cTrader has very good charting for manual trading and is the perfect choice for those who are starting out with automated trading and would like a soft introduction to what can be a very complex subject. If you are new to algorithmic development, this platform is for you. cTrader has a dedicated platform for programming which allows you to create, test and run your strategies in a risk-free environment with a demo account.
The possibilities are endless using the cTrader trading platform which utilizes the modern programming language Microsoft C#.
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A Trading Strategy is a pre-planned set of instructions that will achieve a profitable return by submitting a Buy or Sell order in the markets. The strategy can be based on technical analysis, fundamental news-based events and good risk management. A typical trading strategy would include multiple technical indicators to signal either a buy or sell and some rules to exit the trade with a profit. A fully automated strategy also takes away human emotions that prevent the trader from closing a position early or letting a loser run too long and blowing their account.
Many new traders feel that they have found the key to unlock the door to the secret of making money when they discover algorithmic trading, we would like to put a few things straight that will save you both time and money as well as help you invest your energy in the right direction.
A cTrader or cAlgo cBot is a piece of software written in Microsoft C# that is designed to run on the cAlgo trading platform that can do any number of tasks for you, it can be a trading strategy or provide signals for manual trading. The most common use of a cBot is for automated or semi-automated trading, a semi-automated cBot will allow you to have control of the strategy while delegating some of the repetitive tasks to the robot.
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