Today one of the most popular automated currency trading interfaces is called Metatrader, with Metatrader support available for over 100 different forex brokers.

This software platform has become very popular because it is very stable and anyone with a knowledge of MetaQuotes programming language can program a small piece of code called an Expert Advisor that has a specified set of trading rules with which to enter and exit the market. The reason this has become so popular is simple: once you discover a winning strategy for a specific currency pair, you can let your computer make trades for you in the background.

Every year a handful of major banks and forex brokers, including the MetaQuotes software corporation which develops the Metatrader software, host the Automated Trading Competition to see who among independent programmers can create the most successful automated trading algorithms.

One highly recommended strategy for creating your own automated trading software is to first create your own trading strategy that is purely based on technical or chart analysis. Because it is a technical strategy that means it is mathematical in nature, and can be converted into a series of if/then statements to composite a computer algorithm.

Metaquotes language is the most popular trading software programming language for creating automated trading algorithms, however other popular trading platforms also have their own languages that are easy to understand compared to most other programming languages like Python.

The way that the man who won the autotrading competition described how he created his forex robot was as follows: First he programmed an automated technical trading strategy based on the properties of neural networks which was coded with the programming language C++, and then he took this strategy and turned it into a Metatrader expert advisor by converting his algorithms to Metaquotes language.

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