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22 Jun

What is Forex Robot (Forex Expert Advisor)?

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Forex Robot (called also Forex Expert Advisor) is an automated trading software. Forex robots allow you to trade automatically on the popular Forex market (currency exchange market). Forex robots (expert advisors) are very popular among forex traders because they give them a freedom – forex robots can trade 24 hours per day and 5 days a week - the forex market is open from Monday till Friday.

Forex robots are very easy for installation and configuration. Most of the forex robots are developed for one of the most popular trading platforms MT4 (MetaTrader 4). MT4 trading platform is developed by MetaQuotes company. It is a very useful tool for trading on the Forex Market. Each MT4 terminal must be connected with forex broker to get the latest quotes. All brokers offer MT4 terminal pre-configured to work with their servers. You can open a demo account for free with any broker and then to download the MT4 terminal. You can test any forex robot on these demo accounts with virtual money.

The main task of forex robot is to monitor the market, to analyze multiple data from the market and forex indicators and when there is a good opportunity to buy or sell automatically currencies or other instruments. Forex robots/expert advisors also automatically manage their own trades without need of manual human interventions. They are able to close any trade on profit or loss depending on the market situation. All of these make them extremely preferred for trading currencies.

Forex robots don’t have emotions, fears and hesitation! The decision to open a trade is taken on the basis of complex calculations. This eliminates the mistakes to 0%. This is another good reason why forex robots are so preferred by forex traders.

Each forex robot can be configured precisely. There are settings for all important parameters. Each of these settings can be changed and adapted by the users. This way the robots can be adapted to cover all users' expectations and needs. For example, such settings are:

  • Money Management settings
  • Taker Profit settings
  • Stop Loss settings


And many other useful settings.

MT4 terminal allows any forex robot to be tested with historical data. This is extremely useful because it lets developers to improve their robots, to find weaknesses, to correct problems and to adding functionalities. The ability to test the forex robots is also useful for traders. They can easily find whether a forex robot shows good results for the last 15 years or 5 years and so on.

Here are several popular forex robots (expert advisors) which are developed by our team:
 


Each of these forex robots is developed and tested precisely before to be published on the market. Their trading strategies are based on the most popular and proved trading techniques.

 

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Disclaimer U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

By using FXAutomater's products, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.