Forex Automated Trading

Automated Forex Trading, also known as algorithmic trading, is conducted with the help of Expert Advisors (or EA’s).

How does automated trading software work?

Who can use automated Forex trading software?

What are the advantages of automated trading?

  • Unlike humans, expert advisors are not influenced by emotions. Decision-making is based entirely on calculations, which makes trading more efficient.
  • A well-developed and optimized automated system for trading helps you to facilitate some calculations and increase the probability of profitable trades.
  • Automated trading systems can monitor and trade multiple trading instruments simultaneously 24 hours a day.
  • You can adjust the EA settings or revert to manual trading at any time.
  • You can also use auto trading to copy trades of successful traders. Therefore, there is no need to analyze market conditions by yourself.

What to be aware of while using automated trading?

  • It is impossible to completely exclude control over transactions, due to possible communication issues, power outages, and other technical problems.
  • An EA that can replicate the full scope of analytic capabilities and flexibility of a human trader is yet to be found.

How to start Forex auto trading?

Myfxbook AutoTrade

Myfxbook AutoTrade allows you to engage in mirror trading and replicate strategies and trades of the most profitable traders, and also includes risk management tools: you are free to refuse an unprofitable strategy at any moment and set a level of balance or drawdown. With MT4 terminals installed on its servers, Myfxbook is able to exchange signals through expert advisors. The service is completely automated and does not require a VPS.


ZuluTrade is a service that uses signals from top Forex traders to manage your trades. You just need to choose a trader whose trading style you prefer, and ZuluTrade will copy their strategy in your MetaTrader account via ZuluTrade's own VPS service.