At the word "robot", most of us have an image of a humanoid mechanical being. However, in the world of technical systems, there are real robots that do not in any way resemble their master. The endless expanses of the Internet are plowed by automatic programs - search robots, methodically scanning many millions of pages. Robots are also widely used in stock trading. If desired, each trader can come up with, or even reinvent his own mechanical trading system.
Instructions
Step 1
Select a trading terminal for which your future trading robot will be designed. Currently, the MetaTrader terminal enjoys a well-deserved popularity among traders, which makes it possible to fully carry out trading on the Forex interbank foreign exchange market in automatic mode. This terminal has a convenient programming environment that allows you to invent, create and debug mechanical trading systems (this is how trading robots are called).
Step 2
Understand the essence of automatic exchange trading using trading robots. Such systems are designed to carry out routine operations for opening and closing transactions, tracking changes in the price movement of a currency pair, searching for trading signals that determine the moment of a transaction, and for many other monotonous actions. The presence of a robot allows you to reduce the risk of erroneous actions of a trader in manual mode (the so-called "human factor").
Step 3
Learn the basics of the MQL programming language. The terminal of the MetaTrader trader has a built-in help system for the programming language, which you can easily master on your own. The user interface is intuitive and easy to learn.
Step 4
Explore the online trading systems. They are all built on different principles and use different tools. Some provide market analysis based on the previous price movement, others involve the use of indicators. In essence, the task of inventing your own mechanical trading system comes down to building an indicator that allows you to predict price changes with a high degree of probability, and auxiliary executive functions are already attached to the indicator.
Step 5
After choosing a ready-made or developing your own trading strategy, draw up a complete list of clear instructions that will determine the unambiguous behavior of a trading robot when various market events occur. Keep in mind that your own mechanical trading system invented by you will be able to unquestioningly follow only those instructions that you previously entered into the program.
Step 6
Transfer the developed trading algorithm to the software environment using the selected programming language. Perform initial debugging of the program, identify and eliminate possible errors.
Step 7
Test and improve the robot on a demo trading account. It is not easy to devise a mechanical trading system, but it is even more difficult to get it working so that you can get satisfactory results. Remember that a profitable trading system is not just invented, it is born in the mind of an inventor and is gradually brought to life.
