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Saturday, October 4, 2008

Automated Forex Trading:

If you use a 100% mechanical system you can literally put your computer doing all the work for you. An automated Forex system searches for trades, and places trades on your broker. So, if you feel comfortable with this kind of system, you just need to leave your computer turned on 24 hours a day, and he’ll be trading for you.
If you intend to use a 100% mechanical trading system to trade for you, you can develop one in a platform like MT4 (http://www.metaquotes.net/). MT4 is a great platform and allows you to build virtually any kind of trading system.
If you’re not a programmer, you can look for automated Forex systems. These systems can be back-tested, and trade for you. Usually, you can define the maximum amount you’re comfortable to risk, and the system trades accordingly with your instructions. When you have everything in place, you just need to leave your computer on, and he’ll do all the work.
Some of the most reputable mechanical systems on the market are Forex Autopilot System, Forex Autopilot, Silicon Forex, Forex Auto Run, Forex Breakout System and TrendStuffer.
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