How Auto Execution Works
The Forexecutor works in unison with our full service charting package, 4xcharts. For those traders familiar with Intelliscript, the following concept will make perfect sense. For those traders who are unfamiliar with Intelliscript, please do not fret; the following information may change the future of your trading.
Within 4xcharts is an amazing program (Intelliscript) that allows traders to write 'if than' statements. For example; if you know that you want to see the JPY cross ten PIPS below the moving average before you open a position, you then simply write an Intelliscript algorithm that accomplishes your objective. Most traders understand what they would like to see the market do before placing a trade. Turning your criteria into an algorithm is simple; we will be glad to step you through it.
When 4xcharts tells you that the market has met the criteria you hoped to see, the Forexecutor auto executes the trade. Now you can be sure that you will not overlook the trade you have been waiting for all day, perhaps all month. Not only does the Forexecutor read your strategies, it is also a trading platform in and of it self.
The Forexecutor allows you to customize your profit and stop losses for either a market order or a limit order. Whatever your preferences may be, the Forexecutor has been designed to meet the needs of every trader.
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