Forex Robot ЕА sounds great, right? Forex trading is generally supposed to be a lucrative activity when done right, so many people may dislike the idea of paying for a robot, especially when they are making their own code.
Through reading this article, you will learn everything you need to get started making your own robots with your own strategy, for free, no matter your level of expertise.
More, we will give you a Forex Robot ЕА, and we will teach you how to test it.
What Is a Forex Robot ЕА?
A Forex robot ЕА is basically a computer code that will do all of your Forex trading for you, automatically. There are so many benefits to trading with a Forex robot.
First of all, it takes all the emotion out of the trading.
Even if you have a great strategy, as a human, you are more likely to make an error or let your ‘feeling’ guide your decision, rather than proven logic.
On the other hand, a robot will never choose to go against the strategy you code into it, and it will never make an accidental error.
Furthermore, Forex trading is generally a highly time-consuming task, which is one of the main reasons some people decide not to start or get serious about it, but when you do it with a robot, you are able to free up lots of time.
After you create and set up your robot, you can do whatever else you want to do while your trading happens automatically, all the time. You will both get more trading done and more of everything else done.
There are two basic ways you can get a Forex Robot.
First, you could buy one from someone who has made their own code with their own trading strategy (or at least one that they are willing to sell) that you can download and use.
Some of these robots will work for MetaTrader4, some for MetaTrader5, and others that will work with both. Your second option is to make your own robot with your own trading strategy.
This is generally what most people would prefer to do, but may turn away as it seems like a complicated task.
If you choose to buy a robot, while it may seem easier in the beginning, you will quickly run into trouble.
Often the robots are made with faulty code, either accidentally by a person who does not know what they are doing or on purpose by someone trying to rip people off.
Even when the code does work, it will most likely not be the best strategy and, therefore, will not provide you with the most lucrative option.
When you make your own robot, you can feel confident that the code will work, and you can enter a strategy that you are confident is lucrative.
While this all sounds great, you may be wondering
How it could possibly be actually a Robot created from a Scratch?
Below you will learn everything you need to know about how to do it for free and about other features you can get without paying anything for a Forex Robot EA.
How Do You Make One For Free?
While making a Forex trading robot is generally more cost-efficient than some other options, buying the software and gaining the knowledge needed can still get a little pricey, especially if you are not sure you will even prefer the robot over your own trading skills.
So is it possible to do it for free? Yes! Using a software program by EA Studio, you can make your own Forex trading robot, with your own strategy, for free.
EA Studio offers a fifteen-day free-trial that does not require any kind of purchase after and gives your complete access to the program.
When you sign up for this program, you will be able to create and export as many robots as you want with your own strategies. You will sign up, log-in, and start to input any of the information you have.
After you plug in data such as the entry and exit rules, trading amounts, stop losses, and take processes, you will immediately receive a backtest for your strategy.
This backtest will give you all the information you could possibly need to decide whether or not you want to use that particular strategy as a robot.
If you do, you make your Forex Robot EA and export it for MetaTrader4 or MetaTrader5. If you do not, you can go back and edit your strategy as many times as you want to perfect it.
During the fifteen-day trial period, you can go through those steps to make as many robots as you want. For many people, they find that they are able to make enough robots during the first fifteen-day period to last them for a very long time.
There are people that report trading with the robots they make during their trial for months or even years, many of who never went on to pay anything. Furthermore, after you export the robots, you own them completely.
That means not only can you trade with them, but you can sell them too. You can use the robots that you export for free not only to make money trading, but also to make money by selling people robots that actually work, and you have the data to prove it.
If, after the fifteen-day period, you want access to more courses on Forex trading or the ability to make more robots, you can pay a reasonable fee to continue to use the EA Studio software.
If you do not want to pay a fee, EA Studio will continue to allow you to backtest strategies for free; you just will not have the license needed to export the strategies as a MetaTrader4 or MetaTrader5 robot that you can actually trade with.
If you learn how the robots work, you know how to code the robots yourself, or even for manual trading, the ability to backtest strategies is extremely beneficial, and you can do it for free.
What If You Do Not Know How to Code a Forex Robot EA from a Scratch?
As mentioned above, one of the main reasons people do not use Forex robots or choose to buy robots created by others instead is that the idea of coding can sound rather daunting and possibly even more time-consuming than the actual trading.
That is one of the many benefits of EA Studio. You do not need to know how to code at all. When you enter the software, there will be a series of very clear inputs for you to enter. As well there is a user guide which you can learn from:
Then, with a click of a button, EA Studio will do all the coding work for you. You can then either immediately export the robot and begin to use it, or you can view the code to look it over yourself.
As you can see, you do not have to be an expert coder, or even know anything about coding at all to make and use your own robot.
You do not need to feel like you need to rely on manual trading or other people’s robots simply because you do not know or have the time to learn how to code.
If you do want to learn how to code, you can, but EA Studio will still offer your backtest information, speed, efficiency, and accuracy that you could not get otherwise.
You can trust the code that you received is correct, whereas any code that you make is fallible to human error, even if your strategy is foolproof.
Just like using robots protects your trading from human error, using this software protects your code from human error.
What if You Are New to Forex Trading?
Beyond not knowing how to code, you may be completely new to Forex trading, or at least new enough to not have a successful strategy and understand what all the inputs are looking for.
EA Studio offers various solutions for you. First of all, the studio comes equipped with a tool called The Generator.
With this tool, you can give the software any parameters and indicators you do have, such as what you specifically want to trade, and EA Studio will provide you a list of already proven strategies with their backtest results.
You can export these strategies immediately, or use them as a starting off point for your own, personalized strategy.
Beyond the Generator tool, EA Studio offers you a free video course that will teach you everything you need to know about how to use the software and how to get started Forex trading.
This is a great resource for anyone interested in Forex trading, even those who do not want to use robots but just want to try one Forex robot EA.
Additionally, you will have access to this course even before you start your fifteen-day trial, and after it is over, to help you understand anything that you have questions about.
Now you are equipped with everything you need to get started creating your own and Forex robot EA with absolutely no cost to you.
You can head over to EA Studio’s website, watch the videos that are a part of the free course, start your fifteen-day free trial, and begin to create as many robots as you could possibly want to trade with and sell to other traders.
At the end of this post, we have decided to make it even better and easier for you by including a Forex Robot EA: