【Q35】Please tell me about automated trading

Q35. Please tell me about automated trading

A35. In MT4, you can run automated trading programs called "Expert Advisors (EA)"

Benefits of using EA

• You can create logic that you designed
• You can earn even while working or sleeping
• Trades follow the logic without being swayed by emotions
• If the logic is excellent, you can achieve good results

Notes about EA

• Creating one requires programming knowledge
• You need to keep your PC and MT4 running
• Backtest results are results from past market conditions only
• Forward testing and parameter optimization are important

Solve MetaTrader questions with the 43-question list!

＜Introduction＞

• 01. Table of contents
• 02. Not only chart analysis—things you can do in MT4
• 03. Basic knowledge before/after MT4 installation and initial setup to start analysis

＜Q&A＞

• Q1. How do I open a chart?
• Q2. The chart isn’t candlestick
• Q3. How do I switch timeframes?
• Q4. How do I go back in time on the chart?
• Q5. The chart moves by itself
• Q6. Can I view multiple charts?
• Q7. It sometimes makes sounds. Can I stop them?
• Q8. How to change chart colors?
• Q9. What are the default colors?
• Q10. What items’ colors can be changed?
• Q11. I want to display multiple charts side by side
• Q12. How many charts can be arranged?
• Q13. How to enlarge one of the arranged charts?
• Q14. How to insert technical indicators into a chart?
• Q15. How to insert moving averages?
• Q16. How many moving averages can be displayed?
• Q17. How to delete a technical indicator?
• Q18. How to insert Bollinger Bands?
• Q19. How to insert RSI?
• Q20. How to enlarge the sub-window?
• Q21. How to delete a sub-window?
• Q22. How to insert Stochastics?
• Q23. How to display multiple oscillators?
• Q24. Too many sub-windows make it hard to view, right?
• Q25. How to save a chart analysis environment you created?
• Q26. Can you also save chart combinations?
• Q27. How to draw lines on a chart?
• Q28. How to move drawn lines?
• Q29. How to delete lines?
• Q30. Can you draw short diagonal lines?
• Q31. Can you draw horizontal lines at round prices?
• Q32. Please teach how to draw Fibonacci retracements
• Q33. How to draw figures?
• Q34. How to draw arrows?
• Q35. Please tell me about automated trading
• Q36. How do I create an EA?
• Q37. Is MetaEditor in English?
• Q38. How can I run an EA?
• Q39. If you cannot program, can you still use EA?
• Q40. How to use a custom indicator?
• Q41. What is a custom indicator?
• Q42. Where are custom indicators?
• Q43. How does MT5 differ from MT4?

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