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 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, that's why they're sometimes referred to as robots, that can trade the market automatically.

Automated Trading Strategy

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

Methods to improve automated 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 community where you can get several MQL4 tutorials or ask traders using these systems where you can get these guides to learn this programming language.

The reason you want to learn how to program these robots is so that you 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 know how to translate a manual system to an automated trading software.

To give you a tip and a lesson in programming you will first need to state pseudo code or logic of your trading system before translating it into an automated trading system.

Once you learn a little bit of programming this will help you 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 will have not specified what you want the system to do or where you intend to start from.

2. Learn what metrics the automated trading 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 the trading systems themselves.

Traders that use automated trade strategy will take a strategy, code that strategy to come up with an automated trading system, some traders using popular MetaTrader 4 trading software, will commonly refer these programs as EA or Expert Advisors, which are implemented using popular MQL4 coding language, found within MT4 platform.

MetaTrader 4 software

A good example is MetaTrader 4 bots 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 may not be a profitable as it should.

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

MT4 EA Simulator Strategy Tester

3. Host your 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 Robots, so that they can trade from the server round the clock as opposed to these Expert Advisors trading from your Personal Computer.

VPS Hosting - Virtual Private Server

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

For Expert Advisors you need to host it on a VPS that can run your Expert Advisor trading bots 24 hours 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 & activate the Expert Advisors 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 cannot run your Expert Advisors on your Personal Computer 24 hours a day.

4. Get a reliable broker

This might not seem as a factor when it comes to improving results of your automated trading system, but factor this: A broker notices you are executing trades that are profitable & your trades are executed by scripts that are used by Expert Advisors, so the broker isn't a very good trading 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 auto systems they also have their own virtual dealer plugin that beats your automated trading system hands down. So the broker implements Virtual Dealer Plugin then now when your automated trading system puts a trade it gets a requote such that this confuses your Expert Advisor bots, then virtual dealer sometimes off-quotes your automatic system, or it logs off your platform software for an hour such that your platform software logs back again then the signals it generates are not predictable.

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