The basic idea is to build strategies (or algorithms) based one one or more technical indicators, price activity and your money management rules. Tradeworks will then subsequently monitor the market for you and send instructions to open or close positions with your broker or bank on your behalf IF the market-conditions meet your rules.

For example, you can design a simple strategy where you open a EURUSD position when a fast moving average (MA) crosses a slower MA and setting your target take profit at 50 pips.

Of course, your strategy can be far more complex and feature several different technical indicators and elaborate sets of rules that are interdependent. To help you understand the general strategy design, we recommend that you take a look at our featured template strategies which are found in all Tradeworks accounts.