Algorithmic trading uses a computer program to automatically generate and execute trading decisions based on a defined set of rules, ranging from simple Expert Advisors to sophisticated quantitative models. It removes emotional decision-making from execution and can react and place orders far faster than a human manually watching a chart.
An algorithm is only as good as the logic and testing behind it — automating a flawed strategy just means the flaws get executed more consistently and at higher speed.
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Choosing a Trading Platform: MT4, MT5, cTrader and the Broker's Own
The platform decides which orders you can place, whether your stops survive a closed laptop, and how much you would have to rewrite to leave. What actually differs between the options — and the point where the platform stops mattering and the broker takes over.