The key point in trade optimization, which I wrote about earlier in my materials, is the transformation of manual trading strategy into a full-fledged robot. The algorithmic approach will allow you to simplify the process of tracking the trading signals and will increase the timeframe for fix api trading, which together will result in a higher trading result. The trading robot is the main type for trading strategy automation http://forexzzz.com/product/forex-zzz-lock-arbitrage/ , but there are additional types of trading tools that can be further improved by making them automated. These are robots, scripts, and automatic indicators.
I suggest starting with the simplest one, i.e. indicators. The main difference here is that automatic indicators do not simply reflect the current situation on the market, but also point at the entry and exit points from the positions. Thus, these indicators report to you in the form of a text message or a special alert about the presence of a trading signal. In this case, you do not need to separately view all the charts in search for profitable trading speculations. It is enough to just wait for an alert from the indicator and only then to open the schedule. After this, through your professional opinion, you can decide whether to buy or sell a financial asset. If you develop author technical indicators, make sure that they can be combined with other elements of your trading strategy.
How the indicator can be automated?
It is enough to take a standard indicator and simply add an alert condition to it – alert (https://www.metatrader4.com/en/trading-platform/help/overview/terminal/terminal_alerts ). This can be done by programmers who have a knowledge of the MQL language. But there are so many examples on the Internet, and the development environment itself in fix api MT4 also has so many examples that it will not be difficult for you to realize the idea yourself.
The next group that can be automated is scripts. I would even say this: the scripts without automation are simply unreal. Therefore, if your strategy provides for closing positions on the fact of candle closing, it is enough to write a script that automates this process and will not require constant monitoring of the quotes schedule. An automatic risk control is also a popular type of scripts, which is implemented in the form of a hint how much risk is still available in the context of the day or month. If you reach these parameters, then the script closes all your operations and limits the fix api trading for a certain time period. Also, there are scripts that notify you of the fact of a breakdown or rebound level, or of reaching the Fibonacci level, the operation of stop loss or take profit, and so on. It all depends on your trading strategy for the fix api forex market.
How the trading script can be automated?
It is very difficult to implement scripts independently, because these elements of automatic analysis are not built into the trading terminals. Due to their uniqueness, there are also a limited number of examples on the Internet. Therefore, if you do not have enough knowledge in programming, it’s best to turn to professionals.
And of course, trading automation in the financial market can be achieved by algorithmizing the entire process, i.e. by creating a trading robot, as I wrote at the beginning of the article. You lay down all the necessary risk parameters, money management, blocks of opening and closing the transaction, as well as supporting open positions. Again, this process depends entirely on your trading strategy.
How to create a trading robot?
At first glance, this is a complex process, but this is not always the case. Today, many special sites have been created that allow using a designer to create full-fledged software for automation of any trading strategy. With the help of these resources, you can also create in the same way block code that will display all the conditions and parameters of the trading strategy for the fix api forex. And certainly, the option to entrust the solution of this issue to the developers and programmers is also topical here.