How to create a trading robot?
1. Why Trading with a Bot Matters
Automated trading helps eliminate emotions, execute strategies with precision, and take advantage of market opportunities 24/7.
With FX eTrader, you can create trading bots that apply advanced strategies consistently while respecting your risk management rules.
- Executes strategies without human intervention
- Reacts instantly to market movements
- Reduces errors caused by emotional trading
- Allows you to test and optimize multiple trading approaches
2. Creating a New Bot in a Few Clicks
FX eTrader is designed to make bot creation simple and accessible, even for users without technical expertise.
Steps to Create a Trading Bot
- 1. Access the Bot Creation Menu: Click on “Create New Bot” located on the left side of the screen.
- 2. Choose a Trading Strategy: Select the strategy your bot will use from the available options. Each strategy follows a specific trading logic suited to different market conditions and risk profiles.
3. Types of Trading Strategies Available
Click on any strategy below to access its detailed documentation, including how it works, configuration options, and best practices.
3.1 Basic Strategy
A basic trading strategy, based on clear entry and exit rules, ideal for beginners.
- Learn more: Simple Strategy - Detailed Guide
3.2 Grid-Based Strategies
Strategies that use a grid of orders to profit from market price fluctuations.
3.2.1 Classic Grid
- Places buy and sell orders at regular intervals to take advantage of price movements.
- Learn more: Classic Grid Strategy - Detailed Guide
3.2.2 Reverse Grid
- Works in the opposite way of the classic grid, adapting to an opposite logic for order placement.
- Learn more: Reverse Grid Strategy - Detailed Guide
3.2.3 Hedged Grid
- Combines the classic grid and reverse grid strategies with hedging positions to reduce overall risk.
- Learn more: Hedged Grid Strategy - Detailed Guide
3.3 Hedging & Recovery Strategies
Advanced strategies designed to protect capital and manage drawdowns.
3.3.1 Recovery Zone Hedging
- Uses recovery zones combined with hedging to gradually exit losing positions.
- Learn more: Recovery Zone Hedging - Detailed Guide
3.3.2 Trend-Following Hedging
- Combines hedging with a trend-following logic to align with the market's dominant direction.
- Learn more: Trend-Following Hedging - Detailed Guide
3.3.3 Range Hedging Strategy
- Designed for range-bound markets, this strategy protects positions when the price moves within a defined channel.
- Learn more: Range Hedging Strategy - Detailed Guide
3.4 Martingale-Based Strategies
Strategies that rely on progressive position sizing.
3.4.1 Classic Martingale Strategy
- Increases position size after a loss in an attempt to recover previous losses. A high-risk strategy, recommended for experienced users only.
- Learn more: Classic Martingale Strategy - Detailed Guide
3.4.2 Anti-Martingale Strategy
- Increases position size after a win, capitalizing on winning streaks. A more conservative approach than the classic martingale strategy.
- Learn more: Anti-Martingale Strategy - Detailed Guide
After learning how to create and configure your online bot, you can move on to the next step to learn how to download and install it on MetaTrader 4 or 5.