Your Idea ... Your Expert Advisor ... Your Way ...

For good traders
who want to become
rich ones …

By David M. Williams

CEO iExpertAdvisor, LLC

With good reason, FOREX traders everywhere are learning MQL - as fast as they can - and turning their ideas into working Expert Advisors.

Maybe you have an idea for an Expert Advisor ...

Or maybe you'd just like to build a few simple Expert Advisors - tinker with them to help uncover that clever idea that's just outside your reach.

Let's face it, we both know that finding a good trading strategy takes time, patience and sometimes a little luck. 

But turning your strategy into an Expert Advisor should take none of these.

Well, maybe a little time.  But there shouldn't be any luck involved - and it shouldn’t test your patience.

It's All About This Major Change in The World of MQL ...

I can show you how to turn almost any trading idea into a working Expert Advisor. Quickly - and without needing any programming skills.

An Expert Advisor - also called an EA - is a hands free, automatic trading system. It executes your trading rules with deadly accuracy.  24 hours a day, 7 days a week.

Used to be, you needed the skills of an experienced computer programmer to build an Expert Advisor.

Not anymore.  Things have changed.

It's finally possible to build and run your own profitable Expert Advisor – using your own ideas, your own strategies - and on your own terms. 

For the first time ever, non-programmers are no longer blocked from turning their strategies into Expert Advisors!

And not just simple EA's - limited to simple buy/sell logic. 

I'm talking about full blown, feature-rich EA's with Custom Indicators, Alerts, Time-based trading rules - the works.

Listen, less than 5 years ago, the only traders running automatic (or mechanical) trading systems were hedge fund managers and private traders that could afford expensive platforms like TradeStation or Interactive Brokers. 

By the way, companies like TradeStation charge big bucks for their platform, and then they charge you for their data feed and then they charge you commission on every transaction!

MetaTrader is free.

So you can see that MetaTrader (MT) really is a game-changing opportunity.  The platform is free, the data feed is always free and you can get a demo account from your choice of hundreds of brokers.

What's funny about this, is that the MQL language which drives MetaTrader Expert Advisors is actually more powerful than the languages offered in those expensive, pay-as-you-go platforms.

MetaTrader's Expert Advisors give you a great opportunity.  And now it's easy for you to take advantage of this opportunity - just like the thousands of Forex traders that already have.

Imagine the satisfaction of watching the Expert Advisor you built consistently close trade after profitable trade.

So What’s Behind A Consistent, Profitable Expert Advisor Anyway?  Hint, It's Not In Your DNA

I speak with a lot traders.   I know within minutes if they are doomed to failure. 

If you can't describe - in detail - how you will open, close and manage your trading positions, then I know you're not gonna make it. 

Sooner or later, you'll do something - something unplanned - that will wipe your account clean. To zero.  Or at least trigger a margin call from your friendly broker.

It's sad, because it doesn't have to be this way.

You may have heard the saying "Plan your trade, trade your plan".  Traders that succeed plan all aspects of their trade.

Following your plan is a good start. 

Not following your plan will - beyond a shadow of a doubt - eventually lead to disaster.

And of course, not even having a plan makes failure quick and certain. Seriously - you might as well throw your money out the window.

On the flip side, simply having a trading plan is more valuable than having any specific trading skill!

I know - this may sound hard to believe, but it’s been proven true.

This “Secret” was Proven Almost 30 Years Ago

In 1983, the famous commodities trader Richard Dennis had an ongoing dispute with his good friend Bill Eckhardt about whether great traders were born or made.

Dennis believed he could teach ordinary people to become great traders.  Eckhardt thought genetics were the determining factor.  

They conducted the now-famous experiment called the "Trading Turtles". They gave very simple - yet precise rules - to a group of inexperienced traders. 

The results were overwhelming. The traders that consistently followed the simple rules had outstanding success.

The magic was in the system - not in the trader.

Don't let this subtle point pass you by. This study actually proves that skill is not required to make money in the markets.

Consistency is more important than skill!

Traders like you and I know that to win in the markets you need an edge.  Something that gives you a better chance. 

Well, your trading system gives you a better chance.  Your trading system is your edge.

Richard Dennis proved it - and traders just like you have been proving it to themselves for years.

All professional traders follow a complete trading system - consistently.  They don't just buy the EURUSD because they have a hunch.  They buy or sell a currency when the market meets the exact conditions specified by the rules of their trading system.

 
One of the hidden - and best - features of an Expert Advisor is that it forces you to spell out your trading rules! 

It's a computer program  - it only does what you tell it to do.  So if a rule is missing you find out right away. Running your Expert Advisor is like having a fulltime trading mentor!

Love at First Sight – Really, I Mean it!

My name is Dave Williams.

I love the MetaTrader platform - the fact that it is free and yet really, really powerful.   MetaTrader is the best thing that's come along for traders like us in a long time.

I've developed hundreds of MetaTrader Expert Advisors for myself and other successful traders for over 5 years now.

After building so many Expert Advisors, I began to see a pattern.  Over 95% of the EAs that I developed followed the same work flow.

So I began to build tools to make the work easier. (After all, I am a programmer - so this came easily.)

The result of all this work is the Visual Traders Studio© for MetaTrader  (VTS for short).

VTS is a windows-based application that allows you to build Expert Advisors by dragging and dropping - without the need to know the MQL language. 

Sounds Good Dave, Why Don’t I Just Buy An EA?

Listen, I'm not a pessimistic person - I really believe that most people are good by nature.

But, boy, when it comes to MetaTrader Expert Advisors, you gotta do your homework.

If you've been involved in Forex for a while, you have probably come across hyped-up trading systems. Systems that claim to make you rich by about this time tomorrow.

Maybe you've even bought a few - there is no shame in that.   (I’ll explain the exact reason why later).

But let me tell you the ugly truth about some of these Expert Advisors.

Sadly, it's very easy to manipulate the results of an Expert Advisor - and make it look like a great market performer.

First off: You cannot trust MetaTrader historical results. 

The MetaTrader back test - which uses historical price data - is not very accurate.  Even on clean data.  And most vendors do not use clean data.

Also, it's easy to "curve-fit" an Expert Advisor. 

Curve-fitting means the Expert Advisor has been built to work for specific historical data. 

Rules are applied that work on that, and only that, exact time period. 

These rules are always too specific.   Statistically, they have a near-zero chance of working in the future!

And Second: You can't trust go-forward results either. Not even recommendations from satisfied users.

Most Expert Advisors can be configured by the user.  Hell, some even have the ability to reverse the trade: meaning what's normally a buy signal becomes a sell signal and vice-versa. 

If the same EA is run under 100 different configurations, there is a pretty good chance that one of the configurations will show a profit.

Does this mean it is a good EA?

(What do you think the chances are it will be the configuration you choose? Please.)

By the way, this concept is called "survivorship bias".  Kind of implies that if 100 rats are flushed down a sewer, 1 or 2 will come out alive.  Doesn't have much to do with the particular rat - it just happens sometimes.

So even if you read recommendations - from actual happy customers - they may just be one of the few lucky rats!

By the way, "survivorship bias" is not limited to Expert Advisors. It affects any trading system (manual or automatic) and even trade signal services.

If You Get This, You’ll Win

So, who can you trust?  You know the answer: You.

Again, I’m not this pessimistic.  I think most vendors are honest and are trying to provide a valuable service. But when it really comes down to it, you can only trust yourself.

Your edge is your system. Period. 

Only a tiny fraction of people can get their minds around this powerful truth. It's a switch in perspective that can change the way you trade the markets forever.   Your Expert Advisor, built around your ideas, executed the way you see fit.

What Are Your Choices?

Once you realize that your key to success in the Forex market is your system - your Expert Advisor, you need to set about building your EA. 

There are three options …

You can hire a programmer.  This is a good option, but it can be  expensive. And it is a bit of a hassle.  The only way the programmer can create your EA is for you to tell him precisely how your system works.  This can be difficult with nuances of your system.  If you throw in a cultural and language barrier it gets a lot harder. Like they say, managing programmers is like herding cats!

You can learn MQL.  If you have a background in computer programming, the MQL language should not be too difficult to pick up. If don't have any experience in programming, then you need to learn basic programming and MQL.  This can be a steep learning curve.  Definitely worth learning, but expect it to take a while before you are proficient.

You can use the Visual Traders Studio©.  VTS allows you to turn a trading idea into an Expert Advisor in minutes - without the need to know MQL.  Of course, if you like, you can learn MQL as you use VTS to build your Expert Advisors.

The One Thing That’s Always Come Pretty Easy To Me (and most other traders too)

Look, it’s all about speed. 

One of the more fascinating secrets about developing an Expert Advisor is that failure is good.  Ok, not always - but if your system is going to fail, better it fails sooner rather than later. This concept is called "accelerated failure".

Why is "accelerated failure" important to you? Because as soon as your Expert Advisor fails you make changes - or abandon the strategy altogether - and you move on - quickly.  You don't pin your hopes to an unproven idea.

Most traders get stuck automating their Expert Advisor. Their EA could be the Holy Grail or it could be an absolute disaster, but they don't know yet.

They don't know because they've spent 6 months working on an Expert Advisor that should have been done in 6 days.

The power of "accelerated failure" is fully embraced among serious trading system developers.  It separates the professionals from the amateurs, the Do-ers from the Wanna-Bes.

Listen, when you leave your ego at the door, force your ideas to either show promise or be discarded – then, at that point you are building and running Expert Advisors just like one of the ultra secretive, deep-pocketed hedge funds!

What’s the Recipe For Developing an Expert Advisor?

I call my recipe for developing Expert Advisors the Expert Advisor Development Cycle.  It's simple - it's just the 6 steps you must complete to qualify your Expert Advisor for live market action.  

• Step 1. Develop your strategy. An Expert Advisor always starts with an idea or strategy. OK, remember I said there was no shame in buying one of those hyped-up trading systems that claim to make you rich overnight? The reason is that I’ve found these systems to be pretty good “creative” starting points. Except for the worst-of-the-worst, most of these systems are built around an interesting strategy. What I’ve done in the past, is take some part of the strategy and use it in my own way – a way that makes sense to me.

• Step 2. Build it. Your idea is translated into a working program - an Expert Advisor.

• Step 3. Verify the logic. The EA is tested for executing its desired logic. Important - the EA is not tested for performance yet.  It is only tested to verify that the logic executed by the EA is the logic you intended.

• Step 4. Simple testing. The EA is tested for performance through some simple backtesting.

• Step 5. Live testing. The EA is tested on live data. A demo account of course!
  

When the performance on your demo account is acceptable – and your EA has run through various market types (trending, range-bound, volatile, etc), then your EA can be started on your Forex micro or mini account and finally your standard account. 

(Note - and this is an important point - the behavior of the EA may be different on your micro, mini and standard account. All three should be evaluated individually.)

Sadly, most traders get stuck inside the cycle forever.

Why?

Because the nature of developing a trading system is iterative. 

After an idea has been implemented, its behavior almost always inspires more ideas - some similar to the original idea - some completely new.  This is just the way the creative process works.  At this point, where your ideas begin to breed new and more creative ideas – well, this is where the real magic happens.

And this is why your speed is important:    The faster you complete the cycle, the faster you perfect your trading systems, the faster you are running profitable Expert Advisors.

When you can drop a bad idea like a bad habit, develop new strategies based on your ideas that show promise, all at lightning speed - then you are operating at the black belt level.  You've taken your edge - building your Expert Advisor, your way - and turned into a dominating -  almost unfair  - advantage. 

 The Visual Traders Studio for MetaTrader Does The Hard Work For You

With the Visual Traders Studio © you'll cruise through the development cycle and quickly turn your ideas into Expert Advisors.

Using VTS:

ü You do not need programming skills

ü You decrease your development time - from hours or days to minutes

ü You easily reuse code by dragging and dropping

ü You share ideas and strategies as visual diagrams

OK, So Exactly, and I Mean Exactly, What is the Visual Traders Studio for MetaTrader?

The Visual Traders Studio © for MetaTrader is a windows application that runs locally on your computer.  If your computer can run MetaTrader, then it can run VTS. 

VTS generates MQL code from the drawing you create and then uses the MetaTrader platform installed on your computer to convert the MQL code into an Expert Advisor.

VTS starts with what I call the basic drawing Elements.  They are:

·         Note.  Note Elements are used to provide helpful notes to the EA developer.

·         Variable .  Varibale Elements are used to store Expert Advisor data.

·         Function.  Function Elements are used to call MetaTrader functions, as well as User functions or native MQL code.

·         Logic.  Logic Elements are used to implement if/then logical clauses based on Expert Advisor conditions.

·         End.  End Elements are used to terminate, or end, a logic path.

These Elements are selected and dragged from the ToolBox onto the Drawing pad, and connected with links.

That’s it. 

You press the Build button and VTS generates the MQL code and then compiles the MQL code into a working Expert Advisor!

Correct MetaTrader 4  MQL code every time!

This is a screenshot of the VTS main workspace.

The Toolbox is on the left side of the workspace.  The tabs of the Toolbox are used to create new elements or locate already created Variables, Logics and Functions.

This is what the Elements look like when they are dragged onto the drawing pad.

Each Element provides 3 buttons along the bottom to provide help, information and the ability to configure the Element. 

The Elements are connected using a links.

All Elements but the Logic Element have a simple In and Out connection point. 

The Logic Element provides 2 Out connection points - a True and False.  The system will follow the True link if the Logic's condition is true, otherwise it will follow the False path.

When you drag an item from the Toolbox to the Drawing Pad, VTS prompts you to configure the function correctly. 

There is no guess work. Values for each parameter are available from an easy pull down menu.

In this screenshot you can see how easy VTS makes it for you to define the parameters for the iAdx indicator.





VTS Supports Custom Indicators

VTS makes it easy to use Custom Indicators within your Expert Advisor. 

        1. You don't need the MQL source code to use your Custom Indicator. 
 
        2.  Any Custom Indicator found on your computer is available to drag onto your VTS drawing. 
 
        3.  The first time you use your Custom Indicator you are guided through defining its parameters.

So with VTS, using a Custom Indicator is just as easy as using a standard MetaTrader indicator.

To create an new Expert Advisor, you click the New button and the New System window is displayed.  You simply choose the type of system you would like to create and select OK.

You can use a Custom System to create your free-form Expert Advisor.  The QuickStart Systems create an Expert Advisor that uses rules to open and close both Buy and Sell trades.

And then there are the Strategy Templates.  These systems are ready to go with the push of a button.

IndicatorSystem
ReversalSystem
TimeEntrySystem
PriceEntrySystem
BreakOutSystem
CrossOverSystem

Select one of these Strategy Templates and a complete system is drawn on the VTS drawing pad.

* Any element of the system can be configured by clicking and selecting.
* Items can be added and removed by dragging and dropping.
* Push the Build button and the Expert Advisor is automatically built.
* The Expert Advisor is ready to be added to a chart on your MetaTrader platform.

Strategy Templates are working Expert Advisors. They can be used "as-is" out of the box, or they can be changed to meet your specific needs.

The QuickStart Systems and the Strategy Templates allow you to create powerful EA's using the System Managers.

The System Managers provide a whole load of powerful new functionality.  Most of these features were requested by our current users. 

The traders using VTS asked for this functionality, so I worked it into the next major release.

The Open Trade Manager is to define the values used when opening new trades.

The Trade Set Manager is used to define what Currencies your Expert Advisor manages.

The Trade Signal Manager is used to tell your Expert Advisor how to behave on subsequent  Trade Signals.

The Trade Time Manager is used to precisely define the behavior of your Expert Advisor for up to 4 specific times period for each trading day.

The VTS application even allows you to launch your MetaTrader platform within the VTS workspace.  This allows you to easily and quickly build your EA's and then attach them to your MetaTrader price charts.

To see the latest help files for VTS, click here.

The Visual Trader Studio for MetaTrader combines everything you need to seamlessly design, build and test your MetaTrader Expert Advisors in your way.

How Much For All of This?

I charge $75 USD an hour to develop an Expert Advisor. 

A typical Expert Advisor takes about 4-6 hours to build. So the minimum cost to have an Expert Advisor custom built is about $300.  That's for one EA.  Remember, VTS can build an unlimited number of EAs!

VTS comes with 6 ready to go Expert Advisors (Strategy Templates) and allows you to personally create hundreds, even thousands,  of custom Expert Advisors without the need to become an MQL expert.

Remember, with VTS:

ü You do not need programming skills

ü You decrease your development  time - from hours or days to minutes

ü You easily reuse code by dragging and dropping

ü You share ideas and strategies as visual diagrams

Get VTS Now and I'll Include These 3 Real Bonuses at No Cost

Right now (and not for long) I am giving away three bonus products when you buy VTS.

These bonuses are not "made up" products.  They are not low quality eBooks thrown together to be used solely as eye-catching, no-content bonuses.

These are my products that I have been selling -  and selling well - on my website iExpertAdvisor for the last 5 years.

Free Bonus #1: Automatic Alpha: How to Build a Winning Forex Trading System

Automatic Alpha is an 80+ page eBook that fully describes the process of developing a winning trading system.  Building a winning trading system can be an illusive task. Fact: Most traders will never develop a winning trading system without using the techniques described in Automatic Alpha. Click here to see the full product info.

Automatic Alpha Value: +$99

Free Bonus #2: MQL For Traders

This book is a 112 page step-by-step tutorial designed to teach anybody how to program in MQL in about 1 day.  Click here to see the full product info.

MQL For Traders Value: +$59

Free Bonus #3: TrendLineAlert

Remember I said VTS can be used for 95% of EAs?

Well this EA is an example of the 5% that would be hard to develop using VTS.  This EA is attached to multiple charts, each chart can have 1 or more user-drawn trendlines.  If any of the trendlines are broken, or a combination of the lines are broken, an alert is generated.

This Expert Advisor is complicated because the charts need to communicate with each other. For the first time ever, I am including the source code in this special bonus package. (The source code is not included in the standard offer).  I am providing the source code so you can appreciate the power of VTS and MQL.  Click here to see the full product info.

TrendLineAlert Value: +$99

Total Bonus Value (yours at no cost): $257

The VTS Life Time Guarantee

The MetaTrader platform will continue to change - that's a fact.  We have already seen 3 versions of the MQL language:  MQL3, MQL4 and MQL5. And each new version has introduced major changes. 

I personally guarantee that VTS will always keep up with changes to MQL - at no cost  to existing customers. 

This means when MQL5 becomes stable, we'll offer an upgrade to our existing customers to build MQL5-ready Expert Advisors. (New customers will have to pay for this feature.)  And if an MQL6 comes along, well you get the picture ...

But this is not limited to major changes - like going from MQL4 to MQL5.  The Life Time Guarantee also applies to all of the small changes that will occur. 

In other words VTS is a living product.

Best of all, the features added to VTS are based on your feedback.  I actively collect feedback from traders like you and use your suggestions to develop new features.

I have 4  major features scheduled for release this year.  The price of VTS will increase with the release of each new feature.  Remember the upgrade for existing customers for every new feature is free, so the sooner you get VTS, the better deal you get.

The first release of VTS (version 1) was sold for over 2 years at the price of $247. 

This latest version, Visual Traders Studio © for MetaTrader, includes a complete upgrade of the user interface as well as loads of new features -  features requested by the traders that use VTS every day.

I've actually lowered the price.

The price of Visual Traders Studio © for MetaTrader is normally $299.

This special offer price, including all 3 bonuses,  is only  $187.

You save $372!

Don't wait to take advantage of this offer.

• I will remove the free bonus products when my user base reaches a sufficient size. 

• The price of VTS will increase with the introduction of each new feature. 

What's The Catch? Why Is This Offer So Good?  

It's known that I deliver high quality products - and that I rarely discount.  So there's a good reason I'm making this rare offer.

The Visual Traders Studio© for MetaTrader is the second generation of VTS created by iExpertAdvisor.  The initial version of VTS  was released almost 2 years ago and has been an enormous success. 

(By the way, if you purchased VTS 1.0, you don't need to purchase Visual Traders Studio © for MetaTrader.  You get it free!  Remember all upgrades are free.)

I need to quickly build up the user base for my latest VTS version.  This works out good for you - and this is the why I am making this great offer. 

You see, the larger the base of users, the better the product will be.  I am not aware of any competition at this time - there is no other visual Expert Advisor builder.  But if any competition comes along, I want to be years ahead.  My goal is to always have the best visual Expert Advisor builder - a product that blows any other out of the water. Not just better.  I'm talking no-comparison better. 

You can help me.  When you purchase VTS, the profit goes directly towards research and development.  And when you provide feedback for new features you give me the direction I need to make VTS the #1 leader in visual trading system development.

I'm told that VTS is way underpriced.  Maybe that's true, but the bottom line is this: I'd rather sell more copies at a lower price than less copies at a higher price.  Like I said, I want - I need - to build up my user base.

30 Day Money Back Guarantee

If you don’t agree that the Visual Trader Studio, along with the rest of these bonus products, are worth many times the $187 you paid … if you can’t see how it will add a mountain of money to your bottom line … just return it anytime in the next 30 days and I’ll promptly refund your money, no questions asked.

Fair Enough?

Yours for Bigger Winners, More Often,

Dave Williams

David M. Williams

CEO iExpertAdvisor, LLC

Yes, I want the Visual Traders Studio © for MetaTrader, along with all 3 bonus products:  Automatic Alpha, MQL for Traders and TrendLineAlert -  ALL for the low price of  $187 I understand that I’ve got a full 30 days to thumb through and start using the Visual Traders Studio. And if I’m not absolutely convinced that these tools can fatten my trading account – I can return it for a full refund, no questions asked. The Visual Traders Studio ©and all 3 bonus products are delivered electronically.  They are available for immediate download.  You can start running the Visual Traders Studio© minutes from now!

Remember,  I want as many traders as possible to use VTS.  If the standard price is too high for you right now, I understand and I'm offering an entry level, digital basic version.  This offer does not include any of the bonuses, but you can get started with VTS at the low price of $147.

Yes, I want the Visual Traders Studio© for MetaTrader at the low price of  $147 I understand this offer does not include any of the 3 bonus products, but it does include the Life Time warranty. Also, I understand that I’ve got a full 30 days to thumb through and start using the Visual Traders Studio. And if I’m not absolutely convinced that this tool can fatten my trading account – I can return it for a full refund, no questions asked. The Visual Traders Studio© is delivered electronically.  It is available for immediate download.  You can start running the Visual Traders Studio© minutes from now!