I want to write an EA (Expert Advisor) myself. What knowledge do I need?

Writing your own EA It is necessary to have basic knowledge in various areas as follows.

* **Knowledge of programming languages** The programming language used to write EAs is generally MQL4, which is similar to C or C++. Therefore, if you already have the basics of these programming languages, It will be easier to understand writing EA.

* **Knowledge of data analysis** EA will use price information of various assets. To analyze in order to make trading decisions, therefore, knowledge of data analysis such as technical analysis is required. Fundamental analysis etc.

* **Knowledge of risk analysis** Trading is inherently risky, so a good EA should have a good risk management system as well.

* **Financial Knowledge** EA will trade assets and therefore requires financial knowledge, such as knowledge of financial markets. Knowledge about financial products, etc.

In addition, you should also have additional knowledge in the following areas:

* **Knowledge about the trading platform** The EA will be used on the trading platform, so it is important to have knowledge about the trading platform, such as knowledge about trading orders. Knowledge about various tools of trading platforms, etc.

* **Knowledge of the trading environment** The EA will trade on the real market, so it is important to have knowledge of the trading environment, such as knowledge of various factors. that affect the market, etc.

For those who are interested in writing EA on their own, it is recommended to start studying from the basics first, such as learning about the MQL4 programming language, learning about technical data analysis, etc., and then studying more about other knowledge. related When you have a good foundation You can start writing your own EA.

Here are some ways to start learning how to write EAs yourself.

1. Study the basics of the MQL4 programming language, such as declaring variables. Writing commands to control program flow, etc.

2. Study about technical data analysis such as using moving averages. Using technical indicators, etc.

3. Study about risk analysis knowledge, such as risk management with Stop Loss and Take Profit, etc.

4. Study about financial knowledge, such as knowledge about financial markets. Knowledge about financial products, etc.

5. Study about the trading platform, such as knowledge about trading orders. Knowledge about various tools of trading platforms, etc.

6. Study about the trading environment, such as knowledge about various factors. that affect the market, etc.

Once you have studied these basics, you can start writing your own EA. You may start by writing a simple EA, such as an EA used to open orders along the moving average line, etc. Then you can gradually develop the EA. more complexity

Writing EA requires knowledge and experience, so you should study and practice regularly. To be able to write an EA that is effective and can actually be used.