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Showing results for tags 'automated forex trading'.
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I have bought quite a few robots since I have started with Forex and traded them live with a computer from home connected to the internet. I knew that a VPS is THE solution to ensure that the MT4 broker platform is always up and trading but I could not afford the $35 or $97 monthly fee. Some brokers do provide a free VPS provided the account balance is $1,000 or more, but once again my deposit was only $500. At one stage my account was up to $750 but then disaster struck! My internet connection went down for 2 days. When my connection was restored, my account was reduced to only a few Dollars and I have since seazed live trading due to insufficient funds to start a new account. Had I known about ZuluTrade's existance, this would never have happened and I am almost certain that my account would have been way beyond $1,000 by now. For the people that do not know or are not familiar with ZuluTrade, let me enlighten you. These guys provide a FREE service similar to some paid Trade Copier Service Providers. You open an account with one of the brokers displayed on their site (Alpari is there, FXCM, AvaFX, Boston and quite a few others). Next you review all the professional traders and their performances - if you like, you add that trader to your account. You assign a risk margin, number of open trades allowed, stop loss and take profit levels and click the activate button to start trading. When a trader opens a trade, that same trade is also executed on your account - trade is copied and executed on your account! Well I am impressed with the results. The only negative thing about this service is that you pay both the broker spread as well as a small margin of additional spread to the trader - everybody wins! What makes it better than an automated robot is that if a trader does not perform, you just remove him from your account and add a new more profitable trader. And you can assign multiple traders to your account! In addition, you do not need to install the MT4 platform software, you do not need to have a VPS, actually nothing extra is required. I only started this week of 05 October and the traders already added $12,000 to my demo account! Check out my demo account at: http://forexid10t.zulutrade.com/Follower.aspx?ref=1&id=276005 This is maybe a very good option for newbies to Forex before they get involved in automated forex robots or manual forex trading? I hope this helps the newbies on the forum. Barry
I am designing software which will act as a trading tool for traders, trading on any platform and any instrument (stocks, forex, commodities). Some of the features are listed below. I would like to gauge a sense of its demand before I launch it publicly and any input anyone may have. I am doing an early launch with basic functionality so I can fund the additional enhancement on the system (some listed below) 1) can read data of the screen and compare between two platforms and place trades automatically to capture arbitrage and spread trading opportunities. NO API NEEDED (finished) 2) NO API connection or back end software integration needed to read data of your broker’s platform and then place trade on their system (finished) 3) automates traders movement on the screen to place trades automatically when trader defined basic parameters are met (finished) (advanced algorithm based parameters still in progress awaiting additional funding) 4) ability to setup invisible stops limits, place stops in the tool instead of brokers platform, and when price is met, the software will place trade on the brokers platform (finished) 5) communicate data of your actions (buy/sell signals) to multiple traders (using this platform) simultaneously so they can follow your actions on their platform. (work in progress-awaiting additional funding) 6) if you are a recipient of another traders buy/sell signals, you can automate the action to place trade on your platform as simultaneously as you receive the signal and reduce reaction time. (work in progress-awaiting additional funding) 7) Advanced algorithm in simple language (work in progress-awaiting additional funding) I can post a video of the system in action (comparing rates between two forex brokers and then placing a trade between them to capture arbitrage opportunities). System is ready enough to place trades on arbitrage opportunities (I will post vdo shortly), trader defined stops limits. System will work on any platform and any instruments, including stocks, commodities futures (and capture spreads and arbitrage between them, faster than any human can)
Automated Execution is generally put in place with Expert Advisors in Meta Trader, or with similar programs. These trades tend to be based on technical conditions which show that certain trade entries should be executed, such as a reversal at Fibonacci levels or with an overextended indicator reading.
FXCM is holding an automated forex trading contest which begins October 17. Trading will take place on the Strategy Trader platform which uses C# for strategy coding. The top 3 winners receive the following cash prizes: 1st - $10,000; 2nd - $7,000; and 3rd place - $3,000. Below are some important dates to note in order to participate. Important Dates: September 7: Contest registration opens. Begin coding and testing your automated strategy to prepare for the first day of the contest. October 15: A starting balance of $1,000 will be used for the official contest. Therefore, at the close of trading on October 15th contest demo accounts will be automatically reset to $1,000 and any open positions will be settled. October 17: Contest officially begins when trading opens Sunday October 17th. Participants should activate their automated strategies for trading. There is a leaderboard on the contest page which will update hourly with the current leaders. December 3: Contest trading period ends. Final equity levels will be recorded and prizes will be awarded to the top three contestants If you're going to participate, please make sure to register for the demo though the contest page. All information including FAQ's can be found on the contest website: http://www.fxcm.co.uk/automated-forex-trading-contest.jsp
The coding documentation for FXCM's Strategy Trader help guide was recently reorganized to make it more user friendly and more detailed for coding your indicators and strategies into C#. You can find it attached to this post in the zip file. Cheers, Jason Strategy Language Help.zip