This video gives more detail and examples on using iCustom for MT4. I use iCustom here to write 2 expert advisors using different custom functions.Visit us a.

• Expert Advisors. Expert Advisors (experts) are programs in the terminal that have been developed in MetaQuotes Language 4 (MQL4) and used for automation of analytical and trading processes. They allow to perform prompt technical analysis of price data and manage trading activities on basis of signals received.
• Algorithmic Expert Advisor (MT4/MT5) The FxBrainBot EA is a math based Expert Advisor. He uses the Period and the Power combined with the weight of Alpha, Beta, Gamma and Delta to enter a.
• Mt4 Expert Advisor cracked By Foff 23.02.09 A Textbook Of Geology By P K Mukherjee Pdf Editor.

An Expert Advisor is a piece of software written specifically for the MetaTrader Platform. An Expert Advisor can just advise traders which trade to make or can be. MQL4: automated forex trading, strategy tester and custom indicators with MetaTrader. Free Expert Advisor for Metatrader (MT4/MT5). Download your free Expert Advisor now. (also called EA, Forex Trading Robot or Automated Trading Systems).

About your FOREX.com Demo Account A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account.

Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.

Flex EA uses a newly developed innovative technology involving ' virtual trades'. Simply put, Flex will open virtual trades in the background, using them to constantly monitor the market to help determine the absolute perfect entry point, at which point Flex will start opening real trades. No automated system out there can work long-term without consistently updated settings.

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Flex features an automatic update system, so you can be sure your copy is always up to date with the latest, best performing settings for the current market conditions. Yet another new innovative feature we're bringing to the table. Live Trading Results All settings available in members forum. • Simplicity Ready to go out of the box settings, simply plug and play.

It's literally a matter of attaching it to a chart, selecting the strategy you want to use from a drop-down list and clicking OK, that's it! Works best on (GBPUSD, USDJPY, USDCAD, USDCHF, EURUSD, AUDUSD, EURJPY, EURCHF, EURGBP, NZDUSD) but can be traded on virtually any charts. There are a few pairs we recommend avoiding in the setup guide. Automated updates, don't get left behind because you're not up to date. When an update is available, you will be notified right inside your MT4 terminal and can update at the click of a button. • Precision New market monitoring virtual trade technology brings precision entry points that no indicator can compete with. The default settings will use 6 virtual trades per currency pair to monitor market conditions.

Essential Grammar In Use Intermediate Pdf here. Lowering this number will result in less accurate entry points, but higher trading frequency. Raising this number will do the opposite. When the market shifts, this is the one of the main settings we end up changing. If and when that happens, we will send out automatic update notices to everyone so you're never left behind. • Flexibility Flex EA can be setup to trade just about any trading strategy imaginable. All 3 memberships will include all 12 different setting configurations that offer 12 unique trading strategies that you can plug and play at the click of a mouse. Most Popular Default, FlexHybrid, BigDefault, ADRDynamic, Scalper • Strategies • Default - This is a hybrid trading strategy of Super Precise, Half Grid and Trend Surfer.

• v2Default - New v2.0 trading algorithm based off the original Default strategy. • Super Precise - This open trades very rarely, but when it does they're often very very accurate. • Scalper settings - Scalps small profits during market corrections. • Full Grid - You're tradition martingale style trading just like Forex Hacked. • Half Grid - Half martingale, so not quite so risky. • Trend Surfer - Similar to Super Precise and Default settings.

• Shotgun - This one can be a bit hectic, but when it's working it works really well • FlexHybrid -We're very excited about the potential of this. This uses similar settings as the Default to open it's first trade, but then any additional basket trades after that are only opened after those same conditions are met again, and again. This results in trades being very spread apart in a dynamic fashion within the basket allowing to survive in the worst of times. This is a very safe strategy to use, however expect to have trades left open for days, maybe even weeks in rare cases. New Super Mario Bros 2 Rom 3ds more.

FlexHybrid is a good strategy to trade with 10 charts, on 0.1 - 0.5 risk with Max_Charts of 4-5. • x3Retrace -This strategy waits for slightly bigger market movements than Default would, and will only open a max of 3 orders in it's basket while looking for a retrace. • x2RetraceSL -Very similar to the 3xRetrace, but limited to 2 max trade baskets, and uses a SL on all trades. Much safer but not as profitable. • BigDefault -Trades just like Default but with a bigger TP(47) and Pipstep(32) which means it looks for bigger trends and reversals. • ADRDynamic - A more dynamic approach that uses constantly changing settings calculated by each pairs current ADR(Average Dynamic Range) over the previous 7 days. Solid strategy for ever changing markets.

Contents

As was already mentioned in our guide on MQL4 program types, an expert advisor is a program, a robot, that executes trades automatically without the need of your intervention. In the majority of the cases, expert advisors are created to trade for you, so that you can open, close, and manage your trades even when you are sleeping or not at your computer. What is the logic behind an expert advisor? How does it work?

In our guide on MQL4 Code Flow in Expert Advisors, Indicators, and Scripts, you could already see how the code is executed for an EA attached to a chart in MetaTrader 4, but it is important to see what the logic behind an expert advisor is in more detail. Here you are going to see what the main steps driving an expert advisor that can trade for you are.

Structure of MT4 EA

An expert advisor can be divided into a few main modules, each one with its specific goal. The main modules are:

• Initialization
• Check of the prerequisites
• Order management
• Technical analysis with optional order submission/closure
• Termination

It is also beneficial to remember how the code flows in a trading robot, so that you can associate the module to a portion of the EA's code.

Initialization

During the initialization phase, it is necessary to define the variables, functions, and initial data. This part of code is usually contained inside the OnInit() function for the data that isn't changing during the execution of the trading robot. However, there may be cases where some of the initialization is performed inside the OnTick() function.

Initialization can include many tasks:

• Initialization of variables
• Initialization of files/logs
• Issuing alerts/notifications about the start

Check Prerequisites

When you run an expert advisor, it is good practice to have prerequisites to check and to stop or disable the execution in case they aren't met. Adding such checks to the OnTick() function lets the EA execute predefined modules if at some point during the program's runtime, the prerequisites are met. Some examples of prerequisite checks could be:

• Check the day of the week or time of day if you want to limit your trading to specific periods.
• Check the spread to limit trading if it is too high.
• Check your account/margin if it is enough to trade
• Check how many orders are already open — perhaps, you don't want to have more than X trades on simultaneously.

Some checks may disable the trading functions only while some others may disable both order management and trading.

Order Management

Order management is the module that takes care of open orders. In almost any expert advisor, you want to check the orders that are currently open and assess their status; for example, whether they are in profit or in loss. At this stage you may want your trading robot to modify these orders if some rules are met. The order management module can be run either inside the OnTick() function or inside the OnTimer() function. Some examples of order management are:

• Trailing stop if you want to move the stop-loss of trades that are moving in favorable direction.
• Move the take-profit price.
• Close orders where the condition to stay open no longer subsists.
• Partially close orders.

Order management may sometimes include some technical analysis too.

Technical Analysis

During this phase, the trading robot studies the market conditions, indicators, price action, chart information, and all other rules you have given it to understand if it is time to open a trade or not. Technical analysis can also trigger a closing of orders when their criteria to stay open aren't not met. Technical analysis is usually performed inside the OnTick() function. Some examples of technical analysis can be:

• Crossover of two MA (moving averages)
• Price outside BB (Bollinger bands)
• Pattern recognition, for example engulfing pattern

Technical analysis is, basically, where you define the rules to trade or not to trade. If these rules are met, the EA then proceeds to opening or closing of orders — i.e., it simply opens new orders or closes existing ones.

Metatrader Expert

Termination

Termination is the final module and it usually doesn't do much. Here, you can remove and clean up variables and sometimes include some final task as, for example:

• Create a report.
• Send a notification.
• Close a file.

Termination is executed in the DeInit() function.

Conclusion

Remember that MT4 trading robots work in a loop: check prerequisites, then order management and technical analysis. When this is completed it restarts from the check of the prerequisites again and again until the program is stopped and the termination is executed.

You should also consider that although the modules seem separated, in many cases, they may be partially overlap.

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Every time you are going to create an expert advisor try to think about these main modules and what you want them to do. The design and planning of an EA is one of the most important part of the process because a poorly designed trading robot will not perform well.

If you want to save hours of research and coding and if you want to see some professional code, you can have a look at our MT4 Expert Advisor Template. You can even use it to build your own EA!

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