The Forex trading system directly executes transactions on your behalf using the exact parameters you have defined. Learn how to create automated Forex trading platforms , including MetaTrader4 (MT4) and ProRealTime.
Define the Forex Trading System
This is essentially a set of rules used to execute transactions on one or more currency pairs. Although this system can be followed manually, many traders use automated trading systems - based on computer code - to emit emotions from the equation and manage transactions more efficiently.
This automated trading system (FIX) is actually a "trading robot" that can monitor the market at any time, search for opportunities and perform transactions according to the specified script.
Make or buy
You can create an automated forex trading system for many platforms offered by IG, including MetaTrader 4 (MT4), ProRealTime and our regular online trading platform via the API. With MT4 and ProRealTime, you can also purchase and install systems previously created by third parties.
Build a special system
The main benefit of creating a custom system is that the practical options are limitless. The only obstacle is your imagination and what can be encoded. However, building a bespoke system will require a thorough understanding of the financial, commercial and technical analysis markets.
You must also transform your system into code, although it is possible to hire a developer after designing the system on paper.
If you decide to create your own automated forex trading system, here's how to proceed:
Make a business plan
To maximize your time in the marketplace, it's a good idea to create a detailed .....
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