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Best Automated Software for Trading

Best Automated Platform is a popular topic these days with traders looking at new methods of trading where they can automate and trade their trading accounts mechanically/automatically using a trading program or what is oftenly referred to as a robot.

The automated trading softwares are programmed to profit from the market by market fluctuations/oscillations, that is why they are sometimes known as bots, which can trade the markets mechanically/automatically.

Best Automated Software for Trading - Automated Softwares - Algorithmic Index Trade in MT4

Automated Strategy

Let's say you want to begin automated trading or already have started and begun out but you're looking to improve your automated system, then what are the techniques and methods that you as a trader can implement so as to improve it.

Methods and Strategies to Improve Automated Trading System.

1.Learn MQL4 EA Coding language or what is basically C-plus-plus coding language.

A good place to start with is the MQL4.com community where you as a trader can get several MQL4 tutorials or ask traders using these systems where you as a trader can get these guides to learn this programming language.

The reason you want to learn how to program these robots is so that you as a trader can know how to program one according to trading rules which you set for your trading system. You'll be in a better position to understand & know how to translate a manual system into an automated software.

To give you a tip and a lesson in programming/coding you'll need first to write down pseudo-code or logic of your trading system before translating it into an automated trade strategy.

Once you learn a little bit of programming this will help you as a trader quite a bit, it may not make sense now but once you begin to code these systems it will definitely make a lot of sense, after all without specifying the pseudo code like the above example you will not make any head way in programming an automated trading program, because you'll have not specified what you want the system to do or where you intend to start from.

2. Learn what metrics the automated system requires

Automated trading platforms used to trade the market without involving any human intervention are just a set of algorithms that mimic trading strategies, in fact these algorithms are thetrade systems themselves.

Traders that use automated strategy will take a trading strategy, code that strategy to come up with an automated trading system, some traders using popular MT4 trading platform, will commonly refer these programs as EA or Expert Advisors, which are implemented using popular MQL4 coding language, found within MT4 software.

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MetaTrader 4 software

A good example is MT4 bots that have so much parameters to optimize, such that as a novice if you do not optimize for any one of them then your Expert Advisor(EA) system may not be a profitable as it should.

Hence make sure to know which parameters to optimize for and how to optimize for these parameter settings.

Automated Trade Strategy Expert Advisors(EAs) Trading Bots

MT4 EA Simulator Strategy Simulator

3. Host your EA automated trading systems on VPS server

Another thing that's coming about in when it comes to these system is VPS for stocks EA hosting or virtual private server hosting for Expert Advisor(EA) Robots, so that they can trade from the server round the clock as opposed to these EAs trading from your Personal Computer.

Best Automated Software for Trading - Automated Platforms

VPS Hosting - Virtual Private Server

The thing about automated trading is that they need thorough testing so that to deal with the dynamic nature of the market.

For Expert Advisors(EAs) you need to host it on a VPS that can run your Expert Advisor(EA) trading bots 24 hrs non stop, all you've to do is to hire a VPS server for about $20 - $50 dollars, then install a MetaTrader 4 from your broker on this VPS server & then setup your automated system on MT4 and login to your account and activate the EAs to continuously run on the hosting VPS server.

Hosting on VPS Server ensure that internet interruptions don't interfere with your robots which needs to be in market full time. Secondly, you can not run your Expert Advisors(EAs) on your Personal Computer 24 hrs a day.

4. Get and Find a reliable online broker

This might not seem as a factor when it comes to improving the trading results of your automated system, but factor this: A broker notices you're executing trade transactions which are profitable & your trades are executed by scripts which are used by Expert Advisors, so the online broker isn't a very good trading broker & maybe is a market maker(MM) that profits when you make losses, so the broker also has been in this game longer than you & knows that when you come to them with a profitable auto systems they also have their own virtual dealer plugin that beats your automated system hands down. So the broker implements Virtual-Dealer Plugin then now when your automated trading system puts a trade position it gets a re-quote such that this confuses your Expert Advisor(EA) bots, then virtual dealer plugin sometimes off quotes your automatic trading system, or it logs off your software for an hour such that your platform software logs in back again then the signals it generates aren't predictable.

So do yourself a favor get a reliable trading broker that won't manipulate your EAs when you will be trading with these Automated Trading Softwares.

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