Revolutionizing Forex Trading: Harnessing AI for Seamless Market Automation

Raswanth S S; Roshan M; Sanjit S; Dr. Suresh P

doi:10.47392/IRJAEH.2024.0178

Authors

Raswanth S S Student, KPR Institute of Engineering and Technology, Avinashi, Coimbatore Road, Arasur, Uthupalayam, Tamil Nadu, India. Author
Roshan M Student, KPR Institute of Engineering and Technology, Avinashi, Coimbatore Road, Arasur, Uthupalayam, Tamil Nadu, India. Author
Sanjit S Student, KPR Institute of Engineering and Technology, Avinashi, Coimbatore Road, Arasur, Uthupalayam, Tamil Nadu, India. Author
Dr. Suresh P Associate Professor, KPR Institute of Engineering and Technology, Avinashi - Coimbatore Road, Arasur, Uthupalayam, Tamil Nadu, India. Author

DOI:

https://doi.org/10.47392/IRJAEH.2024.0178

Keywords:

Forex trading, Expert adviser, Automated trading, Artificial intelligence, Algorithmic trading

Abstract

The article explores the integration of AI and automated trading in the Forex market, focusing on the development of a custom Expert Advisor using FXDreema. To improve trading success, the approach includes a custom indicator and a martingale mechanism for hedging. Backtesting results show clear trade opportunities and substantial profits. Iterative testing procedures are highlighted while discussing optimization and integration challenges. The significance of automated trading methods and the part FXDreema plays in democratizing the creation of expert advisors are emphasized in the references. The potential for consistent profitability and future optimization tactics of the Expert Advisor are emphasized in the conclusion.