Ever wanted to design and develop your own automated trading system? Now you can, for free! To develop your own private automated trading system requires no coding skills, just requires a bit of logic and some useful software! To build your automated trading system, is a two step process. First you must build it and test it. Then once you have found a profitable system, to take those settings and put them into the trading software program that sends the signal to your MT4 platform to execute trades. The great thing about this is that you no longer have to pay money to develop a trading system, or pay money for trading signals. Based on my personal experience of developing my own private automated trading system, where you can easily spend a few hundred dollars, this software is a valuable tool for anyone who wants to create their own automated trading system for free and without all the hassle.

Forex Strategy Builder - Step One

Forex Strategy Builder is a visual, independent forex system builder while also a back tester. It uses a combination of technical indicators and logic rules to simulate the trading process based on historical price data. It includes an automatic strategy generator which enables you to compose a profitable strategy. An optimizer, an intraday scanner, a bar explorer and an interpolation methods comparator are included to improve the quality of your forex strategy development. Custom indicators, multicurrency strategies and out of sample testing capabilities are also included in this free forex software.

To build your automated trading system just requires you to select the indicator(s) you want to use, the conditions or logic that must be met for a position to be opened, then the conditions or logic that must be met for the position to be closed. As you tweak your strategy, the software will automatically calculate the results so you can see what works and what doesn't.

Forex Strategy Builder v2.10.0.0 Installer To Download, Click Here
Published on November 1, 2009.
Download size - 3.71 MB.
Installation size - 22.0 MB.

Once you've got your profitable trading strategy, you will need to implement it in to your trading platform.

Forex Strategy Trader - Step Two

This is a free trading software working via the Meta Trader Platform. It automatically sends and executes trading orders based on a predefined strategy built using the Forex Strategy Builder. You will need to import your strategy from the Forex Strategy Builder to Forex Strategy Trader. After that, all you need to do is connect to the Meta Trader terminal, attach the expert adviser to a chart, and then click "Start Execution" in the Forex Strategy Trader software. As long as you are online the software will follow the logic and trade automatically. Even novice traders will find it easy to create trading strategies in minutes and those who are more advanced and know the dealings of Expert Adviser building, can save a lot of hassle and formula writing.

Forex Strategy Trader v0.6.1.1 Beta - To Download, Click Here
Published on November 09, 2009.
Download size - 2.81 MB.
Installation size - 4.39 MB.

To view more information about Forex Strategy Builder and Forex Strategy Trader, visit the developers website Here.

On their website you will find strategies, a forum, blog and many other useful resources to help you build your automated trading system.

To learn about candle stick patterns as a trading strategy, click here. -  Midasfx has written a very detailed hub about them.