What Is EA and what's the point?

In MetaTrader 4, there is a function called "Expert Advisor" Commonly abbreviated EA, Or as we used too familiar with the term robot. This function is useful to order the computer to automatically analyze the charts and then make trades based on the results of the analysis. Of course, so that the computer can do this automatically, we need to provide rule or the rules, so that the computer can translate the desires and our trading strategy.

To facilitate understanding, we provide the following illustration:

* You are trading the EUR / USD with H1 timeframe.

* You want to open a buy, any price increase through the highest point in the last five hours.

* You want to open a sell, any price falls through the lowest point in five hours

* With these clear rules, you can translate it in a programming code, and make yourself via MQL 

Editor EA is already supplied at the time to install MetaTrader 4.

* After the EA so, simply pairing on H1 timeframe, then the computer will open a 'buy and sell their own position, without you need to click any buttons. Thus of course it is easier for traders, because it will not miss any moment of analysis and, well do not need to sit at the computer for hours waiting for the signal to open positions.

Basic steps to create a robot that is able to generate profit is as follows:

1. Think about your trading rules and strategies, to translate into a complete and clear pattern. Example: Open a buy if the pair move higher over the five successive bars, then close the position if the last bar is the highest point below the highest point of the previous bar.
2. Pour the detailed steps on no one was into the programming language MQL. If the trouble, you can read a detailed guide on Help or MQL Editor consult with SFX Club.
3. After EA in-compile, Do backtest several times and find a favorable setting. Perform forward test with the best settings for 1-2 weeks.
4. If you continue to profit, before running the EA on real account and reap the profits, even while you sleep at night.