In this video we will complete our Forex Robot by adding market exit conditions to it. Specifically, we want to close any existing orders before we the Algorithmic Trading System opens new ones. This way we will make sure that there is only one open order at any given time, therefore limiting our currency risk and exposure.
Feel free to leave me some feedback if you have any questions on the code or if you just like my tutorials!
Source code below
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Today we will continue coding the Simple System expert advisor. In this tutorial we will program the core of our Algorithmic Trading System.
We will use the OrderSend() function to send Buy and Sell orders to the market based on which way the price has moved. To check the price we will be using the Open[] array, which Metaeditor provides for us.
Source code under the video
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The preparation stage is complete and today we will finally start programming our FOREX Robot in MQL4. We will start by completing the blue section of the trading strategy design template, which is responsible for time of day controls. If you recall we want our expert advisor to send buy and sell orders only once at a certain hour of every day. That is exactly what we will implement today.
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Interested in Automated Trading System design? Well this tutorial is exactly what you need to improve your skills!
Today we will turn our Forex trading idea into a holistic trading strategy. Moreover, we will put it all into a fancy looking diagram to help our programming down the track, and I will show you how this is done too!
Enrol in the full course here: https://www.forexboat.com/learn-mql4
In today’s tutorial we will brainstorm and together come up with a trading strategy idea for the GBPUSD. I think it’s important to enjoy what you program in MQL4, and therefore instead of coding something generic in the upcoming tutorials, we will be working on this really cool trend retracement idea. Look inside to find […]
Developing a trading strategy is a very important part of any Algorithmic Trading System (Forex Robot). In fact, it is the basis!
You can’t just go and start programming a system not knowing what you want to get in the end. Sure, your goals may change in the process. However, always before you start you should have a plan in mind or even better – on a piece of paper.
That is why today and in the next two tutorials we will have a short break from programming and focus on developing our trading strategy. In this tutorial we will learn about different types of rule-based decisions, which you might consider for your Algorithmic Trading System.
Enrol in the full course here: https://www.forexboat.com/learn-mql4
In this tutorial we will introduce a new type of program in MQL4 – expert advisors.
In essence, expert advisors (EA’s) are your Forex robots. There are some key differences between expert advisors and scrips, and we will discuss them in this tutorial.
Also, we will create our first test EA and see how it works in the MetaTrader 4 trading terminal.
Source code below video. Important: remember that this is no longer a script – it’s an expert advisor now, and therefore you need to select the associated option in when using the MetaEditor Wizard.
Enrol in the full course here: https://www.forexboat.com/learn-mql4
In this brief tutorial we will recap on all of the knowledge gained in Section 3: System design and trading functions. In this section we covered off some important topics such as how to design basic trading systems, how to incorporate trader input in algorithmic trading systems, what functions are and how to build your own […]
How do we track market orders? Manually it’s easy – you just look at the information provided at the bottom of the terminal. But what if we want to do it from inside a Forex-robot?
Well, it’s also pretty simple – we just need to use the OrderSelect() function to select the order and then we are able to use a range of functions to find out additional information about our order. Today I will show you how to use OrderSelect(), OrderStopLoss(), OrderTakeProfit().
Also, I will give you an extremely useful tip on how to check if an order has been closed or not using the OrderCloseTime() function. This part will be very important when we get to coding our Expert Advisor in Section 3 of the course.
Source code beneath the video
The video below is usually part of a paid course. Here you have the chance to see it for free. Simply enter your details and click “Play”.
This video is part of our Algorithmic Trading course. If you like it, you can check out by clicking the button below:
We have already discussed how to open and close market orders through a FOREX robot. Today we will learn how you can get your Algorithmic Trading system to adjust market orders. In order to do this you will need to use the OrderModify() function.
Modifying market orders is used to adjust the StopLoss (e.g. trailing stoploss), TakeProfit, and other parameters of the orders. In many trading systems it is imperative to modify existing market orders and that is why I have included this topic in this basic course.
Note that in this beginners course we will not be working with pending orders. If you want to learn about pending orders (such as Buy-Limit, Sell-Limit, Buy-Stop, and Sell-Stop) then look at my premium course Algorithmic Trading For Success.
Source code after video
Enrol in the full course here: https://www.forexboat.com/learn-mql4
