The best AvaTrade automated trading platforms work across a wide range of devices and strategies. Auto trading systems are algorithms, software, or tools that execute trades without your manual approval. The best programs run based on AI-software, pre-defined variables, and technical signals. For beginners, choosing the best platform will impact your algo trading rules, strategies, and overall development. Once automation is setup, trades will execute with you actually trading yourself. However, you must carefully test strategies and keep a record of copy trades to prevent losses. In this post, we’ll review the best AvaTrade automated trading platforms to get started.
How Does Auto Trading Work On AvaTrade
Understand how AvaTrade automated trading platforms work as a beginner. AvaTrade automated platform is a programmed trading system. This trading platform uses your algorithm or copy trading to perform trade entry and exit positions. You can auto-execute trades based on your specified strategy or a rule-based criterion that you want to achieve. AvaTrade trading platforms allow you to mirror or copy the trades. Plus, you can define advanced money management rules and risk parameters. As a AvaTrade Beginner, you can fully automate your trading rather than watching your screen all day. AvaTrade offers various auto trading products, such as Avasocial and Duplitrade to trade using bots. Further, select the Avatrade, the best forex broker in Colombia for beginner traders. Surely learn how AvaTrade automated trading platforms work as a beginner.
Auto Trading Robots On MT4 Platform
The AvaTrade MT4 platform offers automatic trading with expert advisors (EAs). The EA robots are unique to the MT4 platform. You can purchase an EA from the MetaTrader4 market or write your own code. When getting started, consider using free or paid EA code to test indicators, signals and technical analysis. Once you have a working strategy, you can optimize and build your own code. On the MT4 algo platform, you can use their custom MQL4 coding language. Or, work with new programs available on the marketplace that suit your trading style and instruments. On the AvaTrade MetaTrader 4 platform, you can upload your EA and start executing trades automatically.
AvaTrade MT5 Automated Trading Application
Use AvaTrade MT5 automated trading application as a beginner. The MT5 trading application offers two types of algos including trading robots and indicators. Trading robots help you automate trade operations in your AvaTrade real account. You can use MT5 indicators to analyze price action or identify price chart patterns. With AvaTrade MT5 you can build your automated trading application by combining indicators into trading robots.
Develop your AvaTrade MT5 trading applications with resources such as:
- Scripts: Use apps to automate tasks, like closing pending orders on MT5.
- Custom Indicators: Helps you perform specific analytical operations on MT5 price charts.
- Expert Advisors (EAs) – Automated trading robots for MT5.
You can even explore numerous inbuilt or custom indicators using the MT5 platform. Definitely use the AvaTrade MT5 trading application to automate your trading in the beginning.
AvaTrade API Trading
AvaTrade offers API trading to automate trading strategies with greater customization. The API allows traders to connect their own systems to AvaTrade’s platform, enabling the use of personalized algorithms. Beginners can leverage the API to automate trading and execute instantly. To get started, simply request access to the API through your account, develop your code, and test it using AvaTrade demo accounts. You must follow the following steps for successful API algo trading on AvaTrade:
- Follow the API documentation on Ava
- Request API access, key, and token credentials
- Verify the API connection
- Develop your custom trading automation logic
- Test and backtest your custom AvaTrade API integration
The API supports various programming languages, allowing you to build strategies tailored to your trading style and instruments. Certainly, you can take your application programming trading strategy to the next level with the AvaTrade professional account.
AvaSocial Auto Trading
Plus, AvaTrade offers one of the best automated social trading app for beginners. The Auto-trading platform is called AvaSocial. You can mirror more seasoned traders automatically after reviewing their trading achievements and profile. Through AvaSocial, you can speed up your trading learning curve while creating your own trading community. Additionally, find more experience mentoring traders, get to know them via chat, and even copy their trading positions. Access all these trading benefits on the palm of you hand, download AvaSocial App on your Android or IOS device from the Apps Store or Play Store. As a new trader, learn from the best traders, make a trading community, and create your portfolio through this Avatrade’s automated-social trading app.
AvaTrade MetaTrader 4/5 Trading Bot
Finally, Avatrade provides all-level traders MetaTrader 4/5 feature-rich editor for creating your own automated trading robots. With no previous coding knowledge required, create your strategic trading bots called ‘Expert Advisors’. Simply select your EA components through the built-in MQL5 Wizard. Plus, you can also choose over 50 EAs previously designed, ready for you to use them in your trading strategy.
Each trading robot has three main components: Buy and Sell generation signals, open positions via trailing, and money management. Design up to 300 Expert Advisors by combining the MQL5 Wizard’s default package components – 20 trading signal modules, 3 position trailing modules, and 5 lot management modules. Surely, Avatrade’s MT4/5 offers beginner traders cutting-edge trading bots editor for automated trading strategies.
