Currency software trading systems are developed and used by FX traders to trade the forex market.
There are many forex software packages available. Some with the rules as part of the package and some with out the rules revealed.
These are referred to as “black-box” systems.
Almost all the currency software packages used for trading have a technical analysis based system that is traded. This is because technical analysis based strategies are usually easily transferred into simple rules that can be programmed into software format.
Many of the packages are not to be used as stand-alone packages, but are intended for use with other packages, such as meta quote 4.
You should always check how comprehensive the software trading package is.
The software package may not handle all aspects of trading, such as money management. Therefore, you may have to incorporate your own money mangement strategies to compliment the software package.
Many of currency software trading vendors that can offer a high annual compounded returns, usually will not reveal what their system’s rules are.
Instead, the systems are sold as a black box systems. Where you get the directions on how to trade from the software, but not the formula or calculations that trigger the signals to buy and sell.
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