EA automatic trading system, also known as intelligent trading system.
An automated trading system that consists of a series of software applications that operate according to certain rules or parameters. The system is designed to implement the functions of trading activities in an electronic and automated manner.
The smart trading system automatically generates “buy” or “sell” signals based on the current market environment and technical indicators. The technical parameters are set by the developer and can be adjusted by the trader.
When various trading conditions are met, the EA system will issue a “buy” or “sell” trading signal to achieve automatic trading.
The various EA systems sold in the market already have default Settings, which can be adjusted to suit traders’ risk tolerance and capital levels.
There are many advantages to using automated trading software, such as: Usability – Automated purchasing is easy and convenient to use, and takes little time to download and install;
Automation – Most automation software offers fully automated trading, which saves a lot of time by eliminating the need for real-time staring.
The elimination of human emotions — human emotions are the biggest obstacle in trading, and automated trading can be a good way to avoid this problem;
Programmability – Automated trading systems are generally highly programmable, and traders can set parameters according to their actual conditions, so as to achieve the purpose of optimization.
Automated Forex trading software, or Intelligent Trading Systems (EA systems), is designed to help traders automate their forex market accounts without having to manually operate them.
In other words, the EA system can automatically realize the function of opening and closing positions, without the need for people to sit in front of the computer to operate.
EA system can effectively find the best entry and exit points, automatically calculate the ideal position size, and automatically execute trading behavior according to the pre-set trading rules (or trading plan).
Most EA trading system rules are based on a set of parameters, and trading signals are often based on the use of one or more technical indicators in combination.
The setting of parameters and the use of technical indicators depends on different traders.
