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:
- Strategy logic is written down in plain language (entry, exit, filters).
- You backtested on at least 1–3 years of history in Strategy Tester.
- Spread and commission settings in the tester match your broker.
- Max daily loss and max drawdown limits are defined.
- Position size is based on account risk %, not a fixed lot guess.
- Stop loss and take profit rules are explicit in the EA.
- You tested on demo for at least 2–4 weeks after backtest.
- News/session filters are configured if the strategy is time-sensitive.
- Symbol and timeframe match what you validated in testing.
- VPS or stable PC uptime is planned for 24/5 markets.
- You know how to disable the EA quickly in an emergency.
- You accept that past performance does not guarantee future results.
Day 1 — Strategy Tester Setup
- Open MetaTrader → View → Strategy Tester (Ctrl+R).
- Select your EA, symbol, period, and date range (include multiple market regimes).
- Set modeling to “Every tick based on real ticks” when available.
- Configure initial deposit, leverage, spread, and commission to match live conditions.
- Run visual mode once to confirm entries/exits look correct.
- Export the report and note: profit factor, max drawdown, win rate, trade count.
- 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):
Build this in TradingBotMaker: pick RSI indicator, set threshold conditions, add exit rule, compile, download.
Day 3 — Risk Management Worksheet
| Field | Your 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”
- Name your EA and choose MT4 or MT5.
- Add indicator(s) and define entry conditions.
- Set exit rules and optional money management.
- Compile and download the .ex4 / .ex5 file.
- Attach to Strategy Tester, then demo, before live.
Day 5 — Free vs Pro Comparison
| Feature | Starter (Free) | Trader (Pro) |
|---|---|---|
| Expert Advisors you can build | Up to 2 | Up to 10 |
| Compiles per day | 5 | 50 |
| 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