Welcome to the Automatic Forex home page!
We are against the CFTC proposal to cap leverage
at 10:1.
Today, spot forex traders can open offshore spot forex accounts to
take advantage of 100:1 or 200:1 leverage, but maybe offshore retail
forex trading will be outlawed. Many traders are concerned
about what the future will bring.
Our specialty is developing Expert Advisors (EAs)
for MetaTrader 4. EAs are software scripts that automatically
trade currency pairs in the spot forex market. If you want to
be part of what we do, we invite you to
register as a forum member.
You may have heard of grid trading. It has a
reputation of providing high frequency, steadily profitable trading.
However, since most grid trading strategies are refuse-to-lose
strategies and commit more margin when the market shifts direction,
it is not uncommon to see eventual margin calls when extremely
whippy action causes a series of several quick changes in market
direction.
Good grid trading strategies can survive for weeks or months at a
time, providing decent profit.
If a trader has reasonable expectations and understands the risks, a
grid trading strategy can be worth the risk.
Automatic Forex has years of experience in the design of fully
automatic grid trading strategies for the spot forex market. Because
the retail forex trading community has been good to us, we offer a
sample grid trading Expert Advisor (EA) FREE, no strings attached.
You can use it for demo or live trading.
Download The FREE EA Here
While you are very likely to make extra cash with the free EA, be
aware that it uses only one currency pair. As you may know,
brokers have placed restrictions on single pair hedging. While
they may still allow intraday single-pair hedging, they may close
your trades at the end of each day. We solve this problem with
a version of the same strategy that uses uses two currency pairs to
form a synthetic hedge of the main pair (total of 3 pairs used).
This avoids same-pair hedging restrictions and the end-of-day
broker-initiated closure. However, it uses more margin as 3 pairs
are involved.
Here is a demo statement from the EA that uses the
3-pair synthetic hedge:
Demo Statement
The synthetic hedge version of the EA is available
in the private section of our forum,
where an experienced group of forex traders discuss how they use the
EAs. You may also download the source code for many EAs from
the forum site.
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Be advised that trading in the FOREX market
is risky. Please read our
disclaimers and risk
warning.
We want to help you approach automatic FOREX trading in a cautious
manner. If you use our Expert Advisors or any other means of
trading, it is best to trade on demo accounts for three months, a
year, or as long as it takes to understand the trading approach.
When you are ready to trade with your own money, we advise that you
tiptoe in with very small amounts -- amounts that you could easily
afford to lose. As you gain confidence, you can add money to
the live trading account.
