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Auto Execution FAQ
o Video Walkthrough
o ForeXecutor Setup Video
o Written Tutorial
o 4xCharts Packages
o Inteliscript Information
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How is your auto execution different from other companies “auto execution”
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The ForeXecutor allows experienced Forex traders that have developed their trading strategies to maximize their potential profits, by allowing trades to be automatically executed while they are not at their computer. Many other auto executing systems require a trader to subscribe to a particular trading strategy that is not their own, but rather a pre-set trading formula. We believe that if a Forex trader doesn’t have the flexibility to modify their trading parameters, they might as well have their money professionally managed by an experienced trader instead.
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Do I have to learn programming to do auto execution? Why? Is it hard if I’ve never had any programming experience before?
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Our auto execution system is compiled of two parts;
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Regardless of whether a trade is manually executed or auto executed, there must be an analysis of the market conducted, to know when to get in/out of a trade. Our charting system, 4xCharts, allows Forex traders to specify what indicator(s) what time frame(s) you want to use in this analysis. You can also establish different parameters for each currency pair if desired. So the first major hurdle is establishing a trading strategy that you are comfortable with auto executing. A poor trading strategy will produce poor results. Our auto executing system does not enhance your trading performance, but rather allows you the option of trading 24-hours a day and having the flexibility to walk away from your computer.
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Programming through IntelliScript is a must for fully auto execution trading. However, if you are serious about making the most of your Forex trading experience, you will shortly be writing your trading formulas in IntelliScript code as good as the best of them.
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We have developed resources to assist you along the way:
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User Manual – provides an explanation and quick how to on the majority of the functions needed to programming your personal trading strategy.
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Sample Code – we have compiled widely used code to assist both new and experienced traders save time on the basics (from trailing stops to limiting your trading hours).
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If you are still having problems in putting your trading strategy into IntelliScript, please send us an email explaining your trading strategy and specifics on how you use it. We will have one our technical support staff to provide you with the appropriate code, to the best of our understanding of your strategy. Click here for assistance with your trading strategy.
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Do I need to have both 4xCharts and the ForeXecutor open for them to place trades or can I set it up, turn off my computer, and go play golf?
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Since the programs will be running on your personal computer allowing for maximum flexibility, it also means that both programs need to be open and running for the trades to be executed. So to answer your question, you can still go play golf, but leave your computer on with both the 4x Charts and ForeXecutor running and set to auto execution in the "Set Order Defaults" window.
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