Automated forex trading is an algorithm-based, hands-off approach to trading. An automated trader is a computer program that analyses price patterns, decides whether to buy or sell and executes the trade. Human intervention resumes to choosing and tweaking trading algorithms based on performance. Automated forex trading is a method of trading foreign currencies with a computer program. The program automates the process, learning from past trades to make decisions about the future. more MT4BOT EA is an expert advisor used for automatic forex trading in Meta Trader 4 Platform. Many Forex Traders in the world use MT4BOT EA because MT4BOT EA always gives the best trading result. MT4BOT EA can be used in All Forex Brokers. There are Many Features in MT4BOT that make it very safe to use and more Profitable. MT4BOT EA used since 2014. They constantly run if there is power, a decent internet connection, and money in the trading account. As the forex market is a 24-hour operational market, this increased ability ultimately proves to be advantageous. Conclusion. Automated trading systems can be a blessing for many novice traders, provided they apply them correctly. MetaTrader 4 is the most popular trading platform offered by forex brokers such as Pepperstone, Plus500, and EasyMarkets.The ‘Top 5’ main features of MT4 are: Flexible and convenient trading with three execution modes, as well as two market and stop orders.; Analytic functions: interactive, customisable charts with nine timeframes and 30 technical indicators.
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