Automated Platform for Forex Trading - Best Automated Forex Trading Platforms
Automated Forex Trading platform - for traders looking at new ways of forex trading where they can trade their forex accounts automatically using a automated forex trading robots and forex trading programs commonly known to as a automated forex trading Expert Advisor robots that are installed on the Automated Forex Trading Platforms - MT4 and MT5 platforms.
The automated forex trading softwares are programmed to profit from the forex market by trading currency price fluctuations, that is why these Automated Forex Trading Platforms are sometimes referred to as automated forex trading bots, that can trade the forex market automatically.
Automated Trading System Expert Advisors - Best Automated Forex Trading Softwares
Let’s say you want to start automated forex trading or already have started but you are looking to improve your automated forex trading system, then what are the methods that you can implement so as to improve your Automated Forex Trading Bot.
Methods to Improve Automated Forex System Installed Automated Forex Trading Softwares
1.Learn MQL4 Coding language or what is basically C plus plus programming language.
A good place to start learning MQL4 programming language with is the MQL4 EA forex forum community where you can get several MQL4 automated forex trading EA robots tutorials on - How Do I Build Automated Trading System Robots? - How to Create a Algorithm for Automated Forex Trading - How to Write Code for Algorithmic Strategies - How to Create a Bot on MetaTrader 4 - How to Create Expert Advisor MT4 Forex Robots - or ask automated traders using these automated forex systems where you can get these guides to learn this coding language.
Reason you want to learn how to program these automated forex robots is so that you can know how to program an automated forex trading robot according to Algorithmic Code Rules which you set for your Algorithmic System Forex Trading Robot. You will be in a better position to know how to translate a manual forex trading system to an Automated Algo Sytem that can be installed on an Automated Forex Trading Platform.
To give you a tip & a lesson in coding you will first need to specify pseudo code or the logic of your forex system - Algorithmic Trading Code - before translating it into an automated forex system Expert Advisor forex bot.
Once you learn a little bit of MQL4 programming this will help you quite a bit, it may not make sense now but once you start to code these automated forex EA trading systems learing this programming language will definitely make a lot of sense - after all without specifying the pseudo code like the above Algorithmic Trading Code Examples you will not make any head way in coding an automated forex trading software program, because you will have not specified what you want the automated trading system to do or where you intend to start from when creating your algorithmic forex bot.
2. Learn what metrics the automated forex trading system requires
Automated Platforms Software for Beginner Traders - Automated Forex platforms softwares used to trade the forex market without involving any human intervention are just a set of algorithms which mimic trading strategies, in fact these automated forex trading algorithms are the trading strategies themselves.
Traders using automated forex trading algorithms will take a strategy, program that strategy to come up with Algorithmic Code - this algorithmic trading code will be used to create the Automated Algo Trading Software - forex automated trading system, some traders using the popular MT4 automated forex platform, will commonly refer to these automated software programs as EA or Expert Advisors - these EA robots are installed on the Automated Forex Trading Platforms - MT4 Platforms - these automated forex trading EA robots are implemented using the popular MQL4 programming language, found within the MT4 platform software.
MetaTrader 4 Software - Automated Trading Softwares MT4 Software
A good Automated Forex Trading Platforms example is the MetaTrader 4 robots installed on the MT4 platforms using the MQL4 programming environment. The MT4 EA robots have so much parameters to optimize before implementing to trade on a real forex account, such that as a novice if you don’t optimize for any one of these parameters then your EA automated system might not be as profitable as it should.
Therefore make sure to know which parameters to optimize for your autom,ated Expert Advisor and also know how to optimize for these parameters.
MetaTrader 4 Strategy Tester - Automated Trading Softwares EA Strategy-Tester
3. Host Your Automated Forex Trading Systems Expert-Advisors on a VPS Server
Another thing that's coming about when it comes to these algorithmic trading forex systems is the VPS hosting or virtual private server hosting for Expert Advisor Forex Bots, so that these Expert Advisor Robots can trade from the servers round the clock as opposed to these Automated Expert-Advisors trading from your Personal Computer.
VPS for forex EA hosting - Virtual Private Server for Hosting Automated Forex Trading Softwares & Expert Advisor Bots
The thing about automated Forex trading robots is that these automated trading systems need extensive testing so as to deal with the dynamic nature of the forex market.
For Expert Advisors you need to host these Automated Trading Systems on a VPS server that can run your robots 24 hours nonstop, all you have to do is to hire a VPS server for about $20 - $50 dollars, then install a MetaTrader 4 software platform that you will download from your forex broker on this VPS server & then install you automated forex trading software on the MetaTrader 4 on the VPS servers and login to your forex account from MetaTrader 4 hosted on the VPS server and activate the Expert Advisors to continuously run on the VPS server.
Hosting Automated Forex Trading Platforms Software on a VPS server ensure that internet interruptions do not interfere with your automated forex trading robots that need to be in the market full time. Secondly, you can not run your Automated Expert-Advisors on your Personal Computer 24 hours a day.
4. Get a Good Broker - Choose a Good Automated Trading Broker
This may not seem as a point when it comes to improving your automated forex system, but consider this: A forex broker notices you are executing trades which are profitable & your trades are executed by scripts that are used by EAs, so the broker isn't a very good broker & maybe is a market maker that profits when you make losses, so the broker also has been in this game longer than you and knows that when you come to them with a profitable auto systems they also have their own virtual dealer plugin which beats your automated trading system hands down. So the broker implements Virtual Dealer Plugin then now when your automated forex trading system puts a trade it gets a requote such that this confuses your Expert Advisor robots, then the virtual dealer sometimes off quotes your automatic forex trading system, or it logs off your automated forex trading software for an hour such that when your automated forex system logs back again then the signals it generates are unpredictable.
So do yourself a favor get a genuine Automated Forex Trading Broker that will not manipulate your Expert Advisors when you will be trading with these Automated Platforms.