Algorithmic trading, the so-called, automated Forex trading, is a way to gather and coordinate the ideas and principles of one or more of the other manual Forex trading strategies into one computer application that runs on a trading platform like MT4 to give orders to it according to its programming conditions to buy or sell a certain amount of a currency pair at a specific time frame.
As mentioned, this kind of computer program is based on signals derived from technical analysis strategies, this is done by adding instructions to the software to search for certain signals and determine the way of interpreting them. Highly developed advanced platforms as NetTradeX, MetaTrader 4, and MetaTrader 5 come with complementary integrated platforms that allow for such algorithmic trading.
Developing a Forex trading strategy by robots and programs mainly aims to avoid the emotional aspect of manual trading, as it is believed that the psychological interaction with trades prevents them from being reasonable and often impacts trades negatively.
Best Free Scalper Pro is a powerful automated Forex scalping system, one of the FXAutomater family. A reputable ECN Forex broker with very tight spreads, low commissions, and minimal slippage is required as it can confirm the difference between a winning and losing trading system, especially scalping strategy ones.
HappyWay doesn't use any indicator and its advantage is that it uses reinsurance positions (grid strategy) without increasing lots (no martingale).
No Grid, No Hedging, No Martingale, and No Massive StopLoss. But a strong evolved Money Management System.
FXTrackPRO Expert Advisor works with 3 different types of indicators at once. The interesting thing is that the EA does not use them simultaneously to determine an entry point, it uses them based on a certain algorithm.
Happy MartiGrid uses a martingale / grid strategy with technical indicators and a News filter.
Smart Scalper PRO is very simple, but it is based on the most proven trading principle since the markets exist – enter the market in the direction of a strong market impulse after a reasonable correction is detected.
AX Trader is a High-Frequency Currency Trading Forex Robot coded with a unique hybrid strategy that utilizes Fibonacci and trend following.
Forex Fury follows a combination of time-restricted and scalping strategies. The robot opens all trades within one hour per day in less volatile marketing conditions.
Happy Forex secures positions using grid strategy without increasing lots (no martingale). It also uses technical analysis (indicator) for safe entry into the market with a News filter.
News Scope EA PRO applies high impact news trading.
With the help of its built-in Forex indicators, Atomic Trader uses its unique algorithm to identify when the market is supposed to go up or down, then enters or closes trades on your behalf while you live your regular day.
StrikeFX is a multicurrency martingale Expert Advisor of a new generation that doesn't settle for too long, gains stable earnings, cuts losses early before they grow, and absorbs the losses. In other words, "Martingale without diapers" is the motto of this EA.
Happy Algorithm PRO measures performance and deviations in the prices of a currency pair, shows the difference as a line and analyzes it to get an optimal hidden SL and TP.
Strictly ruled grid-based trading technique with safety "high frequency" scalping element.
Arbitrage Trading is a method that's not predicting the future market movement but tries to identify where the market will go on a broker based on another price feed and profiting from those differences.
Happy Frequency combines the concepts trend/grid/hedge/semi-martingale according to risk low/middle/high/combi EA files. The whole strategy is protected with a News filter.
FX Classic Trader swings between Support/Resistances with continuous indicators analysis & calculations by a really unique trade algorithm to decide when to close and open transactions.
