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 -CREATE YOUR OWN AUTOMATED SYSTEM

EA Builder WebSite

□ 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

□ 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

□ 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

□ 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

 

□ 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 to Volatile Market Conditions

□ Focusing on Smooth Results

■ 82.4 USD

 

» Visit the Forex Megadroid

 

TIPS:

Generally, when selecting an automated system you must focus on several issues:

(1) The poven efficiency of the system (based on its historical performance)

(2) The ability of the system to adapt to new market conditions (you can test it on a Demo Account to find that out)

(3) The price you have to pay to own the system (in how many Real Accounts can this system be used?)

(4) What are certified traders (who used the system) have to say about it?

 

Note, that is always better to try building your own automated trading system than use a commercial system. Commercial systems are followed by thousands of people simultaneously and that is never good news.

 

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 indices

» Soft Commodities

 

 

■ LEARNING RESOURCES » Currency indices » CBOE Indices

» Famous Investors

» Forex Fundamentals

» Foreign Exchange Reserves

» Carry Trade Information

» The History of Interest Rates

 

□ Compare Forex Automated Systems

CarryTrader.com (c)

Pin It

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) Trading Rebate Plans

(v) 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) Cryptocurrencies

(iv) Stock Market Indices

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

Go to top