Algorithmic trading is to use a computer program that follow specific predefined instructions and rules to place or close a trade.
Anyone eager to learn can trade using Algo, we are offering a free course to teach you how to use the platform to generate profitable strategies.
Using algorithmic trading you can trade different markets at once, from stocks, futures, forex, and cryptocurrencies.
All you have to do is invest in what you can afford to lose. It is better to have a $10,000 account, but you can start with $1,000 and gradually grow the amount with decent broker leverage.
We use StrategyQuant, AlgoWizard, QuantAnalyzer, and QuantDataManager.
StrategyQuant X is a powerful strategy generator and research tool. It allows traders to generate strategies automatically for any market and any time frame using machine learning techniques and it does not require programming skills. AlgoWizard allows traders to create and backtest strategies using an intuitive visual Drag&Drop strategy editor for defining the trading rules (conditions and actions). It’s necessary to know the logic and the rules of a strategy that you want to build. QuantAnalyzer is not for creating or defining new strategies, it analyses your current strategies and trading results. QuantDataManager is a tool for downloading, managing, analyzing, and exporting free historical data to use in your trading platform. You can learn more here: https://strategyquant.com/blog/comparison-of-our-products/
In the MT4 platform you can use up to 100 robots at the same time, this will depend on how much you have funds in your account and leverage from your broker, keep in mind that it is better to use only 8 robots only in a single MT4 terminal.