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)


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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.