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.
FXParabol uses a combination of two indicators in such a way as to detect a trend and determine the moment when to start trading in the direction of this trend.
Without using a grid, martingale, or hedging strategies, Fund Trader approaches the market via a dualistic (2-step) process to determine when to enter and exit the market with profit.
FXQuasar Expert Advisor does not use indicators.
It works directly with quotes and internal algorithms for analyzing the current market situation, as well as analyzing price movements over the past few days.
Based on the results obtained, it decides whether to open a trade or wait and in which direction to trade.
Forex Truck Expert Advisor has a special feature - it consists of two blocks that work together in addition to risk control.
The strategy and algorithms used in the EA made it possible to achieve full compatibility with any broker, so there is no need to select a broker with special trading conditions - any broker will do.
Stealth Trader is a low drawdown system, meaning it's designed to trade with very little loss while maximizing profits using NO martingale and NO grid strategy whatsoever. There will be opportunities to profit almost EVERY SINGLE DAY.
The highest-performing gold EAs all share the same common logic: grid trading.
Valery Trading EA developers team have developed the #1 ranked grid trading EA, called Waka Waka, and then they have applied many of the algorithmic principles from Waka Waka to this gold EA, and the results have been mind-blowing: Golden Pickaxe performs even better than Waka Waka.
Quick Scalp Trader identifies the trend with optimized moving averages, then determines an entry based on fractals and candlestick movement.
The cornerstone principles for Power Trader take into account price action, market volatility, and short-term trending.
Waka Waka is a professionally developed grid system with built-in risk settings that you can choose from, ranging from Low to High.
XFXEA calculates an entry point by evaluating a certain number of bars in a unique way and then forms a critical range. Based on this range, determines how and when to start trading.
All this is done without using the principle of Martingale.
The strategy of the Trader's Sun EA, embodied in the algorithm, is based on determining support and resistance levels, as well as identifying the behavior and direction of the Market’s movement, in order to assess the strength of the movement impulse and the probability of its continuation.
Trader's Moon EA is an Expert Advisor that uses the Martingale principle, but with a number of significant improvements and benefits.
Night Hunter PRO utilizes smart entry/exit algorithms to identify only the safest entry points during calm periods of the
market.
Evening Scalper PRO uses an original & compelling trading logic on cross pairs that have a solid mean-reverting tendency with high-profit targets (unlike most night scalpers).
FX Scalper X Forex robots allow the automation of analytical and trading processes. They can open and close trades based on certain criteria or calculations that it has been programmed to do.
Algorithmic Happy Brexit is a built system based on finding so-called "big fish" time movements; huge pips variations using a very low degree of drawdown.
Patterns are formations of pricing that provide us with a graphical representation of what’s going on behind the scenes in the market, Pattern Trader PRO can recognize them and make trades based on their analysis.
Happy Galaxy has new built-in methods for determining the trend direction, small grids, or loss recovery. As a bonus, News Filter is implemented to reduce drawdown at high market volatility.
News Action Trader utilizes real-time economic information from a reliable news source and automatically opens, manages, and closes trades.
