Blog for Building Expert Advisors for Metatrader 4

METATRADER PROGRAMMING FOR RULE IMPLEMENTATION

 

 

Whether you have the discipline to stick to a defined set of rules is an important consideration if you are going to trade systematically, whether you buy or build. Expert Advisors require following all rules religiously. Successful system traders avoid the temptation of bypassing the rules, whether that comes in the form of holding a loser too long or being too quick to take profits. The beauty of trading systematically is that you have made those exit decisions beforehand based on strong research and statistical evidence, not in the heat of a fast market.

The Expert Advisor developer should have good experience actually trading his or her target markets. The developer needs to have a good background in technical analysis, and this includes knowing what technical methods have been tried in the past so that previous systems are not simply recreated.

If you just make it up as you go along, then you're going to lose money competing against traders who have a complete, tested, and positive expectation trading method. If you can't or don't want to put the effort in to design, develop, and test your own Expert Advisor, then you can't expect to be successful.

Octavio Riano provides Metatrader 4 programming solutions. You can reach him at www.digitaltradingsystems.com