You can trade on the forex market in automatic mode using trading robots. They must be written in a special MQL language so that they can be installed in the trading terminal, and they functioned without failures on this platform.
How does autotrading work in Metatrader 5?
From the point of view of a trader, in order for autotrading in Metatrader 5 to be organized without failures, it is necessary to find robots or advisors written for this trading platform.
Expert Advisors for MT5 are freely available – they can be found and downloaded. In addition, traders who are familiar with programming can write such a robot on their own by learning the MQL language. Finally, there are many developers on the net who are ready to adapt a profitable manual trading strategy to automatic trading in metatrader 5 for mac m1.
It is worth noting that the MT5 terminal itself has a free library of trading robots called CodeBase. The Metatrader 5 website has simple and step-by-step free instructions on how to download and install a robot that will automatically trade.
Finding a developer, thanks to which auto trading Metatrader 5 can be created for an individual trading strategy, is also not difficult. Programmers writing robots for MT5 can be found on freelance exchanges.
How to create a robot for automatic trading in Metatrader 5?
The official website of the Metatrader 5 trading platform has detailed videos on how to write a robot according to your trading strategy, which can then be launched in this terminal. It is suitable for beginners and amateurs.
For professional developers of trading robots, Metatrader 5 also provides special features and tools:
- a special programming language, MQL5 for writing robots and advisors;
- MetaEditor – for Metatrader 5, a strategy editor is provided, in which the code is highlighted, there is a compiler and a debugger;
- as in the previous version, there is a strategy tester for Metatrader 5, which allows you to manually check your strategy for profitability and make sure that the created robot is profitable;
- finally, MQL5 has a developer community that allows you to share experience, get answers to questions and improve your robots and expert advisors.
Such auto trading has many advantages of features and clear advantages. However, it is worth knowing that there are some disadvantages. Many experts do not advise agreeing to immediate synchronization, because in this case the risks increase, so it is better to wait for more favourable conditions in such situations.
Despite this, the service allows you to automatically copy trades of traders, which is a good tool for potential earnings and increasing your savings. The convenience lies in the fact that you can stop the subscription at any time, despite the fact that changes in indicators are analysed around the clock and without any interruptions, which completely eliminates the «human factor» and any errors associated with human intervention.