I have done that for a couple of years and done my ‘chart-time’, now its time to let the computer take care of it for me.
The best charting and trading platform is MT4, this allows you to also create custom indicators and expert advisors allowing you to auto-trade your account.
Some people have created truly excellent Expert Advisors, and its like having your own forex trading guru sat at your computer 24/6, never getting tired, grumpy, hungry or anything else for that matter.
Provide a stable internet connection and power, and the EA will handle everything else for you. The problem is selecting the correct one, as there are so many out there.
Some criteria you should apply, when judging an EA are;
⦁ You can test it in demo
⦁ Their FORWARD tested history as well as their backtested history
⦁ What modelling quality their backtests are run on (90% is the best available)
⦁ Whether they offer a money back guarantee should the EA fail to perform for you
Markets change, and so do the performances of EA’s. The goal is really to find one that can perform consistently over different market conditions. The best we have seen yet in the market is the WallStreet 3.0 EA.
You might be looking for a charting platform, or a trading platform. You could also be looking for an automated trading program, or a signal service. You are most probably looking for some form of assistance to help with your trading.
Trading is a high risk activity, protect your capital through the use of stop loss, making intelligent use of leverage and not investing more than you are willing to lose. The author of the post declines any responsibility for any losses incurred as a result of decisions made after reading this article.
The information contained below is for informational purposes only. CFDs are complex instruments, therefore adequate knowledge is required before making any investment. Thank you for your kind attention!
This is really the holy grail for a lot of traders who do not have the time or the inclination to sit in front of a computer 16 hours a day.