Auto Forex Trading
Trading in the Forex currency market can be either manual or fully automatic. The possibility of automatic trading appeared relatively recently, with the development of the well-known trading platform Meta Trader 4, and in particular with the development of the Mql4 programming language. The concept of auto Forex trading implies fully automatic trading, which boils down to control over the work of an adviser. The Meta Editor terminal editor will allow you to fully automate the trade using a simple language that everyone can easily master.
Advisors can fully or partially automate the actions of the trader. The advisor may ask the trader for confirmation before opening the position. And it can open and close deals absolutely independently. In addition, the development environment called Meta Editor allows you to create scripts on your own. There is a huge variety of various scripts, with their help, for example, you can open multiple SELL orders with a single click of a mouse with a certain volume. Or close all profitable orders, but at the same time keep all unprofitable open, giving them a chance to go into a plus.
With the help of scripts, advisers and indicators of auto Forex trading is available even to a person who is far from the foreign exchange market. A small problem is that some brokers are against automatic trading, so when choosing a dealing center, you need to find out this issue. Even supporters of manual trading use indicators and advisers, which facilitate the process of trade and take on the performance of routine duties. You can write scripts yourself, but if you do not have the necessary knowledge, then you can use the ready-made options.
Advisors have long proven their right to exist, they are actively used by the vast majority of traders. The undoubted advantage of automatic trading is the lack of the need to trade independently. With all the duties an advisor will manage, and you can only control his work. Also, the fact that you can trade in parallel with the adviser makes you happy, thereby increasing efficiency and increasing profits. But it is worth remembering that even proven and effective advisers sometimes give a drawdown.