Forex Expert Advisor – They All Do not Work?

Forex expert advisers or robots are computer programs designed to automate the process of trading the foreign exchange market. Forex robots are trained to trade on the basis of specific systems and strategies (which are a combination of rules and indicators the trader or the developer of the expert advisor is willing to base his trading decision upon if he were to trade manually).

Trading the market could be very tedious and challenging: You've got your rules for taking a buy or sell decision, and you are sitted there with your eyes glued to your computer watching the indicators to get the perfect setup, and that did not ' t happen for hours. So you decided to take a short break to stretch your limbs or take some tea in a short moment, but alas! you returned to find out you're late-you've just missed the entry point. Even when we catch the right moment, as rational animals, we sometimes yield to the tempation to bend the rules when the ride is not being smooth, but at the end of the day, you find out your emotion has just robbed you of the right decision.

In view of these traders began to turn to expert advisers or robots, as some will put it, to beat emotions, stess and waste of time. Today, there are as many expert advisers as there are systems and strategies. But the question is do they really solve our problems? I have tried a number of robots; some purchased from vendors, some taken from friends and some found in the…



Source by Taiwo Oluwadahunsola

Why Should You Use Forex Robots?

Forex robots might be a new entrant onto the scene for retail investors and traders, but investment and trading banks have been profiting from this sort of trade for many years. Robots or "expert advisers" are simply automated trading systems. Turn the computer on and with little training, the user can become a proficient trader of financial markets. In this specialized world, this sort of style is called "black box" trading and this is the kind of strategy employed by many of the world's largest and most successful banks and hedge funds.

Expert advisers crunch the numbers on many trading algorithms in different markets at super fast speed, generally on the lookout for repeatable price signals. The major benefit of this high power searching is that as the robot can both find and act on the signal itself. The price moves that the robot hunts out are generally smaller and shorter-term, much shorter than your average swing trader would be on the hunt for. This allows the to take small price movements out of the market (profits) quickly, ensuring that small but regular profits are made.

The generally uses some form of overbought / oversold indicator to generate its trade signals. It then acts on them quickly, quite often closing the trade when the momentum of the move wanes even slightly. This ensures that the trader is always on the same side as the anticipating short-term momentum of the market.

The most interesting thing is…



Source by Jeffrey Triganza

Forex Expert Advisor – They All Do not Work?

Forex expert advisers or robots are computer programs designed to automate the process of trading the foreign exchange market. Forex robots are trained to trade on the basis of specific systems and strategies (which are a combination of rules and indicators the trader or the developer of the expert advisor is willing to base his trading decision upon if he were to trade manually).

Trading the market could be very tedious and challenging: You've got your rules for taking a buy or sell decision, and you are sitted there with your eyes glued to your computer watching the indicators to get the perfect setup, and that did not ' t happen for hours. So you decided to take a short break to stretch your limbs or take some tea in a short moment, but alas! you returned to find out you're late-you've just missed the entry point. Even when we catch the right moment, as rational animals, we sometimes yield to the tempation to bend the rules when the ride is not being smooth, but at the end of the day, you find out your emotion has just robbed you of the right decision.

In view of these traders began to turn to expert advisers or robots, as some will put it, to beat emotions, stess and waste of time. Today, there are as many expert advisers as there are systems and strategies. But the question is do they really solve our problems? I have tried a number of robots; some purchased from vendors, some taken from friends and some found in the…



Source by Taiwo Oluwadahunsola

Forex Expert Advisors – Why Are They Becoming So Popular?

Forex expert advisers are basically trading programs or robots that will automatically place trades on your behalf using a complex preset algorithm. It's success obviously depends on it's programmer and the trading criteria they enter, but expert advisors can be highly profitable. So is this the reason why EA's have become so popular?

Well it's certainly a major reason why expert advisers have really taken off in recent years. Lots of people are drawn to trading because of the potential money that be made but the majority of these people quickly discover how difficult it is to come up with a trading system that consistently makes money. That's why so many turn to tried and tested expert advisers that can trade for them.

Banks and other financial institutions have been using trading programs and complex algorithms to trade the markets for many years but in recent years they have become available to the ordinary trader as well. This means that anyone can now start making profits from trading without actually needing to know very much about trading at all. You just set up the expert advisor to run on charting software such as MetaTrader4 via your broker, and watch it place trades on your behalf.

Of course it's not necessarily as easy as that because even the very best expert advisors lose money sometimes. Also just because a trading robot has been successful in the past, does not necessarily mean that it will continue to be…



Source by James Woolley