Expert advisors for MetaTrader 4
Every day, the Forex market is increasingly looking to earn. Before productive trade needed special courses (or at least independent reading 1-2 books on stock trading with further elaboration on a demo account and endless questions at specialized forums) and, of course, a lot of practice. Today, many of the processes used, so much so that trade on the Exchange can program-robot (expert advisor). Expert advisors for MetaTrader 4 is a very popular program for automated trading, which use many traders wishing to facilitate your trading or reduce risks when using for eggs in different baskets.
The question is to find or create a really earns, EA. In fact, such advisers-units. Let's see what are the advantages and disadvantages of expert advisors for MetaTrader 4 and how to use them properly.
Definition of expert advisor for MetaTrader 4
Expert Advisor (EA, Expert Advisor (EA))-robot software, which automatically analyzes certain information about the price of Forex Exchange (or any other stock market, FORTS, etc) and makes a decision about placing the order (s). This is a fully autonomous robot-exhibits of stop-order, calculates lotnost′, tightens the stop loss and much more. As you can see, it is very convenient, fast and efficient. Often advisors fully implemented all the mechanical work for the trader, significantly making it easier to trade.
Separately allocate software-scripts. The script is semi-automatic, executes a certain action when the who iknovenii conditions. For example, you opened the position, and the script will automatically set it to your stop order. Or the price reaches the set value, the script and gave sound and text alerts. The orders are not accompanied by the automated trading.
Prerequisite EA is a virtual private server- VPS. This is the remote computer to which the trader sets a trading terminal Mt4 and EA. Of course, you can leave the home PC or laptop running 24 hours a day, but no one is immune from turning off the electricity or communication problems, (the Internet). VPS providers guarantee the full operation of the remote computers for a nominal price from a few dollars to a few tens of dollars a month. It is quite comparable to profit from a good adviser, i.e. return on investment at a height of-profit from automated trading covers all costs and still money.
Advantages of expert advisors for MetaTrader 4
1. full automation of the trading process.
2. lack of emotional factors, unlike manual trading.
3. the speed and efficiency of trade.
4. high speed calculations, lotnost′, etc.
5. strict compliance with the rules of the trading strategy and money management parameters.
6. the robot does not know fatigue.
Disadvantages of expert advisors for MetaTrader 4
1. Often advisers over time in need of optimization parameters, because the market is constantly changing.
2. a truly profitable expert advisors.
3. profitable EAS usually cost from 100-300 $ and above .
Also worth a proper assessment of the risks and trade adviser. To do this, you need to know How to test expert advisor on history. All realized in the Terminal strategy Tester tab.
Do not be afraid, that a broker will call you a spoke in the wheel, if an expert advisor for MetaTrader 4 trading profitably. You just need to select a trusted broker. A very good and respectable broker, this is Review .
To start the search and test found online free expert advisors. It will help you better understand how work, practice experts in risk assessment and trade strategies. Only after that proceed to the study of paid products. In the latter case, on your side, technical support and possible Upgrade Advisor.
In the work of the Expert Advisor may intervene only experienced traders. A newcomer is the best to see to it that the robot was set up according to the recommendations of the developer and does not in any way interfere with the trade through their actions.
As we can see, Forex EA is profitable and can bring good profits.
We hope you'll now use advisors for MetaTrader 4 for the trade. Profitable and effective counsellors!
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