advisor is a program capable of performing in the terminal any action following the instructions of a trader, without his direct involvement. You can set various orders by price and time, automatically open the counter orders, etc. Here are some tips.
For ordinary users this will be a more difficult task. You can create your own technical indicators for more effective work by the advisors. Besides, the advisor is able to handle the trading signals even when the trader is absent from the workplace. Even if you are hesitant about trusting your money to a computer program, you can configure the advisor to five sound alerts, which will greatly facilitate your work so that you spend less time on graphical analysis expecting a signal to open and close positions. Testing is very useful, since it helps to measure the ability and effectiveness of a mechanical trading system on historical data, estimating the chances of future earnings and errors. Users of the metatrader platforms are at liberty to customize their platform to suit their specifications.
All tasks are performed automatically or mechanically, which is why the advisors are called experts or mechanical trading systems (MTS). The best expert advisors are created by renowned forex traders and programmers who understand the forex market in depth. And when the rules are clear this trading system can be automated. Writing An Forex Expert Advisor, forex Expert Advisors forex forum malaysia for MetaTrader4 are written in the MQL4 programming language. This can be blamed on the advertisers who falsely claim that their EA thrives in every market condition. We want advanced MM so we check that option. The content of this article reflects the authors opinion and does not necessarily reflect the official position of LiteForex. The trader does not need to have an in-depth knowledge of technical and fundamental analysis, since all the calculations are already included in the program. EAs can be created only for metatrader platform users.
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