Building Automated Trading Strategies October 2018 | Page 38

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From the other hand, fully automated systems exclude any human
intervention. This category includes Expert Advisors or else Forex
Robots.
Using Expert Advisors
EAs are able to manage any trading operation by sending and executing
trades directly to your broker’s server. All trades include two additional orders
(a stop-loss and a target-profit price). These additional orders can be
automatically re-adjusted anytime.
How to Program an Expert Advisor from Scratch?
Expert Advisors are codded in specific languages, according to the trading
platform that they will be used. For example, if the platform is the popular
MT4 then the language is MQL4 (Metaquotes) and if the platform is
MetaTrader5 then the language is MQL5. If you do not have programming
skills, you can use the EA Builder app presented below (table).
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