How It Works: Your Step-by-Step Guide to Automated Trading
How It Works: Your Step-by-Step Guide to Automated Trading
Welcome to the world of automated trading with our state-of-the-art robots! Whether you're new to trading or looking to streamline your strategy, we've got you covered. Here’s a simple, step-by-step guide to get you started on your journey to automated trading success:
1. Buy the Robot
Your first step is to choose and purchase the robot that best fits your trading style and goals. Whether it’s the aggressive FXR, the precise DEX, or the conservative COWS, we have the perfect solution for you.
2. Open an Account with Deriv (Broker)
Next up, you'll need a broker account, and we recommend Deriv for its reliability and ease of use. Don’t worry if this sounds complicated; our Support Team is here to guide you through the process.
3. Fund Your Trading Account with Deriv
Once your account is set up, it’s time to add some funds. This is your trading capital, the money your robot will use to start making trades. You can start with an amount you're comfortable with and grow from there.
4. Install MetaTrader 5
MetaTrader 5 (MT5) is the platform where all the trading action happens. It’s where your robot will live and work. Installing MT5 is straightforward, and yes, our Support Team can help with this step too!
5. Connect Your Deriv Account with MetaTrader
To let your robot start trading, you’ll need to connect your newly funded Deriv account with MT5. This bridges your robot with the market, through Deriv, allowing it to make trades on your behalf.
6. Install Robot
Now for the exciting part – installing your robot onto MT5. This is where your robot comes to life, ready to start its mission to trade. Our Support Team will ensure your robot is set up correctly and ready to go.
7. Sit Back, Hold Thumbs, and Let the Trading Be Automated
With everything set up, it’s time to let your robot do its thing. Sit back, relax, and watch as your trading is automated. While no outcome can be guaranteed, you’ve taken a significant step towards potential trading success.
Here to Help Every Step of the Way
Remember, points 2 to 6 can (and will) be done by our Support Team. We’re here to make sure your journey into automated trading is as smooth and straightforward as possible. Don’t hesitate to reach out if you have any questions or need assistance at any stage.