Automated trading has been a popular topic and is gaining momentum, there are numerous data proving how different financial institutions are moving towards algorithmic trading strategies. Softwares are a huge part of automated trading, they are specifically developed by programmes that code an algorithm, whose main task is to generate signals and alert traders for upcoming opportunities. These innovative softwares are referred to as Expert Advisors (EAs) and come in many different variations.
Main benefits of automated trading
Before we discuss how you can start profiting from Automated trading, let us discuss the main benefits and reasons why so many people get drawn by.
1. Fully Automated
This is pretty self-explanatory, the main reason why people are drawn to automated trading, also referred to as algorithmic trading, is due to the fact that low involvement is needed from the trader’s side. If the algorithm is built well, it has the capability to monitor and analyze huge amounts of data and then takes action. This allows traders to sit back and enjoy the process without any interjections.
2. Removes Psychological factor
Sometimes, traders’ actions can be motivated by different psychological factors, which in the long run, prevents them from generating profit. Automated trading software/robots remove the emotional factor and tend to increase the overall profitability of the trading account.
3. Time efficiency
Utilization of automated trading saves a lot of time for traders to focus on other projects. Due to the complexity of the algorithm that runs the software, it allows them to make decisions for themselves and generate profit without any additional involvement.
What to Look for in Automated Trading Software
Investing in fully automated trading software gives you an ultimate prospect of growing wealth. Even though theoretically, automated trading seems flawless, there are scam softwares all around the internet. Make sure to invest in the one that has third party verification and a good history of generating profit.
Which Automated Trading do we Recommend
Thanks to the thorough research and further development of financial technology, Elite CurrenSea (ECS) has managed to produce two revolutionary fully automated trading robots for Forex. The company values transparency all throughout their organization and their trading bots are no exception. It’s worth mentioning that each of the trading bots performances is available on myfxbook.
Elite CurrenSea uses the algorithms plus the team’s overall trading experience to manage client capital this way via a PAMM technology – a system set up on the broker side, that allows introducing retail traders to a more hands-off approach for when it comes to diversification via forex automated trading solutions.
Athena EA
Introduced two years ago, this grid algorithmic robot surpasses everyone’s expectations. With a 200% average yearly return, Athena EA can be considered as one of the most profitable fully automated trading robots in the market.
| Key Stats: | Values: |
| Historical Yearly Performance | 200% |
| Historical Drawdown (DD) | 20% |
| Risk Reward Ratio (R: R) | 0.36 |
| Profit Share | ($0 upfront fees, 20-35% profit share) |
| Software Rental | €499 per year |
| Live Performance on |  |
Zeus EA
If you are looking to diversify your portfolio and invest in a low-risk trading expert advisor, Zeus EA is for you. This expert advisor has high-quality backtesting with error-free orders and really fast complex monitoring. As mentioned previously, Zeus EA, having a Drawdown of 43% on average, is a good low-risk option for traders who are testing the waters with automated trading software.
| Key Stats: | Values: |
| Historical Yearly Performance | 100% |
| Historical Drawdown (DD) | 43% |
| Risk Reward Ratio (R: R) | 0,65 |
| Profit Share | ✅ ($0 upfront fees, 25% profit share) |
| Software Rental | €89 per month |
| Live Performance on | |