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Thread: Learning step by step to make expert advisor
  1. #71
    My pips hand is weak
    jessica19 is on a distinguished road jessica19's Avatar
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    Dear one thing to notice that not everyone trader can learn how to program anyway because it involves c++ and Oracle language of computer Visual Basic is also plays an important role to make you better but if you're not an IT expert then it is useless to spend time on making

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  3. #72
    Forex in the blood
    Mmjhype is on a distinguished road Mmjhype's Avatar
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    How To Create A Simple Forex EA Using The MetaEditor Wizard..

    To access the MQL wizard,just open MetaEditor on your trading platform then click "New" on the upper left side.....
    Select "Expert Advisor(Generate) " which is the second option in the pop-up window then click Next. On this screen ,you can set the general properties of the EA,such as the name author and link to the source.
    The system parameters,which basically are your lables for the currency pair and time frame,are already set by default . Don't worry about these inputs just yet! These default settings indicate that the EA can be applied to the current currency pair and time frame.
    Next you will have to set the signal properties of your Expert Advisor . You can choose from the set of technical indicators already included the metatrader platform ,such as good ole moving averages or MACD and even have a combination of up to 64 indicators!
    To add an indicator ,just click Add then input the necessary fields in the pop-up window. In this example, I'll just make use of the 100SMA and leave the rest of the default parameters as is. Just double click on each field to edit it's name,value or type.
    The next step should allow you to determine the trailing stop for your Forex EA. You can decide to base it on a fix number of pips, use a technical indicator,or not have one at all. In this example, I won't be adding a trailing stop just yet . Lastly you can set the risk management rules by deciding to trade with a fixed volume,margin,or risk percentage . Under the fields for parameters you can specify the percentage risk or the lot size per trade. In this example I'd like to trade with a fixed risk of 1% of my account on each trade,as most of my trading buddies do. ..
    Before the hit the Finish button,take a deep breath and make sure you're ready to have lines of code thrown at your face ..And there you have it just hit compile or F7 to make sure that your code is error free....Now go and impress your date by humble-bragging that you've learned to write hundreds of lines of code overnight, no biggie, 😂

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