What is best-automated trading software?
4 min read
Do you know how automated or algorithmic, also algo, trading can make the profit to individual investors?
OK, let’s start. We don’t want you to waste your time.
But, honestly, we are doing this to not let you waste your money.
How does it work?
What computer program is going to do?
A computer program will follow the share price. That tracking will also, add moving average indicators. Automated trade means that software will place buy and sell orders.
Don’t you think it is a great help?
Automated trade program will help you to block emotional trading. And as you already know, it is very important. Not to trade under emotions and make errors.
We, here at WYT, think it is a great opportunity to have algo that will trade in your side. Moreover, it will make a true profit for you.
Finding such automated trading system is life dream goal for many traders. The one that places orders and guarantees profit.
And one that demands almost no or little input from the trader.
Automated trading means the trader has to set precise requirements for entries and exits. They will be automatically launched by your computer.
The main thing is that you can set requirements in the range from very simple to extremely complex strategies. That complex strategy will require complete knowledge of programming language special for the platform you would like to use for your trades.
What is an automated trading system?
It is the method of employing computers to support a set of established directions to execute a trade.
Producing a profit is in demand and expected. Moreover, with automated trading, it is guaranteed.
Can you expect from humans the same? Of course not.
The main benefit of using automated trade is that you have to do almost nothing. Your automated system will recognize the potential for profiting even before traders who are humans, of course.
Automated trading is very popular among institutional investors, but past several years it is accepted by retail investors especially for investing in the stock.
Although, automated trading platforms are the most popular for the Forex market.
But as you are reading this, you are ready to use some automated program. Your only concern is to find the best-automated trading software.
Traders Paradise has some suggestions for you.
We will try to give you a hunch about some automated trading platforms. And we think these are the best in our opinion.
Image source: ZuluTrade website
ZuluTrade is an honored brand in the field of online trading software providers. It runs an online and mobile social and copy trading platform. ZuluTrade is one of the most popular automated trading platforms that you can find today.
ZuluTrade turns the suggestions of experienced traders and automatically executes the trade in your account. You can test it by clicking the button in our navigation bar TEST YOUR SKILLS FOR FREE!
You can choose the program or traders that are best for you.
ZuluTrade automated trading platforms allow traders to copy the trades of successful traders. Also, you can copy signals or full strategies.
This autotrading platform recommended by Traders Paradise grants you the trust to involve in trading. Especially if you are a beginner with deficient knowledge or skills.
Image source: eToro website
eToro is the largest trading platform in the world. They have more than 5 million users across the globe.
It has all–in–one platform. They have all the vehicles you could need to handle your trading portfolio. Their social trading system is very manageable. It gives you to quickly set the amount that you want to automatically copy.
You can test it by clicking the button in our navigation bar TEST YOUR SKILLS FOR FREE.
eToro automated trading systems strive to open and close trades when markets conditions are the best for the trader.
Its CopyTrader system is a far more effective tool for gaining on the market in an automated mode.
It is friendly, providing a possible investor to trial the platform. Moreover, it is possible to perform in real-time, using live data. And you don’t have to invest true money.
All of these features you can check on their free demo account.
Image source: E*trade website
Power E*TRADE is an innovative platform.
Thanks to it you can improve trading and invest by uniting trading applications directly into E*TRADE.
Its automated platform is reasonably positive. They give access to streaming market data, free real-time quotes, also the market analysis. The user interface is smooth and simple to operate. For instance, using their dashboard, you can follow accounts, build watchlists and execute your trades.
More about E*Trade you can read HERE>>>
Image source: WallStreet Forex Robot website
If you want full automated trading experience, try WallStreet Forex Robot 2.0 Evolution.
You should check the robot latest performance on real money accounts.
If you follow all their instructions your success is guaranteed.
The entire system is smooth-running.
You’ll enjoy the latest version of the program.
This high-grade program has a lot to offer advanced and new traders.
The program involves a Broker Spy Module.
This module is created to protect the trader from scams and unethical brokers.
The main advantage is the program works by automatically scanning for new updates and settings.
Moreover, you don’t have to worry about restarting the robot. This is a great feature.
This new program doesn’t allow the scam broker to fool the software using methods such as delayed order executions and spreads.
The software will monitor for broker movements and investments all time and can easily recognize a scammer, 24/7.
You can easily check our words HERE>>>
The main features of automated trading software
The risk associated with automated trading is high. It can cause large losses.
Automated trading software is created to perform on real-time all market data.
It must have a connection to multiple markets.
The software should have feeds of different formats or to go with third-party data vendors and give it in the same format.
Latency must be decreased to the minimum.
In today’s vibrant trading realm, the initial price quote can be modified various times in only one second.
Automated trading offers quick and timely access and full adaptability to your needs.
But before you enter to algo trading you must understand and have the full experience of trading software. The best way to do so is to test it on a free demo account.
Don’t waste your money!