A complete beginners guide to EA trading & MT4 installation How to forex trade using MT4 Expert Adv
A complete beginners guide to MT4 Forex Trading Robots Is the most comprehensive video tutorial I have done. Forex trade using MT4 Expert Advisors or Manual Trading is Ideal for the newbies and experienced traders alike. The tutorial is in two videos/ parts: firstly, the tutorial will cover the whole MT4 setup from the time you registered with your broker and setting up the Robot to trade for the first time. As always, you must test the setup and the robot on a demo and treat the demo as a live account. Secondly, part two is a video demonstrating the active trading and reporting the outcome of 30 days test. I expect this part 2 video will be ready by end of August 2022. Perhaps we'll compare notes in August 2022 ? Or, Check this channel out and look for the update of progress below.
It is crucial that you learn to read the trends. I have other videos covering indicators and trends. With practice you will gain the experience of the "art of forex trends".
The tutorial covers the MT4 installation on your local PC and virtual server (VPS) with the same identical MT4 terminal so that you can trade using the VPS or trade using your local machine, PC Computer. Transferring files and folders from your local machine to your virtual server. This is a tutorial over 1hr long so please take your time and go back to any part of the tutorial that I have failed to explain clearly. It is important that you watch the video from start to finish as there are important complex instructions but easy to understand.
A complete Expert Advisor (EA Robot) installation guide, forex indicators, forex presets, and forex templates. A Robot that is FREE and has proved to me that it is a profit generating robot. You can download all the free materials to setup your own trading terminal.
You'll also see that MT4 installation is not completley straightforward and problems may occur. See how I attempt to resolve this issue.
One last thought. Trade when you are relaxed and with a clear mind. Do not let emotions take over. Speed 2-3 hours a day trading. Do not sit in front of your PC Monitor 8 hours a day or let you automated Robot run 24/7 and out of control. Take time off from trading; the markets will still be there tomorrow! And lastly, if you are confident with your demo trading, start trading with s small live account, around $50 - $100. How long does it take to learn trading? Consider it as a two years apprenticeship. Any shortcuts? Yes, Contact me!!
DOWNLOAD SETUP FILES
Please set your Expert Advisor's time filter to TRUE and your server's time.
https://drive.google.com/file/d/16Key...
You'll need a good, reliable and more importantly CHEAP VPS provider. I have two terminals setup for the same MT4 account; one on my local PC and an identical MT4 Terminal with a Vitual Server (VPS). You'll soon learn the advantage of doing this setup.
Check this link URL out for more information:
https://tinyurl.com/23xza7wz
CURRENT BALANCE:
17/07/2022 Opening Balance $5,000
18/07/2022 Today's Balance $5,043.37 +$43.37 $43.37
19/07/2022 Today's Balance $5,067.56 +$67.56 $24.19
20/07/2022 Today''s Balance $5,140.19 +$140.19 $72.63
22/07/2022 Today's Balance $5,006.74 +$6.74 ($133,45)
I left the EA to run without checking. The trend was going the wrong way. I
managed to stop the trade from going into the red. Continue on Monday . . .
25/07/2022 Today;s Balance $4,929.77 -($70.23) ($76.97)
Monday's trading has resulted in a total loss of $70.23 and the EA is not performing well,
The high spread and slippage also contributed.
26/07/2022 Today's Balance $4,998.22 -($1.78) $68.45
27/07/2022 Today's Balance $5,034.51 +$34.51 $36.29
28/07/2022 Today's Balance $5,077.94 +$77.94 $43.43 (11 days incl. weekends)
29/07/2022 Today's Balance $5,081.94 +$81.94 $4.00
The EA remains in profit but spread at 1.8 is high. The original test was on a spread of 0-0.3
01/08/2022 Today's Balance $4,529.94 -$470.06 ($552.00)
This EA is not performing well as I had thought originally. The time filter is not working and
is trading the Sydney session, which I do not want it to do. I will report back in the next 7 days. Cheers.
16 August 2022:
The new balance is now $3.158.24 and the EA (Irins Expert) has not performed well. It does not appear to work on Vantage nor FXPro, infact some indicators does not work at all. I have had success using Tickmill and ICMarkets and suggest that you give this a go on their demo accounts.
I will continue to test Robots out and keep you informed.