Automated Forex Trading Program Positive aspects

Technique Trader is an exciting automated forex trading platform providing from FXCM. With Technique Trader you can code techniques, carry out advanced back-tests, run detailed optimization analyses and execute tradesall within the platform. In this video, we'll be comparing Technique Trader to MT4, showing you why Technique Trader is the subsequent evolution in automated forex trading.

Professional Advisor users can enhance the efficiency of their EAs when they automate their trades with Technique Trader. When you convert your MetaTrader 4 EAs to Technique Trader EAs, you will gain access to the following improvements: quicker a lot more dependable trade execution the elimination of off quote and out trade error messages substantially a lot more price data to trade on and far a lot more dependable backtesting functionality. Let's take a appear at how Technique Trader is bringing these rewards to MT4 users like you.

FXCM's Technique Trader platform was created to take full benefit of FXCM's No Dealing Desk execution model. As opposed to MT4, which communicates with FXCM through a 3rd party software program bridge, Technique Trader communicates directly with FXCM. This effective setup gives numerous trading rewards, but most importantly, it gives traders with quicker and a lot more dependable trade execution.

MT4 uses a software program bridge adds an extra step and a lot more time to the trade execution process. That means there is a lot more latency from the time you click to place a trade to the time the trade is executed. Also, by adding 3rd party software program to the execution process, errors like Out Trades and Off-Quotes can and do occur. These kinds of errors degrade your execution and this is precisely why FXCM made Technique Trader. With Technique Trader, your orders are received and executed quicker and Off-Quotes, Out Trade and Auto Account Syncs are a thing of the past.

Another cause why Technique Trader outshines MT4 is for the reason that you can trade off of tick data. The MT4 platform only updates price data second-by-second.Still, rather frequently several rates are received every single second. By only updating rates when a second, the MT4 platform can trigger you to miss important trading opportunities.The Technique Trader platform updates rates tick-by-tick, supplying you with numerous a lot more trading opportunities than MT4. So if there are ten ticks in one second you have the opportunity to trade off every single of those ten rates. This is specifically important to traders who use scalping or high frequency trading EAs.

The MT4 platform includes some standard back-testing capabilities but it definitely does not meet the standards set by FXCM's Technique Trader platform. The two most prominent advantages that Technique Trader has more than MT4 in this area are the number of offered bars for back-testing and the robustness of the data. Technique Trader currently presents more than 500,000 bars of 1-minute data, which is nearly a full year of 1 minute data. This compares to MT4's meager 16,000 bar total, or roughly 11 days of 1 minute data. Also, Technique Trader enables you to back-test with each bid and ask pricing. This enables you to element in the spread, which is vitally crucial for numerous trading techniques. Not factoring in the spread and only taking into consideration the past 11 days of trading data can give you with a rather unrealistic picture of past efficiency, which can make back-testing nearly useless.

MT4 has lengthy been the platform of chose for numerous automated traders. But with FXCM's Technique Trader platform, professional advisor users can now access quicker, a lot more dependable trade execution a lot more price data to execute off of, and access to a lot more robust price history make back-testing and optimization worthwhile.

FXCM would like to extend an offer to all MetaTrader 4 EA users. If you have an professional advisor that you would like to use on Technique Trader, please fill out the following form discovered at the bottom of the Technique Trader EAs tab of this page. We'll reach out to your EA provider to aid them convert your EA to Technique Trader, allowing you to keep applying the EAs you have when gaining access to the fantastic rewards that Technique Trader can give.

Sign up for a Technique Trader demo account these days to see why Technique Trader is actually the subsequent evolution in automated forex trading systems.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Any opinions, news, investigation, analyses, rates, or other data contained on this web page is provided as general market place commentary, and does not constitute investment suggestions. FXCM will not accept liability for any loss or damage, including without having limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such data.