Forex Trading Robots

A foreign exchange trading robot is a computer
program that can fully automate a trading system
for you. You can relieve yourself from the routine
of analyzing foreign exchange markets and performing trades.

MetaQuotes Language 4 (MQL4) is the build-in
programming language in the MetaTrader 4
Trading Platform (MT4).

MQL4 consists of 3 tools:

1. MetaEditor
2. Strategy Tester
3. Compiler

With these tools, you can develop:

Expert Advisors (EA)

These are the programs that allow you to automate both analyzing and trading.

Custom Indicators

Customize your own technical indicators that are similar to the ones embedded in the MT4
platform. They can help you analyze the markets.

Scripts

These programs can automate repeated operations for you.

With MetaEditor you can develop your own trading system. Using Strategy Tester, you can test your
system on historical data and evaluate the systems profitability and other possible probabilities.

Now, programming your own trading system does that time and effort. It’s much easier to purchase
one, but not all forex robots do well. ForexReality.com is doing detail research, analysis, and
documenting of how these systems really work in ‘REALITY’. But if you want to create your own,
you can start by visiting the MQL4 Community website. At the website, trading system developers
meet to develop strategies, share their codes, and publish articles.

What’s available at the MQL4 Community website:

MQL4 Programming Language Documentation

You will find detailed description of how the language works.

The Code Base

You will find a huge database of published codes, many for free, useful Expert Advisors,
Technical Indicators, and scripts.

Problem Solving Articles about Programming Trading Systems

You can publish your own problem solving articles and get paid. Or you may find published solutions to your programming problems you’re having.

Developer Forum of Trading Systems

You can publish your own problem solving articles and get paid. Or you may find published
solutions to your programming problems you’re having. You can ask questions in the forum
that will get answered by experienced and qualified developers.

There are over 300 brokerage companies and banks all over the world that use MetaTrader 4 as their premium
trading platform. Now, you can test-drive the next version, download MT5 beta.