Automated System Strategy - Strategies EAs

Automated software is a popular topic with traders looking at new techniques of trading where they can automate & trade their accounts automatically using a program or what is commonly referred to as Strategies EAs.

The automated strategies are coded to profit from the currency market by market fluctuations, that is why they are sometimes referred to as forex bots, that can trade the market automatically.

Automated System - Strategies EAs

Automated System Strategies - Strategies EAs

Let s say that you want to start automated trading or already have started but you are looking to improve your automated strategy, then what are the methods that you can implement so as to improve your Strategies EAs.

Methods to improve Automated Strategies EAs

1.Learn MQL4 Coding language or what's basically C++ coding language.

A good place to begin with is the MQL4 community where you can get several learn MQL4 tutorials or ask traders using these Trade Strategies Expert Advisors where you can get these MQL4 tutorials to learn this Expert Advisor coding language.

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

To give you a tip and a lesson in EA programming you will first need to specify pseudo code or the logic of your strategy before coding it to an Automated Strategies EA.

Once you learn a little bit of programming this will help you quite a bit, it may not make sense now but once you start to code these Automated EA automated strategies 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 strategy, because you'll not have specified what you want the strategy to do or where you intend to begin from.

2. Learn what metrics the automated strategy requires

Automated Strategies Expert Advisors used to trade the currency market without involving any human intervention are just a set of algorithms that mimic strategies, in fact these algorithms are the trading systems themselves.

Traders using automated EA robots will take a strategy, program that method to come up with an automated system, some traders using the popular MetaTrader 4 software, will commonly refer these Strategies Expert Advisors as Expert Advisor or Expert Advisors, which are implemented using the popular MQL4 coding language, found within MetaTrader 4 platform.

MT4 Software Automated Trade Strategies EAs

A good example is the MetaTrader 4 robots which 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 system may not be as profitable as it should.

Therefore make sure to know which parameters to optimize for & how to optimize for these parameters.

MT4 Strategy Tester - Automated Strategy

3. Host your automated system on a VPS server

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

VPS Hosting - Virtual Private Server for hosting Automated Trade Strategies EAs

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

For Automated Strategy Automated EAs you need to host it on a VPS server that can run your Expert Advisor robots 24 hours non stop, all you have to do is to hire a VPS for about $20 - $50, then install a MetaTrader 4 platform from your broker on this VPS server & then install you automated Strategies Expert Advisors on the MT4 platform installed on the VPS and login to your account and activate the Expert Advisors to continuously run on the VPS server.

Hosting on a VPS ensures that inter net disruptions do not interfere with your EA robots which needs to be in the market all time. Secondly, you can not run your Expert Advisors on your Personal Computer 24 hours a day.

4. Get a reliable broker

This might not seem as a point when it comes to improving your Automated System, but factor this: A broker notices you are executing trades which are profitable & your trades are executed by scripts that are used by EAs, so the online broker isn't a very good broker & 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 bots, then virtual dealer plugin sometimes off-quotes your automatic system, or it logs off your software for an hour such that when your system logins back again then the signals it generates are not predictable.

So do yourself a favor get a reliable broker that will not manipulate your Automated System EAs.