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Has anyone tried Forex robot trading?

What Is a Forex Robot?
These days, it is becoming more and more common for traders to utilize modern methods of technology in their trading and there are many advantages to doing so.
Traders are increasingly likely to use trading systems or software that allows them to automate the trading process — thus reducing the problems of emotional attachment to a trade or a lack of trading discipline. A Forex robot does exactly that and one of the most popular ways to use one is via the MetaTrader 4 platform.
The MetaTrader 4 platform offers a complete solution to a trader’s needs, consisting of charts, news feeds, and more. And, by coding in the native MQL4 programming language, it is also possible to write custom built indicators or even trading strategies — also known as expert advisors.
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Expert Advisors
An expert advisor (EA) is another name for a Forex robot, one that has been developed to be used on the MetaTrader 4 platform. Since it can be custom built, an expert advisor can be designed to implement any trading strategy or risk management system so long as the designer knows how to code it into the program.
For example, a trader may design an EA to open positions in the market at a certain size after a moving average crossover.
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Benefits
The main advantage of using a Forex robot is that it takes the emotion out of trading, which if not addressed, can be a big barrier to many traders. Fear, greed, and stress can build up in manual trading all too easily, leading a trader to lose money and get frustrated with the game.
A robot on the other hand, will implement the chosen strategy flawlessly every time and with a high degree of accuracy. It will also make difficult risk management calculations in the blink of an eye, much faster than a human trader. Not only that, but robots can be designed to trade around the clock and on different markets at once, meaning that you need not have to sit in front of your screen all day and all night.
In short, a Forex robot can take much of the hard work out of trading — that hard work is done beforehand — developing and testing the trading idea.
Limitations
Of course, there are no shortcuts to making money on the Forex markets and working with a Forex robot brings with it its own inherent limitations.
For one thing, Forex markets are fiercely competitive and coming up with a robot that is able to beat the market is a notoriously difficult thing to do.
Indeed, it is not enough to design a robot that works over a couple of weeks data, the robot must work over several months, if not years, of historical data and undergo rigorous statistical testing to prove that it works. Because if a trader cannot be confident that the robot works, they will more than likely abandon it when times get tough.
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I've been working on this news indicator and it's now developed enough to share. I've also added a beta version of my breaking news indicator for you to play with. Data from the ForexFactory weekly calendar is refreshed hourly to catch any mid-week calendar updates from FF. Events can be filtered by impact, currency and category. Im having a weird problem. I have "hacked" a MQL file from a thread to import 15 mins data to a csv file. The code compiles. When i try to load it as an EX4 it complains that it is not an Expert. When i try to load it as an indicator it complains it is an Expert. Ive been banging my head against the wall and trying to read up but cant get my ... The News Alert Indicator warns us when there is a volatility change in the market spread. The warning appears in the new alerts window. How to install the News Alert Indicator on your Metatrader 4 trading platform – files format mq4 & ex4? Download the indicator by clicking “LINK” button at the bottom of this post. Forex MT4 indicator Download indicator: ToR_1.20k.mq4 How to trade with ToR indicator Thus, the chart on which the indicator is installed remains clean and you can fully use it, and not sacrifice the whole window in favor of the news indicator. 3. This version of the indicator shows news not only for the current week, but also for the next one. So now, on Friday you will see the news on the following Monday, Tuesday and so on. How to install MT4 News Calendar Indicator in MetaTrader 4 / MT4: Download/Copy/Save the MQ4/EX4 file into your C:\Program Files\MetaTrader 4\experts\indicators folder (or change the folder to your installation sometimes forex broker name) Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application Forex MT4 EA Forex MetaTrader 4/5 Indicators, Expert Advisors, Scripts and ... Total Files: 1: Size: 49.76 KB: Create Date: January 13, 2014: Last Updated: January 13, 2014: File; Cal_Panel_v1.mq4: Subscribe / Connect: Subscribe to our e-mail newsletter to receive updates and please visit us on our social networks: test . Popular; Latest; Comments; Tags; High Low Indicator for MT4 February 19 ...

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