Title: Mt4 Expert Advisor
1Boosting Your Forex Tool Capabilities With MT4
Expert Advisor Patterns
2 As traders are getting more sophisticated, so is
the advancement of trading platforms and MT4
Expert Advisor. The problem is that the
strategies used by the traders are getting more
complicated with steps that the advancement of
trading platforms is unable to handle.
Question What is a trader to do to solve his
problems? Answer Using MT4 Expert Advisor
creatively could be the solution to a traders
problems.
3Challenges Without Using MT4 Expert Advisor
4Limitations of a MT4 Platform
- Trades have to be placed manually.
- Pending orders made are restricted to just
horizontal lines plotted. - Traders are conditioned to think that
technical analysis is just based on horizontal
lines only due to usage of MT4. - Existing Forex tools are limited in MT4,
restricting traders to a few execution methods. - Even with the availability of MT4 Expert
Advisor feature, it is hard for a typical trader
to develop his own MT4 Expert Advisor due to
possible lack of programming knowledge.
5What A Typical Trader Goes Through
- Too time consuming to monitor charts all day
long for signals. - Stuck at the seat for too long to execute a
trade waiting the right signal to come along. - Afraid of pulling the trigger to enter or exit
due to emotions. - Trade management too stressful to handle
whether in profit or loss.
6- Tedious of having to manage several signals and
trades across a number of currency pair charts - Unclear and complicating trade signals which
trader unable to spot clearly (visual) - Forex education too expensive and professional
forex tools unavailable
7What Happens to a Typical Trader
8What a Trader Needs to Do Urgently
9Develop Forex Tools Using MT4 Expert Advisor
In order to achieve such a state, a trader has
to use the superb open-based feature which is the
MT4 expert advisor. This is to tap upon the
potential of customizing his own trading tool to
suit his charting needs. In addition, he has to
obtain the services of a freelance programmer to
develop a MT4 Expert Advisor or even more
effectively by building up a team of programmers
to further develop his customized MT4 Expert
Advisor.
10MT4 Expert Advisor Summary
As the current MT4 tooling capabilities only
allows a trader to plot charts but not trade off
them, this is very inefficient and therefore
traders will lose opportunities just because they
cannot be there when the signals appear. It
will be amazing if having charting tools can help
traders get notified for trade signals easily and
choose to trigger trades immediately without
interference with any kind of sloping line
drawn.
11 This is will provide the trader with a visual
overview of what his whole trade process will be
like at a glance. This is the future of visual
trading. All of these will happen if only traders
embrace the MT4 expert advisor feature to
immediately boost their charting tools.
12 What if you just couldnt trade Forex
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