Best Automated Platform for Bitcoin Market Trading
Best Automated Software for traders looking at new techniques of bitcoin trading where they can automate trading using a Bitcoin EA Software and trade their accounts automatically using a EA software or what is commonly referred to as a EA robot.
The best automated EA software platforms are programmed to profit from the btcusd market by market fluctuations, that's why they are sometimes known as robots, that can trade the bitcoin cryptocurrency market automatically.
Automated Bitcoin Crypto Currency System
Let's say that you want to begin automated trading or already have started but you are looking to improve your automated bitcoin Expert Advisor system, then what are the techniques that you can implement so as to improve your bitcoin EA.
Methods to improve automated Bitcoin Crypto Currency System.
1.Learn MQL4 Crypto Expert Advisor Programming language or what is basically C plus plus programming language.
A good place to begin with is the MQL4 Crypto Expert Advisor community where you can get several MQL4 guides or ask traders using these EA softwares where you can get these tutorials to learn this programming language.
Reason you want to learn how to program these EA software robots is so that you can know how to program a cryptocurrency Expert Advisor according to rules which you set for your automated system. You'll be in a better position to know how to translate a manual system to an automated Expert Advisor software.
To give you a tip & a lesson in programming you'll first need to state pseudo-code or the logic of your bitcoin system before translating it into an automated system.
Once you learn a little bit of coding this will help you quite a bit, it might not make sense now but once you begin to code these EA software bitcoin systems it will definitely make a lot of sense, after all without specifying the pseudo code like the above example you will not make any head way in programming an automated bitcoin EA, because you will have not specified what you as a trader want the automated trading system to do or where you intend to start from.
2. Learn what metrics the automated bitcoin system requires
Automated bitcoin platforms used to trade the online market without involving any human intervention are just a set of trading algorithms which mimic trade strategies, in fact the automated algorithms are the strategies themselves.
Traders using automated bitcoin EAs will take a trading strategy, program code that trade strategy so as to come-up-with an automated EA bitcoin system, some traders using the popular MT4 cryptocurrency EA platform software, will commonly refer these programs as Automated EA or EAs, that are implemented using the popular MQ4 programming language, found within the MetaTrader 4 software.
MetaTrader 4 platform software
A good example is the MetaTrader 4 robots that have so much parameters to optimize, such that as a novice if you don’t optimize for any one of them then your EA bitcoin system may not be a profitable as it should.
Hence make sure to know which parameters to optimize for and how to optimize for these parameters.
MT4 Crypto EA Strategy Simulator
3. Host your automated bitcoin systems on a VPS server
Another thing which is coming about in when it comes to these systems is the VPS for EA hosting or virtual private server hosting for EA Bitcoin Robots, so that they can trade from the servers round the clock as opposed to these Expert Advisors trading from your Personal Computer.
VPS for Expert Advisor hosting - Virtual Private Server
The thing about automated bitcoin crypto currency trading is that they need extensive testing so that to deal with the dynamic nature of the btcusd cryptocurrency market.
For EAs you need to host it on a VPS server that can run your robots 24 hours non-stop, all you have to do is to hire a VPS server for about $20 - $50 dollars, then install a MT4 from your crypto broker on this VPS server and then install you automated system on the MT4 and login to your account and activate the EAs to continuously run on the VPS server.
Hosting on a VPS ensure that internet interruptions do not interfere with your trading bots that needs to be in btcusd market full time. Secondly, you can not run your Expert Advisors on your Personal Computer 24 hours a day.
4. Get a good broker
This may not seem as a point when it comes to improving your automated bitcoin system, but consider this: A crypto broker notices you're executing trades which are profitable and your trade positions are executed by scripts which are used by Expert Advisors, so the broker is not a very good broker and maybe is a market maker that profits when you make losses, so the broker also has been in this game longer than you & knows that when you come to them with a profitable automated systems they also have their own virtual dealer-plugin which beats your automated bitcoin system hands down. So the broker implements Virtual Dealer Plugin then now when your automated bitcoin crypto currency system puts a trade transaction it gets a re-quote such that this confuses your Expert Advisor robots, then the virtual-dealer plugin sometimes off quotes your automatic bitcoin system, or it logs off your trading platform for an hour such that your trading platform logs back again then the signals that it generates are unpredictable.
So do yourself a favor get a reputable broker that will not manipulate your EAs when you will be trading with these Automated Bitcoin Softwares.
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