Automated Fx trading software

Discussion in 'Forex Trading' started by ronedawg, Mar 5, 2009.

  1. ronedawg


    Hey got a question for you currency traders. For all traders using metatrader and any that dont, what type of features would you want in a software package that runs alongside metatrader and allows you to automate custom made strategies? examples could include different types of trailing stops, different types of entries, risk management, ect.
  2. do you mean automated by black box? with no human intervention on entries/exits?
  3. ronedawg


    no actually i mean more of a grey box system, still some discretion on part of the trader ,
  4. Well a couple to name off the top of my head would be automatically adjusting your position size to fit as say X% of your account size risked on a particular trade according to pip size in stop (+spread) and the account size itself. Maybe an intelligent trailing stop depending on if you trade in 1/2's or all in/all out that would allow you enter the trade and have the computer take you out of the trade without any intervention necessary freeing you up to trade other pairs and not watching it.

    That would be a good start.