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All categories classifying trading strategies are fully arbitrary. The classification below is to emphasize the basic differences between possible approaches to trading.
Examined are the most frequent mistakes that lead the first-time programmers to creation of a "super-moneymaking" (when tested) trading systems. Exemplary experts that show fantastic results in tester, but result in losses during real trading are presented.
The article deals with the problem of conflict-free trading of several experts on the same МТ 4 Client Terminal. It "teaches" the expert to manage only "its own" orders without modifying or closing "someone else's" positions (opened manually or by other experts). The article was written for users who have basic skills of working with the terminal and programming in MQL 4.
The article deals with various ways of how to control open positions and pending orders. It is devoted to simplifying of writing Expert Advisors.
The principles of MQL4-programs development are shown on sample of creating a simple Expert Advisor system based on the standard MACD indicator.