This strategy of totally hands-free trading is not one I promote-nor is it one I ever use and have found profitable at all. You could literally make money passively whilst you continue with your day-to-day life. If you like to run completely on auto-pilot, this could be achieved without any interaction at all. While loss is a possibility, you can also multiply the account and make it grow exponentially while you sleep.
MQL4 REFERENCE MANUAL CODE
You are responsible ultimately for the trades, even if program code is placing them for you. You need to be aware, before continuing with this guide and even contemplating using your real, hard-earned cash, that you can lose all your deposit in your brokerage account from your code (and maybe in worst cases more with some brokers if additional charges apply) In 2013, Goldman Sachs had serious faults in their trading algorithms that cost $100 million. In fact, even the big investment banks have had to pull the plug on their trading robots before the loss became fatal. Taking emotions out of the equation is one measure, but this does not mean robots cannot lose. Using an Expert Advisor algorithm trading robot in Meta Trader written in the MQL4 language is one way of accessing the market via code, thus taking the emotions out of the picture and working with just the numbers and your program logic. Whether your stance be bullish or bearish, the ability for the trader to make money is always present-as is the ability to make a loss.įar too often, emotions, psychological mind traps and mental discipline stand in the way of profits and are the main reasons 95% (or more ) of all new traders lose all their investment capital in the first month. There is always a potential for profit in the market as you can place trades in either direction. The world's financial markets offer you a huge potential for profit and loss.
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