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Forex advisors
Forex advisors has expanded the Toolkit of the trader in recent years, and something from the category of fiction and became a reality for mainstream users. Neural networks, nonlinear mathematics and more beginning to find their place in Forex. To think that some of the company's trading advisors have become available to every trader. You probably guessed that this refers to the organization of MetaQuotes Software Corp

Its MetaTrader platform has provided an opportunity for everyone absolutely free to create trading algorithms that was called Forex advisors. In the last many synonyms, for example, bot, robot, PBX, and other options. They all mean the particular trading algorithm that is clothed in code. 

An example of EA:

Advisor Loker is a fully automated system that does not require trader intervention during trading.

Before considering the use of Forex expert advisors, I would like to mention a number of advantages over the person who was appreciated for many traders. The robot does not need sleep, and thus can work so long in a row as you need. He does not make mechanical errors that can prevent people, for example, accidentally opening a transaction at the lot, ten times more than planned. Bot no emotions, so he's not starting to worry about during the trade and accordingly will not make mistakes.

The trader may panic, he may seem to be unnecessary now to open the deal, although his trading system will beep otherwise. At the same time, a Forex expert Advisor coolly executes the algorithm instead of on guesses. Another advantage is the joint work of the strategy tester in the terminal with the robot.

With this combination, a trader can test his trading algorithm specified in the bot, for a sufficiently long history. Some speculators test their expert advisors on historical prices over 10-15 years. All these benefits can't be extra in the trade, because advisers have quickly caught on Forex.

An expert Forex trader

Sometimes, people do not trust the process of trading the car, but, nevertheless, uses it for testing their ideas. After all, having knowledge in programming you can easily create a trading robot. That it is tested on historical data to identify the max drawdown or some flaws in the strategy. Quickly changing the desired options, the trader gets an opportunity in a short period of time to objectively test their ideas.

It is necessary to mention the stereotypes associated with automated trading. If a trader found on the net Forex expert Advisor and that it is a merged account, it does not mean that all work is bad. You need to fully understand the entire trading system, which is embedded in the code of the bot. The second misconception that the EA over time will bring only losses.

You need to understand that any trading strategy over time loses relevance. At the same time, independent brand, it is manual or automatic. So, if embedded in the robot system will cease to be profitable, and in manual mode it will be profitable. Thirdly, that in order to trade with robots, you definitely need to know how to program. In fact it is not. Enough that the programmer wrote to the trader Advisor and showed that variables can be changed directly in the terminal to reconfigure the bot.

The situation with advisers

At the moment there are many bots in the public domain, but in order to use them successfully, not one of the algorithm only profitable in them, need the knowledge of the trader that he was able to move the machine, change settings, and perhaps more globally refined. All this is of great importance, as it is on the understanding of the algorithm, which is the heart of an expert Advisor depends on a person's ability in the future to cope with the robot.

Needless to say, most of the best trading accounts that are located on the sites of independent services monitoring that work Forex advisors, not the people. Professionals are becoming more confident in the trading process machines, believing that they are more objective in trading than most people.

In order to be able to create your bot, you must first find or develop a trading system and then be able to program to record all the information in the code. In some cases the speculators themselves do not know how to program and developing your trading system, transmit it to the programmers. Typically, these services are not very expensive.

In General, the price depends on the complexity, bulkiness of the system itself. Of course, if a trader decided that in the future will use only robots, it makes sense to learn programming, so that no one could depend in the process of creating an automatic system.

Category: Forex | Added by: (06.11.2017)
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