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Since the start of this website, one topic that has eluded from FX Operator is automated Forex trading. I have been a discretionary trader for few years now, and I did not miss any of the expert advisors or automated trading systems. It is more of a personal preference, but if you do not have the time or patience to look at the charts, then an automated Forex trading robot could be an alternative to consider. However, please do not assume that automated trading is the ATM to the Forex market.

Most of the retail traders use automated trading systems that operate on what is known as an Expert Advisor, or EA. One of the popular platforms for automated trading is MetaTrader from Metaquotes. Brief explanation of an Expert Advisor is that it has certain parameters and automatically places a trade based on the algorithm it was programmed to rely on.