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Tuesday, February 3. 2009

Automated Forex Trading System

What is an Automated Forex System?

An automated forex system - Expert Advisor (EA) is a mechanical trading system designed to automate forex trading.

Metatrader 4 platform "Expert Advisor" can trade your account automatically, i.e. sending "buy" and "sell" orders directly to your broker’s server, while automatically adjusting stop loss, trailing stops and take profit levels.

What is Metatrader 4? Metatrader 4 is the most popular, free and easy-to-use trading software developed by Metaquotes Software Corp. and supported by many different Forex brokers all over the world (more than 100!).

EUR/USD RUNNER v1.0r08

Description: The EUR/USD Runner v1.0 trading system is designed to capture breakouts and trends on a daily basis. The system uses dynamic Fibonacci levels to decide where to place stop-loss and take-profit levels, and take into account, market volatility (price action) and trading hours.

Posted by

Ryan Lee

in Forex Systems at 08:57 | Comments (0) | Trackback (1)

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