The Easy Way to Automated Forex Trading
Automated trading is the ultimate goal of many a forex trader. But developing automated trading systems is difficult and time consuming. And the market is littered with overpriced robots and expert advisors that promise astronomical returns, but lack actual trading results.
But what if you had access to dozens of proven and profitable trading systems, backed by actual live trading results, without paying hundreds or thousands of dollars? We review several innovative online services that offer hundreds of automated forex trading systems and signal providers in one place. You can trade these systems for very little money! In most cases, all you pay is the spread.
Don't like the performance of a particular system? Just trade it out for another one! Create your own portfolio of trading systems - as many as your margin will allow! You have full control over lot sizing, stop loss and take profit, traded pairs - you can even reverse trade an unprofitable system!
All of these services are fully automated! They require no software - simply configure your trading portfolio online and all of your trades will be placed automatically. You can, of course, manually intervene and close trades anytime you want. Many popular brokers are supported, and some are even offered by the broker's themselves!
ZuluTrade
ZuluTrade is the largest free automated forex trading service today. Over 1500+ signal providers are available, and more than 500 of those show a net profit for the last 12 months!
ZuluTrade offers free auto trading on almost a dozen brokers, and MetaTrader 4 accounts are supported. There are no commissions or fees – all you pay is the broker's spread. A 30 day demo is available.
Read Our Review of ZuluTradeRent A Signal
Rent A Signal is the latest addition to the forex auto trading arena -- an innovative service that allows you to use any MetaTrader-based broker!
Most signals require a modest monthly fee, but there are dozens of free signals are available, and an Elite membership gives you access to exclusive, high-performing systems!
Signup is easy and free, and there are no hidden fees! Unlimited demo trading is available.
Read Our Review of Rent A SignalCollective2
Collective2 is a community-oriented site that offers detailed trading system statistics, innovative features, and actual live trading results for hundreds of trading systems.
Collective2 also offers trading systems for stocks, futures and options! You can take manual signals or have the trades placed in your broker account automatically. Many systems can be autotraded for free.
Dozens of brokers are supported, and free autotrading is available for customers of FXCM and Gain/Forex.com. Registration is free.
Read Our Review of Collective2FXDD Auto and Forex System Selector (FX-Auto)
This broker-supported automated trading service features over 100 hand-picked and profitable trading systems. You have full, real-time control over all trades. You can even place manual trades directly from the interface.
This product is marketed as FXDD Auto and FXCM Forex System Selector. There is an additional 1 pip spread per trade. A 30 day demo is available.
Read Our Review of FX-AutoEvaluating Automated Trading Systems
They key to success in automated trading is knowing how to select the most profitable and robust trading systems, and effectively managing risk. In this tutorial, we cover the most important factors for evaluating a trading system's performance, along with risk management and portfolio diversification.
Read Our Tutorial on Evaluating Trading Systems