MetaTrader Australia » Eas

MQL5 Wizard makes development of Expert Advisors even easier

MetaTrader Global — Fri, 28 Jan 2011 19:48:15 +0000

In late October 2010, as part of the MetaTrader 5 Client Terminal, the MQL5 Wizard was released. This wizard is designed for automatic generation of an Expert Advisor code. With MQL5 Wizard, knowledge of programming languages is no longer a prerequisite for creating trading robots. Earlier it really was an impassable obstacle to creation of trading strategies, but the release of the MQL5 Wizard changed the situation radically. With the new Wizard, the programming experience is not required – the application will do all the necessary work to create an Expert Advisor.

The main advantage of the Wizard is its convenience. The program allows to significantly simplify the process of trading robots development, creating different Expert Advisor modules for you. All you need is set the required parameters and select the necessary components – and the MQL5 Wizard will do the rest. The creation of trading robots has never been so fast and simple. Only four clicks – and the Expert Advisor trading according to your strategy is ready!

Source: http://www.metaquotes.net/en/metatrader5/news/3650

MetaTrader Tips – Expert Advisor Back Testing

admin — Tue, 17 Nov 2009 04:36:59 +0000

To back test an expert advisor (EA) follow the steps below.

Open the Strategy Tester window by pressing Ctrl+R
Select the expert advisor you wish to back test
Select the symbol you wish to back test
Select a testing model (every tick model recommended)
Set a testing period
Press Start

MetaTrader Tips – Expert Advisor Optimization

admin — Thu, 12 Nov 2009 04:03:30 +0000

Let’s look at how to optimize an expert advisor. In the example below we will look to optimize the size of stop loss and take profit.

Expert Optimization Steps

1. Open the Strategy Tester window by pressing Ctrl+R.

2. In the Strategy Tester window, select Expert Properties

3. Select the Optimized parameters ( in our example stop-loss and stop-profit)

4. Enter the initial values of the optimized parameters, step and stop

5. Close the window

6. Select Optimization

7. Choose a model for optimization ( a model “ Open prices only (fastest method to analyze the bar just completed)” corresponds to the most advisors, although for greater accuracy it is possible to test on Every tick (based on all available least timeframes) but then time of optimization substantially will be increased.

8. Press start

9. After completion of optimization, open Optimization result and choose parameters considering a highest income and minimum drawdown. (obviously income should be high and drawdown should be less)

Source: http://www.metatraderglobal.com/612/metatrader-tips-expert-advisor-optimization/

What Is Automated Trading

admin — Tue, 03 Nov 2009 04:41:12 +0000

Modern technologies allow us not only to trade in financial markets using personal computers, but we can fully automate a trading system now. Using a computer program you can relieve yourself from the routine of analyzing financial markets and performing trades.

Our client terminal has all functions that allow you to develop, test and use your trading system. The development environment named MQL4 is integrated into the terminal. MQL4 consists of MetaEditor, Strategy Tester and Compiler.

To view the full article, please visit: http://www.metatraderglobal.com/384/what-is-automated-trading/

MetaTrader 4 – The World’s Most Common Trading Software

admin — Thu, 22 Oct 2009 07:30:49 +0000

Off-exchange retail foreign currency (or forex) trading uses currency from a variety of countries to create a one of the most popular trading markets. We believe that traders-beginners, keen by passion, rush to trade without having a Forex trading strategy.

To view the full article, please visit: http://www.metatraderglobal.com/86/metatrader-4-the-worlds-most-common-trading-software/