Welcome to our comprehensive guide! We’ve put together this handy resource to walk you through every step of setting up your algorithmic portfolio. Whether you’re just getting started or want to make some adjustments to your portfolio, this guide has all the information you need to get the most out of our solutions.
From picking the right broker and setting up a VPS to installing MetaTrader 5 and setting up your portfolio, we’ve got you covered. Each section is laid out in a way that makes it easy for you to find your way around, so you can trade with confidence and efficiency.
By following these steps, you’ll be ready to unlock the full potential of your portfolio. You’ll be able to trade smarter, reduce emotional biases, and ultimately improve your trading performance.
Let’s get started on your journey!
If you want to manage your capital with automated trading systems, you’ll need a trading account with a CFD broker that offers the MT5 platform. The good news is that most brokers offer a connection to MT5.
It is entirely up to you to decide which broker you choose. Do your research and compare different broker providers to find the one that best suits your needs. Where you live and which country the broker is registered in will also affect your decision. You can open an account with a broker in another country regardless of your country of residence, but some brokers exclude clients from certain countries. Look for a reputable and regulated broker where your money is safe.
How well the algorithms work depends on the broker and account type you use. Regardless of the broker you use, we recommend using low spread accounts, often called ECN accounts.
We mainly work with 2 brokers, Roboforex and Blackbull Markets. With Roboforex we had the best results and also with Blackbull Markets we had very good results.
This is not a financial advice, it’s just a quick overview of the brokers we work with.
The choice of the broker is up to you.
Once your broker account has been successfully opened, the next step is to activate the algorithms for your personal broker account. To do this, simply fill out the linked form, which will allow us to activate the algorithms for your account.
A Virtual Private Server (VPS) is not mandatory, but highly advisable to ensure that your algorithms are running around the clock and without interruption. A VPS is a computer that’s always on.
Since automated trading systems also operate around the clock, we recommend installing and running them on the VPS.
We recommend IONOS as a VPS provider with good conditions and customer support.
MetaTrader 5 (MT5) is one of the most popular trading platforms out there, offering some pretty powerful tools for both manual and automated trading. The platform is free to use and is the connection to your account. That’s why we’ve decided to use the MT5 platform for our systems.
The setup process is really straightforward. Just download the zip file and add it to your MT5 platform.
