Choose any format MP4, AVI, MOV, WMV or other and your video will be ready for viewing or sharing in no time. Save the result in your choice of format. Record your voice over, transfer videos from AVCHD cameras or TV tuners. Like the basis for entry (except in the inverse case), when the SMA creates a death cross, we can use this signal for closure of our trade, if any trades are open.Explore and add to your film the built-in collection of backgrounds, tunes, sounds, and videos. As a best practice, the result is stored in the ticket variable and later checked for a positive return value so as to handle any error that may have been reported from the broker's side. We use OrderSend, which is provided by MQL4, to open the trade. Here we check for the return of the CheckForCross function we defined prior, after loading it with our two SMAs defined by the iMA technical indicator. Print("Error Opening SELL Order: ", GetLastError()) Print("SELL Order Opened: ", OrderOpenPrice()) Ticket = OrderSend(Symbol(),OP_SELL, LotsOptimized(),Ask,3,0,0,"Double SMA Crossover",MAGICNUM,0,Blue) Print("Error Opening BUY Order: ", GetLastError()) Print("BUY Order Opened: ", OrderOpenPrice()) If(OrderSelect(ticket, SELECT_BY_TICKET, MODE_TRADES)) Below is an example of a function that will be called on every tick of market data: void OnTick() MQL4 is similar in its form to PHP, C, C++ or VBScript. For the reasons of ease of functionality and general support for financial software, I highly recommend using MQL4 (MetaQuotes Language 4), the native language of MetaTrader 4, to write your algorithm trading robot. Processing market data could be achieved in a plethora of languages, and probably to a faster extent than the MT4 MQL4 can run back tests (back tests are a way of testing your algorithm robot more on this later). There are many languages which would be suitable for writing an algorithm trading robot from scratch, but the complications that you will encounter are in fact with the API to direct market access that your stock broker will provide-that is how you will actually enable yourself to place the trade orders in the financial markets. Once you have configured MT4 on your desktop, we can continue to creating our own Expert Advisor algorithm trading robot. They will then be able to give you your MT4 login credentials.Īll brokers will offer a demo account, and you are encouraged to always use the demo account for writing and testing your software. Once MT4 is running, you will need an account with a broker that supports MT4. Please download MT4 from their website and install it on your machine. The wins may be epic, but the unattended losses far grander. Monitoring an active robot and the current trades, in conjunction with keeping an eye on the economic calendar and events, is very different from letting it off wild and hoping for the best. This strategy of totally hands-free trading is not one I promote-nor is it one I ever use and have found profitable at all. You could literally make money passively whilst you continue with your day-to-day life. If you like to run completely on auto-pilot, this could be achieved without any interaction at all. While loss is a possibility, you can also multiply the account and make it grow exponentially while you sleep. You are responsible ultimately for the trades, even if program code is placing them for you. You need to be aware, before continuing with this guide and even contemplating using your real, hard-earned cash, that you can lose all your deposit in your brokerage account from your code (and maybe in worst cases more with some brokers if additional charges apply) In 2013, Goldman Sachs had serious faults in their trading algorithms that cost $100 million. In fact, even the big investment banks have had to pull the plug on their trading robots before the loss became fatal. Taking emotions out of the equation is one measure, but this does not mean robots cannot lose. Using an Expert Advisor algorithm trading robot in Meta Trader written in the MQL4 language is one way of accessing the market via code, thus taking the emotions out of the picture and working with just the numbers and your program logic. Whether your stance be bullish or bearish, the ability for the trader to make money is always present-as is the ability to make a loss.įar too often, emotions, psychological mind traps and mental discipline stand in the way of profits and are the main reasons 95% (or more ) of all new traders lose all their investment capital in the first month. There is always a potential for profit in the market as you can place trades in either direction. The world's financial markets offer you a huge potential for profit and loss.
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