Getting good at trading currencies

[drasfs]

Quote from BigFunky:

Metatrader4 is a good way to learn how to back-test strategies. The MT4 language is reasonably easy to learn, it's free, and there's already scores of strategies and indicators available.

Although, this software won't necessarily tell you what systems will work - but it is a quick way of seeing what won't work. But what ever you do, don't use MT4 to trade with - the brokers associated with it are not the most reputable.

Yeah I've tried it out. Tried out some expert advisers while I was it. I think I backtested them, with the strategy testing bar(if thats the right way to backtest them?). I tried the 5 most renowned ones-the ones found here http://www.earnforex.com/mt4_expert_advisors.php)

These expert advisors would supposedly generate profit. All turned out to be unprofitable. From that experience, im very sceptical to pure mechanical trading, since the results just seemed too random.

I still believe in tecnical trading, but I believe there are far few parametrars to your disposal, at least with MT4(though, i havnt set up a strategy by myself, but i can hardly picture how my strategies could be mechanized).

 

[cabletrader]

Another lamb to the slaughter!

 

[Reaver]

Quote from cabletrader:

Another lamb to the slaughter!

What are you referring to?

 

[cabletrader]

Quote from Reaver:

What are you referring to?

Isn't it obvious? If not then really, don't worry about it

 

[drasfs]

Quote from cabletrader:

Another lamb to the slaughter!

I only tried out the expert advisor with back testing.Didnt even bother forward testing them. All of them generated negative results. And if there are thousands of people trying to mechanize, all with poor results,isnt it reasonable to think that having a 100% mechanized system isnt the easiest thing?

 

[drasfs]

Im learning about metatrader 4. How hard is it to learn the MQL-4 language(if you have never programmed before) in order to set up your own expert advisor?

 

[bigmrfrank]

Quote from drasfs:

Im learning about metatrader 4. How hard is it to learn the MQL-4 language(if you have never programmed before) in order to set up your own expert advisor?

The biggest problem with MT4 is who it connects you to.

 

[thetrendfollowe]

Quote from drasfs:

I only tried out the expert advisor with back testing.Didnt even bother forward testing them. All of them generated negative results. And if there are thousands of people trying to mechanize, all with poor results,isnt it reasonable to think that having a 100% mechanized system isnt the easiest thing?

Who said it would be easy?
It is supposed to be easy?

 

[drasfs]

Quote from bigmrfrank:

The biggest problem with MT4 is who it connects you to.

I also heard the broker isn't the most reliable one. However, i just wanted to use it for backtesting, and maybe forward testing in demo mode. Or are there problems associated with this too?

 

[drasfs]

Quote from thetrendfollowe:

Who said it would be easy?
It is supposed to be easy?

So you are telling me that profitable expert advisors exist?

Not that I dont believe it. I'm just sceptical.