Recommendations for Algorithmic Trading

Our key product and services recommendations for successful algo trading

Be under no illusions, successful algo trading is a difficult endeavour with many challenges. Without the right tools and services it is, in our view, close to impossible. Here are a few of the products and services that we feel are important for success, with some recommendations based on the tools we choose to use ouselves at Trade Like A Machine.

Choosing the right broker

Not all brokers are equal. Choosing the right one is absolutely key to success. A broker with goals alighed to the goals of the trader, and that isn't purely focussed on generating revenue from traders is essential. Surprisingly, brokers that meet this criteria are rare.

The broker that we use for our own algo trading execution, and would whole-heartedly recommend is Darwinex. But do your homework and find a broker that you are comfortable with.

Quality Historical Price Data

Historical price data provided by your broker is rarely good enough for backtesting and optimization purposes. You will need to source quality data from elsewhere, if you want reliable backtests you can trust.

We obtain our data from Tick Data Suite and again would highly recommend this as the best data source for use with MetaTrader. Get tick data with real spreads easily, with a convenient integrated download manager.

The right training

Whether or not you buy training is of course a personal choice. But the right training will significantly reduce the time to become profitable, and also help you avoid many costly pitfalls.

Do your research and find a training partner that suits your needs. We highly recommend that you choose a training provider that trades themselves and has a verifiable track record they are willing to share with you. You might want to take a look at our own training offering.

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About Us

Extracting alpha from financial markets driven by Artificial Intelligence.

Specialists in algorithmic trading for over a decade, 'Trade Like A Machine' now uses trading strategies that are 100% underpinned by Machine Learning models, helping to deliver greater edge and underpin future success.

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