Best Way To Automate Foreign Exchange Trading

I have never traded a forex strategy live using any advanced automated methods. At the most, I've placed a limit order. Most, if not all of my experience has been with expert advisors in Metatrader. I realize more than ever that if I could automate my strategies, this may take me to the next level of trading and keep me more involved in the market.

At this point, I need the motivation. The subject of automated trading has always interested me but my issue has always been with trusting a broker and the platform with a live account using an expert advisor.

If you've used Metatrader, have you found success with any particular brokers? I know there are other automated trading software available that mostly allow trading via an FXCM API but are they any good? I know Oanda also has an API but it costs about $600/mo. If you could, please send any experiences you have to my email address at rich@forexproject.com

FX Brotherhood or FX Funnel

Those of you have stumbled across this blog will be well aware that it never properly got updated with information about Forex Brotherhood. For that I apologise.

In the meantime though, I would like to recommend a slightly cheaper alternative for those people who are considering getting into FX Trading. It's good software for those starting out but who don't want to make too big an investment in the beginning.Today's article comes thanks to a story over at Forex Funnel Reviewed. The article claims that one instance of Forex Funnel trading software would have managed to generate $50,000 US in profits for someone that started out with it in June.


FX Funnel Reviewed's story is based on a feed from FX Systems 4 You, which states that the generally customers are more satisfied with this product than any of the other Forex Trading robots.