Automated forex trading is a method of trading foreign currencies with a computer program. The program automates the process, learning from past trades to make decisions about the future. more MetaTrader 4 is the most popular trading platform offered by forex brokers such as Pepperstone, Plus500, and EasyMarkets.The ‘Top 5’ main features of MT4 are: Flexible and convenient trading with three execution modes, as well as two market and stop orders.; Analytic functions: interactive, customisable charts with nine timeframes and 30 technical indicators. Automated Forex trading brokers are the Forex brokers who allow their clients to use trading robots to execute trades, automating all or part of the trading process.. A huge majority of Forex / CFD traders allow automated trading. The few brokers that are not automated Forex trading brokers fall into two categories: the ones that only offer trading platforms which do not support trading robots ... Automated forex trading is an algorithm-based, hands-off approach to trading. An automated trader is a computer program that analyses price patterns, decides whether to buy or sell and executes the trade. Human intervention resumes to choosing and tweaking trading algorithms based on performance. They constantly run if there is power, a decent internet connection, and money in the trading account. As the forex market is a 24-hour operational market, this increased ability ultimately proves to be advantageous. Conclusion. Automated trading systems can be a blessing for many novice traders, provided they apply them correctly.
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