Tuesday, June 30, 2009

Forex Expert Advisors

www.tips-fb.com
So i've been trading Forex only for about 3 months now. I've just been playing with a practice account and a small live account and have not be able to make to much money. I'll close several profitable trades and then one big fat loser will wipe out most, all, and sometimes more than i've profited on the session. I had used custom indicators, market alert services, even just basic fundamental research and technical analysis to no avail. So i decided to look for something else.

I've just recently started letting an Expert Advisor trade my MetaTrader 4, practice account. An Expert Advisor is essentially a "Forex Robot" that makes trades (hopefully profitable ones) on your account for you. These Expert Advisors are really programs or Algorithms written in MQL4, a programming language that is included in the MetaTrader 4 software

Though I've only had it running on this account one day, i am up about 3 percent. Not bad for a single day, though way too early to determine anything with out speculating. But then again, thats exactly what I do when i trade Forex, so im gonna go ahead and speculatively say that this will eventually be a profitably endeavor.

No comments:

Post a Comment