An autopilot Forex trading system performs two different tasks. First, it functions as a trading system and uses its built in software logic to make trading decisions. The second function is the unattended placing of trades for the Forex trader. Autopilot Forex trading systems are also called Forex robots. They are also called Forex expert advisors as well.

Autopilot Forex trading systems can only automatically place trades if you’re broker’s trading platform supports it. The most commonly used software for auto trading is called MetaTrader. MetaTrader is free to download and install which no doubt lends to its popularity. If your broker supports auto trading through MetaTrader you can use an automatic Forex trading system through that broker.

Here’s a quick look at how Forex auto trading works. The trader first has to have MetaTrader installed on their computer. Then the trader must install their autopilot Forex trading system inside of MetaTrader. Once the system is installed properly it will begin to place trades automatically. Traders can alternatively use what is known as VPS or virtual private server. A virtual Private server can run the trader’s autopilot Forex trading system without interruption. This server is in a remote location and will continue to place trades for the trader even when the trader’s computer is turned off.

The most important thing to consider with any autopilot Forex trading system is its reliability. Many beginning Forex traders become too impressed by automation and overlook the all important bottom-line performance of the system. The objective of any Forex trading system should be to build equity over time.