What is automated trading?

[FXOpen Trader]

Automated trading has its pros and cons. I came across this robot and it looks interesting - https://fxmerge.com/strategies-results/51/ea-profiter .
Is anyone else using it? As I was considering using it and since I am still not sure how it works exactly it would be nice to get your feedback.

If we are actually doing our trades in the Automatic modes then we will need to use some Reliable based Expert Advisers.

[csaroboll]

I am sure that bots will never cope with stock market analysis better than a competent broker. Experience and intuition are things that are not available to a computer program. I am very successful in trading futures on https://www.CanadianFuturesTrader.ca/deal. And I have noticed more than once that some traders are lazy and activate bots. They lose a lot of money this way. However, I don't mind it. This makes it easy for me to earn an extra thousand. But those who want to make money on the stock market should still study economics and do it themselves.

[Katrina]

Automated forex trading software runs on a program that analyzes currency price charts and other market activity over multiple time frames. The software identifies signals - including spread differences, price trends, and news that may affect the market - to locate potentially profitable currency pair trades.

[Foget]

Automated forex trading software runs on a program that analyzes currency price charts and other market activity over multiple time frames. The software identifies signals - including spread differences, price trends, and news that may affect the market - to locate potentially profitable currency pair trades.

What is this program? Where to download, where to test. Will it work on the ForexChief terminal?

[Katrina]

For currency speculators who trade not based on interest rates but on currency spreads, automated software can be very effective because the price difference is immediately apparent and the trading system reads the information and executes the trade.

[Foget]

For some trading robots, low spread is very important. I myself did an experiment as it. Opened the invoice for some companies and put a trading robot. Watched where there will be better results. As a result of 3 companies, the best was in Forex Chief

[Katrina]

Automated forex trading is an algorithm-based, hands-off approach to trading. An automated trader is a computer program that analyzes price patterns, decides whether to buy or sell, and execute trades. Institutional traders have been using algorithmic trading for some time.

[Foget]

Now, many private traders use trading robots. For ForexChief is not bad trading robots work. But I'm still trading only myself, hands

[Katrina]

Automated trading is a method of participating in financial markets through the use of programs that enforce pre-set rules for entering and exiting trades. As a trader, you combine comprehensive technical analysis with setting parameters for your positions, such as opening orders, trailing stops and guaranteed stops.

[Foget]

Yes. By the way, it is sometimes very difficult to find a forex broker for trading sales advisors. Trade advisors are very sensitive to trade conditions. I know that sales advisors work well on Forexchief. But I am usually trading myself.