There are two main criteria that you should program rules for and they are: Market Entry and Market Exit or your stop. You can use a lot of indicators to time your trades but in an auto trading system you need to use as few as possible and here I will show you how to build a 1 rule system simply based on the volatility of the trades.

A very simple system would be one based on the standard deviation (volatility) of the price. The Bollinger Band, for example, shows a mean average band and the two outer lines are one standard deviation from the norm or average, as volatility increases the bands move away from the average. You can easily build a simple volatility system with your own setup, so here’s what to do.

You would have to decide on a midline moving average to start with. This is where prices will find support in a bull market and resistance in a bear market. A buy signal would be generated (and held) in a bull market when the average is reached, the lower outer band would provide the stop level.

What you need to do is try various moving averages and standard deviation settings for the outer bands, but this is easy to do with current software. So you would need to decide on a forex spread to trade it and test it over time to see how successful it is as it only has one rule it will show a realistic backtest of performance.

The logic of the above system is easy to understand, and below you will find how to generate a buy signal and stop in a bull market.

In a strong uptrend, prices may move away from an average price, but will usually find support at the average. If volatility drives prices through the middle band to the outer lower band, the supply and demand situation is probably turning from bullish to bearish and a stop can be placed.

You need to do some research and you can add additional filters if you want, but a volatility-based system will work if you trade on a variety of uncorrelated contracts (they very rarely work on a single contract).

I have seen people make huge profits with simple automated systems and you can too. Sure you have to spend some time researching and testing and also as with any long term trading system but with a little work you can easily build your own Forex auto trading system and make huge profits in less than 30 minutes per day. .