Imagine that a typical trading day begins with a trader waking up and being excited about new trades he could make. The trader then turns on the computer, reads his broker’s reports, opens up his charts to start looking for potential opportunities – extra resources!
Metatrader Metatrader Expert Advisor 5: Missed opportunities
He fills his charts with support, resistance, and trend lines to make sense of the information these patterns give him. A looming chance is spotted and he waits to make the entry. As he is working full time, he cannot wait all day to get the right signal. His passion is trading, but he does not have the luxury of extra time. He is usually not available to trade when an opportunity arises.
This trader may be a professional full timer who can monitor the market throughout the day to execute the trade at the perfect time. The trader will take advantage of an opportunity when one arises, and hesitate to leave a losing position when the time comes. His belief that his market analysis will always be right, even if the markets tell him otherwise, causes him to hold on to losing trades. Lets his emotions control him. His confidence is affected by the emotional ride and stress he has to endure each time.
Isn’t this familiar?
The Expert Advisor Metatrader 5, Finally a Solution
All these problems can be solved. This solution eliminates all the boring work that comes with manually watching the market to see if the signal is there, then monitoring it until the exit. This is done by using an expert adviser metatrader 5, found on all Metatrader platforms.
Metatrader 5 (MT5) allows a user to build his or her own custom Expert Advisor Metatrader. This EA will analyze, monitor, execute and trade automatically according to a traders own trading rules. A trader must know, or be able to find out how to build an Expert Metatrader.
Programming an Expert advisor Metatrader 5 is not easy. Trading software must be tested for bugs and improved to fit the manual strategy of the trader.
Imagine the trader’s delight if his analysis of his chart, such as trendlines, critical lines and support lines, could be used to automatically execute trades. It allows the full potential of chart analysis to be utilized without the traders having to watch the price to see if it has crossed the critical or trend lines.