Lesson 13 - Your First Expert Advisor (Part 1)
In the previous lesson we created our first indicator. Although this indicator wasn’t useful for us as trader, but it was very useful for us as programmers.
The indicators -in general- are very important for the technical analysis of the market in trying to predict the future prices.
But with the indicators we observe the chart then use our hands to sell, buy and modify our orders manually. You have to set in front of your terminal, and keep your eyes widely open.
If you get tired, want to drink a cup of tea or even take a short vacation. You have to consider one of these solutions:
You may rent someone to observe the terminal for you and calling your mobile phone every five minutes to tell you what’s going on. If this employee is an expert, he will cost you the pips you earn. And if he is novice one, he will cost you your capital.
The second solution is using a program to automate your trades.
That’s what the Expert Advisor is for.
The Expert advisor is a program wrote in MQL4 (we are studying MQL4 huh?) uses your favorite indicators and trade methods to automate your orders.
It can buy, sell and modify the orders for you. It enables you to drink a cup of tea and save the salary you gave out to your employee or the bunch of flowers you bring to your assistant wife.
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Why don't download the lesson and enjoy?
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