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System trading places orders automatically. Once your criterion has been met, an order will be automatically generated. Once an order reaches a certain price limit, a stop-loss order can also be automatically executed to minimize the user’s loss. With these features, the user can have the freedom to do other things besides watching the market in front of his computer all day. He can enjoy time with his family or go on vacations. He can take advantage of the of the 24 hour forex market and never miss a good trade without having to be tied up on his seat all day. Using mechanical trading can also minimize emotions in trading. Since everything is done automatically, the trade won’t be influenced by either fear or greed. When emotions are in check, the user can also easily stick with his trading plan hence making the trader achieve consistency in his trades. Automated trading systems also allow the user to backtest before even he jumps into live trading. By being able to backtest, the user can make necessary adjustments to the trading idea that would produce favorable results to the user. This can actually help minimize the trader’s risk since he can test his idea first before the live trade. It is very important for a trader to choose the best trading system that will work and be worthy for what he pays for it.
TrendBiter is an automatic self-contained trading system which frees the user from decision-making. It uses a proprietary MTSD (Medium Trend Strength Discovery) indicator developed by Dr. Trent Soyuz that takes small “bites” of profit out of trends in the medium range with an exceptionally high accuracy rate for all the major currency pairs. This system is available for immediate release on NinjaTrader as well as on other leading enterprise platforms. This system is easy to install and can be used like the “plug and play” concept. This system is designed for patient investors whose investment horizon is at least one year making it a great solution for investors who want to trade the Forex market but avoid the daily grind of chasing down PIPS.
Know more of the benefits of using a fully automated trading system now.
Automated Forex Trading System and its Benefits
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