Forex Auto-Trade Systems

There are two main types of Forex auto-trading:

1. Copy-Trading

   This method involves automated execution based on incoming trading signals. Many signal providers exist in the Forex market, most requiring a monthly subscription.
   Tip: Before subscribing to a signal service, research its past performance (at least 2 years) and the team behind it.

2. Trading Using Forex Robots

   Forex Robots, also known as Expert Advisors, use mathematical algorithms to analyze technical factors and determine when to buy or sell. Traders simply adjust the settings, and the system operates automatically 24/7. Since many Forex Robots do not perform well, traders should thoroughly review an Expert Advisor’s past performance before use.

   Tip: Whatever auto-trading method you choose, always test it on a demo account before trading with real money.

There are two main ways to test a Forex robot’s performance:

1. Backtesting

   A Forex Robot can be tested using historical data via backtesting tools on platforms like MetaTrader 4. This helps evaluate how it would have performed in the past.

2. Real-Time Testing

   A Forex Robot can also be tested in real time using a demo account, allowing evaluation under current market conditions.

Using a VPS Service (Virtual Private Server)

A VPS is a hosting service for Expert Advisors, providing users full access and control over CPU, RAM, and storage. VPS hosting ensures stability and flexibility for automated trading applications. Since Forex Robots need a computer running 24/5, using a Forex VPS service is a practical alternative. VPS hosting typically costs around $30 per month.