Programs for automatic trading on Forex: TOP 3 applications for stock traders

In this material we will tell you how to make money in the financial markets without doing anything. Did you know that automated Forex trading software accounts for 75% of daily transactions? Moreover, these are statistics for the USA. What then can we say about the regions of the Russian Federation and the CIS countries?

The popularity and demand for these trading programs will grow in the future. This prediction can be easily justified. If you have been trading for several days on the stock market or Forex, you have probably noticed that trading is often a grueling task. Moreover, something can always go wrong. There are many traders who dream of collaborating with an intelligent partner who has no emotions at all, who quickly looks for profitable deals, and whose market entries are logical. You can count such traders on the fingers of both hands. However, all these qualities are endowed with programs for automatic trading on Forex, as well as on the stock market, indices, etc.

The program analyzes the market situation in seconds and is able to conclude transactions, without the participation of a trader.

Simply put, through automated software, you can always delegate the grueling work to an automated bot. You just need to launch the trading terminal, turn on the software, and go about your business while the robot carries out transactions.

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Automated Forex trading: what is it?

In nature, there are two types of trading in financial markets:

Auto.
Manual.

Automated trading involves the use of expert advisors who, without human intervention, open and close transactions in real time on Forex or the Moscow Exchange. There are automatic programs that, before opening a trading order, conduct technical analysis and, based on prescribed algorithms, make a decision on BUY/SELL. Other advisors can trade based on economic news. Manual trading involves operating trade transactions with the hands of a trader. That is, a person himself makes a decision whether to enter the market on SELL or BUY.

What is automated Forex trading and what tools are there for it?

Automated Forex trading is a method of trading that involves optimizing the process and automating it. An ideal Forex trading automation tool involves completely independent market analysis, forecasting, opening and closing orders, setting optimal transaction parameters, and selecting trading terminal settings. Only automatic advisors (robots for Forex trading) that are activated in the Metatrader trading terminal fall under this definition.

Today, automatic Forex is needed for the following:

Reducing the time a trader spends at the monitor.
Testing various Forex trading strategies.
The ability to delegate tasks by setting up automatic opening and closing of orders according to established parameters.
The ability to avoid currency risks associated with external factors (for example, the risk of a power outage and the inability to close a transaction manually at the right time).

Automated Forex trading is an opportunity to simplify trading, but most robots are not able to guarantee a profitability of even 75%. Therefore, the use of robots, advisors and scripts must be accompanied by control. Often, beginners who do not have independent analysis skills resort to this trading format. But sooner or later, automatic Forex trading without control leads to the loss of the entire deposit or part of it.

Popular programs

A beginner in the field of transactions with binary options must navigate the abundance of robotic assistants on offer. There are several popular automated trading programs among traders:

Is a free robot from OptionBit. The program is built into the broker's platform, but it can also be downloaded. To make setup easier, a video is included on the robot's page. Synchronization with the trading account is carried out immediately. If the program operates automatically, the user will only receive a notification that will indicate a new deal has been concluded. According to reviews, signal processing is about 70%. The robot can work as an advisor.
Binary Option Robot. The assistant is designed to work with several well-known European brokers (Alpari, Robin Hood, and so on). To use it, you do not need to download the utility to your PC. You can open the advisor through a browser from any gadget. To use the robot, you need to go through the registration procedure in the Binary Option system and connect a broker from the proposed list. Next, each user sets his own parameters for trading. This will reduce risk and create an investment portfolio for which the assistant will work. The robot operates according to the traditional system: analysis, notifications, purchase. If you switch the program to manual mode, it becomes an advisor, providing the trader with options for concluding transactions. Whether to use a signal or not is a person’s decision.
IQ Robot. The software developer is IQ Option. To start, you need to open a tab in your browser. The assistant cannot be downloaded to your computer. The program allows you not only to choose a ready-made system for automatic trading, but also to create your own robot. To do this, you need to configure the transaction amount, assets and trading strategy. The site provides more than 3,000 options as ready-made templates. IQ Robot can be used not only for automated trading, but also as an advisor. The program allows you to generate further movement of an asset in order to offer to purchase an option. The average income is 70-80%.

Disadvantages of Automation

Automated trading in the Forex market has a number of disadvantages that must be taken into account before setting up automation tools:

Fundamental factors cannot be taken into account fully (for example, breaking news, events, emergencies, periods of crisis);
The need for preliminary testing on small deposits;
The high cost of well-developed trading systems created by programmers and traders;
The need for constant optimization and customization.

Despite the inherent disadvantages, many traders use automation tools in their day-to-day trading. Forex trading systems can be fully automatic or semi-automatic.

Robot scammers

Not all assistants can be trusted equally. Some are offered to the trader by unscrupulous brokers in order to extract more money from him. To protect yourself from using a program created for fraudulent purposes, you must consider the following recommendations:

It is necessary to control part of the trading work. This is especially important when interacting with new advisors. At first, it is necessary to evaluate the signals received from the program and, at the same time, analyze the situation independently. If the percentage of profitable working out is high, then you can completely entrust automatic trading to an assistant.
The robot does not always give a correct assessment of the market situation. Therefore, the calculation of the amount of risk for each transaction should be performed independently. This is one of the rules of money management. The maximum profitability of the strategy is about 85%, but due to the inability to see all theoretical risks, the program may give incorrect advice.
To ensure maximum productivity of the program, you must independently take into account macroeconomic statistics and the opening of trading sessions. The robot does not know how to include this data in the analysis, so the user must choose the time when the program will bring high profits.

Auto trading is not allowed by all brokers. Therefore, before using the bot, you need to familiarize yourself with the trading rules. If such a ban exists, then the account will be blocked due to the robot, and all funds will remain in the account without the possibility of withdrawal.

Semi-automatic Forex trading

The difference between a fully automated trading process in financial markets and a semi-automatic one lies in the method of opening transactions. In the first case, the system opens and closes orders independently, without human intervention. And semi-automatic Forex trading only involves sending signals based on the analysis. The user must confirm SELL or BUY transactions independently.

Forex trading signals can be received by the user:

From the managing trader, whose transactions are copied and transmitted as a signal to the trading terminal of the user connected to the mailing list.
From a built-in robot based on certain indicators, graphical tools or an algorithm.

The signals are united by the need to independently make decisions on opening or closing transactions. For many, this is an advantage, since the human factor is involved and the risks of algorithmic errors are reduced.

Selecting an advisor option for automated trading.

Experts are classified by trading time and trading algorithm. Time – some advisors are intended only for intraday automated trading, others can be used for longer trading transactions. I prefer the first type, since I’m used to always keeping the situation under control, and during the day I can always look into the trader’s platform to see how things are going with my deposit.

In addition, when choosing robots that transfer their positions to the next day, you should take into account such a factor as the broker's commission for transferring the position. The algorithm of work is Martingale, scalping, breakout, pending orders. The most effective, as practice shows, are experts who carry out automatic Forex trading using a scalping strategy or on a breakout of levels.

Martingales often drain my entire deposit by constantly increasing transactions. In general, the work of an expert sometimes depends less on the strategy and more on the correct setting of stop orders. The most interesting Forex robots are the gepard advisor, Turbo Profit and robot Progressor; these versions have been tested more than once by many traders and have the most positive reviews.

Where to download and how to install automatic robots?

To carry out Forex on a machine, you need to download a robot or advisor and install it in the trading terminal. You can find the described instruments for free on specialized portals (for example, on the website tradernew.pro). Please note that many automation advisors may be paid. Initially, it is worth understanding the principles of their operation on free versions.

An archive is usually downloaded, which may contain the following files:

Main robot file (presented in .ex4 format);
Indicators for its operation;
Data library;
File with settings (in .set format).

These files must be copied to the folder directory of the installed Metatrader 4 or Metatrader 5 trading terminal (in the MT - MQL4 folder). After copying, you need to launch the program, open the required chart of the asset and select the timeframe (on which you want to activate the robot). After that, go to the “Navigator” section, which is located on the left, under the block with quotes.

Next, find the installed robot in the list of advisors and activate it on the chart, after specifying the necessary parameters (or leaving the settings as they were). Auto Forex trading will begin successfully!

The trader can only ensure that the robot is active.

Purchasing a trading system

You can rent or purchase a trading strategy from a supplier or developer (https://www.mql5.com/ru/market). You will come across advertisements for many trading systems on the Internet, and if you are planning to purchase one of them, you should study it carefully.

On the Internet you can find reviews and tests of automatic trading systems. If you can't find a review, be sure to test the system on a demo account before using it with real capital.

When you purchase a trading system, make sure that the advisor matches your goals. For example, if you are trying to diversify your portfolio using an automated system as a trend-following strategy, avoid systems that trade on price reversals or rebounds.

One of the problems with back testing, and therefore buying a trading strategy that only shows historical results, is that there are techniques that can be used to make a strategy look good on paper but fail in real time. By curve fitting or over-optimizing given parameters, you can create an automated trading system that performs very well over a specific historical period.

The system designer may slightly change the criteria used to achieve outstanding performance. For example, a developer might test a trend-following strategy that optimizes a moving average crossover system over a two-year period. Once it finds a result that looks good, it checks to see if the strategy works over a longer period.

In most cases, they will not be able to find reliable results in the long run, but will not tell you this. For example, you may later find out that a moving average crossover strategy that returned 50% over the last 2 years produced a loss of 30% when tested over the last 10 years.

Traders sometimes assume that a trading plan must have a very high percentage of winning trades and virtually no drawdowns. With this in mind, an unscrupulous developer may create parameters that can be adjusted to produce amazing results, but they completely fail once the automated trading system is used in the real market.

How to avoid getting caught by scammers

Let's look at all the most important rules for making the right choice using the same Abi system as an example. Now you will understand why we recommend this system.

Reviews. The system should be popular among traders. Firstly, this suggests that somehow the creators managed to attract the attention of their target audience. Secondly, in this case, finding reviews about the system will not be difficult.

It is clear that reviews of the program should be positive. Of course, there will still be dissatisfied customers. But most reviews about automated binary options trading should be positive. Also, do not forget that there may be purchased reviews on the Internet. Therefore, you need to learn to determine where they are writing the truth, and where, with the help of bright epithets, they are trying to earn the 50 rubles they earn for a review.

In the case of Abi, indeed, most of the comments are positive.

Trading method. The vast majority of bots work either according to a primitive strategy or without it at all. At the same time, the Martingale strategy is almost constantly used, which increases the risks significantly. And for owners of small capital, Martin will be a death sentence, since in such cases he almost always loses money.

Trades entered into using an automated program must be based on technical analysis. Otherwise, you will not be watching trading, but watching a robot play against a bot.

As we mentioned earlier, Abi can also be powered by Martin. But there are also more serious settings. You can trade using Fibonacci lines or use one or more indicators at the same time. Everything is set in the settings.

Access to a demo account. Many developers do not bother to offer traders a trial period of using the system. This is usually due to the fact that the creators themselves are not completely confident in their product. If we are given access to a demo, the chance of receiving a quality program increases significantly. This happened in the case of Abi.

Price. Yes, cost is not the main factor. Agree, even if automatic binary options trading can bring profit to traders even with a minimum deposit, it costs money. The main thing is to have money left over for capital that will cover the costs.

However, you should not rush to the first expensive product. You should always look for options to save money, but not at the expense of quality. Abi will help you with this.

You should definitely pay attention to these 4 factors if you want the robot you use to bring you profit.

Decision making algorithm

Often, advisors analyze only the price and time before issuing a signal, analyzing the technical component of the exchange asset. The analysis is carried out using technical indicators. You can often find robots based on the intersection of moving averages and a pair of oscillators.

There are programs that trade only price impulses. Traders try to stick to the fundamental type of forecasting, while the robot itself carries out more complex technical analysis. Try to use fast robots that make many deals in an hour. Automatic binary options are also starting to appear on the websites of leading brokers. To do this, you need to make a minimum deposit of 10,000 rubles on the Opteck website.

Robot Abi – auto trading binary options with accuracy up to 87%

The Abi robot is one of the few bots that we can recommend for mastering auto trading. The company that developed the bot and is improving it has been operating since 2014. During this time, thousands of traders have already become convinced of the reliability of the system.

Yes, Abi can make simple trades using the Martingale method. However, there are other options that are based on serious technical analysis. However, we won’t tell the same story over and over again. In the review article on the Abi robot, you can find out the main features of working with the bot. Or you can try everything yourself right now on a demo account, which is offered free of charge on the Abi website.

Finally, we just note that Abi is offered absolutely free. The only condition is that you need to register with one of the available brokers under the affiliate program. Thus, you get access to the system for automatic trading, and the developers of this platform will receive income from you, which is paid by the broker himself.

How the Expert Advisor works

The advisor is synchronized with your trading platform. The bot connects to an individual account and begins making investments. It turns out that the automatic robot for digital options sees the situation in your account. In the recommendations for using the robot, the developer can indicate the minimum recommended deposit for comfortable trading.

If an automatic program for making money gains access to an account, then it sees personal data, account number, bank accounts and all other confidential information. Brokers usually provide some protection, but no one can give a 100% guarantee that there will be no unauthorized entry into your account.

Quite a good and effective expert advisor Algobit, which has been bringing profit to Utrader traders for several years in a row.