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MQL4 Expert Advisor Development: Build Your Own Forex Bot

Master MQL4 for Forex trading! Code your own automated trading bots, implement risk management & backtesting. Includes VPS setup.

4.4(5)
13students
8h 26m
Certificate
Charles Ray Lorenzo
Charles Ray LorenzoIndependent algorithmic trader

Course Content

MQL4 Expert Advisor Development: Build Your Own Forex Bot is an all-levels Udemy course taught by Charles Ray Lorenzo. It runs 8h 26m, is taught in English, and includes a certificate of completion. Learners rate it 4.4 out of 5 from 5 reviews, with 13 students enrolled. It is a paid course, last updated October 2023.

Unlock the power of automated trading with our MQL4 Expert Advisor Development course! This comprehensive program guides you from a complete beginner to an advanced MQL4 programmer, empowering you to build your own Forex trading bot.

Discover the advantages of trading automation and gain hands-on experience with the MetaEditor and MetaTrader platforms. We'll cover the fundamentals of the MQL4 programming language, including essential concepts like:

  • Variables: Learn to store and manipulate data within your code.
  • Arithmetic Operations: Master calculations for trading strategies.
  • Logical & Relational Operators: Implement conditional logic for precise trading decisions.

Delve into the world of trading tools:

  • Indicators: Explore popular indicators such as Moving Averages, RSI (Relative Strength Index), and ATR (Average True Range).
  • Scripts: Automate tasks beyond trading, enhancing your trading workflow.
  • Expert Advisors (EAs): The core of automated trading – learn to create your own!

Gain practical skills in:

  • If/Else Statements: Implement conditional trading logic with real-world examples using popular indicators.
  • Risk Management & Position Sizing: Crucial for protecting your capital. Learn to use MetaTrader functions like accountequity, accountbalance, and iATR for informed decision-making.
  • Global & Extern Variables: Enhance the dynamism and flexibility of your Forex bot.

You'll build a practical script to automate stop loss and position sizing based on your account equity and defined risk percentage. The culmination of the course is creating your own custom EA from scratch, and mastering backtesting to rigorously analyze its performance before deploying it live.

By completing this course, you'll possess a strong understanding of the MQL4 language and the ability to build and customize Forex trading bots. Take your trading to the next level and start automating your strategies today!

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