Automated Trading Systems
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Thread: Automated Trading Systems

  1. #1
    Excuse my ignorance, but I am as new as a newie can be. I haven't even set up a demo account yet, but I have been learning as far as I can and I have been paper trading.

    I work full time. After seeing how fast the prices can change when I am away from my desk at work, I am concerned about having the ability to exchange while holding down a full time job. I have seen some articles on automated trading systems. Can somebody give me more info on this?

    Do I need to have some vendor's software bundle to set up the system?

    How can the trades get excuted throughout my broker?

    If I put up a very simple trading platform with entry and exit points (e.g. moving average crossover system), can I simply tell my broker my own system and allow them to execute the trades?

    That is confusing to me. I probably am going to have a lot of questions about this, but these are the ones that I can think of off the top of my mind.

    I hope this starts a lively dialogue, because I sure would like to get a lot of comments.

    Due

  2. #2
    Quote Originally Posted by ;
    Excuse my ignorance, but I'm as new as a newie is. I haven't even set up a demo account yet, but I have been learning as much as I can and I've been paper trading. I work full time. After seeing how fast the prices can alter once I'm away from my desk at work, I'm concerned about being able to exchange while holding down a complete time job. I've seen some posts on automated trading egies. Can somebody give me more info on this? Do I have to have a vendor's software package to set up the system? How can the transactions get excuted...
    that you don't require extra software.
    MetaEditor installs with MetaTrader4.
    Than you need to open it and compose code of your ExpertAdvisor. (if you would like to compose your owne EA)
    If you wish to utilize other EA's than simply download it and replace into EA's folder(file-open origin folder-MQL4-Experts)
    Orders will be implemented for example you also do it manually.

  3. #3
    I personally have been working on an automated system. When I state automated, the only part automated are the causes. I still determine if the system will probably be extended / short or outside.
    I still review my charts daily/4 hour 1 hour. The machine trades in the 30 second mark. The main reason is, the machine ought to have a confirmation pub as an exit, so if the trade goes against me at the hour time period, I can't manage the strikes my account may choose the start. As I progress, I will proceed to the 1 hour.

    The other motive, is that the system monitors all majors and a couple of others (eur/jpy, etc.) I had to automate since my work hours do not permit me to exchange the hours I want. Once I am in a position to trade full time, I shall then eliminate more of my automation. As soon as I left this afternoon I had been short the GBP/USD, Eur/USD and extended USD/CHF -- Remember, this is demo and is for the next few months.

    That I only wish to save my cash once for a trading account

    To accept the losses that incur using an automated trading system. I look at it. Trading is my enterprise. My system is the supervisor and every trade opened is a worker. My occupation of owner is to assist my supervisor make the best choices possible. Since the markets are not the same, they simply look that way. I don't know when an employee will crap out on me. I have heard it said this to train a worker in the actual world can be 35k-50k -- As for me personally, my employee gets fired if he doesn't play after 25-30 pips.

    I'm ok with the reduction listen and there. It is only the price of doing business.

  4. #4

  5. #5
    Quote Originally Posted by ;
    I like it, try it out ! file
    Hello jack! Thank you for adding this system! However, I wanna know more details about this trading platform if possible please before practicing in my demo, thanks in advance.

  6. #6
    Quote Originally Posted by ;
    I personally have been working on an automated system. When I say automated, the only element automated would be the causes. I still decide whether the system will be extended / short or outside. I still review my charts daily/4 hour 1 hour. The system transactions at the 30 minute mark. The main reason is, the system ought to have a confirmation pub as an exit, so if the transaction goes against me in the hour time period, I can't manage the hits my account may take the start. As I advance, I will move into the 1 hour and up. Another reason, is the system monitors all majors...
    Hello Hunter! What's the title of your trading platform? Can it be trading egy or trading robot? I am interested to understand information about your trading instrument.

  7. #7
    How this automated Trading system work? I would love to try this.

  8. #8
    Men, dont be naive. Nobody will give away their system free of charge if its profitable, which will be absurd. You are losing your time hoping that you will discover something good. The only thing which will take place by using EAs which you find here is you will eliminate some or all your cash.

  9. #9
    As a trader we are not able to control emotions for all times, that is why it's more appropriate to use automated trading system since it has no emotions. But not at all instances. It might be a cause of unfortunate losses.

  10. #10
    Quote Originally Posted by ;
    As a trader we are unable to control feelings for many times, that is the reason why it's more suitable to utilize automated trading system because it doesn't have any emotions. But not at all times. It could be a reason for losses.
    Rubbish -when automated systems functioned we'd all have one and the market could crash !

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