Automated Forex Trading
Automated forex trading is becoming an increasingly popular tool among investors, and Tickerly is leading the way. With Tickerly, setting up your trading strategy is easy, execution is fast, and you don’t need a VPS or a Chrome extension running. Our platform is designed to provide a competitive edge with lower prices than major competitors and the ability to run multiple strategies on the same ticker or coin pair.
What is Automated Forex Trading?
Automated forex trading is a method of trading foreign currencies using a computer program. This program is based on a set of analyses that help determine whether to buy or sell a currency pair at any given moment. It increases transaction speed and frequency, eliminating emotional and human errors in trading.
Automated trading provides significant advantages over traditional methods. It allows for around-the-clock trading, removes emotional decision-making, and allows for rapid execution of trades, particularly beneficial in the fast-moving forex market.
Tickerly takes this to the next level by providing a platform that is faster, easier to use, and more secure than many other platforms on the market. With us, you can take full advantage of automated trading and its benefits.
How Automated Forex Trading Works on Tickerly
Tickerly provides a comprehensive platform that supports both crypto and forex trading along with commodities, indices, stocks, and more. Here’s how to get started:
- Choose Your Trading Strategy: Tickerly works with any TradingView strategy or indicator. You can use our built-in strategies, create your own, or import strategies from TradingView. This flexibility allows you to tailor your trading approach based on your preferences and risk tolerance.
- Set Your Parameters: After choosing your strategy, you can set your parameters. Tickerly supports multiple take profits, allowing you to maximize your gains. You can adjust your stop-loss to break-even, limiting your potential losses. You can also implement risk-based order sizes, allowing you to manage your risk effectively.
- Start Trading: Once your strategy and parameters are set, you can start trading. Tickerly’s fast execution ensures your orders are placed quickly and accurately, allowing you to take advantage of trading opportunities as they arise.
Why Choose Tickerly?
Choosing the right platform for automated forex trading can make a significant difference in your trading experience and results. Here’s why Tickerly is a superior choice:
- Easy Setup: Tickerly eliminates the complexities often associated with setting up a trading strategy. Our intuitive interface allows you to easily navigate and set up your trading strategy, saving you both time and effort. We are continuously working on making our platform even more user-friendly, based on feedback from our users.
- Fast Execution: When trading, speed is of the essence. Tickerly understands this and has optimized its platform for rapid order execution. This ensures that you don’t miss out on potential trading opportunities due to delays.
- No Need for VPS or Chrome Extension: With Tickerly, you don’t need to worry about running a VPS or keeping a Chrome extension active. Our platform is designed to provide superior trading capabilities without requiring additional tools or resources, making your trading process smoother.
- Affordable: We believe that everyone should have access to high-quality automated trading tools. That’s why we offer competitive pricing, providing a high-quality service at a price lower than many major competitors.
- Multiple Strategies: Tickerly allows you to use multiple strategies on the same ticker or coin pair. This versatility increases your trading potential and allows you to customize your trading approach according to market conditions.
How Automated Forex Trading Strategies Work?
Automated forex trading strategies are designed to execute trades based on predefined criteria without human intervention. Here’s a simplified overview of how these strategies work:
- Criteria Definition: The first step in automated trading is defining the criteria for trade entries and exits. This could be based on various factors, including price levels, indicators, or a combination of multiple factors. For instance, you might set your strategy to buy a particular currency pair when its price drops below a specific level or when a certain technical indicator signals a bullish trend.
- Strategy Coding: Once the criteria are defined, they’re coded into a trading algorithm or a script. This code is what tells the trading platform when to execute trades based on the predefined criteria.
- Backtesting: Before the strategy is used in live trading, it’s usually backtested using historical market data. This helps determine the strategy’s effectiveness and allows for adjustments before real money is put at risk.
- Implementation: Once the strategy is refined and ready, it’s implemented on the trading platform. The algorithm monitors the forex market and executes trades when the criteria are met.
- Monitoring and Adjusting: Even after the strategy is live, it’s essential to monitor its performance and adjust the parameters as needed based on market conditions and performance data.
Tickerly allows you to easily implement automated forex trading strategies. You can choose from our built-in strategies, create your own, or import strategies from TradingView. With fast order execution, risk management features, and the ability to run multiple strategies on the same ticker, Tickerly provides the tools you need to make the most of your automated forex trading strategies.
Safety and Security in Automated Forex Trading with Tickerly
At Tickerly, we prioritize the security of your data and assets. Here’s how we ensure your trading is safe and secure:
- Fixed IPs for Tight Security on Exchanges: We use fixed IP addresses, allowing you to set up strict security measures on your exchange.
- Encrypted Storage of API Credentials: Your API credentials are stored only in encrypted databases, never in plain text.
- Processing Server Security: Our processing server keeps your API credentials securely in memory, never writing them to disk.
- TradingView Alerts Exclusivity: Our platform is designed to only accept alerts from TradingView servers, ensuring that all other signals are ignored.
What Our Users Say About Tickerly
Don’t just take our word for it, hear what our users have to say:
- “Have been using Tickerly for a couple of months now. Have to say the speed and accuracy of execution has been excellent. Not missed a beat so far and pretty easy to change my Trading Viewalerts over.”
- “Excellent service and light years faster than anything I have used. A relatively new service however very professional and have been extremely proactive in any requests/problems/information I have needed. Would recommend to anyone.”
- “Excellent service! Quickest and easiest way to connect Tradingview strategies to exchanges. Reliable service. Highly recommended!” bb
What is Automated Forex Trading?
Automated Forex Trading is a method of trading foreign currencies with a computer program based on a set of analyses that help determine whether to buy or sell a currency pair at a given time.
How does Tickerly support Automated Forex Trading?
Tickerly allows you to automate your forex trading by connecting your TradingView strategies to your preferred exchange. This enables your trades to be automatically executed based on the signals from your chosen strategies.
What security measures does Tickerly have in place?
Tickerly prioritizes user security with measures such as the use of fixed IPs for tight exchange security, encrypted storage of API credentials, in-memory processing server security, and TradingView alerts exclusivity.
Can I trade other assets apart from Forex with Tickerly?
Yes, Tickerly supports not only Forex but also cryptocurrencies, commodities, indices, stocks, and more.
How does Tickerly execute orders?
Tickerly executes orders based on the alerts generated by your TradingView strategies. Once an alert is triggered, Tickerly sends the corresponding order to your linked exchange for execution.
Do I need a VPS or a Chrome extension to run Tickerly?
No, Tickerly operates entirely through the cloud, which means you don’t need a VPS or a Chrome extension to run it.
How can I set up my strategy on Tickerly?
Setting up your strategy on Tickerly is simple. You can follow the step-by-step guide provided on our website. If you need further assistance, our support team is always ready to help.
Does Tickerly offer a free trial?
Yes, Tickerly offers a free trial to allow new users to experience the benefits of automated trading with our platform.
What markets does Tickerly support?
Tickerly supports a wide range of markets, including Forex, cryptocurrencies, commodities, indices, and stocks.
Can I use multiple strategies on the same ticker or coin pair with Tickerly?
Yes, Tickerly allows you to use multiple strategies on the same ticker or coin pair. This enables you to diversify your trading approach and potentially enhance your trading outcomes.
Start Your Automated Forex Trading Journey with Tickerly Today
Ready to experience the future of automated forex trading? Sign up for a free trial with Tickerly today and discover how our platform can revolutionize your trading strategy. With our user-friendly interface, advanced features, and steadfast commitment to security, we make forex trading more accessible and more efficient than ever before.
Take your trading to the next level with Tickerly – your partner in automated forex trading.