Advisers Forex – the principle of work, pluses, minuses

Advisers Forex – the principle of work, pluses, minuses

Forex by the adviser call the automated system of trade in the foreign exchange market. Other their name – robots. For creation of the adviser as a basis use manual system of trade which receives a type of algorithm. That is, from a certain working trade strategy take a set of rules and a condition at which these rules are most effective. Then all these data take a program form. 

For example, there is a certain manual strategy which means opening of positions every time through 50 points. On the basis of this algorithm any programmer will easily write an elementary applet adviser which will release to the trader plenty of time, opening transactions, even when he isn't about the trade terminal. 

Advisers have both a number of advantages, and a number of shortcomings. 

Pluses of use of advisers:

• There is no need to stay for hours about the monitor. The adviser will work even at night, without any participation of the trader. 

• Work with the adviser, unlike manual trade, demands presence at the trader of the most minimum knowledge in the field of trade in the foreign exchange market. Installation of the adviser and control of advisers rather simple procedure with which any person is able to deal independently. 

• Thanks to the fact that use of the adviser demands the minimum presence of the trader from the terminal – psychological problems of trade on Forex practically come to naught. The adviser, by the nature, has no emotional attachment to the transaction. 

Minuses of trade in the adviser:

• The most important shortcoming which is present at any computer program – existence of accurate algorithm of actions. But the market constantly changes and there are moments when the adviser is simply not able to react to these changes in time. Especially brightly it is observed when there are important news. While volatility of the market reads off scale, skilled traders prefer to refrain from trade, and the adviser both opened, and continues to open positions which, as a rule, are unprofitable. 

• The first minus, is continuation of the second. As in the market constantly there are big changes, programs written and making profit a few years ago in the presents time are absolutely irrelevant and useless. Most often their use leads to fast discharge of the deposit.