Automated FX Trading in Power Trader

Integral Power Trader is a flexible and robust platform for manual trading as well as automated algorithmic trading in the FX markets.

Expert advisors, Forex robots, HFT algorithms. By any name, automated trading has become a major part of not only the interbank currency market but all of the major financial markets around the world. Automated trading is not only permitted -- at BNFX, it's encouraged. After all, with no conflict of interest in our true ECN/STP business model, trading strategies of all kinds are welcome under our roof.

Power Trader is one of the most powerful and customisable software platforms available to online Forex traders today. Aside from its true one-click trading for manual traders and active scalpers, Power Trader also features an extensive set of automated trading capabilities.

We'll look at just one of the many features of Power Trader's automation features: "PTL Builder".



When starting a new automated trading system, use the "New Module" wizard. To start, the wizard will ask you to select one of six popular programming languages for automated FX trading systems: C#, Visual Basic .NET, ProTraderLanguage, MQL4 (MetaQuotes Language for MetaTrader 4 compatible Expert Advisors), MQLII (legacy version of MetaQuotes Language), and TradeStation's EasyLanguage.



Next, you will be able to choose between starting a module that will function as an automated trading system (robot or EA) to systematically place trades using your strategy; or you can choose to build a script, a library for use in other modules, or a new custom technical indicator for your charting and technical analysis needs. For the purposes of this example, we'll choose the "Adviser" option to build an automated trading system.



Now the New Module Wizard will allow you to choose the indicators and market patterns that you would like to use as the basic framework of your trading system. As a basic example, this screen will allow you to choose a Bollinger Band indicator, and to specify that an order will be opened once the symbol has hit the lower band. While most real trading systems will involve far more complex combinations of parameters, this basic structure will lay the groundwork for your trading system right off the bat. In short, a couple of dialog boxes later, and you will have an EA structure laid out for you to begin coding your real strategy.

Since many automated trading strategies are based off of a simple concept as a starting point, this is a powerful tool to get your project started in the right direction.