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I create a FOREX robot for trade GOLD / XAU

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AvaTrade

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WELTRADE INFO

What is an Expert Advisor in FOREX trading online

Expert Advisor on FOREX trading - an automated trading system is based on an algorithm code MQL programming language - MetaQuotes Language to automatic trade on MetaTrader 4 platform (mt4). Has the ability to conduct trade automatically without human intervention. FOREX Expert Advisors - EA - (FOREX robot, mql4 robot) can be fully or partially automated.

In the first case a trade is carried out in the currency market FOREX fully automatic. The Robot do buy, sell orders, alter the levels of StopLoss and TakeProfit orders, move a StopLoss order closer to price on the FOREX market, conduct analysis of the situation on the market, is calculated complex mathematical parameters.

In the second case is perform the same volume of work, but expect to confirm a FOREX trader. The Signal to open orders may be in a time, which was formed good situation on charts in day or in night. In this case, a fully automatic FOREX robot is more appropriate.

The robot can be an assistant for FOREX trader in the trade. In trading on the FOREX market - traders have to carry out the analysis of the chart, build support and resistance lines, count distance in points from the High to Low, Open and Close of prices, and others. The FOREX robot or mql robot does this automatically and displays to chart to make a decision by trader.

Warning: the trading of financial instruments is a risky activity and can bring not only profit, but also losses. The size of the possible loss is limited to the size of the deposit.