Facts About Forex Robots - What You Need To Know

A forex robot is a computer program designed to perform actions of Forex trading as the purchase or sale of a trading platform without operator intervention orders . In other words, they are programmed to carry out the actions of an operator would manually .

Forex robot nickname was derived attributes or information of a robot is in the treatment of the human task , otherwise you are technically known as expert advisors .

Computer programs are written in special programming languages ​​like MQL , C + + , C #, Java scripts , etc. A Forex robot program usually after the main functions in it:

financial Functions
math
statistical functions
logic Functions
Time functions
Combined functions ( for example , the combination of indicators to form a complex or simple indicator )

Complex functions and other code libraries .

These functions are written in the programming language management scheme . Therefore, if you want to design a Forex robot is necessary to understand the programming language . However, there is some development of special robot Forex software that allows any trader to design a forex robot without the knowledge of any programming language . Forex Expert Advisor EA recommend software development StrategyQuant Wizard.

FACTS Expert Advisors ( forex robots )

EA is a fully automated tool or semi - automated open to change.

Expert Advisor is a tool, no matter , it is not exaggeration or advertised on sites with slogans such as "relax while the EA makes money for you ", "no work", " no experience n ' necessary' or image operator relaxing on the beach , in the town , etc. This is not entirely true .

This is not a license to print money as shown in some ads . The forex market is dynamic , so there are ups and downs.

Are you a dealer does not sustainable .

Expert Advisors should be updated from time to time due to market dynamics . That's why some EA goes well for a few months or years later and fail suddenly . Should be checked more frequently.

Must have a balanced knowledge of technical and fundamental analysis . More technical analysis knowledge is an added advantage if you want to design effective environmental assessment .

You must have a trading strategy to develop an environmental assessment . You also need a bit of experience with the market.

You do not need to be an experienced computer programmer to design a good EA , but should be a good trader with experience and develop a profitable EA .

EA are very good at handling emotions , fear , accuracy , speed , greed , money management , so much better than the best psychic man . But are the worst emotional judgment ( some decisions require a level of emotion) .

EAS on the principle of waste residues . This means that their performance depends on what the program in it.

The Forex market is yet to get an EA with 100% overall performance . If you know of any, please let us know .

90% modeling quality tick data is less to decide on a proven environmental assessment .

These are some of the facts about expert advisors . We recommend that you do your homework before buying any EA .

Forex Trading has great potential for success and at the same time, the high potential of losing money. Success in Forex requires the best resources and expertise , providing FXTradeCity .

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