The concept of automated Forex trading system is mind-catching. Before the automation in Forex, exchange-traded futures market was the first to switch on automation. Then, the traders on the Interbank spot FX market decided to follow the latest trend and also moved to the new system. Automated Forex trading system allows traders to execute their trade on spot Forex market automatically and anytime of the day, based on existing technical indicators and custom trading rules. There are several characteristics included in the automated trading system, such as: • Automatic trailing stops especially when the trader is losing in a specific trade position; • Account equity management; • Stop and/or limit orders; • Discretionary market orders; and • Several technical analysis indicators within your discretion for enabling trend-following systems. Automated Forex trading systems supports most of the following indicators (the technical support will depend on the technology, and also on the [...]

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