Automated Forex trading is the process of trading 24/5 Forex currencies, without any human intervention. Algorithms analyze currency market data over multiple timeframes, and when certain conditions are met, trade positions are opened, altered, and close. The great advantage of automated trading is the elimination of fatigue and emotional/psychological influences. An automated trading system will use a set of pre-established rules to simultaneously manage multiple accounts.
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◙ EA BUILDER Low-Priced Customized EAs for Retail and Professional Traders 
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◘ PLATFORMS: MT4 / MT5 / TradeStation
◘ Create your own Customized Expert Advisor (EA) ◘ Trade any Financial Instrument in any Timeframe ◘ Full graphical interface ◘ No need for Programming Skills ◘ Exports ready-to-use Indicators & Expert Advisors |
◘ Trading Forex Pairs, Indices, Stocks, Commodities, ETFs ◘ Create Multiple Strategies using Tens of Functions ◘ Create Alerts via eMail, via Audio, or on your Screen 
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◘ Try it for Free (Indicators) ◘ 97 USD for Creating EAs ◘ One-Time Fee ◘ Lifetime Access
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◙ STRATEGY QUANT Expensive Library of EAs for Forex Professionals 
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◘ PLATFORMS: MT4 / MT5 / TradeStation / NinjaTrader
◘ Backtesting Tools: Monte Carlo, Walk-Through, etc. ◘ Algorithmic Trading Strategy Builder ◘ Create your own Customized Expert Advisor (EA) ◘ Select from thousands of existing strategies ◘ Exports ready-to-use Indicators & Expert Advisors |
◘ Trading Forex Pairs, Indices, Stocks, Commodities, ETFs ◘ Select, Create, and test Multiple Strategies
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◘ Try it for Free (14-days) ◘ 1,290 USD for the basic license ◘ One-Time Fee
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Compare Also: » Online Forex Brokers | » Cryptocurrency Exchanges
Basic Tips when Selecting/Creating an Automated Forex System
- Define your needs according to your risk profile and available trading capital
- Learn about all costs and fees before buying any software
- Select a software solution that will cover most of your needs at the lower cost
- Create a test drive, and backtest it, using historical data
- Backtest it on different market conditions by avoiding over-optimization
- Test your finalized automated system on a demo account before trading for real money
- Open a dedicated ECN/STP Forex account to use your system (avoid dealing desks)
- Start by depositing a limited amount of money and trade small positions
◘ Compare Automated Forex Trading
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