also referred to as algorithmic trading, is a computer program that creates orders and automatically submits them to a market center or exchange. Automation enforces discipline, where every trade, regardless of consecutive losing and / or winning streaks, will continue to trade a pre-defined methodology, bypassing the emotional capital that accompanies self-directed accounts. You can buy some software for as little as 25 USD, while some software can cost as much as 1,000 USD.
Automated trading system - Wikipedia
Automated, trading, systems : The Pros and Cons
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However, a lot of traders decide to program their own trading strategies and custom indicators, or they work closely with a programmer to design their automated trading system. On the other hand, manually trading can increase the risk that they will become emotionally invested in a trade and might not make the best trading decisions. Marynowski, John.,. With an automated trading system, you will be taking a disciplined, unemotional and systematic approach to trading. "No Time To Trade". For instance, the most popular trading platforms: MetaTrader 4 and, metaTrader 5 use MQL programming language, while the NinjaTrader platform uses the NinjaScript programming language.