Automated System Strategy - Trading Strategies Expert Advisors

Automated Forex trading software is a popular topic 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 Strategies Expert Advisors.

The automated trading strategies are coded to profit from the currency market by trading market fluctuations, that's why they are sometimes referred to as bots, that can trade the forex market automatically.

Automated System - Strategies Expert Advisors

Automated Trading System Strategies - Trading Strategies Expert Advisors

Let's say you want to begin automated trading or already have started but you are looking to improve your automated trading strategy, then what are the methods that you can implement so as to improve your Strategies Expert Advisors.

Methods to improve Automated Trading Strategies 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 get several learn MQL4 tutorials or ask traders using these Trading Strategies EAs where you can get these MQL4 tutorials to learn this Expert Advisor programming language.

Reason you want to learn how to program these Trading Strategies EAs robots is so that you can know how to program an Expert Advisor according to the trading rules which you set for your trading strategy. You'll be in a better position to know how to translate a manual trading strategy to an automated Trading Strategies EA Bot.

To give you a forex tip and a lesson in forex Expert Advisor programming you will first need to specify pseudo code or the logic of your forex strategy before translating it into an Automated Strategies Expert Advisor.

Once you learn a little bit of programming this will help you quite a bit, it may not make sense now but once you start to code these EA automated trading strategies it will definitely make a lot of sense, after all without specifying the pseudo code like the above Forex example you will not make any head way in programming an automated trading strategy, because you will not have specified what you want the trading strategy to do or where you intend to begin from.

2. Learn what metrics the automated strategy requires

Automated Trading Strategies EAs used to trade the forex currency market without involving any human intervention are just a set of trading algorithms which mimic trading strategies, in fact these algorithms are the strategies themselves.

Traders using automated forex Expert Advisor robots will take a strategy, program that strategy to create an automated trading system, some forex traders using the popular MT4 platform, will commonly refer these Trading Strategies EAs as Expert Advisor or Expert Advisors, that are implemented using the popular MQL4 programming language, found within the MT4 software.

MetaTrader 4 Software Automated Trading Strategies Expert Advisors

A good example is MT4 robots that have so much parameters to optimize, such that as a novice if you don't optimize for any one of them then your Forex EA system might not be as profitable as it should.

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

MetaTrader 4 Strategy Tester - Forex Automated Trading System

3. Host your automated trading system on a VPS server

Another thing that is coming about in when it comes to these Trading Strategies EAs - is the VPS hosting or virtual private server hosting for EA Trading Bots, so that these Trading Strategies EAs can trade from the servers round the clock as opposed to these EAs trading from your Personal Computer.

VPS Hosting - Virtual Private Server For hosting Automated Trading Strategies Expert Advisors

The thing about automated Forex trading is that they need extensive testing so that to deal with dynamic nature of the forex currency market.

For Automated Trading System EAs you need to host it on a VPS server that can run your robots 24 hours nonstop, all you have to do is to hire a VPS server for about $20 - $50 dollars, then install a MT4 forex platform from your broker on this VPS server & then install you automated Trading Strategies EAs on the MT4 platform installed on the VPS and login to your account and activate the EAs to continuously run on the VPS server.

Hosting on a VPS ensure that inter net interruptions do not interfere with your Forex Expert Advisor robots that needs to be in the market full time. Secondly, you can't run your Expert Advisors on your Personal Computer 24 hours a day.

4. Get a good forex trading broker

This might not seem as a point when it comes to improving your Automated System, but consider this: A forex broker notices you are executing trades that are profitable & your trades are executed by scripts that are used by 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 trade it gets a requote such that this confuses your bots, then the virtual dealer sometimes off quotes your automatic trading system, or it logs off your software for an hour such that when your system logs back again then the signals it generates are unpredictable.

SO do yourself a favor get a genuine broker that will not manipulate your Automated System EAs.