Best Automated Platform for Transacting

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

The automated trading platforms are coded to make profit from the market by market fluctuations, that is why they're sometimes known as robots, which can trade the markets mechanically.

XAUUSD EAs or Bots

Let s say that you want to start automated trading or already have begun but you are looking to improve your automated trading strategy, then which are the techniques & methods that you can implement so as to improve it.

Methods to improve automated Trading System.

1.Learn MQ4 EA Coding language or what is basically C++ coding language.

A good place to begin and start with is the MQL4 community where you can get several MQL4 guides or ask traders using these systems where you can get these guides to learn this coding/programming language.

The reason you want to learn how to program these robots is so that as you can know how to code one in accordance to the trade rules which you set for your system. You will be in a better position to understand and know how to translate a manual trading system to an automated platform.

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

Once you learn a little bit of programming this will help you as a trader quite a bit, it may & might not make sense now but once you begin to code these trading systems it will definitely make a lot of sense, after all without specifying the pseudo code like the above example you'll not make any head way in coding an automated program, because you'll have not specified what you as the trader want the trade 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 which mimic strategies, in fact these algorithms are the strategies themselves.

Traders using automated trade method will take a trading strategy, program that trading strategy to create an automated system, some traders using the popular MT4 platform software, will often refer these programs as Automated Expert Advisor or Automated Expert Advisors, which are implemented using the popular MQL4 coding language, found within the MT4.

MetaTrader 4 software

A good examples is MT4 bots that have so much parameters to optimize, such that as a beginner if you don't optimize for any one of them then your Expert Advisor(EA) system may & might not be a profitable as it should.

Therefore make sure to know which parameters to optimize for & how to optimize for these parameter settings.

MetaTrader 4 EA Simulator Strategies Tester

3. Host your Expert Advisor(EA) automated trading strategies on VPS server

Another thing which is coming about in when it comes to these system is VPS for EA hosting or virtual private server hosting for Automated EA Robots, so that as they can trade from the server round the clock as opposed to these EAs trading from your Computer.

VPS - Virtual Private Server

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

For Automated EAs you need to host it on a VPS server that can run your EA robots 24 hrs non-stop, all you've to do is to hire a VPS for about $20 - $50, then install a MT4 from your broker on this VPS server and then install you automated system in MT4 and log in to your account and activate the trading EAs to run continuously on the VPS host server.

Hosting on a VPS ensure that internet interruptions don't interfere with your bots that needs to be in the market full time. Secondly, you can't run your Automated EAs on your Personal Computer PC 24 hrs a day.

4. Get a reliable broker

This might not seem as a valid point when it comes to improving your automated system, but consider this: A gold broker notices you are executing trades that are profitable & your trades/transactions are executed by scripts that are used by Expert Advisors, so the broker isn't a very good xauusd broker & maybe is a market maker broker that profits when you make trading losses, so the online broker also has been in this game longer than you & knows that when you bring to them with a profitable automated 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 it gets a re-quote such that this confuses your EA robots, then virtual dealer sometimes off quotes your automatic system, or it logs off your platform for an hour such that your trading software logs in back again then the signals it generates aren't predictable.

So do yourself a favor get a reliable gold broker that will not manipulate your Automated EAs when you will be trading with these Automated Softwares.

Get More Courses:

• How to Draw Fib Retracements Levels on MT5 Software
• No Nonsense Gold Training Website Guide
• Understanding What a XAU USD Chart Is and Interpreting XAUUSD with a XAUUSD Chart
• Getting Started Gold Software Guide
• Learn Gold Tips for Successful Trade