Not so long ago, trading was considered the destiny of selected experts, spending all their free time studying the market and creating intricate trading strategies. It is really not so simple to speculate with currency or stock assets. We will have to master the fundamental and technical analysis, as well as constantly identify patterns of price movement of financial instruments. However, today traders received invaluable assistance in the form of Expert Advisor. The introduction of trading utilities greatly simplified the task for investors and freed up a lot of time for relaxation. This time I will tell you about the benefits that a player can get using an automatic robot.
The main parameters that include all EA advisors
Expert Advisor is a special program based on embedded algorithms. All operations prescribed in the algorithm of this software are performed mainly on the H1 timeframe. The utility is based on the principle of action of neural networks, which act as a specific memory bank. This is how the system captures all working combinations that have previously confirmed market efficiency.
Due to this function, the program selects the most profitable positions for its owner, which can significantly increase the trader's deposit. But do not forget that speculation in market assets is always associated with high risk. Forex is famous for the volatility and unpredictability of trends.
The price of the instrument can easily turn around or jump sharply where no one expects such a movement. And the neural network is not a universal panacea for the drawdown of capital. In order for your trading robot to adapt to such situations and be able to correctly respond to any surprise from the selected asset, its algorithm requires regular updates.
The assistant must be able to predict the course of the currency and make money practically out of the blue, where a live trader will simply miss the moment to grab a solid jackpot. If you are not lazy and regularly make adjustments to the trading strategies of the software, all EA Advisers become a real gold mine for their owners.
Automated experts have the following set of common characteristics:
- the essence of the underlying strategy is to focus on trend movement;
- The adviser works with all timeframes, but it’s considered the most relevant one;
- determination and installation of stop loss occurs in automatic mode (in the settings you can specify the maximum allowable level);
- position opening time averages from 1 to several hours;
- the program automatically calculates the amount of the minimum depot, based on the number of orders and type of account;
- round-the-clock work without time and type of assets;
- The need for regular optimization (1 time per year).
The principle of work of a trading adviser
All advisors are recognized as unique programs because of the applied neural network technology. Since the software collects and analyzes data, adapting to the external market environment, it can be argued that the program does not have a specific strategy, but acts like a living person.
The robot constantly studies the market and looks for matches with profitable entry points that once worked well. In fact, the assistant adjusts the existing algorithm to the desired parameters and acts on the situation. Doesn't a good trader work like that? The main difference between an investor and software is the speed of data acquisition. The robot copes with this problem much faster.
All advisors have one definite minus. If their "stuffing" is not adjusted from time to time in accordance with the market, the information begins to slowly but surely become outdated. The result will be incorrect decisions, losing trades and zeroing the balance of the deposit. Therefore, it is useless to test the effectiveness of the robot on old quotes in the archive.
Most likely, the utility will begin to give incorrect signals, and traders will not be able to competently evaluate the success of their assistant and its trading algorithm. To adjust the settings, experienced players recommend conducting several tests at once under the same schedule.
We can say that the program always acts according to a change in the price of an asset. The software seeks out the most profitable moment to enter the market so that the resulting profit is the most possible in the current conditions. therefore EA Advisers valued, first of all, not for the number of operations, but for their quality.
Another significant advantage of trading robots that I can’t get past is the automatic setting of the stop loss bar. Immediately after filing an application for an order, the assistant fixes the maximum drawdown level at which it is better to close the deal without waiting for the worst result. The bar can be adjusted depending on the direction of the trend.
Automated trading robots take financial speculation to a whole new level. From now on, the possibilities of the owners of such advisers are practically unlimited. With proper use of the utility and timely updating of its algorithm, the trader’s income will increase significantly, and the time spent on market research will be minimized.
Advisers do not rely on banal luck, but rely solely on cold mathematical calculation in their actions. As one of the most striking examples, I can cite various netizens. If we consider this technology in general terms, then advisers are the best option for successful trading. There is, however, one small minus, which consists in strong pressure on the trader's deposit.
Mathematical robots include all utilities that use trading indicators in their work. All these tools are tied to the analysis of the asset value chart and apply strict calculation methods. The most popular software is considered using a neural network. These are self-taught programs that are constantly self-improving without human intervention.
Abi Robot as one of EA's Top EA Advisers
The choice of automatic programs today is very diverse. With their help, players improve their skills and increase deposits with minimal temporary losses. One of the most popular trading robots is rightfully recognized Advisor Abi.
Abi has a customizable automatic trading mode and is able to self-learn, adapting to the situation in the modern currency market. The adviser works with almost any Forex asset that has sufficient volatility and is able to bring profit to its owner.
Abi is distinguished by a large number of positive reviews from regular customers. Traders note its high efficiency and real profitability. In order for the robot to continue to meet the established revenue levels, it needs to give a tip from time to time in a certain direction. Here is a list of the main features that distinguish Abi from its closest competitors:
- available minimum deposit amount (only $ 250);
- works at the terminal of a brokerage firm;
- stop loss is set automatically;
- It is recommended to adjust internal settings and optimize trading algorithms every three months;
- the robot only works with a broker suitable for synchronization;
- convenient for working with those currency pairs where the American dollar is present.
In order for Abi to continue to please you with profitable deals, his built-in algorithm needs to be optimized when the deposit drawdown starts touching the 10% bar. After adjusting the parameters, the program immediately becomes available for work.
Skillful EA Advisor Trader Autocrypto-bot
Not all EA Advisers They boast a level of safety performance like this robot. Such a combination is not so common in the modern market, especially considering the number of test versions of programs.
If most advisers are effective only in short and medium time frames, then Autocrypto-bot Advisor perfectly copes with any task. In fact, this robot is a unique representative of universal mechanical assistants. It allows its customers to earn money automatically and has high transaction efficiency. The most profitable, according to traders, are operations performed with a currency pair in which there are American and Canadian dollars.
Autocrypto-bot shows excellent results through fast and accurate market entry.
And this is evidenced not only by the words of the project developers themselves. The robot has a huge number of fans, leaving enthusiastic reviews on the Internet. Separately, I note that Autocrypto-bot does not constantly trade. He monitors the market situation, monitors the movement of the price of the asset and makes transactions only if the risk meets the expectations of the client.
How to become the owner of a quality trading advisor
You can write the program yourself or choose on the Internet. The first option is one of the most difficult. As a rule, such a task is only possible for a high-class specialist who has experience in trading and knowledge in the IT industry. The second method is more relevant for most market participants. So that the result of the selection does not disappoint, you need to consider several important points:
- Competent money management. If the assistant does not take into account the basics of money management, then the trader is ensured that the deposit is drained as soon as possible.
- The incorporated strategy. This is the working base of each adviser. An ill-conceived or unworked algorithm will simply prove to be ineffective.
- Versatility in assets. For the robot client to have a choice in financial instruments, the utility must have multi-currency. Moreover, each pair will need a separate trading strategy, since the trend of the asset is unique in its own way. In the case when the program will work with all currencies equally, a loss is inevitable.
If you still doubt the effectiveness of this method of earning on Forex, Register on the site of any of the robots that I voiced and make sure the profitability of the automatic adviser. Trading experts are great helpers for both beginners and experienced foreign exchange investors. After several transactions made in the automatically configured mode, and you will no longer want to return to the usual trading method.