trading software that uses trend to buy and sell

lagallo

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Does anyone know of software you that can place and close trades for you based on a specific criteria?? aka automatic trading software?
 
Many charting programs allow user coding of trading systems to be loaded into the program:
AmiBroker, MetaStock, Sierra Chart, TradeStation for example.

Since you've posted in the Forex forum, while the above need to be purchased, MetaTrader 4 is free together with the realtime data feed + history. I recommend Alpari for a renewable demo:
http://www.alpari-idc.com/
there are now dozens of brokers providing MT including MT fx brokers in the States:


Suggest you join: http://finance.groups.yahoo.com/group/MetaTrader_Experts_and_Indicators/
and set your Preferences to receive individual emails since members often attach charts, Experts — trading systems and Indicators; NB there can be upwards of 100 emails per day, I use the free MailWasher which helps in processing them: http://www.mailwasher.net/

Suggest you go back several thousand messages — ie in the ' Message # .....' enter 40000 and read forward to gain an understanding of what's involved in using such systems and indicators.

Usually individual programs use their program specific coding language which isn't directly convertible to another program. You don't Have to understand coding, obviously it helps.
MT Experts/Indicators may perform differently or not at all from broker to broker requiring adjustment due to the differences in that broker's feed.
While much info is shared about various systems, suggest you keep a record of each MT4 (and others) Expert/Indicator you try since there are now hundreds of them stored at Lighpatch.
There are several other MT4 forums including posts here at T2W, as well as forums for the programs listed above that'll have code posted, following site shows code for MetaStock:
http://trader.online.pl/MSZ/!-MSZ-index-en.html in which you'll see various Indicators/Experts applied to charts.
 
lagallo said:
Does anyone know of software you that can place and close trades for you based on a specific criteria?? aka automatic trading software?
I assume you are after Forex software and you want something with more complexity than just limit orders, stop-losses etc with regards to your "Specific criteria".

Many of the forex brokers have their own trading platforms, most of which can be downloaded as demo versions. Some of these incorporate automated trading within the core platform. Others provide an Application Programming Interface, which allows trading orders to be created in another external package, such as a charting package, and fed into the trading platform via this API.

Examples include:

Oanda: http://fxtrade.oanda.com/fxtrade/api/index.shtml This is the link to their API

CMS Forex: http://www.cms-forex.com/en/platform/manual/ This is a link to their manual, which shows how to use their Indicator Builder and Trading Systems Builder or
http://www.cms-forex.com/en/platform/VTapi/ which is a link for their API

If you search for forex brokers on this site or Google you will find several offering similar facilities.

Charlton
 
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