Earlier today MetaQuotes Software Corp. published a tutorial on the MQL5 community website about how to create MetaTrader 5 expert advisors without needing to be a programmer. The tutorial covers how to use the "MQL5 Wizard" that comes as part of the MetaTrader 5 client software to create your very own EA by just pointing and clicking with a mouse. MetaQuotes also published today a tutorial for programmers discussing how to go about creating the software modules that users of the MQL5 Wizard are able to choose from when building their own personal forex "robot". Unfortunately at the end of the day if you're not a programmer it seems as though you're still going to be dependent on programmers to provide all the tasty ingredients you might want to put into your own personal trading system "recipe".
More on How To Create MetaTrader 5 Expert Advisors Without Programming
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The first day of a new month has arrived, and Ray the Random Robot™ has asked us to update you all on the progress he has been making in the numerous MetaTrader 4 automated trading contests he has been competing in recently.
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Ray the Random Robot™ has just entered yet another forex trading competition. This time it's the Myfxbook/FXOpen October 2010 MetaTrader 4 ECN Trading Championship. This championship doesn't actually start until October 25th, so Ray is actually ahead of the curve on this one for a change! However one the rules of the competition states that:
More on Ray the Random Robot's Results are now Live on Myfxbook
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It's been an extremely busy week for Ray the Random Robot™, and he has undergone a number of cloning operations. First of all the MetaTrader 5 Automated Trading Championship 2010 finally got underway at midnight on Sunday, Moscow time. Ray's multi-currency MT5 clone started perfectly, but he has had some teething troubles with EUR/USD and has now slipped back to 273rd position out of 314.
More on Ray the Random Robot Successfully Starts Smart Live Spread Betting
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We've recently improved our MetaTrader 4 London Breakout expert advisor, and now we've released a port of that "robot" to MetaTrader 5, using the new object-oriented features of the MQL5 language. You can download the MQL5 source code from our Community forum.
More on Object-Oriented London Breakout Robot Available for MetaTrader 5
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MetaQuotes announced yesterday that from now on the source code for MetaTrader 5 expert advisors written by 3rd parties (such as the Trading Gurus!) will be made available for download through the MT5 client terminal. To celebrate this fact we've rewritten our latest "Really Random Robot" in an object-oriented style, and uploaded it to the MQL5 Code Base. MetaQuotes have already kindly translated the instructions into Russian for us! We're eagerly waiting to discover how many MetaTrader 5 beta testers download it and try it out. So far today we're up to 16.
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We've been beta testing FXCM's new Strategy Trader automated trading platform for a couple of months now, and after quite a few trials and tribulations we've finally got our trusty first example robot to work successfully on it. FXCM refer to trading systems written for Strategy Trader as "Strategy Advisors", and they are implemented based around bars rather than ticks like MetaTrader 4. That means you really need to run this advisor on a tick chart to stay in the market 100% of the time, like the MT4 version does. We still haven't managed to get that working reliably, but it does seem to run fine on a one minute chart and up. If you'd like to take a look you can download the C# source code from our community forum.
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FXCM started public beta testing of their new Strategy Trader trading platform back in March. They are positioning their new platform as a superior alternative to MetaTrader 4 and the forthcoming MetaTrader 5. They describe it as:
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To celebrate the fact that forex broker Dukascopy have at last officially become a Swiss bank we have rewritten our first example robot to work on their JForex platform. Take a look at the JForex source code on our community forum.
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A user of one of our example robots informed us that a system called 1 Minute Daily seemed to be getting people on the forex forums excited, and asked us to look into it. Apparently, unlike so many other forex trading systems sold through ClickBank these days, this one doesn't come complete with a "robot". The way it was described to us it sounded an awful lot like a member of the group of range breakout systems often referred to as "London breakout systems".
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