Currently, on the basis of mathematical algorithms, developed programs, fully or partially able to replace the person in the trade in the foreign exchange market. Such programs are called — auto Forex advisors.
The expert Advisor, which has certain parameters, allows you to trade on the Forex exchange without the participation of a trader. Today there are about a hundred profitable advisors. In order to use the program assistant does not require skills in mathematical and economic analysis, simply install it on your computer. With the help of the expert Advisor, you can easily automate the trading process, but you should not forget that it is intended only to help the trader, freeing him from constant monitoring of what is happening on the computer monitor.
Auto Advisor independently monitors the changing trends in the market at a certain time, considers and compares various factors when trading, opens and closes deals. Each EA has a certain algorithm of transactions. A trader, before buying an assistant, must study the strategy inherent in it and always remember that only a person can make a final decision about the profitability of a particular transaction. You should have your own trading strategy and expert advisors should be an auxiliary tool, otherwise your trading will be doomed.
To increase the lot after any losing trades you have configured the EA based on Martingale. Auto advisors of this type are classified as the most risky. Multi-currency expert advisors work simultaneously on many currency pairs. This is impossible for an ordinary person. Scalper algorithm is configured to conduct a huge number of transactions. They guarantee that the trader will receive several points in one trade. Trend advisors are set to trade on the trend, and combined can simultaneously trade on the trend and scalping. Sometimes combined auto advisors include multi-currency. Advisors of this type are especially popular.
Auto Forex advisors must meet certain requirements. This is primarily a small number of false signals, as well as a high speed indication. Expert Advisor programs do not carry an emotional burden during trading and do not make hasty decisions unlike the trader. But it should always be remembered that this is just a computer program, devoid of the ability to think like a person.
Forex advisors are developed by a team of professionals, which includes programmers, economists, traders with extensive trading experience. The task of the auto Forex expert Advisor is to save and increase the trader’s Deposit. For the EA to work well, you need to set the settings. At the same time, a person can completely switch trading to automatic mode or set the EA to signal, so that it plays the role of an indicator for a trader. Any auto Forex expert Advisor is tested on a secure demo account. Running the program for a month allows it to optimally adjust and adapt to the needs of the person.
Forex advisors such as martingale, moving Average expert Advisor, and others have long been known and actively help traders in making profits. They act according to the parameters set by the trader. A Forex robot , for example, is not just an expert Advisor, but an artificial intelligence. When properly entered settings that fully take into account the characteristics of the market, it receives for its owner a constant profit.
Many traders set up their auto Advisor so that it would be convenient to work with it, taking into account the possible risks.