Automated Trading System Strategy - Forex Trading Strategies Expert Advisors

Automated Forex trading software is a popular topic with traders looking at new methods of trading where they can automate and trade their accounts automatically using a trading program or what is commonly referred to as Forex Trading Strategies Expert Advisors.

The automated trading strategies are programmed to profit from the currency market by trading market fluctuations, that is why they are sometimes referred to as forex trading robots, that can trade the forex market automatically.

Automated Trading System - Forex Trading Strategies Expert Advisors

Automated Trading System Strategies - Forex Trading Strategies Expert Advisors

Let’s say you want to start automated trading or already have started but you are looking to improve your automated trading strategy, then what are the methods that you can implement so as to improve your Forex Trading Strategies Expert Advisors.

Methods to improve Automated Forex Trading Strategies Expert Advisors

1.Learn MQL4 Programming language or what is basically C++ programming language.

A good place to start with is the MQL4 forex community where you can get several learn MQL4 tutorials or ask traders using these Forex Trading Strategies Expert Advisors where you can get these MQL4 tutorials to learn this EA programming language.

The reason you want to learn how to program these Forex Trading Strategies Expert Advisors robots is so that you can know how to program an EA according to the trading rules which you set for your trading strategy. You will be in a better position to know how to translate a manual forex trading strategy to an automated Forex Trading Strategies Expert Advisor EA Robot.

To give you a forex tip and a lesson in forex EA programming you will first need to specify pseudo code or the logic of your forex strategy before translating it into an Automated Forex Trading Strategies Expert Advisor.

Once you learn a little bit of programming this will help you quite a bit, it might not make sense now but once you start to code these EA automated trading strategies it will definitely make a lot of sense, after all without specifying the pseudo code like the above Forex example you will not make any head way in programming an automated trading strategy, because you will not have specified what you want the trading strategy to do or where you intend to start from.

2. Learn what metrics the automated trading strategy requires

Automated Forex Trading Strategies Expert Advisors used to trade the forex currency market without involving any human intervention are just a set of algorithms that mimic forex trading strategies, in fact these algorithms are the trading strategies themselves.

Traders using automated forex trading EA robots will take a strategy, program that trading strategy to come up with an automated forex trading system, some forex traders using the popular MT4 platform, will commonly refer these Forex Trading Strategies Expert Advisors as EA or Expert Advisors, that are implemented using the popular MQL4 programming language, found within the MetaTrader 4 software.

MT4 Software Automated Forex Trading Strategies Expert Advisors

A good example is the MetaTrader 4 robots that have so much parameters to optimize, such that as a novice if you don’t optimize for any one of them then your Forex Expert Advisor system might not be as profitable as it should.

Therefore make sure to know which parameters to optimize for and how to optimize for these parameters.

MetaTrader 4 Strategy Tester - Forex Automated Trading System

3. Host your automated forex trading system on a VPS server

Another thing that is coming about in when it comes to these Forex Trading Strategies Expert Advisors - is the VPS hosting or virtual private server hosting for EA Forex Robots, so that these Forex Trading Strategies Expert Advisors can trade from the servers round the clock as opposed to these Expert Advisors trading from your Personal Computer.

VPS Hosting - Virtual Private Server for hosting Automated Forex Trading Strategies Expert Advisors

The thing about automated Forex trading is that they need extensive testing so as to deal with the dynamic nature of the forex currency market.

For Automated Trading System Expert Advisors you need to host it 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 platform from your broker on this VPS server and then install you automated Forex Trading Strategies Expert Advisors on the MetaTrader 4 platform installed on the VPS and login to your account and activate the Expert Advisors to continuously run on the VPS server.

Hosting on a VPS ensure that internet interruptions do not interfere with your Forex EA robots that needs to be in the market full time. Secondly, you cannot run your Expert Advisors on your Personal Computer 24 hours a day.

4. Get a good forex broker

This might not seem as a point when it comes to improving your Automated Trading System, but consider this: A forex broker notices you are executing trades that are profitable and your trades are executed by scripts that are used by Expert Advisors, so the broker is not a very good broker and 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 that beats your trading system hands down. So the broker implements Virtual Dealer Plugin then now when your automated system puts a trade it gets a requote such that this confuses your robots, then the virtual dealer sometimes off quotes your automatic trading system, or it logs off your forex trading platform for an hour such that when your system logs back again then the signals it generates are unpredictable.

SO do yourself a favor get a genuine broker that will not manipulate your Automated Trading System Expert Advisors.