Best Way To Automate Forex Trading

I have never traded a forex strategy live using any advanced automated methods.  At the most, I’ve placed a limit order.  Most, if not all of my experience has been with expert advisors in Metatrader.  

I realize more than ever that if I could automate my strategies, this may take me to the next level of trading and keep me more involved in the market.   At this point, I need the motivation. The subject of automated trading has always interested me but my issue has always been with trusting a broker and the platform with a live account using an expert advisor.  Therefore I’m calling on everyone who has experience with automated trading to share your experiences.  If you’ve used Metatrader, have you found success with any particular brokers? I know there are other automated trading software available that mostly allow trading via an FXCM API but are they any good? I know Oanda also has an API but it costs about $600/mo.  If you could, please send any experiences you have to my email address at rich@forexproject.com and based on what comes in, I’ll put the information together and post it here. Thanks.

 

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Forex Trading Dedication

Is my forex trading dedication waning, are my priorities shifting, or have I come to
a realistic conclusion? I'm talking about the time I actually spend sitting at
my computer trading.  There was a time
when I was getting up way before the crack of dawn trying to trade the European
session at 4 a.m. EST.  I also used to
watch the charts closely during the Japanese session.  Those times are over though.  The time I actually sitting in front of
charts has lessened by the month at this point and I'm not sure that's such a
good thing for someone at my stage of learning. 

I get a lot of emails like, "why don't you do this or why don't you
do that" but the reality is that I just can't do most of those things.  Some of these "things" are trading
the news and trading shorter-term charts. 
I certainly appreciate the feedback but can someone with a limited
amount of time actually be a trader? I'm not sure but maybe I'm taking the
wrong approach to all of this.  Maybe
someone short on time shouldn't be trading short-term charts or trade news
releases.  Maybe I shouldn't even think
about day trading. 

I've been trading a daytrading system for a while now mainly because it was a set and forget system.  I could set my orders, stop losses, and
profit targets and wake up most of the time to find the trade already complete but this certainly doesn't give you any flexibility.  Particularly, I'd find it very difficult to implement a breakeven requirement to my trading plan unless I automate this via a Metatrader broker.  So do I have to give up trading 30-minute and 60-minute charts and move toward 4-hour, daily, or weekly?  Perhaps I will have to do that. 

How are all of you managing to day trade and work full-time for a living?

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