If you want to program your own personal forex robot to run your system on autopilot, you will need an expert advisor creator or builder. An expert advisor or EA is a program that runs on the Metatrader 4 trading platform, which is the most popular platform for building forex robots. Why? Simply because it is specifically designed for this with its own coding language that is easy to follow.

Most of the automated forex trading systems that you will see advertised, like FAP Turbo and Forex Autopilot, are built on Metatrader 4. In fact, if you build your own robot and then find that it trades very successfully for you, you might be able to make a few more million dollars by marketing and selling it just like the developers of those systems did.

However, many people have less ambitious expert advisor creator plans. You do not have to use MT4 to code a whole automatic trading system. You can also use it to send you a quick message when the market seems to be moving in the direction you want. This can be based on any indicators and it is a great way to set up your own forex signals system.

Once you are alerted in this way, you can break off whatever you were doing and access the market to make your own trading decision. This is great for people who do not like to rely on robots to trade for them but at the same time, do not want to be sitting in front of a computer screen all day waiting for a signal.

You can set this up quite simply for yourself either by using the MT4 language, known as MetaQuotes or MQ4, or through an interface called Expert Advisor Builder which will do the coding for you, within certain limits. Here you can input certain parameters such as conditions based on indicators, plus information on your position size etc if you actually want it to trade for you. Then it produces code which you can download and install on MT4 on your own computer.

You will want to test your system thoroughly before going live, of course, but you can easily do that in a forex demo account. You will need to find a broker that is compatible with Metatrader 4 so that you can run your program on their platform. This is quite simple these days and you should not have any trouble finding a way to connect up your new EA with the market through a forex demo account.

Of course, you need to be relatively technically competent if you want to build your own expert advisor. If you just found out how to copy and paste yesterday, then this is probably not for you. However, do not lose heart. You can still get your own forex robot. You can probably very easily find somebody to build it for you, just by asking around on forums. It is now such a simple thing to do for anybody who understands the basics, that you can generally find somebody to be your expert advisor creator for very low cost.

If you do not want the hassle of building your own EA, why not buy one that is pre built? Our top recommendation for a Metatrader EA is FAP Turbo which has been getting great results for ordinary users and in the independent tests that we have seen online.

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Filed under: Forex Robots

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