What is a Trading Platform?
A trading platform is a software application that enables traders to open, close, and alter positions through a financial broker. A trading platform can be either a web-based application or software installed on desktop/mobile devices. Most trading platforms are free software, but in some cases, platform providers or brokers may charge a fee.
- What is Automated Trading?
Automated trading is a method of trading the global financial markets based on a combination of computer software and hardware. Automated trading is a sophisticated branch of systematic trading and all automated trading systems are systematic.
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FOREX PLATFORM |
KEY FEATURES |
FOREX ROBOTS
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PLATFORM'S PROS
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WEB SITE
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■ Free Platform ■ MQL-5 Language ■ Forex and Futures ■ API Trading ■ Trading from Charts and 79 Analytical Tools ■ Strategy Tester using Historical Data ■ Full-Featured Integrated Development Environment (IDE) |
Many Available Robots:
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■ Becoming Popular ■ Able to open 100 Charts at the same time ■ Trading from Charts ■ Trading Championships ■ Advanced Charting and 21 Time Frames |
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■ Paid {after a 14-day trial period} ■ Create Algorithmic Strategies ■ Find and Modify Already-made Strategies ■ Compatible with MT4, Tradestation, and NinjaTrader ■ Trading any Market in any Chart ■ Advanced Strategy Tester and optimization |
Customized Algo Forex Robots
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■ No Need for Programming Skills ■ Very advanced for algorithmic trading ■ Full tutorials, forums, and customer support ■ Multi-level Optimization and Backtesting in Random Conditions |
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■ Free Platform ■ MQL-4 Language ■ Forex and Futures ■ Full-Cycle Platform enables API trading ■ Trading from Charts ■ Strategy Tester using Historical Data ■ Advanced Charting |
■ Most Popular Platform ■ Reliable Trading (Forex and CFDs) ■ Hundreds of Brokers and Programmers ■ Hundreds of Free Indicators ■ Trading Championships |
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■ Paid Platform ■ Forex, Stocks, and Futures ■ SuperDOM Feature (Single click order entry, modification, and cancellation) ■ Advanced Analytics ■ Strategy Tester using Historical Data and Trading Simulator ■ Trading from Charts |
Many Expert Advisors are available
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■ Very User-Friendly Environment ■ Excellent Chart Capabilities ■ Supported by many brokers ■ 300 Commercially Developed add-ons (strategies and indicators) ■ Display Forex Market Depth |
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■ Free Platform ■ Offering Automatic, Semi-Automatic, and Manual Trading ■ T-Score (Strategy Scoring Method) |
Many Expert Advisors are available
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■ Portfolio Risk Management offering advanced stop-losses ■ Live market trends and deep analysis. ■ Indicators, oscillators plus chart studies are easily available ■ 33 Forex Brokers Support the MirrorTrader |
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■ Free Platform ■ 180 Indicators ■ Automated Strategy Visualization and Back-Testing ■ Client Bridge with MT5 ■ API Trading |
Many Expert Advisors are available |
■ Full Market Depth Option ■ Individual Bids and Offers are placed directly ■ Historical Tests based on Real Tick Data ■ Trading Championships |
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These are the minimum requirements for building a successful automated trading system:
- Dedicated ECN trading account (offering competitive pricing)
- Personal Computer (minimum 5 cores, 8 GB Ram, 300GB HD)
- Fast and reliable internet connection
- An Automated Trading platform (usually it’s free)
- Installing an Expert Advisor (commercial or custom-made)
- VPS Service (generally offers better and more reliable results)
Learn about automated Forex trading and find reviews regarding Expert Advisors, Trading Systems, and Forex Brokers...