An automated Forex trading system is a combination of hardware and software consisting a Computer, a Trade Platform and a Programming Code (Expert Advisor) that plugs-in the platform

 

AUTOMATED FOREX SYSTEMS -COMPARISON TABLE

What is an Automated Forex Trading System?

An automated Forex trading system is a combination of hardware and software consisting a Computer, a Trade Platform and a Programming Code (Expert Advisor) that plugs-in the platform. Such systems are designed to open and close long/short positions in the currency market without any human interference. All executed trades are based exclusively on the combination of a trading strategy and a money management system (MM), implemented as software code by the computer system.

Comparison of some of the most popular Forex Automated Systems in the World:

AUTO-TRADING SYSTEM

DEDCRIPTION

 TRADE PLATFORMS

KEY FEATURES

PRICE AND WEBSITE

EA BUILDER SYSTEM CREATOR

EA Builder WebSite

RATING: 10/10

□ CREATE CUSTOM EAs

□ EAs FOR TRADING FOREX, EQUITIES, COMMODITIES

□ FREE FOR INDICATORS / PAID FOR EAs

■ MetaTrader4

■ MetaTrader5

■ TradeStation

 

□ Build custom Expert Advisors (Paid)

□ Build custom Indicators (Free)

□ No Need for Programming Skills

□ Wide Range of built-in functions

□ Create Alerts via Audio, Screen, and eMail

■ Free for Indicators

■ 97.00 USD for EAs

■ Free Lifetime Access

 

» Visit the EA Builder

» More about the system on ForexRobots.net

WALLSTREET EXPERT ADVISOR

WallStreet Forex Robot

RATING: 7/10

 

□ SCALPING FOREX

□ 4/5 DIGIT AUTOMATIC TRADING

□ by a team of pro traders and programmers

■ MetaTrader4

■ MetaTrader5

Scalping Currencies: EUR/USD, GBP/USD, USD/CAD, USD/JPY, USD/CHF, AUD/USD, NZD/USD

□ Scalping the M15 Chart

□ Risk Protection Mechanism

□ Focus on Spreads and Slippage Control

□ Can be used in 3 Real Accounts and unlimited Demo Accounts

■ 299.0 USD

■ Omega Indicator Free

 

» Visit the WallStreet Forex

FOREX DIAMOND EXPERT ADVISOR

Forex Megadroid Web

RATING: 7/10

□ SCALPING FOREX

□ 4/5 DIGIT AUTOMATIC TRADING

by a team of coders

■ MetaTrader4

Scalping Currencies: GBP/USD, EUR/USD, USD/CHF, USD/JPY

□ Focusing on the M15 Chart

□ High Spread & Slippage Protection

□ Incorporates 3 algorithms (Trend / Retrace, Countertrend, and Scalping Algorithm)

□ Dynamic Take Profit and Trailing Stop-Loss Orders

□ Can be used in 1 Real Account and unlimited Demo Accounts

■ 279.0 USD

■ Free Future Updates

 

» Visit the Forex Diamond

FAP TURBO 2 EXPERT ADVISOR

FAP Turbo 2 Web

RATING: 5/10

□ SCALPING FOREX

□ LONG-RUN TRADING

□ by Steve Carletti

■ MetaTrader4

Scalping Currencies: EUR/GBP and EUR/CHF

□ Scalping the M15 Chart

□ Forex Brokers Stealth Mode

□ On average 1-5 Trades per day

□ Targeting Profits 6-10 pips

■ 149.0 USD

■ Free Lifetime Updates

 

» Visit the FAP Turbo

FOREX MEGADROID EXPERT ADVISOR

Forex Megadroid Web

RATING: 3/10

 

□ SCALPING EURUSD

by John Grace and Albert Perrie

■ MetaTrader4

■ ZuluTrade

Scalping Currencies: EUR/USD

□ Forex Brokers Stealth Mode

□ RCTPA Mechanism to trade any Market Conditions

□ Adjusting Parameters to adapt Volatile Market Conditions

□ Focusing on Smooth Results

■ 82.4 USD

 

» Visit the Forex Megadroid

NOTE: Our Rating consist:

(1) The efficiency of the automated trading system as a whole

(2) The ability of the system to adapt to new market conditions

(3) The price charged in order to own the system

(4) The re-fund rate of past customers who have bought the system and then asked for their money back (Data from Clickbank)

MORE ON CARRYTRADER

■ COMPARE PROVIDERS

Forex Brokers for Day Traders

Brokers for Carry Traders

Automated Forex Systems

       
■ CURRENCY PAIRS EURUSD GBPUSD USDJPY EURGBP AUDUSD NZDUSD USDCAD
■ GLOBAL MARKETS » Gold

» Crude Oil

» Natural Gas

» Stock Market

» Soft Commodities

 

 

■ LEARNING RESOURCES » Currency indices » CBOE Indices

» Famous Investors

» Forex Fundamentals

» Foreign Exchange Reserves

» Carry Trade Information

 

 

□ Compare Forex Automated Systems

CarryTrader.com (c)

Forex Market Sessions and Time-Zones

The Foreign Exchange market is open and active 24 hours a day, 5 days per week. This unique feature allows Forex investors in all over the world to trade during their normal hours.

The overlap between London and New York sessions offers the best opportunities for currency traders..

 

Two Time Zones

There are two Forex time zones (Summer and Winter):

  1. Summer Zone (April – October)
  2. Winter (approx. October – April)

 

Forex Market Sessions

Currencies trade 24 hours a day, 5 days a week. This round-the-clock trading process exists due to different time zones where markets operate in the four corners of the world.

 COMPARE FOREX BROKERS AND THEIR TRADING CONDITIONS

COMPARE FOREX BROKERS FOR CURRENCY TRADERS -FOREX BROKERS AND THEIR REAL TERMS COMPARISON TABLE

COMPARE ALSO: » FOREX AUTO-SYSTEMS | » BROKERS FOR CARRY-TRADERS | » CURRENCY PAIRS

FOREX BROKER

TRADING SPREADS

TECHNOLOGY

ACCOUNTS

INFORMATION

» LQDFX


REGULATED BY:

(N/A)

SEGREGATED CLIENT BANK ACCOUNTS:

YES

 

FOUNDATION:

2015

HEADQUARTERS:

Malta

 

TYPICAL SPREADS:

EURUSD: 1.2 pip

GBPUSD: 1.8 pip

USDJPY: 1.2 pip

COMMISSIONS ON TRADING:

NO

 

US TRADERS: NO

SWAP-FREE ACCOUNTS: YES

EXECUTION TYPE:

ECN/STP

ONLINE PLATFORMS

□ MetaTrader4

 

□ Mobile Traders

SCALPING: YES

ROBOTIC TRADING: YES

 

FOREX ASSETS:

70+ Currency Pairs

Full CFD Asset Index

-12 Indices

-Precious Metals

-Commodities

 

$20 Minimum Deposit Amount

 

WELCOME BONUS:

  • 100%

Traders can withdraw the 100% welcome bonus

-Volume requirements

FUND METHODS:

  • Credit Cards
  • Bank Wire
  • Skrill
  • Neteller
  • FasaPay
  • UnionPay
  • UPaid Card

 

KEY LQDFX FEATURES

  • Tight Spreads
  • 100% Welcome Bonus

 

Register an ECN Account with LQDFX


Review Fx Broker

» IC MARKETS


REGULATED BY:

ASIC (AUSTRALIA)

SEGREGATED CLIENT BANK ACCOUNTS:

YES

 

FOUNDATION:

2007

HEADQUARTERS:

Australia

TYPICAL ECN SPREADS:

EURUSD: 0.1 pip

GBPUSD: 0.5 pip

USDJPY: 0.3 pip

COMMISSIONS ON TRADING:

$7/ full traded lot

 

US TRADERS: NO

SWAP-FREE ACCOUNTS: YES

EXECUTION TYPE:

ECN/STP

ONLINE PLATFORMS

□ MetaTrader4

□ MetaTrader5

□ cTrader

□ FIX API

□ Mobile Traders

SCALPING: YES

ROBOTIC TRADING: YES

FREE VPS: YES

PAMM ACCOUNT: YES

 

FOREX ASSETS:

55+ Currency Pairs

Full CFD Asset Index

LEVERAGE ON CAPITAL: 1:500

$200 Minimum Deposit Amount

WELCOME BONUS:

(N/A)

 

FUND METHODS:

  • Credit Cards
  • Bank Wire
  • MoneyBookers
  • Neteller
  • WebMoney

KEY ICMARKETS FEATURES

  • Tight spreads plus low commissions
  • Many currency pairs and cryptocurrencies
  • PAMM accounts
  • Many Trading Platforms
  • FIX/API Trading
  • Fully automated trading allowance and FIX/API

 

IC Markets Website and Trading Accounts


Review Fx Broker

» FP Markets


REGULATED BY:

ASIC (AUSTRALIA) & CySEC (CYPRUS)

SEGREGATED CLIENT BANK ACCOUNTS:

YES

 

FOUNDATION:

2005

HEADQUARTERS:

Australia

 

(1) FIXED SPREADS:

EURUSD: 1.10 pip

GBPUSD: 1.60 pip

USDJPY: 1.46 pip

COMMISSIONS ON TRADING:

NO

 

(2) VARIABLE SPREADS:

EURUSD: 0.10 pip

GBPUSD: 0.50 pip

USDJPY: 0.36 pip

COMMISSIONS ON TRADING:

$7/ full traded lot

ECN execution

 

US TRADERS: NO

SWAP-FREE ACCOUNTS: YES

 

EXECUTION TYPE:

ECN/STP

 

ONLINE PLATFORMS

□ MetaTrader-4

□ MetaTrader-5

□ IRESS Trader

SCALPING: YES

FREE VPS: YES

PAMM ACCOUNT: YES

 

FOREX ASSETS:

60+ Currency Pairs

Full CFD Asset Index

-Indices and over 2,000 shares

-Cryptocurrencies

-Precious Metals

-Commodities

 

$100 Minimum Deposit Amount

 

WELCOME BONUS:

  • (N/A)

FUND METHODS:

  • Credit Cards
  • Bank Wire
  • Skrill
  • Neteller
  • FasaPay

 

KEY FP MARKETS FEATURES

  • Fair Rollover Rates and Tight Spreads
  • Free VPS
  • PAMM accounts
  • MT4, MT5, and the professional IRESS platform
  • Good Technology

 

Register an ECN Account with FP Markets


Review Fx Broker

 

MORE ON CARRYTRADER

■ COMPARE PROVIDERS

Forex Brokers for Day Traders

Brokers for Carry Traders

Automated Forex Systems

       
■ CURRENCY PAIRS EURUSD GBPUSD USDJPY EURGBP AUDUSD NZDUSD USDCAD
■ GLOBAL MARKETS » Gold

» Crude Oil

» Natural Gas

» Stock Market

» Soft Commodities

 

 

■ LEARNING RESOURCES » Currency indices » CBOE Indices

» Famous Investors

» Forex Fundamentals

» Foreign Exchange Reserves

» Carry Trade Information

 

 

Compare Forex Trading Brokers

CarryTrader.com

Subcategories

Trading Currencies

Success in Currency Trading comes when experience meets perfect information...

Trading the Forex Market

Focus constantly on improving your trading process and money will flow naturally:

» Compare Forex Brokers

» Compare Systems

» Forex Currency Pairs

Trading Rebates

Joining a trading rebate plan means making money from your trading volumes...

Contact us to Join Free Forex Rebate Plans..

» Contact CarryTrader.com

Trade Systems

Trade the Global Markets using State-of-the-Art Technology...

Trade Systems and Tools

» Automated Forex Systems

» Trading Tools

» Technical Analysis

Trading Tips

Sharpen your Trading Skills by taking the advice of successful Forex Traders...

Forex Trading Tips

» Tips from Famous Traders

» Contrarian Trading

» General Forex Trading Tips

Trade ECN Forex

Spread as low as 1.0 pip on EURUSD and free VPS Hosting..

Foreign Exchange

The Foreign Exchange Market is the largest Financial Market in the world with daily volumes of more than 4 trillion USD. When trading Forex you need a reliable and high-regulated Forex broker and a trading strategy that works:

(i) Introduction to Forex Trading

(ii) Forex Brokers for Traders

(iii) Major Currency Pairs

(iv) Automated Forex Systems

Global Markets

Trading the Financial Markets requires a perfect understanding of how demand and supply shift from time to time. Equities tend to follow bullish cycles lasting 7-9 years, and after, bearish cycles lasting 3-4 years. Energies tend to follow annual time patterns while Precious Metals tend to follow longer time cycles:

(i) Gold Trading

(ii) Crude Oil Trading

(iii) Rebate Plans

Learning

If you are a trader, learning is a non-stop process. CarryTrader offers a wide variety of educational resources including trade tools, techniques, and strategies:

(i) Currency Indices

(ii) Famous Investors

(iii) Technical Analysis

(iv) Brokers for Carry Traders

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