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Forex EA generator can create amazing money-making robots for you without requiring any programming skills or other technical skills. We call it which is a very easy to use Expert Advisor generator. You can easily develop an application that automatically makes trades on your behalf. In this article, we’ll talk about how to create trading robots with the forex EA generator from. What is Forex Expert Advisor Generator? A forex expert advisor generator is an online-based application that can help you in creating profitable automated trading strategies without a single line of code. Instead of using an EA builder or hiring a programmer to develop a robot, the expert advisor generator eliminates the time consuming and often difficult process of creating an EA and automates the entire process for you. With this online-based tool, you can develop reliable robots and deploy them both to the and trading platforms.
You do not need to be a programmer or possess some genius technical skills to start using this forex strategy generator. You only need to choose what indicators you want to use, input few simple trading criteria into the robot generator, and the rest of the magic will be automatically completed for you.
The tool will automatically create an EA and backtest its profitability using its in-built platform features. Since the backtesting results are provided real-time, you can modify your trade entry and exit rules until you come up with a strategy that best fulfills your needs. Here are the core components of the Forex Robot Factory EA generator.
• Generator: This component automatically creates and backtests the provided strategies. You can also use the Reactor mode to automate the entire EA creation process. • Collection: This component stores the generated strategies, allowing you to sort them according to their profitability as well as other parameters. • Editor: This component enables you to create and edit strategies before exporting them as MQL files. You can backtest your trading rules against historical data in seconds and sufficiently refine them before using them for live trading.
• Optimization tools: The EA generator has various tools for optimization of trading rules against a wide range of trading conditions. • Validation tools: These include stress tester (Monte Carlo), multi-market tester, and anti-curve-fit tester (IS/OOS). • Report: This section gives comprehensive details about each strategy’s testing results. • Exporter: This feature allows you to conveniently export the created EA to your MetaTrader platform. • Reactor: This is one of the best components of the Forex Robot Factory. The Reactor is a new and easy way to automate the workflow of trading strategy programming, backtesting, optimizing and stress testing to find your best Forex Robots today.
What is a Forex Robot? A also referred to as an Expert Advisor, refers to a software with inbuilt trading rules that automatically determine when to enter or exit the market. Automated trading systems are ideal for overcoming the disadvantages of manual trading and providing you with a profitable method of earning massive profits from the forex market. With expert advisors, you can trade non-stop, eliminate emotion-based trading decisions, and greatly reduce trading errors. If you still rely on the traditional manual trading methods, you are prone to making greed-driven trading decisions, making silly trading mistakes due to fatigue, and increasing your losses due to ill-timed decisions.
Manual trading typically glues you to the computer screen; otherwise, you’ll miss those ripe trading opportunities. On the other hand, robot trading eliminates that need and provides you with the freedom you need to effortlessly earn massive profits from forex trading. After you’ve put your strategies into a robot, your trades will be automatically executed without your direct intervention. Furthermore, you can program multiple strategies into expert advisors and greatly increase your profits, something difficult to achieve with manual trading. Create Expert Advisor Without Programming For a long time, creating an expert advisor for MetaTrader 4 required that you have advanced programming skills and other technical skills. However, presently, it’s possible to create expert advisor without programming skills or hiring the services of a programmer.