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 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
|
WALLSTREET EXPERT ADVISOR 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
|
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
|
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
|
GPS 2 EXPERT ADVISOR RATING: 3/10 |
□ SCALPING FOREX □ by Mark Larsen |
■ MetaTrader4 ■ MetaTrader5 |
Scalping Currencies: Mainly EUR/USD, EUR/GBP, USD/CHF, GBP/USD □ Focusing on Scalping the Asian Session □ Trailing Take-Profit and Reverse Strategy □ Targeting Profits 15-25 pips □ Note that stop-loss orders by this robot are placed wide |
■ 149.0 USD
|
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
|
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
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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):
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.
The Foreign Exchange market is divided into four main sessions: the European, the North American, the Australian, and the Asian sessions. Alternatively, these sessions are called as the London, New York, Sydney, and Tokyo sessions. As it was mentioned before, there are two time zones (Winter and Summer Zones).
(a) WINTER ZONE (OCTOBER-APRIL)
◙ EST (US) WINTER TIME ZONE
Typical EST/EDT Forex Winter Trading Hours:
◙ GMT (UK) WINTER TIME ZONE
Typical GMT Forex Winter Trading Hours: