Building your own expert advisors or indicators with alerts for metatrader4 without programming knowledge is something many Forex traders would like to do… and exactly the opportunity Strategy Quant EA Wizard provides.  Since this became available, there have been many questions.  Here are some of the answers…

—————————————-

  >> Q: Can I use my own custom indicators?

Definitely. With EA Wizard you can use any custom indicator, all you have to specify is its name and parameters.

—————————————–

  >> Q: How difficult to use is EA Wizard?

I believe it is very simple. There’s easy learning curve.  If you watched the videos, you saw me creating a simple strategy in a few minutes. Of course, I work quickly, perhaps too quickly, it is because I know the program already and also because it is so easy.

If you are able to define a trading rule in a natural language like this:

IF CCI(50) CROSSES ABOVE 0 THEN

  BUY LONG AT MARKET PRICE
WITH STOP LOSS 50 pips AND PROFIT TARGET 60 pips;

That’s all you need with EA Wizard.
The EA logic consists of such simple defined rules.

Of course, the rules can be more complicated, you can combine unlimited number of conditions and actions.

——————————

  >> Q: Can I trade range breakouts?

Yes, it is possible to trade a breakout of a given range.  When you specify the stop or limit order level, you can use value of any indicator or high/low value of any previous bar.

—————————————–

  >> Q: Can I close a position and open a new one?

Yes, EA Wizard gives you a total control over your orders.
In a simple way you can choose to close any position and open another.

Basically, it looks like you can do just about anything you set your mind to.  I personally like the fact you can use your own custom indicators.  I do think there is going to be a learning curve for this, but once you learn how to use the software… it can save you tons of time in the long run being able to test your trading strategies.  Plus it can help you make your current strategies more profitable.  I think that makes the time it takes to learn this software worth the effort.
—–
Strategy Quant EA Wizard Questions & AnswersEdward LomaxForex Toolsea wizard,expert advisors without programming,metatrader4 expert advisor maker,mt4 ea creator,strategy quant
Building your own expert advisors or indicators with alerts for metatrader4 without programming knowledge is something many Forex traders would like to do... and exactly the opportunity Strategy Quant EA Wizard provides.  Since this became available, there have been many questions.  Here are some of the answers... ----------------------------------------   >> Q:...