Before you start working on the financial exchange, you need to clearly define for yourself exactly how you want to make money on the volatility of the exchange rate. Use manual trading strategies and independently analyze the market, or put a trading robot in your terminal and just monitor the correctness of its actions.
In this article we will talk with you specifically about auto systems, which are called in the circles of professional traders as forex advisors... These are trading robots that allow you to completely save yourself from manual analysis of the current situation and the attendant opening and control of market orders. Before purchasing a forex robot, it is important to follow the rules described below, they will allow you to make the right decision when buying an expert.
Rules for choosing a forex advisor:
If you are just getting started in the Forex market, we advise you to choose micro brokers.
We have collected the best brokers for beginners in the rating.
1. Testing
Be sure to make sure that the EA has been tested successfully over a period of more than one year. Since most often, automatic tactics are based on certain probabilities of history, it is important to make sure in advance that these rules have worked for a long time. Although the best option would be to completely abandon the experts who base their analysis on indicators or classic strategies. Today, the most stable and profitable robots analyze the factors that directly affect the change in the rate of Forex quotes. One of the few advisors in this regard is r-profit v.8, the most reliable and efficient trading robot, still unparalleled.
2. Exchange tactics
Take a closer look at the stock analysis tactics incorporated into the "workhorse". It should be logical and understandable, so that you can perfectly understand what exactly your forex robot is doing. Not all developers are ready to share the rules of an effective strategy, but you should have a general idea of it. This is necessary for a possible adjustment of its activities in the event of possible surprises, a disconnection with the server, an increase in the spread on the transaction, etc.
3. Installation and technical support
An advisor for forex should feel great in the most popular currency terminal metatrader 4, in fact, it should be designed specifically for it. Installation should be simple and straightforward even for a beginner. It is good if the developers attach detailed instructions or a video clip in the archive showing how to correctly install an Expert Advisor into a trading program. The seller is also obliged to provide after-sales technical support to his clients, at least within a month after you purchase an automatic strategy.
4. Protection against failures
Make sure that the authors of the advisor have foreseen possible critical situations that can and periodically arise during constant work in the currency market.For example, a robot should not be afraid of disconnections, disconnection of the terminal or computer; after re-enabling it, it should find previously opened orders and continue to control them and lead them to their logical conclusion.
5. Product reviews
And of course, trust in the very resource through which you purchase a particular product is important. Look if they write about it in popular Internet publications, if there are any reviews from existing clients. Do site managers conduct public discussions, social communities, etc.
And remember that Forex trading includes not only a great opportunity to make good money, but it is also a very high-risk business. No guarantees can be given here whether the analysis system will work just as well in the future. And yet, your trading risks can be significantly reduced and even reduced to zero. By simply withdrawing the first hundred percent of the profit back to your account, from which you deposited your forex account. You can find more detailed information about the best financial robots on the Internet, for example at forex trader portal.