Especially in automated forex trading one question comes up very often: What if?
What if one could find a system that would be trading dependable and automated? What if one could reveal a working trade logic without future prediction?
The one thing that I am most excited about in MQL5 is the opportunity to do a backtest again and again - with the exact same historical data - changing one little thing in the settings each time.
That makes it possible to find out if and what changes in a short time span. And you can make the right adjustments in your system afterwards.
Let’s assume for example we would train our automated trading system to close a trade when the profit is equal or higher than $2.
How would it change or improve the end result on a yearly basis if we change that take profit goal to $5?
What would happen if we chose 50 Cent instead of $2? Would we have the same profits in a shorter time span or would we only achieve 25 percent in the same time?
What takes months in real live can be calculated in MQL5 within minutes!
There is a saying, time is money and in this case both is true, because we can save lots of time to get those insights and that will save us lots of money in the long run.
Discretionary traders do not have this advantage. They have to trade many years to get the same insights that an MQL5 system can spit out within an afternoon.
A lot of ordinary traders might not trust automated trading systems, but every successful trader must admit that one fact is true: Nothing can replace own experience!
And that is true for lots of other areas. In our daily life we value people with lots of experience in their field.
Nobody wants a doctor to perform a surgery if he never did one before. We want an expert!
And we are willingly paying good money for experts, that can achieve good results and save us time due to their experience.
So why should one willingly give up the biggest advantage in trading - the chance to gain valuable trading experience in a fraction of the time needed otherwise?
Yes, it takes some time to learn MQL5. But that is also true for reading and writing. Or driving.
If you start today, it might take you a year before you know it. But how much time is going to pass while you don’t learn it? Probably exact the same time span, don’t you think?
There is another fact that no successful trader will argue about: A profitable trading system needs reproducible rules and disciplined execution.
And what is the core part of a rule? It is following a logic law, a formular that is checked and reviewed by a trader again and again.
And every trader does it with computer calculated bars on computer calculated charts and he might use computer calculated indicators anyway - to check them manually. Why not letting the computer do this last part.
So MQL5 is only the last missing puzzle piece you need if you want the valuable answer to the question: What if?
You can start for free: Metatrader5 is free, MQL5 is free, Metaeditor is free, this tutorial is free and a demo account is also free. Why wait?
Open a demo account for MQL5 to start automated trading with Metatrader5. Demo accounts are free but allow you to trade like you would do with real money.
Metatrader5 must be connected to your demo account to start with your MQL5 automation. In this video you will learn how...
Before MQL5 trading works you need to allow it in the Metatrader5 settings...
Charts are a visuable way to display information. Learn how you can adjust the look exactly to your needs...
Now it is time to create your first MQL5 Expert Advisor for Metatrader5. Don't be afraid, it is a very easy example...
With Metatrader5 comes a strategy tester that will allow you to do so called backtesting - a good way to find out if your trading strategy is profitable...
Make your first profit with an MQL5 Expert Advisor that YOU created. See the Attachment for the source code...
To become profitable with MQL5 you need to practice and find out what works and how you can improve your results. Learn MQL5 now - and enjoy the benefits of automated trading!
Trading Robots are sold everywhere. You might know how these things are sold. But there are good reasons why you should take the time to learn and understand MQL5...
Most traders fail and make a big loss in a short time. Actually 80 to 90 percent fail and there is a reason why...
Who am I ? And why should you trust me?
I am not a millionaire. But I make real money besides my fulltime job while I am working. I founded my own capital business named Crowdcompany UG. My name is Raimund Bauer, I am 45 years old, happily married and the father of two nice girls.
I live in the Eifel in Germany (so please forgive me my mistakes). I have invested unlimited ammounts of time and money to earn a nice income, while I work in my fulltime job or enjoy the weekend with my family.
It took me more than three years to figure it all out and I hope to to save you some time and pain with my courses and make a few extra bucks here on Udemy to support my own family. I promise to be honest and helpful and I would enjoy to hear from your progress and success-stories. I really like the idea that I could help some families to make a decent extra income without hard extra work and long hours that you have to trade for a few dollars.
Everything I am going to teach you will be proven in the courses. Take my word for it, or take your money back with no questions asked...
What is in it for you?
If you need money desperately, like I did in 2008, you can do, what I did and try to figure it all out yourself. It is possible and you will learn a lot of things that you never wanted to learn.
You might also experience painful setbacks and people will tell you that you waste your precious time. Damned, I can not tell you how often I was convinced that it would be wise to give up and work on another job at the gas station. But nobody will pay you a dime in your spare time.
I learned from people like Anthony Robbins, Jim Rohn, Robert Kiyosaki, Pat Flynn Earl Nightingale, Chet Holmes, Brian Tracy, Zig Ziglar, Dale Carnegie, Dan Kennedy, Jim Hodges, Andrew R. Young, Michael Voigt, Birger Schäfermeier, Carsten Umland, Van Tharp, Jack Schwager and several other guys. This is the essence of what I learned. If I had one of these courses in 2008, it would have taken only a few weeks to make good progress. And progress is what you might desperately need right now, don't you?
Why should you buy today?
I learned something. If I had taken a course ten years ago and if I had understood cash flow and invested one week and $100 to improve my own future, I wouldn't need to go to a job I don't really like today. The magic word is leverage.
If you miss to start something today, it will cost you huge money in the future. Nobody will pay you a dime for an hour of work that you did at the gas station last year.