Expert Advisors (EAs) are programs that run on the MetaTrader platform, used to monitor and trade financial markets using algorithms: finding opportunities according to set parameters, then either notifying you or opening a position automatically. And once your position is open, an EA can add close conditions including stops, trailing stops and limits.
You could, for example, use an EA to monitor a few key markets, alerting you when it finds a chance for potential profit. Or you could open multiple positions each day with little human input.
For most traders, EAs are primarily used for forex trading. But you can use them to trade any market that’s available on your MT4. If you’re an IG client, for example, you can use an EA to trade forex, indices, cryptocurrencies and commodities on an enhanced MT4.
From a psychological point of view, the forex expert advisor is irreplaceable. A trader decreases the responsibility for decision-making, and the trades become less stressful. The trader does not need to have an in-depth knowledge of technical and fundamental analysis, since all the calculations are already included in the program. Besides, the advisor is able to handle the trading signals even when the trader is absent from the workplace.
Forex Expert Advisors for MetaTrader4 are written in the MQL4 programming language. This language was developed by the manufacturer of the trading terminal specifically for writing expert advisors. It allows the trader to program the trading system without any difficulty, which will trade in online mode day and night. Programmers familiar with this language will not have any difficulty in doing the job. For ordinary users this will be a more difficult task.
You can create your own technical indicators for more effective work by the advisors. They will be a great addition to the existing indicators in the MetaTrader4 terminal. The purpose of using advisors indicators is to implement analytic functions and generate trading signals.
The MetaTrader4 trading terminal has several built-in expert advisors. They have the function of an independent trading system and dub the trading signals. They are very popular among beginners and were created specifically to demonstrate the abilities of programming the MetaTrader 4 Client Terminal.
The possibilities in creating your own advisor are simply dazzling. You can set various orders by price and time, automatically open the counter orders, etc. These programs are able to replace the trader at their workplace
renkoscalper.com is a MQL4 developers team which produces professional automatic trading solutions for nearly 5 years. We would like to share our coding experience with all the people who cannot code, but are interested of automatic trading and would like to get a professional software. We will provide you our unique Forex EA automatic software trading robots which you can take as a great opportunity to earn money on Forex markets. This is a new innovative and automated way to save time and money! All our products are unique and original.
We offer many kinds of Forex EA, Indicators along with other tools based on best trading strategies, so all kinds of investors could find something useful and what fits their trading style best! We are also here to help people getting common sense about currency markets by providing various tips and articles with useful information.
Our goal is to help people who are interested investing in Forex markets using automatic, manual and semi-automatic systems.
Our mission: develop best global trading solutions so that every person on the planet would be capable of using and help developing latest trading technologies.
We collect several different types of information for various purposes to provide and improve our Service to you.
While using our Service, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you (“Personal Data”). Personally identifiable information may include, but is not limited to:
We may use your Personal Data to contact you with newsletters, marketing or promotional materials and other information that may be of interest to you. You may opt out of receiving any, or all, of these communications from us by following the unsubscribe link or instructions provided in any email we send or by contacting us.
We may also collect information on how the Service is accessed and used (“Usage Data”). This Usage Data may include information such as your computer’s Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that you visit, the time and date of your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
Cookies are files with a small amount of data which may include an anonymous unique identifier. Cookies are sent to your browser from a website and stored on your device. Other tracking technologies are also used such as beacons, tags and scripts to collect and track information and to improve and analyse our Service.
You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our Service.
Examples of Cookies we use:
renkoscalper.store uses the collected data for various purposes:
renkoscalper.store may process your Personal Data because:
renkoscalper.store may disclose your Personal Data in the good faith belief that such action is necessary to:
The security of your data is important to us but remember that no method of transmission over the Internet or method of electronic storage is 100% secure. While we strive to use commercially acceptable means to protect your Personal Data, we cannot guarantee its absolute security.
If you are a resident of the European Economic Area (EEA), you have certain data protection rights.renkoscalper.store aims to take reasonable steps to allow you to correct, amend, delete or limit the use of your Personal Data. If you wish to be informed about what Personal Data we hold about you and if you want it to be removed from our systems, please contact us. In certain circumstances, you have the following data protection rights:
Please note that we may ask you to verify your identity before responding to such requests. You have the right to complain to a Data Protection Authority about our collection and use of your Personal Data. For more information, please contact your local data protection authority in the European Economic Area (EEA).
We may employ third party companies and individuals to facilitate our Service (“Service Providers”), provide the Service on our behalf, perform Service-related services or assist us in analysing how our Service is used. These third parties have access to your Personal Data only to perform these tasks on our behalf and are obligated not to disclose or use it for any other purpose.
We may use third-party Service Providers to monitor and analyse the use of our Service.
Copyright © 2018 Renko scalper - All Rights Reserved.
Powered by Renko