Putting Your Forex Trading on Autopilot
In This Chapter
• Meeting the “pilots”
• Automated trading strategies
• Getting started with automated trading
• Autotrading platforms
Forex is a 24-hour-a-day marketplace, but humans do need to sleep. Some traders solve that problem with new software developed to automatically execute trades for the trader. This automated trading software is known by several names such as trading robots, algo trading, and expert advisors, which are exclusive to the popular MetaTrader system. This software is almost always created by experienced traders who write strategies that will automatically execute forex trades for you.
Do these programs actually work? Sometimes. The forex market can change dramatically, ...