Thread: Automatic trading systems

I believe in order to code such method, I do and using them now.

Basically you have to know programming, meta query language (mql)

I believe Grid Trading function the best ( I am using it ) but its own need strong holding power( large capital ) unless you willing reduced your risk for lesser returns.

- Taking Profit -

You have to think how you wanna take profit, I received my very own egy.

My EA can functions by constantly take little profit for me to build up my own capital.

This is a number of the thing a coder that want to code EA need to consider

The best way to secure your money, just how you submission, how you depart

I think that rather than putting my cash at bank that give me 1 percent interest ( in my state Singapore ) for annually

Having an EA cause you to casual Free - Keep your fat finger away from the trading desk.


All of the best to your FX trading.

Basically I am a no DISCIPLINE trader, I am BIAS, I received greed, idle and fear. That I doubt my guide trading will works in the long run, but I am having better success together with EA since I do not really have to touch them. They work 24 hours even when you're sleeping looking for entrance, making profit for you.

Hope my post can inspire a possible EA coder in order to start working building their particular EA

allow me to give u a simple case study

Assuming UJ now is at 97.00
You have $30000, you set 20 max trade, each $1500, you set lot size 0.2 - each 750 pip gap
You devote $1500 per transaction, UJ is only going to discount that trade if it hit 89.50 ( which in the lowest was about 93-94 lately )

If it near 89.50, assuming you got another $30000 in your bank, you topup, you will approx receive a SL of 82.00

Assuming this 89.50 does not hit, the daily intake of this system base in my EA can fetch approx 30-100 pips or more if its in your leadership.

Assuming UJ break to 100.00 and you believe no purpose to risk 750, you can just play another pair like EUR CHF to keep on get cash in.

Assuming EUR CHF have SNB cap at 1.2000 INTACT
You devote 500 pips per transaction - $1 per pip - micro lot
Your EA constantly open position - Tell me how to lose?
(Only when SNB take off their cap or something crazy happen to europe which SNB cant shield 1.2000 ) - Unusual Risk

Of course HUMAN won't be pleased with $1 per pip (for a lot of us), we tend to over play, big entrance, big trade dimensions, and discount.

However EA can do the job for you personally, exchange for you 24/7, all you have do is periodically look at your computer, see how much its make

Since I am (still) not allowed to open a new thread, please let to ask my question , which can be related to automatic trading.

While conducting an ea the chart will be drawn at precisely the exact same time. On x-axis it shows no. Of transactions.
I found a chart from somebody else in which the deadline (dates) was shown instead of no. Of transactions. Regrettably, I do not find a change for this. Can somone explain to change, please?
Thanks Ahead of Time!

Agreed... also I think with most coders -. They code what you tell them - but ea's demand a lot of tweeks prior to getting something that makes/adapts to market feel and not simply indiors which are not really useable. You need to code everything you'd do in a live environment. Its not hard to find coding. It took me starting in MQL. Its step 1, step 2, step 3. Just get off your lazy a ss and take action... Also, I'd advise that you find a fantastic base ea that's done and than start adding and subtracting to code. The fantastic coders can do this from scratch. I'm not a fantastic coder or a fantastic trader but all you need is just 1 ea. Just 1. I had tens of thousands of eas fail - some after a month, some after a day. It will not matter - .

Another newcomer's questions about spread - spread used in the backtesting and current disperse shown in the trade terminal.
(Market is off, for this reason that the disperse in exchange terminal is that high).

My query: the spread used in backtesting (here 5) does it representate 5.0 or 0.5 in exchange terminal?
(Please, no I guess... replies. This is precisely what I can do as well:--RRB- )

Thank you again!

Spread is the amount of pips which you would like to let to pay (bid/ask) for the exchange. Consider it's adding onto the stoploss to get a sell or getting that less in the end when you shut a buy. Also, you want spread protection built in your ea's or you can get burned at weird times of reduced liquidity as they can expand like crazy--20-30 points if your not carefull....... You don't wish to be there by accident but you don't want them too tight either. I usually use likely 5 or 10 pips based upon the volatility of the currency. There is best price and then there's order fill.


Int disperse = 50 (5 or 50 based digits in currency -50 would be a 5 digit currency) together with your case.
//Trade Management.
Int Sp=(Ask-Bid)/Stage;
int Sp2 = spread;

Originally Posted by ;

Another newcomer's questions about spread - spread employed in the backtesting and \current\ spread revealed in the transaction terminal. (Market is away, therefore that the disperse in trade terminal is that large ). My question: that the spread employed in backtesting (here 5) does it representate 5.0 or 0.5 in trade terminal? (Please, no \I figure...\ answers. This is precisely what I could do ) Thank you again! image

If your broker is 5-digits, so the spread (5) revealed in backtester is 0.5pip... If 4-digits, it's 5pips.

1 Attachment(s) Thank you guys!
I presume, I understand it better now, but wish to be more piggy on broker and currency.
Pic. In place #12 reveals a 5-diget price. So, I suppose I've a 5 diget broker and, of course, currency is 5-diget also.
This would mean my backtest (still refering to article #12) with 5 pips represents 0.5 pip spread, right?

It will become difficult when looking at this pic with a 3-diget currency (still the same broker ).



What pip value do I have to input backtest to represent the real 0.5 spread shown in this pic?
When it's broker releated I would think there are the same 5 pips as with EUR/USD above. I'm currious about your own answers.

Thank you again!

Alright, thanks to confimation!

Originally Posted by ;

Alright, thanks to confimation!

You are welcome!

Hi ,

I am new to Forex and have been messing about with the MT4 demonion the last few days. .

I have another idea but cant work out where I am going wrong...

At every say 5 pips previous upwards spike it auto buys and auto collections the T/P at say 10 and S/L at say -5? . . .at every withdrawal it would then wait until it sees an upward tendency again and continue the same routine. .

What am I missing here and wouldnt this work?

Thanks