Trading made easy

Trading made easy – Here’s why you need automated Forex Trading Systems 

Automated trading plugins, scripts, and expert advisors are taking online trading by storm.  

Before the automation of the forex market, the futures market was the first to switch to automation. Then, the traders on the forex market decided to catch up with the latest trend and moved to the new system as it provides a wide range of advantages compared to manual trading.  

An automated forex trading system enables traders to execute their trade on the forex market automatically and any time of the day, based on existing technical indicators and custom trading rules. There can be various features included in an automated trading system, such as:  

• Automatic trailing stops especially if the trader is losing in a particular trade position  
• Account equity management  
• Stop and/or limit orders  
• Discretionary market orders  
• Various technical analysis indicators and trend-following systems  

Automated forex trading systems support most of the following indicators (the technical support will depend on the technology used as well as the available features of the system):  

• WMA (weighted moving average)  
• EMA (exponential moving average)  
• SMA (simple moving average)  
• VMA (variable moving average)  

• TMA (triangular moving average)  
• TSMA (time series moving average)  
• WATR (Wilders average true range)  
• VHF (vertical horizontal filter)  
• Standard deviation  

• Trailing stops  
• Mass index  
• Fixed limits, stops, and others  

The success of the automation process in the forex market is attributed to several factors, such as the following:  

• Its ability to perform or execute trades in real-time. Because of automation, a trader can close hundreds of trades within a few milliseconds. This is impossible in manual systems, as previous trades are normally closed after several hours. In addition, there are also instances wherein a trader incurs several losses in a row that prevents him from making any new transactions. Thus, with an automated Forex trading system, this problem could be avoided.  

• It provides for greater diversification. With an automated trading system now in place, a trader can trade in various local as well as international markets within varying time zones. In other words, you can place trades or close positions when they reach the desired target even while you are asleep.  

• Its ability to analyze short-term data. This feature is not available in a manual trading system. Thus, traders using the automated system have a bigger advantage since they can predict market trends in less than an hour.  

If you consider both the innovative features as well as the benefits of an automated forex trading system, it will give you a solid conclusion: with the forex market on automation, you will be able to monitor more markets simultaneously and take advantage of more opportunities throughout the intraday trading session.  

If you are using the automated Forex trading system, the evaluation of exchange rates and market conditions could be done within a few minutes, since economic data are monitored in real-time. In just a few seconds, the algorithm will be able to spot opportunities and decide the most favorable entry and exit prices.   

Whereas a manual trader may be averaging a couple of trades within an hour, an expert advisor can pick up on hundreds of profitable opportunities in a variety of different markets and trade them automatically according to your predetermined targets and risk tolerance.   

The forex market, with its massive daily trading volumes, offers the perfect conditions for automated trading systems, since order execution is nearly instantaneous, which enables algorithmic trading to take full advantage of opportunities as they arise.   

Also, the technology is rapidly evolving, and thus there is a tendency that the average number of trades per day will increase, thus a possibility of increased trade volumes on daily basis. With faster trade execution, that is a certain possibility.  

The forex market is now at the helm of innovation and automation of fintech technology. Transactions are now faster and earning potential through online forex trading is now much easier and more accessible than a few years ago.  

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