to code your trading strategy into programming codes MQL and compile with no error. Or you can purchase third party codes and use it to run on your trading account. You need to decide the time frame and open the currency chart of your choice after you login to your Forex trading account.

How to load EA

First you have to copy the MQL file (Expert Advisor) into your MT4 program folder experts. Then run MT4 and it will automatically compiled the expert advisor and it will appear in your navigator windows under the expert advisor directory. Simply select the desire expert advisor and move over to your currency chart. (Click and drag). You will see the name of the expert advisor at the top right hand corner of your currency chart. And look out for a smiling face on the right. If you see a cross then you did not enable EA trading.

Enable Expert Advisor

MT4 comes with an option to disable or enable the expert advisor trading on the top middle panel. Click to disable or enable it. You may have to set some parameters at the tool tab into option menu and go to Expert Advisor tab. You will see a list of tick box to select. In more cases, tick Enable Expect Advisor, tick Allow live trading, tick Allow DLL imports and tick Allow external experts imports. And leave the box empty for Disable experts when account changed, empty for Disable experts when profile change, empty for Ask manual confirmation and empty for Confirm DLL function calls. With the above set up, you should see a smiling face at the top right corner of your currency chart. You call load as many EA you want. My recommendation is limited 8.

Changes to program

If you need to change the expert advisor due to bug or program update, simply click on the name of the expert advisor, choose modify and it will automatically open the metaeditor for you to make changes. Once all changes done, simply compiled the program and it will automatically update the copies that is attached to run on your currency chart.

Source: http://www.bestforexranking.com

Trading forex can give you a huge potential in profit. By being a 24 hour market, your chances of getting a huge profit from your trades can happen even in the wee hours of the morning. But you dont have to stay up and monitor the market by sitting in front of your computer screen of course. This is where a fully automated trading system comes in.

An automated trading system is not a new thing. Many of these systems have been around for so many years and some traders already mastered the use of these mechanical systems, but not all. Since forex trading can appeal to so many people right now, whether youre an employee who wants to have an extra income, or a retiree who still wanted to have something to do and earn at the same time, forex trading can be a very huge profit gaining potential and a very good automated trading system can be your tool in attaining just that.

TrendBiter uses a proprietary MTSD (Medium Trend Strength Discovery) indicator developed by Dr. Trent Soyuz that takes small “bites” of profit out of trends in the medium range with an exceptionally high accuracy rate for all the major currency pairs.

TrendBiter is a great solution for patient investors who want to trade the Forex market . but avoid the daily grind of chasing down PIPS with the help of a fully automated system without having to become an MQL or JForex programmer. TrendBiter seeks excellent opportunities but typically finds relatively few trades every year (about 10 per pair). It is thus designed for patient investors whose investment horizon is at least one year.

Forex trading is hard specially to those who just started trading, and a good fully automated system can help in making things easier for those who want to trade. TrendBiters goal is to help traders save time, reduce stress and optimize performance. Since this trading system is fully automated, it can relive the trader of the stress and anxiety in sitting in front of the computer at all times watching the market. TrendBiter is extensively tested by leading industry experts with excellent feedback.

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Automated trading systems are here for the long run, visit our website to know more about the benefits a fully automated trading system can give you.

Tag: MQL

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