I am curious about this and can't find all answers in ST's FAQ's or trading guide - but maybe you have looked at these questions aleady? -
ST will open a new position for you based on a trader's signal: but you still won't know why he/she opened it or what is the plan to manage the trade?
you can close positions manually but can ST close them automatically for you?
if you don't know the trader's strategy and trade plan, how do you know where to place stops or when to close?
ST will open a new position for you based on a trader's signal: but you still won't know why he/she opened it or what is the plan to manage the trade?
you can close positions manually but can ST close them automatically for you?
if you don't know the trader's strategy and trade plan, how do you know where to place stops or when to close?
auto Trading
If you go to Signal Trader, you choose the System you want to follow, and based on the system trades you are basically doing everything that it is doing. I don;t know which formula they are using exactly, but they give you the statics on the website. Have you Auto traded before
If you go to Signal Trader, you choose the System you want to follow, and based on the system trades you are basically doing everything that it is doing. I don;t know which formula they are using exactly, but they give you the statics on the website. Have you Auto traded before
Never even thought about doing it, but ST looks less like automated trading than it does automated entering. There's more to this job than picking a good entry.
But are they picking good entries? Without knowing how they're doing what they're doing, how do you know they're not just making 10 random entries and then selecting the one that moves first to log and pass on? OK their equity curve might look positive, but what about the other 9 trades they scratched? (all hypothetical of course, I've never heard anything negative about this company)
Pat494
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I read the blurb on one of them which said it was part manual at the trader's discretion.
Dean M. Bell
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I too was wondering for the same but was not sure about it. It's good to see a good discussion on this topic here; now, I am quite assure to go forward with it. Thanks for the information you guys share here.
mcrlogitech
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Automated trading has several benefits over the conventional trading and the best is that the emotions can be avoided while trading.
If you get an EA that works then awesome but if not then it could all go horrible long. If you buy an EA you are essentially handing your money over to an unknow system that you have not tested. Many EAs work great in trending markets but go horribly wrong in flat markets
Pat494
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MT4 has a testing module.
I doubt there is any automated software that can work on retail forex platforms. Connection will be always a problem. I trade manually with HF after testing different EA's I gave up this idea
