I just read up that there are a few ways to go about with automated trading. One is to sign up with some type of service like zulutrade and they have some type of partnership with a few forex brokers in which you can open a zulu trade account and follow signal providers and zulu trade a/c will automatically place trades for you with your broker.
Now i’m using oanda and they zulu trade does not have a partnership with oanda so i suppose i could use a pc program that could automatically place trades for me during a ranging or sideways market.
I would assume that there are such programs already created that could place automatic trades for you so you don’t need to create new accounts on sites like zulu trade.
Automated trading system means trading with EA or Robots.I like to trade manually. My experience of trading with EA is very bad. Actually the performance of EA depends on the skill of its creator. So I like to depend on my trading skill and so trade manually.
The good thing about zulutrade is that it offers thousands of different trading strategies/ea’s/manual traders to copy. I havent really found a better place yet for that kind of forex automation.
Additionally, keep in mind that yes traders and systems do look good on stats, but on reality users might not generalize enough profit. I tried many platoforms and got totally disapointed untill I opened an account with zulutrade. there is a reason why the platform is sooo popular on both sides - traders and followers.
i am with aaafx. this is the most popular one among them.
but check out the rest, according to your trading criterias, but keep in mind there is commissions there (reaches up to 3 pips per trade)