What is the knowledge required to build an automated systems and EAs?

Beginner Questions
1

Good morning!
What is the knowledge required in order to build my own forex automared system? what knowledge do I need to build my own EA?
What programming language, tools, courses should I take?
any helpful resources you can recommend me regarding this matter?

cheers!

2

Hi,
For that you should know the MQL coding which is not easy. If you are a programmer and knows language like C, C++ and Meta Quote Language then only you can make your own automated systems and EAs…

To learn coding tutorial are provided in MQL community. From it u can learn meta quotes language and than u can build EAs from meta editor.

If you don’t know coding, better you outsource.

3

thanks for sharing this, im not programming geek but now i know where to start and how i guess

4

I think a lot of traders always forget that you need to have a functioning trading strategy first before you start coding otherwise you would not know what to code. From a coding perspective I think the OP’s question has been answered.

5

Hi dandar,

I think TheLastBear has already answered, but your main 3 (three) things you need, are what conditions to:

  • enter a trade (to produce a positive expectancy, ie: profit),
  • exit a trade (to produce a positive expectancy, ie: profit),
  • manage a trade (to produce a positive expectancy, ie: profit),

The coding/programming is easy compared to getting a strategy sorted out! :slight_smile:

6

I usually manually backtest my simple systems and outsource the more complicated ones. If you have zero experience in coding it might be a better use of your time to just work on developing your system and let others do the coding.

Here’s a basic guide on making mech system parameters: Design Your Trading System in Six Steps | Create Your Own Trading System | Junior Year | Undergraduate

7

thank you…