Watch high-speed trading in action
With this new MQL5 Wizard, you no longer need any programming experience. This application will do all the necessary work to create a trading robot for you.
The Bottom Line Many traders aspire to become algorithmic tradersbut struggle to code their trading robots properly. These traders will often find disorganized and misleading algorithmic coding information online, as well as false promises of overnight prosperity. However, one potential source of reliable information is from Lucas Liew, creator of the online algorithmic trading course AlgoTrading As of Augustthe course has garnered over 33, students since its launch in Oct.
Practically every Expert Advisor contains three modules — signals, money management and trailing stop. Due to the fact that the modules can be implemented in various ways, there are a lot of possible combinations of Expert Advisors.
With the MQL5 Wizard, every trader can construct trading robots based on their preferences. The only thing needed is to specify the desired parameters and select the necessary components.
We do not have time to learn something new, and this is a normal attitude of a normal human being. Traders are people just like everyone else, they want to get maximum results for the minimum of effort. There are several articles describing how to create an automated trading system using the wizard, including a "light version" MQL5 Wizard for Dummies and a "version from developers " - MQL5 Wizard: New Version.
The wizard will do all the rest. To what trading signals should your EA respond to?
What money management system should it use? How should the trailing stop be implemented? Answer these questions and use the required modules.
And you can learn how to code a trading bot for your investment needs. The main benefit of using an automated system is efficiency; bots can make much faster decisions using much more available data. They are also less costly than using human labor, which performs the same job less efficiently.
The following video will help you: After the compilation stage, you only need to test the Expert Advisor that you have built out of blocks, and then optimize it by choosing the best parameters. After these steps, you will get a workable Expert Advisor, completely ready to trade in accordance with the selected algorithms.
The creation of trading robots has never been so quick and simple. There are only four steps — and the Expert Advisor is ready to trade according to a user-defined strategy!
Creating MQL5 write a custom trading robot is also an easy procedure.
With the new MQL5 Wizard, the construction of custom trading applications is now available not only to professional developers, but also to ordinary traders who do not have any programming skills. Develop your own trading applications with the desired characteristics and you will realize how quick and easy it is with the MQL5 Wizard!