Setting up an auto trading system can be fairly simple or highly complex, depending on your goals, coding experience, and chosen platform.
Beginner-Friendly Options (Easyish)
- Pre-Made Expert Advisors (EAs): MetaTrader 4/5, cTrader, and other platforms offer downloadable EAs that automate trades based on predefined strategies.
- No-Code Solutions: Some brokers and third-party tools (like TradingView’s automated alerts) allow automation without programming.
Intermediate (Moderate Difficulty)
- Building Custom EAs in MetaTrader: Requires some coding in MQL4/MQL5 to develop your trading bot.
- Using Python for Algorithmic Trading: Platforms like Interactive Brokers (via IBKR API) or Binance allow Python scripting for automation.
Advanced (Difficult)
- Developing a Custom Trading System: Requires coding expertise in Python, C++, or Java, plus knowledge of APIs and market data feeds.
Remember, you must backtest and optimise to refine your strategies using historical data before live trading.
Also, running bots 24/7 often requires a Virtual Private Server (VPS) for stability, which adds another layer of complexity.
If you want to automate simple trades, it’s pretty easy. But if you’re looking to develop a custom AI-driven strategy, it can take months of learning and testing.
Do you have any specific strategy in mind?
