Autotrading Robot or commonly referred to with the term "Expert Advisor" (EA), is an electronic device that works on its own to explore the opportunities of open trade, open either sell or buy in the forex market. Robots are here not to physically. But a software to trade forex automatically. Without you doing Buy/Sell orders, the robot will work on its own for you.
Trading two ways: i.e. the own trading manually and trading with expert advisor (robot). Each has advantages and disadvantages.
While in manual trading itself we can follow the movement of the market. We can avoid larger losses, when a position is wrong and enlarge the advantage when the position is correct. Because the Forex market is very flexible and complex manual trading then it is very good. In this way, however, still has its disadvantages, namely on emotions, psychology and greed. The third thing that makes trader suffered a lot of losses (loss). To cope with the required flying hours is enough.
So the bottom line benefits of trading manual and robot lies in the accuracy of the indicators that we use to conduct transactions. If the indicators that we use proven profitable results are certainly nice. And conversely, if an indicator we use is not profitable results are certainly ugly.
While trading with robots have advantages, namely discipline. Whatever its condition when it was entering the criteria then it will be instantly executed without thinking anymore. However trading with robots that are very rigid, whereas the market is extremely flexible and complex. If a robot could profit by trading, I am very sure it will not be able to last a long time and be consistent.
Excess
- not too time-consuming. Just spend a little time on a weekly basis-for example, to search for and analyze a system of trading.
- forex analysis does not require in-depth and manuals, because your analysis is the performance of the individual trader/system/. Nevertheless the General knowledge about forex and analyze remains important. We recommend that you remain steeped in analysis at your leisure.
Weakness
- Less flexible, we cannot decide when to open transactions. So stay abreast of course. But there are several such systems on zulutrade we can decide to stop/close the transaction if it is not matched by trading more lucrative way. In addition it could also decide to stop/hold to the provider who we follow now.
- More expensive, due to the presence of the Commission/parts we have to pay to the provider/system signals except when wearing a personal trading robot.
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