BEST FOREX ROBOT - Success at Auto-Trading

FOREX ROBOT

Introduction

Forex Trading Benefits

The Right Mindset

Forex Trading Benefits

Forex Robot Statistics - Part 1

Forex Trading Benefits

Forex Robot Statistics - Part 2

Forex Trading Benefits

Forex Robot Robustness

- What is a Forex Robot?

- Why use a Forex Robot?

- Key factor to look for in a   Forex robot

- Testing for Robustness

- Live VS Demo Testing

- What to look for in Broker

- Conclusion

forex robot

Forex Robot Drawdown Analysis - Part 1

forex robot

Forex Robot Drawdown Analysis - Part 2

forex robot

Drawdown Recovery

forex robot

The Emotions of Forex Robot Trading

Introduction

A Forex robot is computer software developed by Forex traders that will make Forex trades for you automatically. This software may also be called an Expert Advisor (EA) or MetaTrader robot, and it is programmed based on various Forex trading strategies. Forex robots will interact directly with your Forex platform, such as MetaTrader 4, and will execute all your trades from entry to exit. A Forex robot allows currency traders to make trades even if they have no prior investment experience. Forex robots also allow traders to participate in the currency market with very little time commitment.

One benefit of Forex robots is that they take human emotion out of the picture by trading only on price action rather than human emotions. By removing the psychological element, Forex robot trading offers a less biased method of trading. Based on underlying trading strategies, a Forex robot uses algorithms that examine a wide variety of daily, weekly and long-term trends in the Forex market.

An Expert Advisor's settings are often customizable, giving the trader the ability to fine tune its behavior based on preferences. EA's are loaded into your MetaTrader platform and then applied to the currency pair of your choice. From there the MetaTrader EA will make trades for you as long as your computer is on and your MetaTrader platform is open and active. A trader can be asleep in bed while the Forex robot is busy making trades. This is a great option for a busy individual lacking the time to trade Forex.

The Right Mindset