Expert Advisor Software

Best Automated Software for traders looking at new techniques of xauusd where they can automate trading using a EA Software and trade their accounts mechanically using a EA software or what is oftenly referred to as a Automated EA(Expert Advisor) Expert Advisor(EA) bot.

The best automated EA(Expert Advisor) softwares are coded to make profit from the market by market fluctuations, that's why they're sometimes known as robots, that can trade the markets mechanically.

Expert Advisor(EA) Software

Let’s say you want to begin automated trading or already have started and begun but you are looking to improve your automated EA(Expert Advisor) system, then what are the methods that you as a gold trader can implement so as to improve your EA.

Methods and Strategies to Improve Automated System.

1.Learn MQ4 EA Programming language or what is basically C-plus-plus coding language.

A good place to start with is the MQL4 EA community where you as a gold trader can get several MQL4 tutorials or ask traders using these Expert Advisor(EA) softwares where you as a Gold trader can get these tutorials to learn this programming language.

Reason you want to learn how to program these Expert Advisor software robots is so that as you as a Gold trader can know how to program a EA according to rules which you set for your automated system. You'll be in a better position to understand & know how to translate a manual system into an automated EA(Expert Advisor) software.

To give you a tip & a lesson in programming you'll need first to state pseudo code or logic of your system before translating it into an automated system.

Once you learn a little bit of programming this will help you as a trader quite a bit, it might not make sense now but once you begin to code these Expert Advisor software systems it will definitely make a lot of sense, after all without specifying the pseudo code like the above example you'll not make any head way in programming an automated EA, because you'll have not specified what you as a trader want the automated system to do or where you intend to begin from.

2. Learn what parameters the automated system requires

Automated platforms used to trade the online market without involving any human intervention are just a set of algorithms which mimic trade strategies, in fact these algorithms are the trading systems themselves.

Traders using automated Expert Advisors(EAs) will take a strategy, program that system so as to create an Automated EA(Expert Advisor) Expert Advisor(EA) xauusd system, some traders using the popular MT4 EA platform softwares, will commonly refer these programs as EA or Expert Advisors, that are implemented using the popular MQL4 programming language, found within the MT4 software.

MetaTrader 4 platform

A good example is the MetaTrader 4 robots that have so much parameters to optimize, such that as a novice if you don't optimize for any one of them then your Expert Advisor(EA) system may not be a profitable as it should.

Hence make sure to know which parameters to optimize for and how to optimize for these parameter settings.

MetaTrader 4 EA Strategies Tester

3. Host your EA automated trading strategies on VPS server

Another thing that is coming about in when it comes to these system is the VPS for xauusd Automated Expert Advisor(EA) hosting or virtual private server hosting for Automated Expert Advisor(EA) Robots, so that as they can trade from the server round the clock as opposed to these Automated Expert Advisors(EAs) trading from your Personal Computer.

VPS for EA hosting - Virtual Private Server

The thing about automated trading is that they need extensive and thorough testing so as to deal with dynamic nature of the market.

For Automated EAs you need to host it on a VPS server that can run your EA bots 24 hrs non-stop, all you have to do is to hire a VPS server for about $20 - $50, then install a MT4 from your broker on this VPS server and then setup your automated strategy in MetaTrader 4 & sign in to your account & activate the EAs to run continuously on the VPS hosting server.

Hosting on a VPS Server ensure that internet interruptions don't interfere with your robots which needs to be in the market full time. Secondly, you can't run your Automated Expert Advisors(EAs) on your Personal Computer 24 hrs a day.

4. Get a reliable broker

This may not seem as a factor when it comes to improving the trading results of your automated trading system, but factor this: A broker notices you're executing trades which are profitable and your trades are executed by scripts which are used by EAs, so the online broker isn't a very good broker and maybe is a market maker broker that profits when you make losses, so the online broker also has been in this game longer than you and knows that when you bring to them with a profitable automated trading systems they also have their own virtual dealer-plugin which beats your automated system hands down. So the broker implements Virtual-Dealer Plugin then now when your automated trading system puts a position it gets a requote such that this confuses your EA bots, then virtual-dealer plugin sometimes off quotes your automatic xauusd system, or it logs off your software for an hour such that your trading software logs in back again then the signals it generates aren't predictable.

So do yourself a favor get a reliable broker that will not manipulate your Automated EAs when you'll be trading with these Automated Platforms.

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