Ranking of brokers for trading robots
One of the advantages of online trading in the Forex market is the ability to fully automate it and carried out without human intervention. This is done with the help of special programs for the Metatrader 4 terminal - trading advisors (experts). But not all companies allow their customers to use the technology. On this page of the given rating of the best brokers for trading advisors.
The basis of the operation of any trade expert - a formalized trading strategy that is programmed in the built-in language MQL4 terminal. It provides automatic opening and closing of the market trades at the right time, according to the testimony of the technical indicators. There are three main types of advisors:
- Fully automated systems that replace human in the shopping process. They can work on their own for months, making decisions based on their inherent algorithms. The basic condition for their reliability is to have uninterrupted communication with the server brokerage company;
- Semi advisers, who can not independently carry out transactions. They signal to the trader that came the terms of trade, help in calculating the parameters of the deal, but the decision is made by the person;
- Program assistants for manual trade with no analytical capabilities. They are designed to automate routine processes in trade, such as the simultaneous opening of a large number of orders or modify Stop Loss on a specific algorithm.
The use of automated trading technology in the Forex market is very popular among traders. There is evidence that more than 65% of clients of brokerage firms use advisors, with half of them - completely independent program that avoids human intervention. The main advantages of trading robots:
- Lack of emotions and hard work on the scheme. In a decision affecting a person often fear, greed, insecurity, and more. The computer system is completely devoid of weaknesses and can not be in doubt;
- The rate of commission of computer trading significantly exceeds the capabilities of a person;
- Trading Advisor can work around the clock, including weekends and holidays, choosing the most advantageous time for transactions;
- To trade with the help of an expert does not require deep knowledge of the market, the whole logic of action initially incorporated in his program.
For normal automatic trading advisors requires that had made a number of conditions:
- We need a reliable communication advisor to the broker server. This is best done with the help of a dedicated virtual server (VDS), which is provided by many companies. VDS for automated trading are working around the clock and are provided with uninterrupted power supply;
- To trade with the help of expert required minimum spread, as most strategies automated trading - skalpingovye. They suggest the discovery of a large number of transactions in a short time;
- Intermediary company should not forbid their clients to use trading robots.
The novice trader should bear in mind that even the best automated trading system can prove to be unprofitable, under certain market conditions. Do not believe the myth that you can get a great and stable profit quite easily. Any activity in the financial markets is fraught with considerable risk.