HOW TO CREATE YOUR OWN FOREX TRADING ROBOT. By: Onuegbu, Charles Izundu

(A Beginner’s Practical Guide to Designing, Building, Testing and Deploying an Automated Forex Trading System)
By: Onuegbu, Charles Izundu

TABLE OF CONTENTS:
Introduction
CHAPTER ONE: UNDERSTANDING FOREX TRADING ROBOTS
1.1 What Is a Forex Trading Robot?
1.2 Why Traders Use Robots

CHAPTER TWO: DESIGNING YOUR OWN TRADING STRATEGY
2.1 Turn Your Trading Idea Into Rules
2.2 Risk Management Must Be Part of the Strategy

CHAPTER THREE: BUILDING THE ROBOT
3.1 Choosing Your Trading Platform and Programming Environment
3.2 Converting Strategy Rules Into Code

CHAPTER FOUR: TESTING AND IMPROVING YOUR ROBOT
4.1 Backtesting
4.2 Demo Testing and Forward Testing

CHAPTER FIVE: DEPLOYING AND MANAGING YOUR FOREX ROBOT
5.1 Moving From Demo to Live Trading
5.2 Monitoring, Maintenance and Continuous Improvement
CONCLUSION

Introduction
The foreign exchange market, commonly known as Forex or FX, is one of the largest financial markets in the world. Every day, currencies are bought and sold by banks, institutions, businesses, investors and individual traders. Because the market operates for most of the week and prices can change rapidly, many traders have become interested in using technology to automate part or all of their trading activities.

One of the most interesting tools available to a modern Forex trader is the trading robot, also called an Expert Advisor (EA).
A Forex trading robot is a computer program designed to analyze market conditions and execute trading instructions automatically according to a predefined set of rules. Instead of sitting in front of a computer for hours waiting for a particular setup, the trader can program the rules into a robot and allow the software to monitor the market.

However, creating a trading robot is not simply a matter of telling a computer, “Buy when the market goes up and sell when it goes down.” A useful robot requires a clearly defined trading strategy, logical entry and exit conditions, proper risk management, reliable programming and extensive testing. This book will guide you through the fundamental process.

You do not need to be an experienced programmer to understand the concepts presented here. The purpose is to help you understand how a trading robot is designed so that you can eventually build one yourself, work with a programmer, or use artificial intelligence tools to help generate and improve your code.

Most importantly, remember that a robot cannot guarantee profits. Automation does not remove market risk. A badly designed robot can lose money faster than a manual trader because it can execute many trades without human intervention. Therefore, testing and risk management are just as important as the strategy itself.

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