Forex buy and sell expert advisor

MT4 EA Course: Buy And Sell

This article is part of a series. Here are the other parts:

 

Welcome to the fourth part of our MetaTrader4 Expert Advisor course! If you haven’t done so, please have a look at first three instalments.

Forex Wall-E

 

Up until now, we’ve just been working with buy orders. But we’re traders, not investors! So rather than a buy-only system, it would be nice if our expert advisor could also short the market. In other words, we want to support going both long and short; buy and sell. We’re still working on our Forex Wall-E expert advisor, so let’s continue where we left off!

 

 

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Expert advisor trailing stops code

MT4 EA Course: Trailing Stops

This article is part of a series. Here are the other parts:

 

Welcome to the third part of our MetaTrader4 Expert Advisor course! If you haven’t done so, please have a look at first two instalments.

 

Forex Wall-E

In this part, I want to discuss stops. We’ve seen how to create an order with a simple pip-based stop in the previous article. What I want to look at this time, is how to implement dynamic, trailing stops. We’re still working on our Forex Wall-E expert advisor, so let’s continue where we left off!

 

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Turtle traders rules

A free turtle traders forex expert advisor

Ah, the turtle traders. The legendary experiment.

 

The stuff that makes the hearts of all traders tingle with excitement. No? Well, it makes me excited at least, don’t judge 🙂

 

The Turtle Traders Experiment

 

“We’re going to raise traders just like they raise turtles in Singapore.”

 

Set in the 1980s, Richard Dennis (one of the most successful traders back then) strongly believed that trading could be taught. When he started out his plans to teach a group of 23 people to become great traders, many were sceptical though. This is how it worked: he gathered a small group of traders – the Turtles – and gave them a 2 week training course on a simple trend following system. With these clear instructions, the turtles were given a trading account and had to trade the rules they were taught for one month. After the month, the ones that were successful were given a larger trading account from Richard’s own money to trade.

 

Money

 

Fast-forward 5 years and his turtles had earned an aggregate profit of $175 million. The experiment was an enormous success and showed that given a simple set of rules, anyone could be made a successful trader. Some of the original turtles went on to keep trading under their own accounts and were incredibly successful at it.

 

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