Automated Forex Trading System: Increases Your Trade Volumes by Howard H
The exchange-traded futures market was the first to switch on automation. Then, the traders on the Interbank spotted the FX or forex market and decided to catch up with the latest trend and moved to the new system
The Automated Forex trading system allows traders to execute their trade on the spot, 24 hours a day 7 days a week. This new automated system is based on existing technical indicators and custom trading rules. With the automated trading system now in place, a trader can trade in various local markets as well as international markets within varying time zones. In other words, you can place trades or close deals with different traders from various markets around the world even in the middle of the night.
There are various features included in the automated trading system such as: automated trailing stops especially if the trader is losing in a particular trade position, account equity management, stops and / or limits orders, discretionary market orders and various technical analysis indicators within your discretion for enabling trend -following systems.
Automated Forex trading systems supports most of the following indicators: WMA (weighted moving average), EMA (exponential moving average), SMA (simple moving average), VMA (variable moving average), TMA (triangular moving average), TSMA (time series moving average), WATR (wilder's average true range), VHF (vertical horizontal filter), Standard deviation, Trailing stops, Mass index, and fixed limits and stops are a few to mention.
The success of the automation process to the Forex market is attributed to several factors. The trader has the ability to perform or execute trades in real time. With automation, a trader can close trades within a few milliseconds. With a manual system, trades normally closed after several hours. Prior to the automation, there were instances where a trader could incur several losses in a row. This prevented, the trader from making any fresh transactions. Now, with the Forex automated trading system this problem can be avoided.
Automation also allows for greater diversification. The automated system also has the ability to analyze short-term data. This feature is not available with a manual trading system. The biggest advantage for traders using automated system is they can predict market trends in less than an hour.
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