Forex Robots
It's a software system written in many advanced algorithms (instructions) to accomplish their task. They predict the correct momentum of currency pairs and open and close the positions automatically with profit. Forex robots can handle multiple task at a time which is impossible for a human. A forex trader can't work on all time frames , all technical indicators, all trend lines and all past currency pair data in a particular time. But forex robots do it very well and that's why they makes profit for forex trader.
How Forex Robots Works
As forex robots are a set of instructions and every instruction are tightly bound with the mathematical formula. I clear it with taking a simple mathematical equation. (X+Y)/Z = T and now suppose X, Y And Z are the Moving average data of 15 min, 30 min and 1 hour respectively at a given time. Here T is Trend for particular currency. Forex robots collect these data and apply them on mathematical formula to predict the trend. They do work on lot of complex mathematical equations and predict exact currency movement in a fraction of second. Humans can't do it same as robot because we can't collect all data and apply them on lot of equations in a very short time.
Why Forex Robots Fail
It is the most painful truth even forex robots do excellent work but in some situations they fails. In Fact this failure not a robot fault. Actually they execute every instruction properly. They perform well but only technically and not designed or programmed for fundamental aspects of the currency movement. That's why no one forex robot is 100% perfect.
It is impossible to make a such a robot that work on fundamental strategy. Fundamental situations are human oriented and robots can't think like human. Any financial crises is a fundamental factor and robots can't predicts them.
How To Use Forex Robot To Make Profit
Now it is clear that forex robots work technically no fundamental. And to fill this gap a forex trader must have to follow these instruction. You have only decide when switch On & Off the forex robot.
- Avoid Long term positions and make trade in short time frames 15 min, 30 min and 1 hour is the best time frames. Because any fundamental factor not affects the market sudden.
- Don't enter in volatile market conditions. Just wait for normal market condition
- Avoid big lot positions.
Conclusion
A forex robot is very best tool to make profit from forex market but only when if they are used in a smart way. Many forex traders knows that how to control forex robot and they make lot of money and other side many traders fail to do it. If you can operate well, forex robots do well for you.
Popular Forex Robots
