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DailyFX Forum,Molanis,EA Wizard

DailyFX Forum

This forum discusses basic concepts of automated trading with MT4. Get help with developing trading systems or see what others are doing.

Forums can be a great place to get started because people are usually pretty helpful. In addition, there is a lot of existing information available.

DailyFX is a big name in Forex and they do a pretty good job of keeping spammers out of their forum. This can be a big problem on other forums.

Molanis

Molanis Strategy Builder for MetaTrader 4 allows you to use its highly intuitive graphical environment to design expert advisors. You don’t need any programming or MQL knowledge to create your first Advisor.

This tool uses a comprehensive array of predefined trading blocks that you can use for identifying forex signals. You just need to drag and drop to create visual representations of your forex trading signals and strategies. The tool analyzes these diagrams and transforms them into and EA.

EA Wizard

EA Wizard helps you build and EA . It is one of the simplest tools to convert trading ideas into forex robots. The tool allows you to test the robot and then use it for trading.

The big benefit of testing is that you can try out a strategy using real market data and figure out if it works for you. Every strategy you create can be saved as MetaTrader 4 and even the source code is available.

The alert system built into the tool notifies about trading signals either through email or by using an alert tone. This tool is perfect for designing EAs using multiple timeframes and currencies. It also has custom indicators, money management options and trading time filters.

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