In platforms NetTradeX and MetaTrader 4 traders are given an opportunity of algorithmic trading using Advisors, software trading robots which can analyze automatically the market condition, make deals, set and modify orders.
These programs are created by the traders themselves (or by professional programmers requested by traders) via integrated programming languages included in terminals NetTradeX Advisors and MetaTrader 4.
The programs are usually divided into 3 groups: trading advisors, custom indicators and utilities. Advisors conduct an automated market analysis based on the quotes dynamics, integrated and custom indicators, execute buy and sell orders, set pending and linked orders. The indicators are calculated and shown on the quotes charts, or in a separate window of the terminal; trading advisors can be guided by these indicators to perform calculations. The utilities can perform other non-trading activities, e.g. the balance analysis, signal creation and so on.
NetTradeX Advisors – a complimentary trading terminal which allows to automate trading through the built in language NTL+, as well as to expand the functionality of the main terminal NetTradeX. The user can operate only on the terminal NetTradeX Advisors or simultaneously on both terminals - primary and secondary.