For both beginning and experienced traders, automated forex trading is one way to invest in the forex market. The automated application is programmed to do just this. While this may sound too good to be true, it is actually a very real and forex automated trading robot expert advisor fidelity profitable way to trade the forex market.
The main advantage of this method of trading is that one can make profits on autopilot! A trader no longer needs to spend a bunch of time in front of his screen. Unlike traders, these systems are not influenced by emotions. Robots don’t lose their cool, they don’t cut a position prematurely and they will take losses as defined by the strategy. They don’t cling to a losing position in hopes of a market reversal. They trade the strategy exactly as it is defined and nothing else.
Automated trading operates continuously, day and night. This increases the number of potentially profitable opportunities that can be taken advantage of. How does one go about trading with a robot? An Expert Advisor is a sort of program that can be configured on the MT4 platform to automatically execute a predefined trading strategy. A trader simply needs to install and configure the Expert Advisor on his or her trading account so that the strategy is automatically executed. Installation instructions are included with each EA, and the installation process usually doesn’t take more than 5 minutes.
Is it easy to make money with an EA? As with any form of trading, some strategies will perform better than others. A robot can win for a certain period of time and then lose. Traders should therefore spend a minimum amount of time monitoring the robot and possibly change some parameters according to market conditions. Test your automatic trading systems on a demo account first! Note: past performance is not neccessarily indicative of future performance! Here are a few EAs that have proven to be quite profitable.
Their track records can be verified on an independent analysis site such as Myfxbook. Nevertheless, past results are not necessarily indicative of future performances. If you don’t know MQL4 programming language and you want to automate a trading strategy, there are several solutions. Call a professional programmer or use software that allows you to develop an EA without any programming knowledge. Here are two tutorials to help you learn how to test and optimize an MT4 Expert Advisor.