The forex market is a fast-paced industry that requires traders to be on top of their game at all times. Automated forex trading software has become increasingly popular in recent years as it allows traders to execute trades quickly and efficiently. With so many options available, it can be difficult to determine which software is the best for your needs. In this article, we will explore the best automated forex trading software of 2018.
1. MetaTrader 4
MetaTrader 4 (MT4) is widely considered to be the gold standard in automated forex trading software. It offers a wide range of tools and features that make it easy for traders to execute trades and manage their accounts. MT4 allows for the creation of custom indicators and the use of expert advisors (EAs), which are automated trading systems that can execute trades on your behalf. MT4 is also highly customizable, allowing traders to create their own trading strategies and backtest them using historical data.
2. NinjaTrader
NinjaTrader is another popular automated forex trading software that offers a wide range of features and tools. It is particularly popular among day traders as it allows for the execution of high-speed trades. NinjaTrader offers advanced charting capabilities and the ability to backtest trading strategies using historical data. It also offers a range of third-party add-ons that can enhance the software’s capabilities.
3. TradeStation
TradeStation is a comprehensive trading platform that offers a range of tools and features for forex traders. It offers advanced charting capabilities, a wide range of technical indicators, and the ability to backtest trading strategies using historical data. TradeStation also offers a range of third-party add-ons that can enhance the software’s capabilities.
4. ProRealTime
ProRealTime is a popular trading platform that offers advanced charting capabilities and a range of technical indicators. It also offers the ability to backtest trading strategies using historical data. ProRealTime allows for the creation of custom indicators and the use of automated trading systems. It is particularly popular among traders who use technical analysis to make trading decisions.
5. cTrader
cTrader is a trading platform that offers advanced charting capabilities and a range of technical indicators. It also offers the ability to backtest trading strategies using historical data. cTrader allows for the creation of custom indicators and the use of automated trading systems. It is particularly popular among traders who value transparency and reliability.
In conclusion, there are many automated forex trading software options available in 2018. MetaTrader 4 is widely considered to be the gold standard in the industry, but there are many other options available that offer advanced features and tools. Ultimately, the best software for your needs will depend on your trading style and individual preferences. It is important to do your research and choose a software that meets your needs and requirements.
