Editor's review
This is a free Forex trading platform that works through MetaTrader4.
Forex Strategy Trader is a free trading platform for the Forex market. It works through Meta Trader system. If a strategy could be pre-defined, this trader tool will be able to place and execute trades on your behalf. For defining the strategy there is no software to be developed or tinkered with. Thus, you are not expected to have those skills. Through the visual interface, you would be able to define a strategy with just a few clicks of the mouse. Expert Advisor products used to be able to do such strategy development. However, creating a strategy in that environment used to be quite a time consuming affair. All the components of a strategy can be easily found in the user-friendly menus in this trader environment and save you hours in defining a strategy.
Usually, one looks at the technical indicators and lets the program interpret them according to its own implemented rules. The possible rules and combination are accessible through drop down menus. Once the program indicates that the strategy is set up you can start trading by connecting it to the Meta Trader terminal. On clicking “Start Automatic Execution” this utility will keep executing trades according to the strategy developed. It should take only minutes for even a completely novice trader. More experienced ones will be able to save a lot of hassle and formula writing. This tool can be easily integrated with the back tester and strategy builder from the same developer group. The trader will obviously improve that much. This is a very good tool and if you are an active trader, this is good for a trial. Being a free tool, you could discard it if you do not like it.
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