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Sunday 18 December 2016

Expert advisor in forex trading | Auto Trading

Expert advisors are the things that make the forex trading easy, they automatically open and close the trades on your behalf, they see the market and then execute the trades on the basis of market condition. These are actually bots or you can say script, that follow some guide lines, some traders call it auto trading. 

Just like other robots, what they do? whatever you command them, they will follow it, but it has some problems, because they are designed for some conditions of market, they can not do anything, if the market moves against the script they follow, they do not have their own brain to understand the situation of market, they are best if the market is moving according to script and they will quickly execute the orders and then
FOREX ROBOT
close whether there is only a second difference between order opening and closing, but they will do it rapidly. While when you are doing this thing manually, then you will see a long slippage or error in the high fluctuation.

Some robots follow slow market and some follow fast market, some follow martingale, and some follow scalping, but none of the robot is available in market till today, who can understand the market situation and follow that strategy which gives complete profits without any loss. 

If you are a newbie, then I will recommend you, not to use forex robot, because it will need expert assistance, and if you do not know what to do in certain conditions of market, then you will lose your whole amount of money in forex market and then you will need to invest your own money again, if you want to continue your trade again.

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