Yeah I've tried it out. Tried out some expert advisers while I was it. I think I backtested them, with the strategy testing bar(if thats the right way to backtest them?). I tried the 5 most renowned ones-the ones found here http://www.earnforex.com/mt4_expert_advisors.php) These expert advisors would supposedly generate profit. All turned out to be unprofitable. From that experience, im very sceptical to pure mechanical trading, since the results just seemed too random. I still believe in tecnical trading, but I believe there are far few parametrars to your disposal, at least with MT4(though, i havnt set up a strategy by myself, but i can hardly picture how my strategies could be mechanized).
I only tried out the expert advisor with back testing.Didnt even bother forward testing them. All of them generated negative results. And if there are thousands of people trying to mechanize, all with poor results,isnt it reasonable to think that having a 100% mechanized system isnt the easiest thing?
Im learning about metatrader 4. How hard is it to learn the MQL-4 language(if you have never programmed before) in order to set up your own expert advisor?
I also heard the broker isn't the most reliable one. However, i just wanted to use it for backtesting, and maybe forward testing in demo mode. Or are there problems associated with this too?
So you are telling me that profitable expert advisors exist? Not that I dont believe it. I'm just sceptical.