What is an automated trading system and how should we get started?

What is an automated trading system and how should we get started?

What is an automated trading system?

It is an automatic trading program as a method of investing in the stock market. By setting the investment time in advance, many trades can be executed in a short period.

How does automatic training work?

Auto-training requires a pre-determined forecast of the situation based on CFD. First, the trading platform must be selected and the amount and time set according to the planned strategy. From trading experience, the algorithm will trade in your name.

In addition to experience, there are other conditions such as the time, the price at which to trade, and the volume, etc. The automatic trading program will continuously monitor prices on the stock exchange. If the conditions are met in advance.

Please remember that each trade is leveraged. Because trading using CFDs is automated. This means that you can deposit a small amount of money. to increase profits or may be at a loss Investing is always risky.

Which platforms can you use to trade?

-ProRealTime

Automated trading tools that allow you to set trading conditions from simple to advanced. without needing to write code You have access to an advanced backtesting suite that is easy to use to test your system.

-MetaTrader4

You can customize your trades. By your trading algorithms, various conditions, and orders, as well as import Expert Advisors (EAs) to help you find opportunities based on pre-defined indicators.

-API

Build advanced trading platforms and solutions from the ground up. This platform allows you to code algorithms from start to finish. Orders are filled using leading-edge technology. This ensures that you can view real-time and historical market prices, and analyze market tools and trader sentiment data. Maintain your watchlist and more.

How to start auto trading?

1. Open an account

ProRealTime, MetaTrader4, and API can be accessed with a CFD account.

-Answer questions about trading

-Receive identity verification

-Fill up your account and start trading.

2. Choose a trading platform

You must decide whether to use ProRealTime, MetaTrader4 (MT4) or the API.

-If you choose ProRealTime, you will open an account. Then open the platform

-If you choose MT4, you need to create a demo account according to MetaTrader4 (MT4) instructions.

-If you choose an API, you will do so through ProRealTime or create an API platform.

3. Determine a trading strategy

Once you open a live account and decide on a platform. It's time to adopt a trading strategy.

-Find the right trading style and time.

There are many ways to trade depending on the time frame and you need to specify the position where you want to open the trade. This includes day trading. Swing trading, scalping, and position trading You need to decide on the best trading position for you.

-Study the market

To set indicators for automatic trading You need to have an understanding of the market, study, read charts, and price movements. To study your trading history, select past trades to see trends.

-Learn everything for analysis

Market analysis is the key to predicting what, how, and when to trade based on technical and fundamental analysis. To understand where the market is going

-Follow the news

Various economic events affect the price and the situation of the stock market, such as political news, and election news. News summarizing income each quarter Government policy news, etc. because this type of news will greatly affect the ups and downs of the market.

However, to start investing in each trade, you must be confident in your investment. Because investing is very risky, it is necessary to study the possibility. and trends to ensure that each trade you make is profitable.