Production of software for automated trading and analysis of financial data and explains the techniques of trading on such a market. Software for automated trading allows you to track a large number of parameters and decision-making in real time. This software is able to independently carry out transactions of buying and selling a particular currency pair, stocks or goods, when the market observed a favorable opportunity. The duration of such transactions, from buying to selling, often measured in seconds.
This way of trading is achieved precedence over traders who manually by trading orders. Software trading methods adhere strictly to the given trading strategy, reducing the impact of human emotions on decision-making and allow overcoming the problems that may arise due to negligence or lack of concentration. Modern technology, software, and data arriving in real time by themselves are not sufficient to be successful. Successful trading results still need to find an appropriate way in which they can take advantage of the available information and make the right decisions. Development of software for automated trading is the process of developing and testing software for automated trading, and risk management process. A software method can be used to analyze financial data such as heuristic methods, simulation, Monte Carlo methods, neural networks, evolutionary methods, genetic algorithm, cluster analysis and data mining and technical indicators. Software platform for trading instructions for use of one of the most commonly used software trading platform” MetaTrader 4 with managing trading orders.
EA for MT4 platform can be found in two forms of the file, ex4 (compiled) and mq4 (source). Whatever you have, copy the Experts folder of your platform (mainly to the following path: C: \ Program Files \ Forex Broker \ Experts \). Can bundle with the experts to find and some other files, .or any that helps and is necessary in the work of the individual experts. These files are mainly in the Libraries or Files folder, but in any case, read the instructions and there should be written where it is located. Restart trading platform if you have been involved and then you will in the Navigator window MT4 under Expert Advisors and find your EA. Simply drag the EA at the chart of a currency pair that you want to do it. On the market there are a multitude of automated trading, such as autopilot, robot and automated system.
In order to determine the success of the EA, we are able to perform trading platform through its testing. How this is done in several steps: Go to the next item on the MT4. In this way we load historical data (prices) in all and thus creating conditions for well testing the EA. When we entered into an option Strategy Tester’s, here we load the EA, choose a currency pair that we want to test, and for that time period. In Expert mode, adjust Properties series of parameters that we want to test, and also that he put the deposit amount, account type, etc. Minimum lot. Since loaded with M1, whether it’s small enough period of time to test the EA? How can we rely on the M1 test? I tried some EA gives too good results. When the testing is completed, we get the result of statement Expert Advisor for the period that we were to give it, and also get a graphical view of it as seen on the image. The best solution is to download history for all the time frame then the Strategy tester. Is it small enough period or not> it does not matter because in MT4 can not have less than M1. If you get a 90% accuracy of data you are on the right away. It is existed option to get 99% accuracy of data. It can see what trading tools can be used. In this case it is MACD. You can choose what assets would you like to trade. It is EUR/USD. You can choose spread. It included current spread, 2 pips, 3 pips, 5 pips and more. You can set up time frame expiry. It is H1 charts time frame expiry as it is seen on the image. When you click Open charts you can see charts on the mt4 trading platform.
Long & Short – whether you want to BUY or SELL only or both that open Allow Live Trading – if not marked will not doing EA/Allow DLL Imports – also if it needs a file will not work (properly) if he is not the check mark. The next image is showed deposit amount, currency, positions. Deposited account is 20000 in USD. Trading positions are represented trading strategies: Long and short. When you set up you press the button OK.
Inputs that window you will find settings for specific expert for each are different, so you and the need to consult with the instructions or software developer. The next image is showed how to set up take profit 50 pips per trade and stop loss account 30 pips per trade. It is included investment amount per trade 0.1 lots. MACD is showed opening and closing price. When you set up you press the button OK.
That’s it, if you did everything as described in the top right corner of your graphics must exist who smiles and this means that your EA in operation. There are two options that you can now stop: you did not turn Expert Advisors button in the toolbar platform and check it Allow Live Trading in the settings EA.
This image is showed data entry. It is M15 charts time frame expiry EUR/USD and MACD testing. Red line is showed entry points for trading strategies. You can buy or sell the asset. It is showed take profit order 50 pips, stop loss order 30 pips, open and close level and trend period.
To enter the settings EA press F7 on your keyboard, left click on the smiley or right-click on the graphic, then Expert Advisors> Properties. On the platform you can be logged in only in one account at the same time. When it can be changed on accounts same MT4 platform should be EA off. When I start the EA that uses some of the indicators, whether these indicators built into the EA or used “external” indicators? Do I start the EA should be visually that we appear all indicators it uses and when I use these indicators without EA or they work in the “background”? It depends on the EA to EA. He has conditions in the code so that does not even have to have the graphics indicators, it will definitely work. But it is better to put them on a graph, for you will find it easier to understand when and why the EA open / close the trade. Some have their own indicators, but they need to be in folder of that platform to be able to work. In any case, you have the Journal and the Experts tab in the lower part of the platform that will all possible errors that you log, so you can react.
Since recently I have real account, I think it’s time to slowly prepare a strategy Trading and MM. In this regard, there have been concepts that I’m not the clearest. I tried to find his explanations, see the net that there is a lot of confusion, something I figure, but said to check with you that I am well figured out. To begin with, I understand that the amount of margin money in your account and that for every position needs a certain sum for the opening and that a certain amount should remain.
Take the example of round figures:
Deposit $ 10,000
Max Leverage 100: 1 I want to open a position with 1 lot, which is to say that 100,000 / 10,000 real Leverage 10: 1 is not it? What percentage of my money I need to open that position? Somewhere I found:
Required Margin = (Market Quote for the pair * Lots) / Leverage
Therefore how should nevertheless still that we remain on the account? In this case, the value of faucets on 1 lot is $ 10, which means if you put 20 SL, risking $ 200 or 2% of my deposit is not it? What made me even more interested in the terms Margin Call level and Stop Out level. Let’s say if the broker says, Margin Call level is 20%, and the Stop Out level is 10%. I found that the 20% received a warning, and in 10% of the broker closes the position of the least profitable.
Expert Advisors Conclusion
Testing Expert Advisor is very simple and useful method for forex trading. It can be provided automatic trading for all traders. Expert Advisors are automated systems such as their word itself says work alone. They are doing what they are given, or you at those settings that you set them. They represent a ready-made systems and strategies that are programmed to open and close orders to suit you. It was explained how to test Expert Advisor using by MT4 trading platform.
Expert Advisor Testing And Optimization
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