What is an automated trading system?

Automated trading systems — also referred to as mechanical trading systems, algorithmic trading, automated trading or system trading — allow traders to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer.

What are auto trading tools?

When we talk of automated Forex trading systems or auto trading tools, we can distinguish two separate categories of auto trading tools: Expert Advisors (EAs) and Forex robots, or auto trading bots.

How does autotrading work?

With autotrading, human emotions like fear, greed, or reluctance are eliminated. These emotions may have a negative impact on trading decisions. Meanwhile, algorithms function according to set rules, enabling controlled and consistent trading without giving in to emotional biases. This same premise can be used to reduce or elimination human error.

Should I use eToro's copytrader system?

Whilst I still maintain an active interest in automated trading systems, eToro’s CopyTrader system seems a far more efficient mechanism for capitalising on financial market fluctuations in an automated way than stand-alone automated systems.