How to Trade With Stocks Signals and Expert Advisors
Apart from coming up with stocks signals, traders can also decide that they want to trade with stock trade signals or Expert Advisors. These two techniques are very popular when it comes to trading the online stock market. Stocks traders who want to trade with these methods might spend a lot of time researching which is the best EA or Stocks Signal - instead when it comes to Expert-Advisor Stocks Bots there is a library of EA Stocks Bots that traders can find on the MQL5 forum & when it comes to signals there is a list of the top stocks signal providers made up of profitable traders who trade using MT4 stock platform that provide stocks signals which traders can subscribe to and trade with.
Stock Signals
Traders can trade using stocks signals - instead of generating trading signals of their own using stocks systems traders can subscribe stocks signals from other profitable traders and copy the trading of these signal providers. Trading using stocks signals is sometimes also called copy trading.
A stocks signal service such as the MQL5 signal service is setup by the owners of MT4 stock platform. Profitable traders can then setup their signal service and other traders can then subscribe to these signals from the MQL5 signal service directly from their MT4 stock platform.
Once signal providers generate a trading signal the trade is then automatically copied & sent to the trader’s account and similar trades are also opened on the trader’s account. These trades will remain open until when the signal provider closes them and on the trader’s account the trades will also be automatically closed.
To learn more about stocks signals traders can read the article - MQL5 stocks signals. These stocks trading signals are provided by profitable traders who trade the stocks market using their own accounts with money invested in their account and this traders have passed a month trading period to prove their stocks strategy is profitable after which these traders have then become signal providers.
Stocks Trading Expert-Advisors
Automated stocks strategies in stocks are known as Expert Advisors or Expert-Advisor or Stocks Robots. These robots are used by traders to generate automated signals that will open buy & sell stock trades on behalf of the trader based on the set of trading parameters.
When these sets of parameters are met the EA will then open a stocks trade. Expert-Advisor also has another set of parameters which will be used to calculate where to close a trade.
The best place to start for those who want to learn how to program and come up with their own EA Stocks Robots MQL5 forum of EA programmers is the best place to start. This forum also has a library of many stocks Expert Advisors that traders can download - some are free and some are for sale. Those that are for sale can be tested out by traders using their demo version which can be tested on the MT4 strategy tester environment, this way a trader can test an EA to determine how it performs in the stocks market before buying the EA.
To learn more about Expert-Advisor Stocks Robots, traders can read our article - MQL5 Stock Expert Advisors Library.