Automated Trading Program - How to Create a Algorithm for Automated Trading

Automated software program is a software Algorithm for Automated Trading. Traders can learn How to Create a Algorithm for Automated Trading by learning about the MQL4 programming language that is used to code these automated software robots. To learn How to Write Code for Algorithmic Strategies - traders can begin by first visiting the MQL4 Forum for Automated Robots where they can find tutorials on How to Write Code for Algorithmic Strategies. Algorithmic forex trading is used by traders to automate and trade their strategies & use these automated software programs to trade and execute trades on their accounts automatically using a trading software program that's installed on the platform - what is commonly referred to as a Expert Advisor Bot or Automated System or Automated Robot or Automated System EAs.

The Automated System EAs are programmed to profit from the market by trading currency price fluctuations, that's why they're sometimes referred to as Bots, that can trade the market automatically.

Automated Trading Program - How to Create a Algorithm for Automated Trading

Automated Trading Program - How to Write Code for Algorithmic Strategies

Let us say you want to begin automated trading or you already have started automated but you're looking to improve your Automated Bot, then what are the strategies which you can implement as a trader so as to improve your Automated Bot.

Methods to Improve Automated Programs - Automated System Expert-Advisors

1.Learn MQ4 Coding language or what's basically C plus plus programming language.

A good place to begin with is the MQL4 forex community where you can learn How to Write Code for Algorithmic Strategies and How to Create a Algorithm for Automated Trading. As a new trader wanting to learn about automated trading you can get several MQL4 tutorials on How to Create Expert Advisor MT4 and How to Create a Bot on MetaTrader 4 or ask traders using these automated systems where you can get these tutorials to learn this MQL4 programming language. You can also find various MQL4 Expert Advisor Template Examples and Algorithmic Code Examples Guides that will help to train you on How to Create Bots on MetaTrader 4

The reason you as a trader want to learn how to program these EA Robots is so that you can know how to program a Expert Advisor Robot according to the correct algorithmic rules which you set for your Expert-Advisor system. You'll be in a better position to know how to translate a manual system in to an automated program.

To give you a tip and a lesson in programming you will first need to specify pseudo code - Write Code for Algorithmic Strategies - or the logic of your system before translating it into an automated system Expert Advisor Bot.

Once you learn a little bit of MQL5 programming language this will help you quite a bit, it may not make sense now but once you start to write algorithm code for these Automated Bots and Trading Systems it will definitely make a lot of sense, after all without specifying the pseudo code - algorithm code - like the above example you will not make any head way in Creating an Expert Advisor MT4 Robot - The above algorithm code will be the MQL4 Expert Advisor Template that you will use to Create a Bot on MetaTrader 4 MQL4 Programming Environment.

2. Learn What Metrics the Automated System Requires - MQL4 EA Template

Automated trading programs used to trade the market without involving any form of human intervention are just a set of algorithms that specify trading rules that mimic forex strategies, these algorithms are the trade strategies themselves & these algorithms can also be referred to as Algorithmic Forex Strategies or Automated Strategies or Automated Systems.

Traders using automated method will take a strategy, program that method to come up with an automated trading system - automated robot, some traders using the popular Meta Trader 4 platform, will commonly refer these programs as Expert Advisor Bots or Expert Advisors, that are implemented using the popular MQL4 coding language, found within the MetaTrader 4 software coding environment.

Meta Trader 4 software

A good example of Automated Softwares is the MT4 software where traders can install bots that have so much parameters to optimize, such that as a novice trader if you don’t optimize for any one of these parameter then your EA system might not be a profitable as it should.

Therefore make sure to know which parameters to optimize for when it comes to Automated Systems and how to optimize for these parameters.

Meta Trader 4 Strategy Tester - Do Automated Systems Work? Test trading automated strategies using MT4 strategy tester.

3. Host your automated strategies on VPS server

Another thing that's coming about in when it comes to these automated systems is the VPS hosting or virtual private server hosting for Expert Advisor Bots, so that they can trade from the VPs servers round the clock as opposed to these Automated Expert-Advisors trading from your Personal Computer.

VPS Expert Advisor Hosting - Virtual Private Server

The thing about Automated Expert Advisor Robots is that they need extensive testing so as to deal with the dynamic nature of the currency market - Do Automated Systems Work?

As an automated trader you may need to host your Automated Expert Advisors on a VPS server that can run your robots 24 hours nonstop, all you have to do is to hire a VPS server for about $20 - $50, then install a MetaTrader 4 software from your broker on this VPS server & then install you automated Expert Advisor Bot on the MT4 software and login to your account & activate the Expert Advisors to continuously run on the VPS server.

Hosting Automated Systems on a VPS Server ensures that internet disruptions do not interfere with your Automated Robots that need to be in the market all times. Secondly, you can't run your Automated Expert-Advisors on your Personal Computer 24 hours a day.

4. Get a reliable broker

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

Ss do yourself a favor get a genuine broker that will not manipulate your Automated Expert-Advisors.