Best Automated Platform 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 accounts automatically using a trading 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's why they are sometimes known as bots, which can trade the market automatically.

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 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 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 language.

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

To give you a tip & 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 quite a bit, it may 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 will not make any head way in coding an automated program, because you will have not specified what you as the trader want the tradingtrade 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 trade 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 MetaTrader 4 platform, will commonly refer these programs as Automated EA or Automated Expert Advisors, which are implemented using the popular MQL4 coding language, found within the MT4.

MT4 platform

A good examples 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.

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

MT4 Expert Advisor Simulator Strategies Tester

3. Host your automated 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 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 xauusd trading is that they need extensive & thorough testing so as to deal with the dynamic nature of the trading market.

For Automated Expert Advisors you need to host it on a VPS server that can run your EA robots 24 hours non-stop, all you have 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 MetaTrader 4 and log in to your account and activate the trading EAs to continuously run on the VPS host server.

Hosting on a VPS ensure that inter net interruptions don't interfere with your bots that needs to be in the market full time. Secondly, you cannot run your Automated Expert Advisors on your Personal Computer 24 hours a day.

4. Get a reliable broker

This might not seem as a 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 trading broker and maybe is a market maker broker that profits when you make trading losses, so the broker also has been in this game longer than you and knows that when you come 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 position 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 software for an hour such that your software logs back again then the signals it generates are not predictable.

So do yourself a favor get a reliable xauusd trading broker that will not manipulate your Automated Expert Advisors when you'll be trading with these Automated Softwares.

Get More Courses:

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