Getting Started with Automated Trading: Synthetic Indices, Gold, US Indices, and Bitcoin

A beginner's guide to investing with an Expert Advisor (EA) that trades synthetic indices from Deriv and assets like gold, US indices, and Bitcoin from Exness.

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Nazeh Abel
November 26, 20244 min read
TradingInvestingBeginners

Getting Started with Automated Trading

Welcome to your comprehensive guide on how to start investing with our Expert Advisor (EA) that trades a variety of financial instruments. Whether you're new to trading or looking to diversify your investment portfolio, this guide will help you understand:

  • Synthetic Indices from Deriv (Volatility 75, Volatility 50 (1s), and Volatility 25)
  • Gold, US Indices (US30, US100), and Bitcoin from Exness

Why Invest with an Expert Advisor?

An Expert Advisor (EA) is a software application that automatically trades on your behalf based on predefined strategies. Here's why investing with an EA can be beneficial:

  • Automated Trading: Eliminates emotional decision-making and operates 24/7.
  • Expert Strategies: Utilizes tested trading strategies to maximize potential returns.
  • Diverse Portfolio: Trades multiple assets, spreading risk across different markets.
  • Beginner-Friendly: No prior trading experience required to get started.

Understanding the Financial Instruments

Synthetic Indices from Deriv

Synthetic indices are simulated markets that mimic real-world market volatility without being affected by real-world events like economic news or natural disasters.

Volatility 75 Index

  • What It Is: Represents market volatility at 75%—a high volatility index.
  • Why Trade It: Offers significant trading opportunities due to frequent price movements.

Volatility 50 (1s) Index

  • What It Is: A synthetic index with 50% volatility, updated every second.
  • Why Trade It: Ideal for short-term trading strategies and quick market entries and exits.

Volatility 25 Index

  • What It Is: Represents market volatility at 25%—a lower volatility index.
  • Why Trade It: Suitable for conservative trading strategies with less risk.

Assets from Exness

Exness is a reputable broker offering access to various global markets.

Gold (XAU/USD)

  • What It Is: Trading the price of gold against the US dollar.
  • Why Trade It: Gold is a safe-haven asset, often used to hedge against market volatility.

US Indices (US30, US100)

  • What They Are:
    • US30: Represents 30 large, publicly-owned companies based in the United States.
    • US100: Comprises 100 of the largest non-financial companies listed on the Nasdaq.
  • Why Trade Them: Provides exposure to the US stock market's performance.

Bitcoin (BTC/USD)

  • What It Is: Trading Bitcoin against the US dollar.
  • Why Trade It: Bitcoin is a highly volatile cryptocurrency, offering substantial trading opportunities.

How Our EA Trades These Instruments

Our EA employs advanced trading algorithms to analyze market conditions and execute trades efficiently.

  • Market Analysis: Uses technical indicators to identify trading opportunities.
  • Risk Management: Implements stop-loss and take-profit levels to manage risk.
  • Diversification: Trades multiple instruments to spread risk and capitalize on different market conditions.
  • 24/7 Operation: Continuously monitors markets, ensuring no opportunity is missed.

Getting Started

Step 1: Open Accounts with Deriv and Exness

You'll need trading accounts with both Deriv and Exness to allow the EA to trade on your behalf.

Step 2: Fund Your Accounts

  • Deposit Funds: Add the amount you wish to invest into your trading accounts.
  • Minimum Investment: Ensure you meet the minimum investment required for the EA to operate effectively.

Step 3: Install the Trading Platforms

  • Deriv Platform: Download and install Deriv's trading platform.
  • MetaTrader 4/5 for Exness: Download and install MetaTrader 4 or 5 from Exness.

Step 4: Set Up the EA

  • Receive the EA: We'll provide you with the EA file compatible with both platforms.
  • Installation Guide: Follow our step-by-step installation guide to set up the EA on your platforms.

Step 5: Configure Settings

  • Adjust Parameters: Set your risk tolerance, trade sizes, and other preferences.
  • Activate the EA: Turn on the EA to start automated trading.

Risks and Considerations

  • Market Risk: All trading involves risk. Only invest money you can afford to lose.
  • Technical Issues: Ensure a stable internet connection to prevent disruptions.
  • Broker Terms: Familiarize yourself with the terms and conditions of Deriv and Exness.

Support and Resources

  • Customer Support: Contact us for any assistance with setup or troubleshooting.
  • Educational Materials: Access our library of resources to learn more about trading and investing.
  • Updates: Stay informed about any updates to the EA or trading strategies.

Conclusion

Investing with our EA offers a hands-off approach to participating in various financial markets. By trading synthetic indices, gold, US indices, and Bitcoin, you can diversify your investment portfolio and potentially increase your returns.


Disclaimer: Trading financial instruments involves risk. Past performance is not indicative of future results. This guide is for informational purposes only and does not constitute financial advice.

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Nazeh Abel

Writer passionate about technology and sharing knowledge.