CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Beginner

How can I create an algorithm or trading robot for my strategy without coding knowledge?

If you have no coding experience or skills nor the time required to learn how to code, then there are options available for you. 

You could search for ready-made (off-the-shelf) expert advisors or algorithms where you pay simply for the software or executable file that you place on your platform. On MT4 or 5 these can be found here. For cTrader users these can be found here.

However, an alternative exists if you’re a trader with a specific strategy in mind that you would like to have coded up as an algorithm to trade for you. Freelance developers and coders who specialise in the languages and software used by MT4, MT5 and cTrader can be hired for a fee to develop any number of indicators or expert advisors that you believe will result in a profitable strategy. Simply provide them with your criteria for the algorithm required and negotiate a payment for the final product.

On MT4 & MT5 you can head to the Freelance section of the MQL5.com site and request a job in either the MQL4 or MQL5 language, depending on which platform you are using. For cTrader users, you can head to the Jobs section of the cTrader website.

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