What are Experts and Trading Robots?
Expert Forex / Robot Trader is used to automate and automate trades, in other words, Expert Forex / Robot Trader is a tool to automate your trades based on your personal strategy. With this tool, you will no longer need to constantly monitor prices. Experts can not only tell the trader the trading opportunities, but they can even trade for us automatically and operate according to predefined orders in this market!
What are the advantages and disadvantages of expert and trading robots?
Disadvantages: It should be noted that experts do not answer the same in all markets, that is, if an expert succeeds in EURUSD and achieves positive results, there is no reason for it to work well in GBPUSD – also when it comes to expertise because of intelligence. And human understanding is not news, and emotions are not involved, and it is a little difficult for traders to accept. Experts do not understand what they are doing, but we are the ones who tell them what to do with our strategy.
Benefits of using Experts: Experts do not worry about your capital and never experience stress in trading – Experts never covet to make more profit – Experts never get tired and trade 24 hours a day – Experts can share your experiences Consider the form of software programs when trading – Experts can be resistant to transient market noise (in addition to the price chart, the time parameter is also used in programming, and if the slope of the price chart was too steep As noise) – rest assured that we can transfer our experience and intelligence to the expert to make successful trades for us 24 hours a day, otherwise such a thing would certainly not have been invented. – Tips to use to use expertise – Experts are created based on a strategy, so it is necessary that we should not involve emotions to use an expert, we should not involve emotions in the use of expertise. For example, to close the position manually or to activate the expert when and not to activate it.
If we believe in our expertise, we should not doubt that it works because usually people like to make a quick profit, so even if the expert does not work well for a while, there is no reason that the expert is weak. But the market is tense. Even people who trade manually sometimes lose money. Of course, this is about an expert we really believe in. Because if we have the best expert in the world but we do not believe in his work, we will still not make a profit. Because if there is no market for natural movements, the expert may not be able to do his job well, and then if we leave out the expert, it shows that we do not trust the expert. An expert is like a friend, so if we are a good friend to him, he will be with us in both hardships and joys, because we believe in him.
If one can turn one’s strategy into an expert and a trading robot, it will help a lot. Because this way he can find the flaws of his strategy and find out where the strategy is not working properly and it is harmful, and this will help him to be able to filter the signals of his strategy and reach the optimal state.