Forex auto trading robot software

The truth is that automated trading can work; many major investment institutions use highly optimized trading robots to pull money out of the market, so there is a way to make money using these robots… BUT….

Like in any good argument, there are certainly advantages to both. For me, it is impossible to say one is better than the other, but let us dive into the argument and see what we may discover. The first advantage that jumps out to me about automated trading is simply the nature of having a robot trade. One of the biggest problems that a trader faces is his ability to be disciplined and stick to his plan.

With automated trading, you can be assured that the robot will be completely disciplined and stick the plan you set up. Often times, it is the ability to stick to the plan that makes the difference between a profitable trader and an unprofitable trader so that is a point for the robot. Not only will a robot stick to the plan and be disciplined, but a robot will always execute correctly. This is a huge benefit in trading because mistakes like the ones mentioned are killers to your overall success.

Forex autotrading is a slang term for automated trading on the foreign exchange market , wherein trades are executed by a computer system based on a trading strategy implemented as a program run by the computer system. The trading strategy consist of a set of criteria, and is typically programmed, but can also be created by using a method combining the set of criteria visually without programming. The set of criteria used in a trading strategy for Automated Trading are mostly based on technical analysis.

Forex autotrading originates at the emergence of online retail trading , since about when internet -based companies created retail forex platforms that provide a quick way for individuals to buy and sell on the forex spot market. Nevertheless, larger retail traders could autotrade Forex contracts at the Chicago Mercantile Exchange as early as in the s.

An automated trading environment can generate more trades per market than a human trader can handle and can replicate its actions across multiple markets and time frames. An automated system is also unaffected by the psychological swings that human traders are prey to.

This is particularly relevant when trading with a mechanical model, which is typically developed on the assumption that all the trade entries flagged will actually be taken in real time trading.

As a decentralized and relatively unregulated market, it is extremely attractive to a number of Forex scams. Forex autotrading, as it brings Forex trading to the masses makes even more people susceptible to frauds. Bodies such as the National Futures Association and the U. Securities and Exchange Commission have issued warnings and rules to avoid fraudulent Forex trading behavior.