Automated System Strategy - Trading Strategies Expert Advisors
Automated Forex software is a popular topic with traders looking at new techniques of trading where they can automate & trade their accounts automatically using a trading program or what is commonly referred to as Trading Strategies Expert-Advisors.
The automated trading strategies are coded to profit from the currency market by trading market fluctuations, that is why they are sometimes referred to as forex trading bots, that can trade the forex market automatically.
Automated System - Trading Strategies Expert Advisors
Automated Trading System Strategies - 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 Trading Strategies Expert-Advisors.
Methods to improve Automated Trading Strategies Expert Advisors
1.Learn MQL4 Coding language or what's basically C plus plus 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 Trade Strategies Expert Advisors where you can get these MQL4 tutorials to learn this Expert Advisor coding language.
The reason you want to learn how to program these Forex Trade Strategies Expert Advisors bots is so that you can know how to program an EA according to the trading rules which you set for your strategy. You'll be in a better position to know how to translate a manual trading strategy to an automated Trading Strategies EA Expert-Advisor Robot.
To give you a forex tip and a lesson in EA programming you will first need to specify pseudo code or the logic of your forex strategy before translating it into an Automated Trading Strategies Expert-Advisor.
Once you learn a little bit of programming this will help you quite a bit, it may not make sense now but once you start to code these Expert Advisor 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 strategy, because you will not have specified what you want the trading strategy to do or where you intend to begin from.
2. Learn what metrics the automated trading strategy requires
Automated 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 create an automated forex trading system, some forex traders using the popular MT4 platform, will commonly refer these Trading Strategies Expert Advisors as EA or Expert Advisors, which are implemented using the popular MQL4 coding language, found within MetaTrader 4 platform.
MetaTrader 4 Software Automated Forex Trade Strategies Expert Advisors
A good example is the MT4 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 Expert Advisor system might not be as profitable as it should.
Therefore make sure to know which parameters to optimize for & how to optimize for these parameters.
MetaTrader 4 Strategy Tester - Automated Trading System
3. Host your automated forex trading system on a VPS server
Another thing that's coming about in when it comes to these Trading Strategies Expert Advisors - is the VPS hosting or virtual private server hosting for Expert Advisor Forex Robots, so that these Forex Trade 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 Trade Strategies EAs
The thing about automated Forex trading is that they need extensive testing so that 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 MT4 platform from your broker on this VPS server & then install you automated Trading Strategies Expert Advisors on the MT4 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 inter net interruptions do not interfere with your Forex EA robots that needs to be in the market full time. Secondly, you can not run your Expert Advisors on your Personal Computer 24 hours a day.
4. Get a good forex trading broker
This may not seem as a point when it comes to improving your Automated Trading System, but consider this: A 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 automated systems they also have their own counter measure a 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 bots, then the virtual dealer sometimes off quotes your automatic trading system, or it logs off your forex software 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 EAs.
