Automated Forex Trading

Automated Forex Trading

Automated Forex Trading

Automated forex trading allows to have the signals generated by your currency trading system to be automatically executed on your trading account. Automating your trading system frees you from the necessity to spend massive amount of energy on controlling your emotions which arise in manual trading of the system - and, instead, allows you to direct this energy to the creation of your own forex trading system.

There are two ways to set up an automated forex trading of your system. The first method is to have the signals routed to your forex trading account through an interface software specifically developed for this purpose. The second method is to trade the signals directly on your brokerage account, from within the charting software. Both of these methods are demonstrated graphically below.

Charting packages which require an interface with a broker are shown in the red boxes in the left-hand part of the picture. The interface programs are shown in the yellow boxes and are connected to those charting platforms and to those forex brokers which they support. The charting packages located in the right-hand part of the drawing do not require interfacing software and are, therefore, directly connected to the brokers which support them. You can click on any box to visit the site of the corresponding service provider.

Automated Forex Trading

Note: Be sure to test the trading setup on a demo account for some time before you start automated forex trading with the real money.