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Forex Strategy Trader 1.4.8



 

Forex Strategy Trader 1.4.8

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Forex Strategy Trader 1.4.8 Ranking & Summary

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Ranking Level
User Review: 9 (1 times)
File size: 3.3MB
Platform: Windows Me, Windows 98, Windows 2000, Windows
License: Freeware
Price:
Downloads: 13
Date added: 2011-08-24
Publisher: Forex Software

Forex Strategy Trader 1.4.8 description

Forex Strategy Trader 1.4.8 brings a reliable and handy trading platform working via Meta Trader system that can automatically send and execute trading orders based on a predefined strategy. The visual interface allows users to create their own strategies in a few clicks without worrying about programming and coding the logic. All the components of a strategy can be easily found in the user-friendly menus and can save hours for anyone who has previously tried to create his own Expert Advisor in MT and found it overwhelmingly difficult.

Forex Strategy Trader is a free auto-trading platform working via Meta Trader system. It automatically sends and executes trading orders based on a predefined strategy. The visual interface allows users to create their own strategies in a few clicks and run them right away. All the components of a strategy are easily selected from the user-friendly menus and can save hours for anyone who has previously tried algorithm trading and found it overwhelmingly difficult. All the components of a strategy are easily selected from the user-friendly menus and can save hours for anyone who has previously tried algorithm trading and found it overwhelmingly difficult.

The usual strategy consists of technical indicators and the rules for their interpretation by the program. All the possible rules and combination are accessible through drop down menus and after the strategy is set all you need to do is connect to the Meta Trader terminal and click “Start Automatic Execution”. As long as you are online the software will follow the logic and trade automatically. Even the novice traders will find it easy to create trading strategies in minutes and those who are more advanced and know the dealings of Expert Advisor building, can save a lot of hassle and formula writing.

The software allows users to import strategies from back tester – Forex Strategy Builder, and even download other users’ strategies from the forum or internet site. Some of the advanced tweaks you can apply to your strategy include: setting the amount being traded as lot size or as percent of your total account; adding to, removing from or reversing a position; stop loss and take profit values; and even setting a precise time for making deals (say 10 a.m.). The possibilities are innumerable as Forex Strategy Trader has more than 100 indicators in store and tons of logical options for each of them. Moreover, advanced traders from around the world compute new indicators regularly and upload them on the site or in the forum making them available for everyone.

The software also includes a lot of demo strategies with thorough explanation aimed to provide basic knowledge and example for users before they start playing around with the indicators and start building their own systems. There is also a ton of helpful resources and tutorials on the web site and in the forum so you’ll never be left “in the dark”. The program is totally free to use so have fun with it and make your trading more profitable!

Major Features:

  1. Get rid of personal bias.
    • Algorithms do not have personal views. Their trading decisions are based on a predefined logic. When used correctly, automatic trading takes the stress out of investing decisions and helps you focus on the bottom line.
  2. Instant execution of complex strategies.
    • Day traders know that speed is important on the market. Price movements can be very rapid and unexpected. Algorithms make split second decisions and can massively improve the timing of a trading strategy.
  3. Add a layer of safety to your trading.
    • Forex Strategy Trader functions through a specially designed expert advisor that keeps track of positions without stop-loss orders. There is also a built-in account defense that allows you to set a minimal amount that halts all trading activities and exits the market.

Enhancements:

  • Integrated Krog’s N Bars Exit indicator in Forex Strategy Trader;
  • Added Day Closing 2 and Week Closing 2 indicators. They Can close positions at predefined server time.
  • Fixed continuous beeping on wrong setting of Stop Loss or Take Profit;
  • Fixed expert: Stop Loss or Take Profit are > StopLevel + 1 Pips. This reduces Invalid Stops errors;
  • Trailing Stop trails when the price advances minimum 1 pip in favor. Before it trailed on advance of fraction of pip;
  • Removed upper limit of Connection ID number;
  • Added Go button, next to the Connection ID entry field. This is for users that want to confirm the ID with mouse instead of Enter;
  • Fixed a bug when FST is continue working but becomes invisible when a user cancels program closing

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