We have accumulated experience on how to create expert advisor for metatrader 4 and consider ourselves one of the few people in Italy who work in a serious and satisfying job.
I write because I like to share some important aspects of trading on line with expert advisors for those who are going to decide to develop a new system for online trading. These are some notes that I always keep in mind and that definitely can make comfortable at all.
When you are creating a trading strategy online you have to take into account the following aspects:
- The input trading signal (trading patterns or whatever you want to call it) must be recognizable in an objective way, as the expert advisor can never recognize signs of online trading that arise from pure subjective intuitions
- trading signals must always be filtered with the use of other indicators / oscillators in order to eliminate false signals
- trading signals need to be confirmed on at least 2 timeframe, such as M30 and H4
- each investment must provide a risk / reward ratio of at least 1:2, preferably you can build a relationship R / R 1:3 or 1:4
They may seem simple and basic rules unnecessary but we realized that 80% of our readers have never thought about these issues.
Many times there was enough to adapt some of the strategies of online trading with the above rules to create a winner expert advisor.
If you are interested in building a market strategy that meets these conditions please contact us via email at info @ tradingonline-news. com