There are several people who call daily to ask if they could use automated trading in trading system. I want you to personally that before you use automated trading system you must be familiar with the platform. There are many trading platform stations. It is not in all you can use automated trading. basically we have
MetaTrader4-based Solutions
Global Trading System
Omega Research-based Solutions
ProTrader-based Solutions
All these have different ways of working . Working with each of the platform is different from another. But if you want to use automated trading system, these are my suggestions.
1. Test the program in a script tester (if such facility is available in your IDE) several times, varying the chart period, the instrument being traded, and the program settings. Try to model the conditions close to the actual state of the market.
2. Test the script in a demo account (if such an opportunity is available). At this stage, it is important to let the program run for a sufficiently long time (it is defined by the period of the chart). Do not stop the test if the program has at once produced a big gain or a big loss. The usefulness of the script can only be estimated after it has worked for a significant amount of time.
3. Run the script in the live account. At this stage, it is not advisable to interfere with the script-for example, close the positions it has opened or modify their settings-or you can upset the internal logic of the program.
2. Test the script in a demo account (if such an opportunity is available). At this stage, it is important to let the program run for a sufficiently long time (it is defined by the period of the chart). Do not stop the test if the program has at once produced a big gain or a big loss. The usefulness of the script can only be estimated after it has worked for a significant amount of time.
3. Run the script in the live account. At this stage, it is not advisable to interfere with the script-for example, close the positions it has opened or modify their settings-or you can upset the internal logic of the program.
Abiodun Babalola
08050200894
No comments:
Post a Comment