Automated Trading Made Easy

Automated trading is a method of participating in financial markets by using an automation programme that executes pre-set rules for entering and exiting the markets. As the trader, you’ll combine thorough technical analysis with setting parameters for your positions, such as orders to open, trailing stops and pledged stops.
Auto trading enables you to carry out many trades in a small amount of time, with the added benefit of taking the emotion out of your trading decisions. That’s because all the rules of the trade are already built into the parameters you set. With some algorithms, you can even use your pre-determined strategies to follow trends and trade accordingly.

Auto trading software such as MetaTrader 4, APIs is, utilised by beginners and professionals alike, both of which may find these systems helpful with decision making. Software is available sophistication.

Since computers respond immediately to changing market conditions, automated systems can generate orders as soon as trade criteria are met. Getting in or out of a trade a few minutes earlier can make a big difference in the trade\'s outcome, although a good internet connection is important for this.

In this style of trading, traders can build a portfolio of different systems and instruments to cover different market conditions allowing for a level of diversification in their approach. This would be impossible for single trading to manage and is why large firms utilize trading systems because they can do so much at one time.

Automated Trading enables you to backtest, this is a way to come up with a strategy and iron out any problems before you put real funds on the line. This would give you invaluable insight into whether or not your strategy is going to be successful. Allowing you to optimize your strategy by looking at market data. It also allows you to determine the system’s expectancy (the amount you can expect to win or lose).'

Automated trading systems minimize emotions throughout the trading process. By keeping emotions in check, traders typically have an easier time sticking to their trading strategies.

Automated trading is programmed to conduct trades on your behalf according to predetermined conditions by EA’s (Expert advisors) and automatically updated in real-time. No need to be day trading again, no need to stay up at night, scan for hours on the market and this all because the EA carries the heavy load for you.

Completely removes emotion from trading decisions. Most new traders simply struggle to keep on trading a strategy when they have had a few losing trades thereby never achieving a consistent set of trades to allow a statistical edge to work in their favour. Auto trading removes this emotion as the trading robot can execute your trades without any emotion.
In this style of trading, traders can build a portfolio of different systems to cover different market conditions allowing for a level of diversification in their approach. As the algo can also show all the previous historical trades, traders can quickly identify whether a system has worked historically and gain useful statistics to understand when it will stop working in the future (such as exceeding historical consecutive losses, etc).

Manual Trading does take time. The trader needs to perform research, be there to place their orders and spend time reviewing their trades and individual behaviour to try and reach superior performance. Some of these tasks can be semi-automated though. Many traders often let their emotions get to them and start to 'gamble.' It is up to the trader to maintain discipline in risk management at all times, making sure they don't risk too much to allow for losing trades, making sure they trade consistently to allow a statistical edge to work in their favour and making sure they focus on their processes rather than all the noise of other people's opinions.
Many manual traders struggle with being solely accountable for their trading account and will often blame their strategy, or their platform, or their broker, rather than look internally at their behaviour and decision-making abilities.