How to write a MetaTrader 4 Trading robot using ChatGPT 

Creating a trading robot (Expert Advisor) for MetaTrader 4 (MT4) using ChatGPT is a straightforward process that saves time and simplifies development. ChatGPT can generate MQL4 code based on your strategy, even if you have no prior coding experience. Here’s how: 

1. Define Your Strategy 

Outline the rules for your trading robot. Be clear about: 

  • Entry and Exit Points: E.g., buy when the 50-day moving average crosses above the 100-day moving average. 
  • Risk Parameters: Stop-loss and take-profit levels, lot sizes, etc. 
  • Trading Conditions: Timeframes, specific instruments, or additional filters. 

2. Input Your Requirements into ChatGPT 

Describe your strategy in detail to ChatGPT. For example: 

"Write an MQL4 script for an EA that buys when the 50-day moving average crosses above the 100-day moving average and closes the trade when they cross back. " 

ChatGPT will generate the corresponding MQL4 code for your trading robot. 

3. Review and Test the Code 

Copy the code into MetaEditor, MT4’s coding environment, and compile it. Address any errors by refining the code with ChatGPT's assistance. Test the EA using MT4’s backtesting feature to ensure it functions correctly. 

4. Optimize and Deploy 

Once tested, optimize the robot for better performance, such as adjusting moving average periods or stop-loss levels. Deploy it first on a demo account to monitor live performance before using it in real trading. 

Course 3: AI Trading MetaTrader 4: What are MetaTrader 4’s inbuilt AI capabilities? 
schedule

4 Min.

quiz

Quiz.

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Course 3: AI Trading MetaTrader 4: How to write a MetaTrader 4 Trading robot using ChatGPT 
schedule

4 Min.

quiz

Quiz.

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Course 3: AI Trading MetaTrader 4: How to write a risk management robot using ChatGPT (MetaTrader 4) 
schedule

6 Min.

quiz

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