Expert Advisor Forex Trading

We live in an era when computers help us perform many tasks. Many aspects of our daily lives are related to the use of technology, and this also applies to trading. In this article, we will consider what algorithmic trading is, and also talk about expert advisors. What is algorithmic trading? It all started with the invention of computers in the 20th century, first programmed to aid in mathematical calculations. Since then, information technology has developed rapidly, computers have become more powerful, complex and fast. Then the internet arose. It did not take banks, institutions, or people much time to understand how technologies can be useful in making a lot of money. The first algorithmic systems were charting and trading software that helped facilitate price studies and order execution. In the end, they turned into full-fledged trading platforms that facilitate the work of the trader. What is algorithmic trading like? Let's first determine the automation of trade...

Traders often wonder what to choose for trading: forex or stocks. Despite their similarities, the forex market and the stock market differ in many aspects. Forex has its own characteristics that distinguish it from other markets, and according to many traders, this makes it much more attractive for trading. Let's see why forex trading has become so popular. And also what are its fundamental differences from the stock market. Some traders decide to trade forex in order to diversify their investment portfolio. In fact, diversification is one of the main rules of money management. Investments should be distributed among various assets, markets and sources of income. This allows you to get a mixed investment portfolio with limited risks and optimal returns. Some people are passionate about trading and they like to trade. For them, this is a hobby and an additional source of income. Some may consider trading as a game of chance and a source of thrill. And for someone, trading is a...

There are a variety of styles and methods of trading that are available on Forex. You can consider yourself a short-term trader or a long-term trader, or perhaps something close to you is close. However, these terms are usually relative. For example, a short-term trading strategy for one trader may mean trading on 5 minute time frames, and for another trader this may mean holding the position for several days. In this post I will try to identify various styles and methods of trading, as well as to outline their main characteristics. Manual trading and algorithmic trading  Before we delve into the various trading strategies, we must first determine the system by which the trader will execute his transactions. When it comes to Forex trading, there are two main approaches to executing trades that a trader can use. The first approach is when a trader trades manually and uses his analysis to manage trades. The second is an algorithmic approach to trading, in which a trading r...

Perhaps the most important thing to keep in mind if you are serious about trading is the perception of trading as a business. As in any other business, your success depends on market analysis, ability to make forecasts, and also on competent money management. Market analysis for making informed trading decisions includes examining each trading instrument you intend to trade, including choosing the appropriate time period for trading. To apply a consistent market analysis methodology, you must adhere to a working trading strategy. After developing a trading plan, the next steps for a trader should be testing their strategy using software. For example, the strategy tester MetaTrader. You can also try to trade on a demo account. The appropriate time period for the correct evaluation of the trading system is likely to depend on the trader, but many traders use three months to determine whether the chosen strategies will be profitable in the long term. Studying your trade statis...

Have you ever watched a chart and saw a familiar model of technical analysis, but were not completely sure how you should approach trading? Thousands of traders experience this feeling of uncertainty every day. On the other hand, there are traders who are more prepared and know what their next step should be. Many of these recent traders have spent countless hours researching and exploring pricing models through history testing. And this allows them to stick to their trading plan with a higher level of confidence. So what is testing trading strategies? This is the process of using a strategy tester based on historical price data. You can perform manual testing by printing exchange rate charts or by viewing charts online. In addition, you can program trading algorithms that will perform testing according to the specified parameters. Regardless of how you decide to test your strategies, the process itself will help you analyze emerging market situations and will undoubtedly provi...

Nowadays, Forex trading is carried out using a trading terminal. This software allows you to participate in the market and make trades. In addition, the trading terminal allows using graphical tools to conduct technical analysis. Receive the latest economic news and test trading strategies on history. There are more than ten types of trading terminals, their main differences are functionality and interface. Brokers usually provide no more than three types of terminals, among which may be their own development. Types of trading terminals and their features All terminals can be divided into two large groups. Universal terminals suitable for trading in any markets and terminals intended for trading only in certain markets, exchanges. Universal terminals can be divided into the following types: Client platforms are software installed on your computer. This is the most fully functional type of platform with all the tools for trading. Advisors, custom indicators and scrip...