What is automated trading?

[Eaced1951]

What is automated trading and also what are the advantages of automated trading?

[msonic]

What is "automatic trading" ?

here is the simple explanation::


BUY when (certain condition is met)

THEN

SELL when (certain condition is met)


__________________________________
MT4 provide Meta editor for user to write their own EA (expert adviser) the automatic program.
Please notice that EA is different from "script" since script is only doing its only one time only, that is when you drop the script into the chart.

How does EA works? each data "tick" trigger event inside EA to evaluate all expression and variables.
Thus EA works 24 hour , 7 days a week. 52 weeks a year.

[raheelrehman]

In simple words, I can tell you about automated trading, an automated trading system is a system in which you don't need to do any trades, like manual execution, all the executions of your trades will happen automatically, whether you are using robots, scripts, copy trades or signals services. If you are using robots then you have ability to set the parameters of the robots, pending orders can also be taken as automated because once market reach to the limit, the orders will trigger automatically. :)

[goluikuli]

Every trade auto. no need to check.

TRY THIS

WEBSITE:

[sichone]

I want to share. I use an automatic trading on my trading forex. This is important for me to avoid me from any stress in my trading. But for the new traders, if you are interested in an automated trading, do not be in a hurry to use it. Yous should test it first until you are sure that it can make something profit to you and.

[AVX35]

In short automated trading is EA (expert adviser) trading and it consists of the use of a robot or program where its actions are determined by a set of rules dictated by the programmer.

[sichone]

I like to trading forex with an automated trading. In my experience, an automated trading will be more helpful for traders if he/she know deeply about its characteristic and that is why before using it (if you use an automated trading got from others maybe from internet), test it before using it in the demo account till you are sure that it will help you to maximize your profit. In my experience there some automated trading are not available with any certain broker.

[cochy17]

the decision on working of the automated trading plan those to had with the basics on commons as trader to prepare of the better on entering with the deeper on attention with the manage of the customs of evaluation as referring details on preset to work with the initialization on defining use with the strategy to run with the manage on exchanging of risks to turns with the numbers of target to complete with the given times of the sequence of the trading terms.

[MilkyWay]

Personally, I prefer manual trading. I always want to control every single step and get nervous when a robot trades and decides everything instead of me. Moreover, now many brokers, including Forex, started cancelling requotes, so why not trading on our own?

[gals]

In short automated trading is EA (expert adviser) trading and it consists of the use of a robot or program where its actions are determined by a set of rules dictated by the programmer.

In my opinion, EAs are designed to follow the technical analysis and subject more monitoring during the volatile market. So it may be hard to trust them if you aren't any developer, anyone who wishes to go fully automated should read the trading manual carefully of any EA before implementing it.

[Jillur Rahman]

Nowadays, automatic trading facilities are available here and there, especially copy trading system and PAMM account service! But I believe, this type of automatic trading service is not any permanent solution! Traders need own trading knowledge for being a professional Forex trader! On the other hand, blind trading is always risky, you can lose your money at any time if you rely on others trading system or strategy! So, always stay with your knowledge and stay safe.

[Noin1976]

Algorithmic trading (automated trading) is one of the strongest features of MetaTrader 4 allowing you to develop, test and apply Expert Advisors and technical indicators. It eliminates any obstacles in analytical and trading activity.

[maxman]

I must say that I prefer to have what is described as a semi auto system, where you receive signals from a software application and then you decide if you want to trade it or not. Has anyone had experience in this way of trading?
Cheers,

[J_C_Anderson]

Automated trading could be a great thing helping traders to avoid most of the mistakes caused by psychologial issues like the lack of the discipline or emotional trades made under influence of fear or greed. The most important part of automatization process is to create a robot that would be able to understand the rules prescribed by your strategy and find the setups you are looking for. Most of the automated trading systems use indicators-based trading strategies.
So, automated trading could create new trading opportunities, but it will require special knowledge if you would like to create your own system or EA. At the same time, it would cost the efforts.

[riskrewardratio]

The main feature of Risk Reward Ratio Indicator is to allow the user conscious investing. Each transaction bears certain risk. Risk Reward Ratio Indicator analyses the risk thoroughly, before position is opened. Therefore, it is much easier to make investment decisions. Risk Reward Ratio Indicator is compatible with MetaTrader 4 and MetaTrader 5 platforms. Risk Reward Ratio tool is a professional algorithm, that calculates risk of every transaction before it is finalized. It allows you to precisely estimate gain and possible loss. The professional system is able to estimate levels of Take Profit and Stop Loss incredibly precisely, making investments more effective and safer.

Easy investing, quick risk and gain calculations are only a few features of our tool. Extended functionality of Risk Reward Ratio indicator includes:
- following the price
- moving lines on the chart
- setting constant TP - SL levels
- removing all lines with one click
- closing one or all positions with one click
- adding and removing lines indicating TP/SL levels
- numerous other interesting and very useful features

You can test full version for seven days, completely for Free!

How to run Risk Reward Ratio?
https://www.youtube.com/watch?v=PGdSHj3THzE

[Raimondo Trentini]

Algorithmic trading (automated trading) is one of the strongest features of MetaTrader 4 allowing you to develop, test and apply Expert Advisors and technical indicators. It eliminates any obstacles in analytical and trading activity

[bravo]

Mechanized exchanging could be an extraordinary thing helping brokers to maintain a strategic distance from a large portion of the oversights brought about by psychologial issues like the absence of the order or enthusiastic exchanges made under impact of dread or voracity. The most significant piece of automatization process is to make a robot that would almost certainly comprehend the guidelines recommended by your procedure and discover the setups you are searching for. The majority of the computerized exchanging frameworks use markers based exchanging techniques.


In this way, computerized exchanging could make new exchanging chances, yet it will require unique learning in the event that you might want to make your very own framework or EA. In the meantime, it would cost the endeavors.

[Danielpeters]

Automated trading systems, or automated trading, allow traders to set particular rules for both trade entries and exits that can be automatically carried out by a computer. Trade entry and exit rules can be based on simple conditions, like a Moving Average (MA) crossover, or they can be based on sophisticated strategies that demand a comprehensive understanding of the programming language that is specific to the user's trading platform.

[Katrina]

Frankly I prefer to trade manually. I like to have control in my hand and not in the bots, which can make faulty decisions.

[maby81]

Automated trading has its pros and cons. I came across this robot and it looks interesting - https://fxmerge.com/strategies-results/51/ea-profiter .
Is anyone else using it? As I was considering using it and since I am still not sure how it works exactly it would be nice to get your feedback.

[FXOpen Trader]

Automated trading has its pros and cons. I came across this robot and it looks interesting - https://fxmerge.com/strategies-results/51/ea-profiter .
Is anyone else using it? As I was considering using it and since I am still not sure how it works exactly it would be nice to get your feedback.

If we are actually doing our trades in the Automatic modes then we will need to use some Reliable based Expert Advisers.

[csaroboll]

I am sure that bots will never cope with stock market analysis better than a competent broker. Experience and intuition are things that are not available to a computer program. I am very successful in trading futures on https://www.CanadianFuturesTrader.ca/deal (https://www.CanadianFuturesTrader.ca/deals). And I have noticed more than once that some traders are lazy and activate bots. They lose a lot of money this way. However, I don't mind it. This makes it easy for me to earn an extra thousand. But those who want to make money on the stock market should still study economics and do it themselves.

[Katrina]

Automated forex trading software runs on a program that analyzes currency price charts and other market activity over multiple time frames. The software identifies signals - including spread differences, price trends, and news that may affect the market - to locate potentially profitable currency pair trades.

[Foget]

Automated forex trading software runs on a program that analyzes currency price charts and other market activity over multiple time frames. The software identifies signals - including spread differences, price trends, and news that may affect the market - to locate potentially profitable currency pair trades.

What is this program? Where to download, where to test. Will it work on the ForexChief terminal?

[Katrina]

For currency speculators who trade not based on interest rates but on currency spreads, automated software can be very effective because the price difference is immediately apparent and the trading system reads the information and executes the trade.

[Foget]

For some trading robots, low spread is very important. I myself did an experiment as it. Opened the invoice for some companies and put a trading robot. Watched where there will be better results. As a result of 3 companies, the best was in Forex Chief

[Katrina]

Automated forex trading is an algorithm-based, hands-off approach to trading. An automated trader is a computer program that analyzes price patterns, decides whether to buy or sell, and execute trades. Institutional traders have been using algorithmic trading for some time.

[Foget]

Now, many private traders use trading robots. For ForexChief is not bad trading robots work. But I'm still trading only myself, hands

[Katrina]

Automated trading is a method of participating in financial markets through the use of programs that enforce pre-set rules for entering and exiting trades. As a trader, you combine comprehensive technical analysis with setting parameters for your positions, such as opening orders, trailing stops and guaranteed stops.

[Foget]

Yes. By the way, it is sometimes very difficult to find a forex broker for trading sales advisors. Trade advisors are very sensitive to trade conditions. I know that sales advisors work well on Forexchief. But I am usually trading myself.

[gals]

Automated trading is a method of participating in financial markets through the use of programs that enforce pre-set rules for entering and exiting trades. As a trader, you combine comprehensive technical analysis with setting parameters for your positions, such as opening orders, trailing stops and guaranteed stops.

Trade veterans usually prefers trading manually however if you have any valid profitable strategy you can get it coded into an EA to automate your trading experience. However, EA trading also require monitoring during the volatile market conditions.