ExpertAdvisorTrading.com

A preset file is a file that contains all the settings used or to be used with an expert advisor. It is very useful to have preset files since they allow us to safeguard our settings and also to be able to change various settings globally in 1 quick by loading different presets we may have saved. So we use preset files (files with an extension .set) to save and restore specific settings for an expert advisor.

You can access these files in the “Presets” folder which is in your “experts” folder.

To access your ea settings (once the ea is up on a chart), you can right click on a chart where you have your expert advisor, click on Expert Advisors and then on ‘Properties’, or simply click on your chart and press F7. You will have access to the expert settings (2nd tab page => Inputs).

On this tab page where you can change your expert’s parameters, you have 2 buttons on the right corner.

Load is used to ‘import’ the settings saved in a preset file, Save is to ‘export’ the current settings and save them to a file so you can ‘Load’ them again at any time. So preset files are not only a way to safeguard some settings you like for an expert, and retrieve them later, but also the quickest way to change settings on multiple charts / pairs since you can load the same or different preset file on each chart.

While we are waiting for the end-of-week results, let me give you this information on what Expert Advisors are and requirements for trading forex with expert advisors.

Expert Advisors or EAs are soltware programs written in MQL4 to automate forex trading on MT4 platform. EAs not only can analyze the situation on the market and notify you of trading opportunities but also can execute trades on your trading account as well as putting pending stop-loss and take-profit orders.

So, what are the requirements to trade FX usign EAs. Apart from opening an account with one of the online brokers who support MT4 trading, you’ll need a server that runs and connects to the Internet 24/7. There may be some EAs that don’t require you to always turn on your PC and the trading program all the time, most will require it to work properly.

Your server needs not be one with very high specs but just a desktop or a laptop for general uses. I use an old desktop that has been left collecting dust after a recent upgrade. I connect it to my office ADSL router with 1 mbps Internet bandwidth which is shared with other PCs in the office. I figure this fx trading server probably requires a much smaller bandwidth but never test it. You should set the BIOS so that the server automatically reboots after a power failure. To relaunch the MT4 trading program at a reboot, I use a free program called Startup Control Panel to set it up.

You’ll need to remotely access your “EA Trading Server” from time to time. This can be easily achieved through a free service by LogMeIn.

I’ve seen in a forum people talking about a kind of EA hosting service where the hosting guy hosts the MT4 program on his server which is partitioned for each customer. I’ve never tried one so cannot say too much about it. Anyway, my present solution is working fine so far.

Welcome to ExperAdvisorTrading.com.

I have traded forex for about 10 years as a private trader. I started out trading FX over phone with a broker and have since fallen in love with this facinating thing. I have learnt a few technical analysis stuff which I believe is what most professional traders heavily rely on these days.

A year ago I started trading FX on the Internet but still did manual trading. I had had limited success with my trades until I found PipBoxer, an automated FX trading and management system. Initially I downloaded the demo version, set it up on a demo account and watched the result. The results were not that impressive although profitable. Then I started using the information from the system to trade manually on another Internet trading platform. Suddenly I could achieve more winning trades. In fact my profitability jumped from a slight negative to a 42% positive in just 45 days. So, I decided to buy the full version of PipBoxer and use it for live trading on my InterbankFX account. I will post my weekly results on this blog.