Best Automated Forex Trading Software

Best Automated Forex Trading Software

As a Forex trader, you will know how exhausting trading can be, especially if something goes wrong. There are traders who dream of a partner who is intelligent, not exposed to emotions, logical, always looking for profitable trades and who can execute trades almost immediately.

If this is something you're looking, then we should tell you that these qualities above describe Forex automated trading software.

A wide variety of such programs are easily accessible. Their primary task is to function without the presence of the Forex trader by scanning the market for beneficial currency trades, utilising either pre-established parameters, or parameters designed and then programmed into the system by the user.

In a nutshell, with automated software you can turn on your PC, activate the program and then walk away while the software trades instead of you. This is the basic principle. The purpose of our article is to tell you more about the aspects of automated software, so that you will be able to choose the best automated Forex trading software in accordance to your needs.


Who can use automated software and how does it work in 2018?
Hypothetically, newbies, experienced or veteran Forex traders might benefit from using automation software to make their trading decisions. In fact, the software comes in a wide range of prices, as well as levels of sophistication to meet different needs.

Online customer reviews of such FX programs will reveal their virtues and flaws. Most often, programs offer a free demo period along with other incentives to buy. Other sellers may provide a free demo model in order to get the user acquainted with the program.

One of the positive aspects of Forex auto trading software is that themarketing incentives to buy specific packages might provide extra tools for trading. Nonetheless, those programs are far from infallible – and the trader should be aware that the use of automated software does not 100% guarantee an infinite amount of successful trades.

Let's look at how this type of software actually works. Automated Forex trading software is a PC program that analyses currency price charts, as well as other market activity. It determines the signals, encompassing spread discrepancies, trends in price and news that may affect the market, in order to locate potentially beneficial currency pair trades.

For instance, a software program will utilise criteria the user sets, determine a currency pair trade that satisfies the predefined parameters for profitability, and it will broadcast a purchase or sell alert. On this alert, the software can be programmed to automatically carry out the trade.

The advantages of automated software in Forex
Although we do not recommend any automated Forex software, it is still important to outline the upsides of it. A key advantage is the removal of emotional and psychological influences when identifying what to trade. Automated software makes your trading decisions consistent and completely unemotional, exploiting parameters you have pre-defined, or the default setting you have previously installed.

Novice and even experienced traders might sometimes make a trade based on some psychological trigger that disobeys the logic of market conditions. With automated trading, different human lapses of judgement just do not happen.

Furthermore, for currency speculators who do not make trades based on interest rates but rather on particular currency spreads, auto Forex trading software can be effective enough. This is because price discrepancies are instantaneously apparent, the information is immediately read by the trading system and consequently a trade is executed.

In addition, other market elements might trigger buy or sell alerts, such as moving average crossovers, chart configurations (like triple bottoms or tops, or other indicators of support or resistance levels). Additionally, automated software programs also enable traders to manage multiple accounts at the same time, a real plus not easily available to manual trades on a single PC.

For serious Forex traders who have other interests, occupations or obligations, automated software or an automated Forex trading robot saves a considerable amount of time that they could otherwise have devoted to studying the markets, analysing different charts, or watching for various events that somehow influence currency prices.

Automated FX trading systems allow the trader to free themselves from the computer monitor, whilst the program scans the market looking for trading opportunities – and therefore, makes the trades when the conditions are right. This implies that day or night, the program is constantly at work and needs no human supervision.

The best way to learn automated trading systems is to watch our free live webinars. There are a lot of practical tips and insights in there, suitable for both beginners and traders looking for something more in-depth.

Live trading webinars free

Choosing your automated FX trading program
Although not all programs on the Internet operate well, there's a good chance you'll find something useful, perhaps even the best Forex auto trading software.

However, some firms advertise to have a very high percentage of winning trades. You should be cautious. Such advertising claims must be verified. In fact, the best software publishers will undoubtedly provide authenticated trading history results in order to show the effectiveness of the programs they are offering. The golden rule is to understand that the past performance is not a warranty of positive future results.

Download MT4 Supreme Edition - Forex trading platform

Define your needs
Since automated trading systems vary in swiftness, performance, programmability and complexity of use, what is good for one trader, might not be good for another. Some Forex traders will want to have a program that generates reports, or imposes stops, trailing stops and other particular market orders.

An essential item in any automated system or automated Forex trading robot is the real-time monitoring. Other traders, such as beginners, or those who are less experienced, may want a simpler program with a set-and-forget feature.

Moreover, remote access capability is vital if you travel often, or intend to be away from your PC for a long time. Therefore, your program should allow access and functionality from any current location through Wi-Fi or any other internet access. A web-based program can be the most useful and practical method of serving the trader and his needs.

It is important to outline that virtual private server hosting, or VPS, is a service worth considering for the prudent Forex trader. The service, sold by different companies, provides immensely fast access, isolates the Forex automated software for security purposes and also offers technical support.

Furthermore, some firms tend to charge extra fees and trading commissions. In turn, other companies claim not charge any fees or commissions. Commissions and fees can draw down your profitability, so you should carefully check your user contract.

In addition, the top firms offer programs with different return guarantees. After buying and during a fixed period of time, if the user decides the program is not good enough, then premier firms will permit you to return their automatic Forex trading software for a refund.


How to test the software
Some firms provide video content of software programs functioning in the market, purchasing and selling currency pairs. If there are screenshots of account action with trade prices for buy and sell transactions, time of profit posting and execution – then you should check them out before committing to anything.

While testing new Forex automatic trading software, run the tutorial or any other training function in order to see if it is appropriate and answers all of your questions. Additionally, you may have to call the support desk for answers to complex questions about programming, like the buy-sell criteria, and exploiting the system in general.

If a help link is offered to you, then check how easy is it is to navigate and whether it's of any use. Some of your questions might not be answered through information in the help section and knowledge base.

Most often, the majority of the leading firms will also offer a free, non-obligatory test of their automated Forex trading robots, so that the potential customer can see if the program is a good fit. In such a situation, test to see if the program can be installed easily, and ensure that you do not have any difficulties with understanding and using it. Moreover, ensure that the software is programmable and flexible so that you can change any pre-installed default settings.

Main points to consider while choosing automated software
The majority of the most popular auto Forex trading software will actually trade the leading currency pairs with the highest volume and most liquidity. These will include USD/EUR, USD/GBP, USD/CHF and USD/JPY.

Trading methods will vary from conservative – with programs designed for scalping a few points in a trade – to a more adventurous trading strategy with risks. The user decides which approach to use, and the strategy may be adjusted in each direction. You should read customer product reviews that are posted online before purchasing, as they are a good source of information about the automated currency trading software.

Price competition currently favours the consumer, so shop around for the best deal, but do not sacrifice quality for price. Prices for trading packages can range anywhere from hundreds of dollars to thousands.

Lastly, look for a high level of service and technical support. This is crucial for Forex traders at any level of experience, but is especially significant for novices and newbies.

Final thoughts
It does not matter what level of expertise you have in Forex trading. Whether you are a beginner, experienced or veteran trader, Forex trading automated software can help you. There are always potential dangers when trading in any market – and it's the same with software. There are a lot of scams on the internet. Fraudulent software can be avoided by conducting due diligence on any company.

It is vital to understand, that no Forex automated software can guarantee a 100% rate of winning trades. It's also important to remember that past performance does not guarantee success in the future.

Before you dive deeper, it is in your best interest to learn in safe, risk-free environment. Speaking of which, take a look at our free demo accounts – the easiest way to learn the basics of Forex trading and polish your skills as a trader.

Forex Indicator the BANKS profit with in Forex. Free D/L in description

Forex Indicator the BANKS profit with in Forex. Free D/L in description

Now, when most retail traders look at the forex market, they look at it in terms of forex pairs. Say the euro-dollar, or the euro-yen, or the pound-dollar. But have you ever thought for a moment, which currency is the strongest or the weakest around the world? Well, this is how the bank's view the forex markets. And I've got the perfect indicator that show you one way that the bank's identified the strongest versus the weakest currencies in order to trade. Now, you can download this indicator from the description tab below. However, before you do, let me show you exactly how and why you can use this powerful indicator that could revolutionize the way you trade the forex market. Think about this for a moment. How great would it be to have the top forex trader from one of the major banks in the city, sitting beside you all day long, as you trade the forex market? Sitting on your shoulder telling you what you should be buying and what you should be selling? Pretty awesome! Yeah? Well, the chances are that's not gonna happen, and I for one certainly can't magic that for you.

However, what I can do is tell you and show you exactly what the top forex bank traders are doing, that's way,way different than most in this business and certainly more than average Joe is doing from his laptop in his home office. Now, first thing when people come into the forex market is they look at the Forex pairs. As I said in my short introduction, the euro-dollar, the pound-aussie. With the top bank trader, he's not looking at the pairs. He's looking at the strength of weakness of individual currencies. And he's pitching that against the strength of weakness of other currencies.

Now think about it for a moment. Generally speaking, we trade eight major currencies in the forex market. If you cross match these eight major currencies against each, there's 28 different possible currency pairs to trade. It makes total logical sense, doesn't it? To be buying the current currencies that are strong and selling the currencies that are weak. If the pound, for example, is strong and the US dollar is strong. Why do you want to be trading the pound against the US dollar? That both strong currencies. Surely it makes total sense to buy one of these stronger currencies and find a weaker currency. Could be the Swiss franc or the yen, and sell that against one of the stronger currencies. That's what the big bank traders are doing and that's why they've got an edge on most retail traders. Now, with this indicator that you're downloading today. It's gonna show you how you can identify which currencies are strong and which currencies are weak. Exactly the same way that the big bank traders are doing it.

Alright! Come and join me on the screens now and I'll show you the power behind this indicator and show you why it's gonna revolutionize the way you trade the forex market. Come on! Okay! So, here we are on the screens. Now, this is the indicator that is gonna help you look at the markets in a way that's very very different, then chances are you've looked at it before. It's a way that the banks are looking at the market. Now, to the untrained eye, it's gonna look like a load of old squiggly lines. But I'm gonna show you once you understand what you're looking at. These squiggly lines can show you some really really powerful information. Now, let's first explain what they mean. The each individual line represents an individual currency in a standalone format. And the color coding is down at the left of the screen here. So, for example, the green line the USD, that's the United States Dollar.

The Euro is the blue line. The British Pound is the GBP, the white line here, this is this one down here. And then you've got the Canadian dollar at the bottom, and that's the purple line, that's this line in here. Now, when you look at these lines in comparison to the other lines, it will tell you if that particular currency is strong or weak in relation to those other currencies. So quite clearly here, you can see the British Pound this at the moment is a strong currency. This is being bought. It means it's going up in value. The weakest currency in the basket of eight currencies down here is this red currency. Going back to the key here, you'll see the red currency is the Swiss Franc.

That means, the strongest currency at the moment is the British Pound and the weakest currency is the Swiss franc. So you ought to be buying the British Pound and you want to be selling the Swiss franc to put the edge on your side. Now, this is on this particular time frame. It's a 15-minute time frame. If you look at this summary chart here, it will show you if the currency is strong or weak on all the different time frames from the 5-minute, all the way out to that one day time period. Blue box would indicate the currency is strong in that time period, and a red box would indicate that currency is weak in that time period. So, currency that's blue across the board will be a strong currency across all time frames. The currency that's red across the board will mean that's a weak across all time frames, giving you even more of an edge. So, let's have a look now at that price action charge.

So, we're looking at the British power in the white line against the red line, the Swiss franc. If you pull up the price action chart, here is the British Pound against the Swiss franc. You can see there's big big buying momentum going on in this currency at the moment. If you want to get the edge on your side, you potentially wanna be buying this currency. Buying the Pound and selling the Swiss Franc against, it makes total sense to be buying something that's strong and selling something that's weak. Why do you want to be buying a currency that's strong and selling another strong currency against? It doesn't make sense. Why would you want to be selling the Swiss Franc and selling another currency that's also weak, as well? It doesn't make sense. You want to be buying a currency that's weak, yeah, that's strong and you want to be selling one that's weak, currencies that are diverging away from each other.

Another way to use the momentum meter, here is by looking for ranging markets. Here, you'll see in the middle of the chart, you'll see the the orange line, that is the Australian Dollar. The brown line is the Japanese yen. These are both hugging each other. They're both stuck in around the center line that both not doing very much. So, if you pull up a chart in the Aussie Yen, you'll see that this currency pair is not trading very much at the moment. It's trading in a very tight range and a range trader will typically be buying down here and they'll be selling up here. And using the momentum meter here, will indicate or show you currency pairs that are currently range trading.

So, another very powerful way of using the momentum meter. Now, the other thing I want to mention here is the market commentary box. I trade throughout the trading day. I streamed several times a day in the forexsignals.com Trading Room. And I'm trading a strategy called the propulsion strategy. And I'm using this indicator to give me heads-up on what currency pairs I should be trading with my strategy. And I'm populating this market commentary throughout the trading day looking for setups telling you what trades, I'm getting into on what I'm saying in the markets. And you can access this all through the forexsignals.com Trading Room. Okay. So, I hope the light bulbs gone off for you. You're now gonna see the market in a completely different light. It really does give you an edge the market that most retail traders doesn't don't even know is outlet.

This is the way that big banks are looking at the market. I hope you enjoyed the video! Give me a thumbs up if you enjoyed the video. Give me a thumbs down if you didn't enjoy the video. Leave me a comment. I love to hear if this makes sense to you. If it's still unclear, let me know. I'll possibly explain it even further. Okay. So it's result time. Now, you'll remember from a couple of weeks back, I offered you the opportunity to enter a competition to win an annual pass to our live Trading Room here at forexsignals.com .The response has been overwhelming.

So, thank you all for taking part, and thank you all also for the wonderful comments that you have also left. We're giving away three annual passes, and the winners have been randomly selected over the 20,000 or so that have entered the competition. And here are the winners...The names will appear on the screen as well. It's Scott Mariani Gene Hudson and Muhammad Aliyu I don't know where you are in the world that doesn't give us that information on the... on the YouTube. But please do send us an email if you're one of those winners. Would love to hear from you. We'll get you set up in the live trading room without delays. A really cool place to hang out. Lots of stuff going on in their live streams throughout the trading day.

As well as some education content and a very vibrant chat as well. So, I'm sure you're going to enjoy that over the next coming weeks and months. Thanks, -- for taking part. Until the next video. Happy trading! .

Download link: http://bit.ly/MomentumMeterDownload Ever asked yourself how the banks profit in Forex? Rather than focus on individual currency pairs in Forex, I use an indicator to identify the strongest and weakest currencies. This indicator is called the "Momentum Meter" and you can download it for free here: You'll need to register for a free account. Remember your username and password as you'll be asked for this when you install the indicator in the property settings. It's compatible with MetaTrader 4 and there is install instructions on how you can get started using it.


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Automated Forex Trading - Can You Make Money With Automated Forex Trading?

Automated Forex Trading - Can You Make Money With Automated Forex Trading?

Automated forex trading can seduce a person with its promises of infinite wealth and automatically reaching one's investment objectives by implementing trading strategies in the foreign exchange market. You open a program, click a few buttons and like magic, you start making money in the forex market with a fully automated trading platform. But oftentimes, people are disappointed by the actual results they get. Slowly that individual begins to realize that making an accurate trend forecast it's not as simple as he was led to believe when he sees his actual trading results. The algorithms aren't always what they appear to be.

Indeed, algo trading in even a demo account can be disappointing, especially when market conditions are not favorable or when either forex market news or institutional clients begin causing major disturbances affecting market liquidity. Eventually he can no longer fool himself into believing he can win in the game of international currency trading, no matter how much he studies dailyfx, dailyforex, fomc minutes, candlesticks, indicators on various free forex charts or his forex economic calendar. Supposedly you can get rich without doing any work just by opening one of more real accounts with a retail foreign exchange dealer that is registered with the commodity futures trading commission and putting up your initial investement which satisfies margin requirements. Then you're supposed to use a trading strategy (preferably one of numerous available back-tested strategies) in some automatic forex trading software.

To see if automated trading works in real markets, you could use metatrader or mirror trader (or even a mobile app) with a broker (make sure it's a registered futures commission merchant) such as fxcm, etoro, zulutrade, ninjatrader, fxdd, currensee, oanda, avatrade etc to learn forex basics. Play around with their currency converter. Then if you wish, you can become a client and trade on autopilot or with an autotrader. Some forex brokers allow you to fund your account with bitcoin. It is best to test your trading systems in as many demo accounts as possible. How it's supposed to work is this: rules for trading a currency such as the dollar, the eur, usd, jpy, the eurusd and others are programmed into a piece of software.

Then begins the nonstop tick-by-tick monitoring of every currency on your trading radar. The automated forex trading system calculates mind-bendingly complex mathematical forumulas. The results are continuously interpreted by the system using technical analysis as real-time data streams in. When the currency analysis software finds the right patterns, it begins executing orders on your behalf. Predicting the weather is hard - these things claim to predict global currency movements! It's not always as simple as the software vendors would have you wish and hope. The fact is - cold, hard reality is often much different. Over on the New York Stock Exchange, the national futures association nfa can adequately monitor things. But in forex? Well it may be very different.

The truth is, if you're going to trust your hard-earned money to an automated forex trading robot, you better make sure you pick the right one. For more information on choosing and evaluating the very best automated forex trading robots available on the market today, click the link in the video description below. Social trading is finally here. Take advantage of trading courses, trading signals and other resources to reach your goals. U.S. Government Required Disclaimer Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.

The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer.

Neither ForexSenseo.com, nor any of their affiliates or associates involved in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances.

Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital. CFTC RULE – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. automated forex trading automated trading trading strategies trading strategy fully automated trading platform foreign exchange demo account mirror trader currency converter investment objectives stock exchange institutional clients market conditions real accounts demo accounts forex market forex basics futures trading executing orders mobile app initial investment invest money technical analysis trading systems trading system trading platform market liquidity margin requirements trading signals trading courses trading forex trading software back-tested strategies forex trading software trading foreign exchange foreign exchange dealer retail foreign exchange automated trading works actual trading results free forex charts forex economic calendar forex market news commodity futures trading commission national futures association nfa new york stock exchange fxcm registered futures commission merchant retail foreign exchange dealer trading market trade forex account markets currency real-time orders metatrader currensee autotrader algo dailyforex algorithms fxdd autopilot forecast avatrade candlesticks fomc eurusd indicators eur jpy ninjatrader broker usd dollar losses trend charts bitcoin automatically data profits client dailyfx zulutrade commission margin

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Where I can find a good MQL developer

MetaQuotes Language 4 (MQL 4) is a programming language that is used to program Expert Advisors, Custom Indicators, Scripts and even libraries for Metatrader 4 trading platform. It is not a simple programming language and if you do not have any programming knowledge it might be hard to learn the language.

However, it does not mean that you will not be able to automate your trading strategy. In order to do so, you can rent an MQL 4 developer. The best resources are:

1. Upwork – a leading freelancing platform where you can find experts from many different fields including MQL developers


2.  MQL5.com – a platform specially dedicated to MQL developers


3. Freelancer -  another popular freelancing platform

Profitable trading using Forex Robots (2)

Due to huge interest shown in previous post about the commercial Forex robots. I have decided to extend the list of recommended ones by two new ones.

• WallStreet Forex Robot
• Trading pairs:  EURUSD, USDJPY, GBPUSD, USDCHF on 1 hour time-frame
• Average weekly gain: 2.24%
• Min. deposit: $1000
• Independent test results #1: Link
• Independent test results #2: Link
• Order website

• Forex MegaDroid
• Trading pairs:  EURUSD on 1 hour time-frame
• Average weekly gain: 0.38%
• Min. deposit: $1000
• Independent test results #1: Link
• Independent test results #2: Link
• Order website

Once again, I remind you that before you start trading on a live account follow the procedure explained in previous post about the robots and keep in mind the rules about the testing.