Automated Trading Systems are programs or scripts that worked off of a set of instructions which advise opening or closing trading positions based on the results of technical analysis. A trading system allows to exclude randomness in the trading process. Strict adherence to the system permits to rule out the emotional factor in the trade. For this reason, one must follow all recommendations of the system strictly even if for all that a potentially profitable position will not be opened.

The Apex of an automatic trading system is to determine the exit point. Any system must provide not only the signal to open a position, but estimated levels of profit, as well. Order Take Profit should be placed next to this level. It is also necessary to identify the level of stop loss for the case when the market starts to move in an opposite direction. Place the Stop Loss order at this level. In other words, the TS must define exactly, up till which level the position should be held open in order to receive maximal profit, and define mechanisms for loss stopping in case of an unfavorable development of the market.

Automated Trading Systems or Black Box applications are programs or scripts that work off of a set of instructions which advise opening or closing trading positions based on the results of technical analysis. Gallant FX provides Free Development and Hosting of these applications to our clients, which we've introduced to the FX market.

To Qualify for Free application deployment and on-going support, Development and Trading Advisory, please contact us.