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TradingBotMaker

5-Day Algo Trading Starter Kit

A practical guide for MT4/MT5 traders who want to validate strategies safely before going live.

Day 0 — Pre-Live Checklist

Verify these 12 rules before attaching any bot to a live account:

  1. Strategy logic is written down in plain language (entry, exit, filters).
  2. You backtested on at least 1–3 years of history in Strategy Tester.
  3. Spread and commission settings in the tester match your broker.
  4. Max daily loss and max drawdown limits are defined.
  5. Position size is based on account risk %, not a fixed lot guess.
  6. Stop loss and take profit rules are explicit in the EA.
  7. You tested on demo for at least 2–4 weeks after backtest.
  8. News/session filters are configured if the strategy is time-sensitive.
  9. Symbol and timeframe match what you validated in testing.
  10. VPS or stable PC uptime is planned for 24/5 markets.
  11. You know how to disable the EA quickly in an emergency.
  12. You accept that past performance does not guarantee future results.

Day 1 — Strategy Tester Setup

  1. Open MetaTrader → View → Strategy Tester (Ctrl+R).
  2. Select your EA, symbol, period, and date range (include multiple market regimes).
  3. Set modeling to “Every tick based on real ticks” when available.
  4. Configure initial deposit, leverage, spread, and commission to match live conditions.
  5. Run visual mode once to confirm entries/exits look correct.
  6. Export the report and note: profit factor, max drawdown, win rate, trade count.
  7. Only proceed if results are stable across sub-periods, not one lucky month.

Day 2 — Simple RSI EA Logic

Mean-reversion style RSI flow (visual diagram):

RSI(14) < 30BUY
RSI(14) > 70SELL / CLOSE
Optional: spread < XAllow trade
Daily loss cap hitStop trading

Build this in TradingBotMaker: pick RSI indicator, set threshold conditions, add exit rule, compile, download.

Day 3 — Risk Management Worksheet

FieldYour value
Account balance$ __________
Risk per trade (%)____ % (aim 0.5–2%)
Max daily loss (%)____ % (aim 2–5%)
Max open trades____
Stop loss (pips/points)____
Calculated lot size____
Max drawdown stop (%)____ %

Lot size ≈ (Account × Risk%) ÷ (Stop loss in money per lot)

Day 4 — 15-Minute Builder Walkthrough

Video tour (placeholder — link will be added when published):

https://www.youtube.com/@TradingBotMaker — “Build your first EA in 15 minutes”

  1. Name your EA and choose MT4 or MT5.
  2. Add indicator(s) and define entry conditions.
  3. Set exit rules and optional money management.
  4. Compile and download the .ex4 / .ex5 file.
  5. Attach to Strategy Tester, then demo, before live.

Day 5 — Free vs Pro Comparison

FeatureStarter (Free)Trader (Pro)
Expert Advisors you can buildUp to 2Up to 10
Compiles per day550
Exit logic
Money management & safeguards
MQL source export
Basic filters (session, spread)

Upgrade when you need exit logic, more compiles, or source code — not before you validate on demo.

Start free: tradingbotmaker.com/user/signup

© TradingBotMaker — Not financial advice. Test thoroughly before live trading.