Automated Forex Program - How to Create a Trading Algorithm for Automated Forex Trading
Automated trading software program is a software Trading Algorithm for Automated Forex Trading. Forex traders can learn How to Create a Trading Algorithm for Automated Forex Trading by learning about the MQL4 programming language that is used to code these automated trading software robots. To learn How to Write Code for Algorithmic Strategies - traders can start by first visiting the MQL4 Forum for Forex Automated Trading Robots where they can find tutorials on How to Write Code for Algorithmic Trading Strategies. Algorithmic forex trading is used by traders to automate and trade their strategies & use these automated software programs to trade and execute forex trades on their forex accounts automatically using a trading software program that is installed on the trading platform - what is commonly referred to as a Forex EA Robot or Automated Trading System or Automated Bot or Automated System EAs.
The Automated Trading System EAs are programmed to profit from the forex market by trading currency price fluctuations, that is why they are sometimes referred to as Robots, that can trade the forex market automatically.
Automated Forex Program - How to Create a Trading Algorithm for Automated Trading
Automated Forex Trading Program - How to Write Code for Algorithmic Trading Strategies
Let us say you want to begin automated forex trading or you already have started automated forex trading but you are looking to improve your Automated Trading Robot, then what are the strategies that you can implement as a trader so as to improve your Automated Trading Robot.
Methods to Improve Automated Forex Programs - Automated Trading System Expert Advisors
1.Learn MQL4 Coding language or what is basically C plus plus programming language.
A good place to begin with is the MQL4 forex community where you can learn How to Write Code for Algorithmic Trading Strategies and How to Create a Trading Algorithm for Automated Forex Trading. As a new forex trader wanting to learn about automated forex trading you can get several MQL4 tutorials on How to Create EA MetaTrader 4 and How to Create a Bot in MetaTrader 4 or ask forex traders using these automated trading systems where you can get these tutorials to learn this MQL4 programming language. You can also find various MQL4 EA Template Examples and Algorithmic Trading Code Examples Guides that will help to train you on How to Create Trading Robots on MT4
Reason you want to learn how to program these EA Forex Robots is so that you can know how to program a EA Forex Robot according to the correct algorithmic rules which you set for your automated Expert-Advisor system. You will be in a better position to know how to translate a manual trading system in to an automated Forex trading program.
To give you a forex tip and a lesson in programming you will first need to specify pseudo code - Write Code for Algorithmic Strategies - or the logic of your trading system before translating it into an automated trading system EA Bot.
Once you learn a little bit of MQL5 coding language this will help you quite a bit, it may not make sense now but once you start to write algorithm code for these Automated Forex Trading Bots an Trading Systems it will definitely make a lot of sense, after all without specifying the pseudo code - algorithm code - like the above example you will not make any head way in Creating an Forex EA MT4 Robot - The above algorithm code will be the MQL4 EA Template that you will use to Create a Bot in MetaTrader 4 MQL4 Programming Environment.
2. Learn What Metrics the Automated System Requires - MQL4 EA Template
Automated Forex trading programs used to trade the forex market without involving any form of human intervention are just a set of algorithms that specify trading rules that mimic trading strategies, these algorithms are the trading strategies themselves & these algorithms can also be referred to as Algorithmic Trading Strategies or Automated Trading Strategies or Automated Trading Systems.
Forex traders using automated trading method will take a strategy, program that strategy to create an automated trading system - automated trading robot, some forex traders using the popular MetaTrader 4 platform, will commonly refer these programs as Expert Advisor Robots or Expert Advisors, that are implemented using the popular MQL4 programming language, found within the MetaTrader 4 forex software programming environment.
MetaTrader 4 software
A good example of Automated Trading Platforms is the MT4 software where traders can install trading robots that have so much parameters to optimize, such that as a novice trader if you don't optimize for any one of these parameter then your EA system may not be a profitable as it should.
Therefore make sure to know which parameters to optimize for when it comes to Automated Systems & how to optimize for these parameters.
MetaTrader 4 Strategy Tester - Do Automated Trading Systems Work? Test forex trading automated strategies using MetaTrader 4 strategy-tester.
3. Host your automated trading systems on a VPS server
Another thing that's coming about in when it comes to these automated trading systems is the VPS hosting or virtual private server hosting for EA Trading Robots, so that they can trade from the VPs servers round the clock as opposed to these Automated EAs trading from your Personal Computer.
VPS Forex EA Hosting - Virtual Private Server
The thing about Automated Forex Expert Advisor Bots is that they need extensive testing so as to deal with the dynamic nature of the currency market - Do Automated Trading Systems Work?
As an automated forex trader you may need to host your Forex Automated Trading EAs on a VPS server that can run your forex robots 24 hours nonstop, all you have to do is to hire a VPS server for about $20 - $50 dollars, then install a MT4 platform from your broker on this VPS server & then install you automated Expert Advisor Robot on the MetaTrader 4 platform software and login to your forex account and activate the EAs to continuously run on the VPS server.
Hosting Automated Trading Systems on a VPS ensures that internet interruptions do not interfere with your Automated Trading Robots that need to be in the market full time. Secondly, you can't run your Automated EAs on your Personal Computer 24 hours a day.
4. Get a good forex trading broker
This may not seem as a point when it comes to improving your automated trading system, but consider this: A forex broker notices you are executing trades that are profitable and your forex trades are executed by scripts that are used by Forex Expert Advisors, so the broker is not a very good 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 automated systems they also have their own counter measure a virtual dealer plugin which beats your trading system hands down. So the broker implements Virtual Dealer Plugin then now when your automated system puts a forex trade it gets a requote such that this confuses your automated trading robots, then the virtual dealer sometimes off quotes your automatic trading system, or it logs off your software for an hour such that when your automated trading system logs back again then the signals it generates are unpredictable.
Ss do yourself a favor get a genuine forex broker that will not manipulate your Automated Forex EAs.
