What Is an Automated Forex Trading?
Automated forex trading software is a system for trading foreign market (currencies) with a computer based program. This program is based on a set of analyses that helps to determine whether to buy or sell a currency pair at that time frame in the market. Some automated trading software System can open and close trading positions without human intervention. It uses a computer program that was programmed to take decision and actions based on based on a set of technical rules to enter and exit the trades. The signal generates an actual buy or sell order that is executed.
Forex traders and investors get exact-entry, exit-points, and risk + money management rules into automated Forex trading systems that enable computers to perform and monitor trades according to those set of rules.