There is a couple of things that is important when dealing with automated trading.
1)
Ease of use - The MT4 platform offers a good debugger platform and MQL4
programming language that is similiar to C programming. This ride onto
the trading chart easy and lots of graphics and word to display on it to
show your analysis and progress. The many programming features enable
beginer and expert to code trading strategy into automated coding.2) Trading strategy - No automated trading is complete without a good and profitable trading strategy that works on designated currency pair in single or multiple timeframe. The strategy should include entry and exit requirements, money management, stop loss policy, password/account protection, spread resistance, technical or fundamental analysis, server busy/free checks, support memory retention or program continues after reboot or restart.
4) Coding support - The last and most important is
the support for the platform, codes and time usage availablility.
WIthout future support to run on future OS and programming language, the
automated trading software will be obselete in time to come. And the broker support for the trading platform is equally important.In summary, the platform for automated trading has to be easy to use, a profitable trading strategy, simulate to test historical data and coding support including broker server.
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Algorithmic Trading and DMA: An introduction to direct access trading strategies.
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