Automated Forex Trading...is it a myth. If not who can you trust?

[HuRoN]

I've been searching for some time now to come across a script (developed for the MetaTrader4 platform). I've heard that - based on market action - the script automatically executes trades, and is able to produce consistent returns of over 300% within a set time frame. If any-one knows how to script for the Metatrader4 platform this would also be of great help as I currently have a system that once automated for me on the platform would give profitable returns. Through back testing and live trade for the past six months the system has never failed.

[In2Blues]

I've been searching for some time now to come across a script (developed for the MetaTrader4 platform). I've heard that - based on market action - the script automatically executes trades, and is able to produce consistent returns of over 300% within a set time frame. If any-one knows how to script for the Metatrader4 platform this would also be of great help as I currently have a system that once automated for me on the platform would give profitable returns. Through back testing and live trade for the past six months the system has never failed.

What you're looking for is called an EA (Expert Advisor). There are many of them all over the Internet in various forums and they can do various things, depending on what their creator wants to do.

You can search Babypips for "MT4 programmer", "EA programmer", or something similar.

If you can't find it here, try Forex Factory. They have a dedicated MetaTrader forum where people post their EA's and will help program your system for you.

Hope this helps.

Terry

[20neo]

What you're looking for is called an EA (Expert Advisor). There are many of them all over the Internet in various forums and they can do various things, depending on what their creator wants to do.

You can search Babypips for "MT4 programmer", "EA programmer", or something similar.

If you can't find it here, try Forex Factory. They have a dedicated MetaTrader forum where people post their EA's and will help program your system for you.

Hope this helps.

Terry

Forex factory have a whole subforum dedicated to metatrader. There you can find some really very useful posts. Expert Advisor are available in almost all the forums but I think you should try Forex factory.

[Harry]

Forex factory have a whole subforum dedicated to metatrader. There you can find some really very useful posts. Expert Advisor are available in almost all the forums but I think you should try Forex factory.

There is lot of information about meta trader in the forex factory forum. I am sure you will find what you are looking for there in Forex factory. Its good forum on forex trading.

[Moddy]

Forex factory is excellent forum about forex and important thing is that they are having a hole sub forum dedicated to MetaTrader4. I am sure you will find solution to your problem/doubt there.