In simpleton talk, can someone explain what is involved in building a robot for Metatrader 4, please?
1) What are the basic steps involved?
2) Must one learn MQL4 or 5 to build a robot?
3) Is there any decent, free or inexpensive, robot building software out there?
4) And any important info I didn't ask is appreciated.
I've only been into forex for a week. Now I'm just studying and practicing with an MT4 demo account. I realize that people will want to discourage building robots for beginners, as one should get comfortable with manual trading first. I agree, but I would like to see what I would be getting into, play around with it a bit. I would like to do some backtesting with Expert Advisors at some point.