Do you think robots can trade in Forex markets?
It is important to understand that buying an outside product a trader can not always rely on the fact that a software developer will come to assistance if an adviser starts glitching in trading.
What might be the reasons of glitches?
There may be plenty of causes for such kind behavior of an adviser.
In particular, it is well-known that before becoming available for traders, every adviser passes a test on the quote history.
But on the history one can see the behavior of this or that pair in the past and how the adviser was working, however nobody can say how it will work in the future if the behavior of the currency pair changes.
It is very complicated for the developer to take into account all the nuances the appearance which can not be excluded.
In this case you can face with a situation when an adviser works incorrectly with the trader’s deposit.
Adjusting the Adviser settings
Usually the developer adjusts the work of an adviser to the history of quotes which is available.
Sometimes it happens without relying on any rules just by trial and error.
But the quality of such kind of adjustment is unknown even for a developer.
Quite often a certain part from the history of the graphical layout is chosen and the work of the advisor is attached to it.
But if you study the history, it will be very difficult to find identical parts of the graph, thus it becomes clear that a test activity takes into consideration particular cases which took place in the past.
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Will EAs solve financial problems forever?
However, when a beginner in trading gets an adviser he or she hardly ever thinks about it because this purchase seems a complete solution of all financial issues and hopefully forever.
And at this moment there comes up a strategy question which a lot of traders prefer not to think about and do everything to avoid this awkward question.
Although having a creative approach to it and systematizing your work with the installed advisers tracking down on time those which glitch, loading those which work accurately and taking out of service advisers which do not work, the result will be much better.
It is worth highlighting once more that it is not easy to tackle this problem, you should learn to think and study a lot.
Another efficient way of applying an advisory is the automation of the decision-making according to the personal strategy.
This way of automation is considered as the most rational and correct one from the point of view of the closing gain.
In this case a trader relies on the efficiently working strategy with an understandable algorithm of work which is fully or partially realized with the help of an adviser.
An undeniable advantage of this decision regarding the automation of trading is that a trader completely realizes the working system of an adviser and can make alterations in its work at any time which is hardly possible with a purchased adviser as in most cases it is given as a black box.
Thus, making a conclusion to the conversation about advisors we would like to remind once more that money doesn’t grow on trees.
Everyone who wants to make money and increase the capital in Forex market should concentrate on permanent study and serious patient labour.
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