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Also, considering the complexity of the automatic calculations, the application runs swiftly, taking just a few seconds to complete an entire analysis. It is quite a feat that it is so easy to use, considering TradingView has so many data feeds and backend power. There are significant differences in the user experience between the different analysis software packages. While we have two clear winners in this section, I need to mention that TradeStation, Scanz, and Optuma are all excellent in this area.

If you need to use a particular technical indicator for your trading strategy, make sure that any platform under consideration includes this indicator. Automated trading software operates according to a pre-defined trade plan or algorithm without the need for manual intervention. They also sometimes go by the name of Expert Advisors or EAs and often run as such on the popular MetaTrader4 trading platform. The so-called forex trading robots available on the commercial forex market generally fall into this category, as do personalized trade plans that traders program or have programmed themselves.

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