3 Best Automated Trading Platform of 2019
Now we all live in the era of technology. Technology has contributed and also contributing a lot to change our lifestyle. Technology has also change the speed and direction of online trading and which is called automated or robot trading.
Therefore, without any further ado, let's dive into automated trading.
What is Automated Trading Software?
Automated trading software is a sophisticated trading platform that uses computer algorithms to monitor the market for certain conditions.
Stock market traders who use automated platforms can set some initial guidelines for equities, such as small shares that are volatile with prices that have recently exceeded their 50-day moving averages.
Traders also set entry and exit points for their potential positions and then let the computer take over. The software can automatically filter stocks according to criteria and execute trades based on predetermined parameters.
Some of the benefits of automated trading are very clear. People are limited in the amount of stock or currency they can monitor at any given moment. We only have two eyes, right?
On the other hand, computers can see markets and different securities at speeds that cannot be understood by meat and blood traders. The algorithm can see trend reversals and execute new trades in a fraction of a second.
An automated strategy only works in certain market conditions - it's not universal and you have to understand when to apply it. In addition, many automated strategies become overly optimized and fail to take into account real world market conditions.
Remember, all backtesting in the world cannot make even a single strategy.
Now introduce with the best 3 automated trading platform of 2019-
FIX API:
FIX API suite of applications (API) programs provides automatic trading of foreign exchange, precious metals, and CFDs (contracts for differences) that display commodities, indices and bonds.
With deposits as low as USD5,000, SGT Markets offers you the possibility to open a FIX API Account, which is usually aimed at institutional and high-volume clients who want to access market-leading liquidity directly and at very low prices.
FIX API clients take advantage of existing SGT Markets liquidity and technology relationships to see one partner, one price, and one competitive volume-based fee.
SGT Markets will provide FIX API accounts only to clients who have sent funds (the minimum deposit required is 5,000) and who have passed the usual verification steps.
Liquidity
SGT Markets collects prices from the various bank and non-bank liquidity sources, which means you will always get the best prices available on the market, this combined with market-leading spreads means better execution quality.
Reporting
You can monitor positions, balances, and margins in real-time, reconcile positions and view trading volumes for a certain period. Financial reports and trading recaps are sent to clients for daily trade and cash reconciliation.
Benefits:
-Special liquidity for active traders in a trading environment with very low latency
-SGT Markets FIX API: Liquidity solution that enables clients to realize their goals
-Access to the best price machine technology with competitive clearing fees based on volume.
-Welcome to all trading styles: HFT, News, other toxic strategies.
IC Markets
IC Markets is very proud of the high number of trades they can handle, which they claim is as high as 500,000 per day and a total of around 15 billion USD.
IC Markets also offers access to one of the best-automated trading platforms available today, cTrader Algo, which allows traders to develop their own trading algorithms and create special indicators for technical analysis. The use of their innovative technology has made them widely known.
Regulation: International Capital Markets Pty Ltd. licensed by ASIC (AFSL no. 335692). (You do not own or own any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
Type: Market Makers, ECN, STP
Leverage: 1: 500
Minimum Deposit: $ 200
Platforms: MT4, MT5, MT WebTrader, MT iPhone / iPad, MT Android, MT Mac, cTrader, cTrader Web, Android cTrader, cTrader iPhone / iPad, cTrader cAlgo
Headquarters: International Capital Markets Pty Ltd. headquartered in Sydney, Australia
US customer: No.
Other instruments: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
OctaFX
OctaFX is the ideal choice for those based in Asia with a number of their traders based there. OctaFX offers automated trading through their MT4 platform using expert advisors (robots), and they claim to reduce the possibility of slippage costs.
OctaFX was also awarded the 'Best ECN Broker' by the UK Forex Awards 2017 and, currently, they offer a 50% bonus to their traders at each deposit.
Regulation: Octa Markets Incorporated is regulated by the FSA. (You do not own or own any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
Type: ECN, STP
Leverage: 1: 500
Minimum Deposit: $ 5
Platform: MT4 (web platform, desktop, Android, iOS), MT5 (web platform, desktop, Android, iOS), cTrader (desktop, Android, iOS)
Headquarters: Octa Markets Incorporated is headquartered in Kingstown, St. Vincent and the Grenadines
US customer: No.
Other instruments: CFDs on indexes, commodities, crypto currencies
Finally, automated trading or robot trading has many cons because after all they are robots not human. Sometimes due to technical problems you can lose all your money. So, before working with automated trading you have to assume the worst.
So, are you working with one of this broker which I've discuss then please let me know.
