What is a Forex Trading guide ?

A Forex trading guide (a.k.a. Forex Trading Robot, Trading Bot, Automated Forex Trading
Software) is a mechanical trading system written in the MQL-4 programming language and designed to automate trading activities on the MetaTrader 4 platform.

Trading guides can be programmed to alert you of a trading opportunity and can also trade your account automatically managing all aspects of trading operations from sending orders directly to your broker’s server to automatically adjusting stop loss, trailing stops and take profit levels.


Trading guides for MetaTrader 4 are all unique and different in the rules they follow to enter and exit the market. Trading guides eliminate emotional trading decisions that cripple novice trading accounts. Forex trading guides allow investors to exercise a very strict trading system without falling outside pre-programmed parameters and it is this rock solid consistency one of the features that make these programs so attractive to serious investors.

Trading guides can also eliminate the emotional trading decisions that usually cripple novice Forex trading accounts. Forex trading guides exercise unmatched discipline when trading and can be designed to evaluate more parameters at the same time than any human could keep an eye on at once.


All of the technical indicators that are available in the MT-4 platform can be brought to bear
in the logic used by an Trading guide in almost any way that one can think of thanks to the
MQL-4 programming language. All types of moving averages (simple, exponential, etc.), RSI,
CCI, etc. You can also create your own custom indicator and call upon it from an Trading guide.


There are many different types of MT-4 Trading guides depending on their intended application. Some are designed specifically to trade news events and remain out of the market all other times while other MT-4 Trading guides are meant to remain active 24x7. Experienced traders who have their own fine tuned manual trading systems sometimes hire MQL-4 programmers to automate their systems thereby creating custom MT-4 Trading guides. All trading guides have the same goal and that is to automate trading operations and generate a profit while doing so.

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