Surely when you have read this article, you have learned about forex Robot (also known as EA), right? If not, please read this article: Trading forex by robots from A to Z to get an overview before using it.
Robot download link is at the end of this article. First, I will show you how to install Robot into MT4 software.
Step 1. Open the forex MT4 trading software
Click on the item Open Data Folder as shown below:
Step 2: Copy the Robot file to the MT4 software
Choose a directory MQL4 > select the next directory Experts. By default, this folder will have two sample robots, MACD and MA. And of course, our Robot forex is also a file with the format “.ex4”.
Please copy the Robot file you want to install into this directory.
Step 3: Restart the MT4 software to identify the robot
We have to restart the MT4 software to identify the new robot. At that time, you noticed in the section Navigator, Expert Advisors The robot will appear.
Step 4: Configure and use the robot
Open the chart of the currency pair you want to trade, then double-click on the newly installed robot. Or you can also click and hold and drag the chart of the currency pair. A parameter table will appear and you need to tick the box Allow live trading as shown below:
In the Inputs section, customize the parameters to suit your play style: the number of lots / orders, the maximum number of orders maxtrades, …
After clicking Ok, you will see the Robot appear on the chart screen to be ready to trade.
Step 5: Allow the robot to trade automatically
For robots to automatically trade, you need to click on the button Auto Trading. When need to turn off, you click on this button is okay.
Note: You can use a robot to trade different currency pairs simultaneously. Remember which forex robots are not as important as how you operate them. Simply because the robot will not be accurate when there is news of influence. Please use the Robot in a flexible and smart way.
And finally, I will share one of the robots that I have been using to play forex everyday. If you have questions, please send a message to my Zalo number: 0984.358.799
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