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Trading robot / EA (Expert Advisor), the topic I have discussed a little in the previous discussion. With the title 'Trading robots vs manual forex trading. This time we discuss how to use it on the Metatrader 4 (MT4) trading platform. This discussion focuses on practice rather than theory.

How to Get a Forex Trading Robot

Alright, let's start with determining a free trading robot or free EA/expert advisor first. Many free EAs can be obtained from forex forums.When entering the dashboard click 'market' then under meta trader 4 click 'expert' then right-click 'free'. Then many free trading robots will appear. You can filter/filter the type of best trading robot you want to use.

Then filter again at least 4 stars to get a good EA. Continue to click 'find'. Choose one, for example, I chose 'SRB grid'. This EA is called SRB because it uses 3 indicators as triggers. Namely S (Stochastic), R (RSI), and B (Bollinger bands). In general, these types of trading robots are grid and martingale. If you don't understand how to use it, it's very dangerous to balance.

How to Apply Robots In Forex Trading

On mt4 select it and click 'strategy tester' then it will appear at the bottom. Select the EA to be used, symbol (pair), model (use every tick for the most accurate results), tick use date (testing date), tick visual mode to see the backtest process. To change EA settings, just click 'expert property' on the right. After the backtest is complete, see the results, graphs, and reports to analyze.

For forward test (ft) or forward test, we just plug it in a demo or real account and see how the EA works. This ft method takes a long time to find out the results. While the bt method can see the results in a short time.

How to operate an EA or expert advisor

There are many parameters contained in an EA, I will discuss in a special discussion about how to set up an EA. Next, we assume we've found a suitable setting for our robot. Then try the EA's performance on a demo account. Tips for operating a forex trading robot. It is mandatory to turn on a laptop or PC that is connected to the internet continuously so that the robot can work.

Or rent a VPS (Virtual Private Server) which is a virtual PC that we can access from a PC via a remote desktop connection or through a smartphone with the RDP application. For the detailed method, see the discussion on how to use a VPS for forex trading.

Tips for using EA in forex trading

Although EA can run automatically, it depends on the program that we provide. So be careful entering parameters, especially lot size, basket take profit, multiplier (for ea grid and martingale). It is highly recommended to do a backtest and then save the test results. How to save the settings is by clicking the 'expert property' on the right.

Then click save and open a file explorer where the settings are saved, name them according to taste and save again. The file will be in the form of the filename.set, if you want to use the settings, just load it by clicking on the expert property.

Use a trusted VPS, I recommend using a VPS from a social VPS or computer city. That's what I usually use so far. For those who are new to using robots. I recommend using a free trading robot and installing it on a demo account.

Today, millions of people across the globe are facing problems related to personal finance and are desperately seeking permanent solutions. If you're one of them or you simply want to maximize your earning capacity, then you have come to the right place.

We welcome you to our site. We are a group of professionals and experts entirely dedicated to helping people achieve financial freedom.  We are widely aware of how financial woes continue to plague our society, affecting one family after the other. Our task is to keep you debt-free and retirement-ready, and the best way to achieve these is through financial literacy.

Most people are accustomed to the traditional means of earning - employment, freelance work, business, and so on. This is great, but we are here to tell you that there many other ways of earning conveniently and exponentially which most people are unaware of or are afraid to try. With our guide, you will know which investment option best fits your financial need.

Let us start with the basic - stocks and bonds.

Depending on your personality as an investor, several investment vehicles are available for your choosing. Bonds are debt investments loaned to entities, usually corporations and governments, for a definite period at either a fixed or variable interest rate. Owners of bonds passively earn from the interest paid off by debtors.

Stocks, on the other hand, are shares of ownership in any given publicly-listed company that wishes to expand or fulfill other business pursuits. A stock represents your claim on the company's earnings and assets. As the company grows, your money grows, and again, this is a passive income for you. This is the beauty of trading. You let your money work for you, rather than you working to earn money.

At the beginning, the concept can be overwhelming and it is exactly for this reason that we exist. In fact, both bonds and stocks are traded in markets, which are commonly played by experts who are duly accredited and have gained a good standing. Nowadays, stock brokers have opened their doors for individual investors who can now invest in stocks at a minimal cost and within the comfort of their home.

We not only inform you about the basics of trading, but also caution you about the risks involved and recommend strategies. For one, we encourage you to diversify to minimize risks by investing in mutual funds. Never put all your eggs in one basket.

Financial health shouldn't be just your banker's responsibility. Take charge and ease your way towards financial freedom. We are here to help you mitigate risks and make wise investment decisions. We make complicated investment and trading concepts simple for you.

Many people are looking for ways to grow their savings, especially with interest rates at historic lows. Because of the gains the stock market is currently making, trading stocks is becoming a great option for many who want to make their money grow. Many people get put off from doing so because they fear their lack of knowledge on financial trading. However, there are simple steps that you can take as a beginner to try it out.

1. Prioritize Where Your Money Goes

While the possibility of making a lot of money from trading is there, it also comes with the potential of losing. Moreover, once you have money in stocks, you might not be able to easily take it out. When the rates are low, keeping them until they increase in value again makes sense. This means you should only invest money you will not need.

Beyond your day-to-day expenses, bills, and other expenditures, you should always target a set amount to save and possibly invest in other ways. This will make sure that you are covered for retirement whatever happens. All the extra money can then be your funds for trading.

2. Learn About Trading

When it comes to picking which stocks to buy, you may always choose the brands you know or are popular. However, they might already be highly valued so you should try others out there.

Some do in-depth stock research, but you would not have to. It is enough to just read about the companies you want to invest in, and study their financial status, the stocks, price history and other similar information. If you find it too complicated, you can turn to online educational resources, including courses for beginners. Forums, trading websites, and even chats with expert traders will help you identify companies worth investing in.

3. Pick A Broker

Finding an online broker is important, and you need to choose one that fits your needs and budget. Good attributes include educational resources to help you learn more about trading, user-friendly websites or tools, and great customer service.

4. Ease Into It Slowly

Jumping into trading can be quite daunting, so you can try doing it slowly. Some trading sites allow you to practice with fake money so you understand the process. Until you understand how it goes, you can do dollar-cost averaging, or investing a certain amount of money regularly. You can start putting in larger amounts once you are more confident and understand where to put your money wisely. Your research is also valuable in ensuring you are buying when the prices are low.

5. Make an Exit Plan

While you do not want to lose money, it might eventually happen. Companies’ stocks lose value all the time, so you need to make a plan on what to do when this happens. Most importantly, identify a maximum amount of devaluation to know when to sell your stocks. While you stand to lose some money from your initial investment, it still prevents you from losing much more or worse, everything.

It’s a good thing there are many online resources that will help you get the information you need, so make sure you do a lot of reading before you plunge into trading. Doing so will make sure you know what you are getting yourself into. With a little bit of practice and good research, you will find yourself in the exciting world of trading.

Binary options trading has gained a lot of popularity over the years due to its suitability as an investment vehicle for both novice and experienced investors. Trading binary options can put you in a position to reap enormous returns from a very small investment. The first thing that most people learn about the world of binary trading is that you do not need any form of technical expertise or experience to thrive in this industry.

All one needs to do before embarking on trading is to grasp the fundamental concepts and rules of binary options. The trading rules and regulations are very easy and can be learned within a very short period of time. When compared to other types of financial trading, binary trading is easier to start, convenient and flexible as well. However, like any other type of financial trading, traders need to familiarize themselves with how the markets work in order to successfully start the investment process.

Binary options brokers or binary brokerage companies are basically intermediaries between traders and different investment markets. With the help of an online binary broker, you can easily start investing in any number of financial markets such as Forex, index, assets, stocks, commodities and others. An agreement between you and a binary options broker will stipulate which markets you have agreed to invest in.

Along with all these options, you can also have a system trade for you such as the Swarm Intelligence software.

The existence of online binary brokerage companies has made it easy for traders to pick lucrative investment markets at their own convenience from virtually anywhere on the globe. When you begin trading, your broker will guide you through the process of purchasing assets as well as calculating profit margins and percentages. Assets are priced differently and also have different expiration dates. Your online trading platform will keep you up to date on all these market variables.

It is good to note that any worthy investment out there today has to involve risk. Without the aspect of risk, the world of binary options trading would not be as active and lucrative as it is today. The secret to not being at the wrong end of risk taking is choosing a reliable and competent broker to guide you on which risks to take and which to stay away from. After successful trading, you can easily find yourself reaping 70 to 80% return on the investment you made. Experienced traders can get as much as 300% return on investment.

Everybody knows the phrase stock trading but truth is not many comprehend the happenings that take place during the actual process of trading. The exchange of securities usually happens physically so as to reduce risks.

Most stocks are traded on exchanges, which are places where buyers and sellers meet and decide on a price. Some exchanges are physical locations where transactions are carried out on a trading floor. You've probably seen pictures of a trading floor, in which traders are wildly throwing their arms up, waving, yelling, and signaling to each other. The other type of exchange is virtual, composed of a network of computers where trades are made electronically.

The purpose of a stock market is to facilitate the exchange of securities between buyers and sellers, reducing the risks of investing. Just imagine how difficult it would be to sell shares if you had to call around the neighborhood trying to find a buyer. Really, a stock market is nothing more than a super-sophisticated farmers' market linking buyers and sellers.

Sourced from: http://www.investopedia.com/university/stocks/stocks3.asp

There is a lot of action on the trading floor. Prices fluctuate in a matter of seconds and this due to a number or reasons. It could be investor sentiment, economic factors, company or industry performance.

Industry performance

Often, the stock price of the companies in the same industry will move in tandem with each other. This is because market conditions generally affect the companies in the same industry the same way. But sometimes, the stock price of a company will benefit from a piece of bad news for its competitor if the companies are competing for the same market.

Investor sentiment

Investor sentiment or confidence can cause the market to go up or down, which can cause stock prices to rise or fall. The general direction that the stock market takes can affect the value of a stock:

Bull market – a strong stock market where stock prices are rising and investor confidence is growing. It's often tied to economic recovery or an economic boom, as well as investor optimism.

Bear market – a weak market where stock prices are falling and investor confidence is fading. It often happens when an economy is in recession and unemployment is high, with rising prices.

Sourced from: http://www.getsmarteraboutmoney.ca/en/managing-your-money/investing/stocks/Pages/Factors-that-can-affect-stock-prices.aspx#.VrCwbGx97IU

There are two kinds of markets on the trading floor. There is the bear market and the bullish market. With a bullish market the prices go up while a bearish market is the opposite.

What is a Bull Market?

Bull markets happen when the market is goes up aggressively over a period of time. As the market starts to rise, there becomes more and more greed in the stock market. You see more and more people thinking, “Oh yeah let’s put money into the market because it’s going up.”

What is a Bear Market?

The bear market definition is exactly the opposite of a bull market. It’s a market where quarter after quarter and the market is moving down about 20 percent. That signals a bear market, and when that happens people start to get really scared about putting money into the stock market. That’s because they don’t know how to invest Rule #1 style.

Sourced from: http://www.ruleoneinvesting.com/blog/how-to-invest/whats-the-difference-between-a-bull-and-bear-market/

It calls for a trader to be well informed in the midst of these two extreme market sides. They should not be caught unawares and that calls for trading tips that will help them get there.

Rule 1: Only buy stocks above their 200-day moving average.

This rule, more than any other, is the reason why people who use it have done well this year. If you go back to 1995 and look at every stock’s 5-day performance above their 200-day moving average versus below, you will see edges on the stocks that were above the 200-day (this is on a sample size of over 8 million trades). What the statistics don’t truly reflect though, is the wreckage many stocks below the 200-day moving average cause. Go look at the charts of Bear Sterns, Countrywide, Lehman, Wachovia, the mortgage companies, the home builders and many more and see what happened after they broke under the 200-day moving average. Nearly every money manager in the world could have protected their investors from this one simple rule. And you can too by simply avoiding stocks below the 200-day.

Rule 2: Buy stocks above their 200-day on pullbacks.

There’s an entire generation of traders who like to buy breakouts and some are successful at it. But if you look at the average short-term returns on stocks making 10 day lows above their 200-day moving averages versus 10 day highs, you’ll see significant differences. Stocks making 10 day lows have far outperformed stocks making 10 day highs. And again, this has been seen in testing millions of trades for over a decade’s period of time.

Sourced from: http://tradingmarkets.com/recent/5_simple_rules_for_making_money_in_this_market-644561.html