Currency Trading
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:
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AUTO-TRADING SYSTEM |
DEDCRIPTION |
TRADE PLATFORMS |
KEY FEATURES |
PRICE AND WEBSITE |
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EA BUILDER SYSTEM CREATOR
RATING: 10/10 |
□ CREATE CUSTOM EAs □ EAs FOR TRADING FOREX, EQUITIES, COMMODITIES □ FREE FOR INDICATORS / PAID FOR EAs |
■ MetaTrader4 ■ MetaTrader5 ■ TradeStation
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□ 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
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WALLSTREET EXPERT ADVISOR
RATING: 7/10
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□ 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
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FOREX DIAMOND EXPERT ADVISOR
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
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FAP TURBO 2 EXPERT ADVISOR
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
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FOREX MEGADROID EXPERT ADVISOR
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
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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 | ► Brokers for Carry Traders | ||||||
| ■ CURRENCY PAIRS | ► EURUSD | ► GBPUSD | ► USDJPY | ► EURGBP | ► AUDUSD | ► NZDUSD | ► USDCAD |
| ■ GLOBAL MARKETS | » Gold |
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| ■ LEARNING RESOURCES | » Currency indices | » CBOE Indices | » Forex Fundamentals |
□ 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.
Two Time Zones
There are two Forex time zones (Summer and Winter):
- Summer Zone (April – October)
- 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 FOR CURRENCY TRADERS -FOREX BROKERS AND THEIR REAL TERMS COMPARISON TABLE
COMPARE ALSO: » FOREX AUTO-SYSTEMS | » BROKERS FOR CARRY-TRADERS | » CURRENCY PAIRS
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FOREX BROKER |
TRADING SPREADS |
TECHNOLOGY |
ACCOUNTS |
INFORMATION |
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» 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:
Traders can withdraw the 100% welcome bonus -Volume requirements FUND METHODS:
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KEY LQDFX FEATURES
► Register an ECN Account with LQDFX |
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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:
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KEY ICMARKETS FEATURES
► IC Markets Website and Trading Accounts |
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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:
FUND METHODS:
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KEY FP MARKETS FEATURES
► Register an ECN Account with FP Markets |
MORE ON CARRYTRADER
| ■ COMPARE PROVIDERS | ► Brokers for Carry Traders | ||||||
| ■ CURRENCY PAIRS | ► EURUSD | ► GBPUSD | ► USDJPY | ► EURGBP | ► AUDUSD | ► NZDUSD | ► USDCAD |
| ■ GLOBAL MARKETS | » Gold |
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| ■ LEARNING RESOURCES | » Currency indices | » CBOE Indices | » Forex Fundamentals |
■ Compare Forex Trading Brokers
CarryTrader.com
Subcategories
Trading Currencies
Success in Currency Trading comes when experience meets perfect information...
Focus constantly on improving your trading process and money will flow naturally:
Trading Rebates
Joining a trading rebate plan means making money from your trading volumes...
Trade Systems
Trade the Global Markets using State-of-the-Art Technology...
Trading Tips
Sharpen your Trading Skills by taking the advice of successful Forex Traders...
Trade ECN Forex
Spread as low as 1.0 pip on EURUSD and free VPS Hosting..
