FXCM Strategy Trader ? Automated Forex Trading Software

Posted on | February 1, 2011 | No Comments

Automated Forex Trading is an extremely favourite method of trading. If you’re not a very experienced trader, starting with an Automated Forex Trading system is a great way to learn what actions triggers trades and why.

FXCM provides Automated Trading software called Strategy Trader.

What does Strategy Trader offer? You can trade with it alongside the FX Trading Station II. You have access to advanced back testing and optimization engine. It’s highly integrated into FXCM so is doesn’t have any bridges or synchronization. You have access to 3rd celebration data like Esignal and you’re healthy to trade multiple sub-accounts in one program (LAMM compatible).

All orders sit on FXCM servers. The orders put on Strategy Trader can be seen on the FX Trading Station II.

If you’re familiar with trading MT4, FXCM’s Automated Forex Trading platform “Strategy Trader” is very similar and offers many one-of-a-kind proprietary features such as the preloaded EA’s.

Grid Trader

Grid Trader uses a limited martingale methodology, where apiece trade is the same lot size. At any one time, the maximum number of open trades is set to 10 by default. The strategy is designed to perform ideal with currency pairs or market conditions that are range bound. Price filters, like historical volatility, are used to help insure that the strategy is placing trades in market conditions that are more favorable for the strategy.

After Hours Trader

After Hours Trader is a trend reversal strategy, which attempts to capitalize on short-term overbought or oversold market conditions. The strategy is designed to trade the major currency pairs (EUR/USD, USD/JPY, GBP/USD, USD/CHF) during the Asian market hours, where the major pairs are typically ranging. This strategy uses a 28-bar RSI calculation compared to the more typical 14-bar calculation. The reason for this is to try to capture price action at its maximum exhaustion.

ST Breakout

ST Breakout is a breakout trading strategy, which attempts to expect price action that breaks through a previously defined support or resistance level. The strategy is designed to trade the GBP/JPY and USD/JPY currency pairs, as these pairs often have a high likelihood of volatility expansion. Such pairs are typically more likely to break through (breakout) defined support and resistance levels, while maintaining volatility, which often leads price action to continue in the direction of the breakout.

FXCM’s Automated Forex Trading system “Strategy Trader” is free. Sign up for a demo now.

Trading foreign exchange on margin carries a high level of risk, and might not be suitable for all investors. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. DailyFX will not accept liability for any loss or damage, including without limitation to, any loss of profit, which might arise directly or indirectly from use of or reliance on such information.

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