Automated Stock Trading System ..?
Dear All
What is the best platform and discount broker to utilize Automated Stock / forex Trading System ..?
Answers (4)
Hi Mostafa,
My answer will probably be biased on what I alreay do. I have my Expert advisors in MetaTrader4 platform which a lot of retail brokers use. I personally have found IBFX and Alpari as solid ones, not stealing pips on tight stoplosses as much as others do.
Another platform and broker that was recommende to me but I haven't tried it yet is MB Tading. They cooperate well with application developers, so I hear.
Hope this helps. You can find some more info on my blog below.
Links:
Mohammed I suggests this expert on this topic:
I ran accross this question, I am referring the answer to you.
With any automated trading system comes the need for solid uptime, great tech support and state of the art security. Do not under estimate this - it will cost you a bundle!
In the interest of full disclosure, I am talking about our own service the Trader's Desktop. However, with subscribers in 76 countries, we must be doing something right! I encourage you to check it out with ANY automated trading system. I can't tell you how many times we get nice emails from subscribers who were thankful they are using the service because of some power failure, system crash, etc., of their own PC during the middle of the night.
There is also the issue of latency. From my high-speed cable modem in San Diego, I can get to IBFX and back in ~45ms. From the Trader's Desktop is 19-20ms. This means I can receive a price quote and have an order at the broker in less time then most people receive the quote to begin with. It's a HUGE advantage. Wikipedia says each 1ms is worth $100M/year to the trader.
I recommend Meta Trader, a few good expert advisors (software that makes the trades for you) and a Trader's Desktop.
Links:
There are many websites and businesses that offer Forex training to investors. In the excitement of getting started, newbie Forex traders sometimes ignore the importance of Forex training and rush desperately into the Forex market. Without the proper education and training, these Forex traders will always lower their chances of succeeding.
You can check out some forex training websites which has expert comments and suggestions and hence such websites are always sought for. Check below ..
http://www.forexfreedownload.com
http://www.forextradingsysytemfree.info
Regards
