Automated trading systems — also referred to as mechanical trading systems, algorithmic trading, automated trading or system trading — allow eForex Market traders to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer. In fact, roughly 75% of shares traded on Forex come from automatic trading systems.
Traders and investors can turn precise entry, exit, and money management rules into automated trading systems that allow computers to execute and monitor the trades. One of the biggest attractions of strategy automation is that it can take some of the emotion out of trading since trades are automatically placed once certain criteria are met.
The trade entry and exit rules can be based on simple conditions such as a moving average crossover or they can be complicated strategies that require a comprehensive understanding of the programming language specific to the eForex trading platform.
Trade CFDs on a wide variety of global commodities, including gold, silver and oil, with eForex Markets as you get:
Choose an account type and submit your application
Fund your account using a wide range of funding methods
Access 50+ instruments across all asset classes on MT5