Backtesting your Forex robot on MT4 is an excellent way to see what potential is held by your strategy before you apply it in real-time. These days, several traders use Expert Advisors (EAs) or Forex robots to conduct their trades automatically. But, it is also important to check how the robot performed until that point in time because you don't want to leave your Forex trading … [Read more...] about Backtesting a Forex Robot on MT4: How Does it Work?
Wondering what Mirror trading is? It’s an innovative trading strategy that can help you with trading or even setting up your trading strategy. Especially beneficial for newbies, mirror trading allows you to mimic the trading decisions of seasoned traders. Read further to understand how you can incorporate mirror trading to optimize profits while investing. What is … [Read more...] about Mirror Trading. Someone’s experience value in Forex
No market exists that exceeds the foreign exchange (forex) market in terms of market activity and liquidity. In its annual reports on forex, the Bank of International Settlements (BIS) has always noted values above about $5 trillion as average daily transactions. The reason for this significant amount of activity in forex is that many investors have learned how to automate … [Read more...] about Guide To Using Support and Resistance Levels in Algorithmic Trading
Forex expert advisor is a type of trading software that can generate automated trading decisions for traders. Thus, the trader can gain more profits and the trading continues without the trader being present all the time. Traders can run these robots on MetaTrader platforms like MetaTrader 4 and 5. They offer several features to traders, such as providing signals for placing a … [Read more...] about Ways to Identify and Avoid Forex EA Scams
There is an increasing trend where traders are relying more on automated trading than manual activities. Given the convenience that automation comes with, there is no doubt that the trend will deepen further. However, the automation of trading activities is not easy to achieve without enough knowledge about technical indicators. Technical indicators form the backbone of any … [Read more...] about Best Technical Indicators to Use in Automated Forex Trading