subject: Find the Right Forex Software With MetaTrader [print this page] You might be searching for a charting platform, or a trading system. You could also be looking for an automated trading program, or a signal service. You are in all probability looking for some type of assistance to help with your trading. This is truly the holy grail for many traders who do not have the time or the desire to sit in front of a computer 16 hours a day. I have done that for a few years and completed my trading education, now its time to let the computer to take care of it for me.
The very best charting and trading platform is MetaTrader MT4, which allows you to also create custom indicators and expert advisors allowing for you to auto-trade your account. A number of people have made truly excellent Expert Advisors, and its like having your own forex trading guru sat at your computer 24/6, never becoming tired, grumpy, hungry or anything else for that matter.
Provide a stable internet connection and power, and the EA will handle everything else for you. The problem is choosing the correct one, as there are several out there.
Some standards you should employ, when judging an EA are;
- Whether they will allow you a free trial
- Their FORWARD tested track record as well as their backtested history
- What modelling quality their backtests are run on (90% is the very best available)
- Whether or not they provide a money back guarantee should the EA fail to accomplish the desired results
Markets change, and so do the performances of the EA's. The goal is seriously to discover one that can perform consistently over different market conditions.
