Good day to all!
This article is for everyone who has heard about trading with the help of advisers and is in search of an automated trading system and suspects that it is not so simple.
I think the time has come to step back a bit from manual trading and talk about automatic trading. For those who don’t know, automatic trading is, according to the generally accepted opinion, when you do not need to study and understand anything about the market, but you still get profit from it. In general, the dream of any beginner (and not only) a trader, if only for garlic.
In terms of the financial market, automated trading is carried out with the help of the so-called “advisers” – special programs for the trading terminal that make transactions using the algorithm specified within it. There are a great many advisers, but the essence of their algorithms can be summarized into several main categories that are easily understandable. Actually, this article was written about these very advisers. In it, I will analyze the most useful free advisers for Metatrader.
Instead of a preface
Before reviewing the advisers, I would like to indicate my personal opinion on this issue:
Before using anything in my trading at all, I highly recommend checking that it works in a tester or on a demo account.
Yes, on various sites on the Internet you will surely see beautiful% and profitability charts with advertisements for profitable advisers, and something deep inside you will stir and send a thought like “what if it’s true” to your mind, and this thought will make you very heat. Unfortunately, this is greed (not only yours, but we also are not without sin), which whispers the same thing to people who are losing the last money in slot machines (they have it in a more “developed” state). And the more willing a person is to listen to her, the more generally he will be in a more deplorable financial condition. Therefore, do not let her make you ignore common sense, because you will put these fx advisers on your real deposit. And in the event of his loss, that voice from the depths of your being will obviously not reimburse you for
Without understanding the mechanism that you use in your trading, you cannot be sure of success.
Here it is necessary to clarify: trade is not only profitable transactions but also unprofitable, which are emotionally less comfortable. There is also such a moment as “seriality of transactions.” If you have an established profitable trading strategy, and you understand in which periods it works better and in which worse, then you will be almost indifferent to a series of unprofitable transactions. The simplest example: you have a trending strategy based on 2 moving averages, and a “flat” has formed on the market in the moment. The profit-making mechanism here is as follows: during directional movements, we have more profitable trades, and during non-directional / side / flat movement, we have more unprofitable ones. If during a flat such a strategy produces a series of losing trades, you will be ready for this, because for this strategy this is a working moment. Now imagine what will you feel if you DO NOT KNOW what the trading algorithm is based on, and you have the 3rd transaction in a row closed at a loss … then the 4th … then the 5th … I will not open America if I say that a trader is likely to feel “some inconvenience.” And it is completely justified. The same inconvenience will be felt by a person when his engine suddenly stalls while driving for an unknown reason. He does not know how serious the breakdown is, so he is worried. Like a trader in that situation. The same inconvenience will be felt by a person when his engine suddenly stalls while driving for an unknown reason. He does not know how serious the breakdown is, so he is worried. Like a trader in that situation. The same inconvenience will be felt by a person when his engine suddenly stalls while driving for an unknown reason. He does not know how serious the breakdown is, so he is worried. Like a trader in that situation.
If you have a proven profitable trading strategy, and you understand in which periods it works better and in which worse, then even a series of loss-making deals will make you almost indifferent.
Therefore, simply as a recommendation: if you decide to try automated trading with the help of Forex trading advisors, then the right decision will be to use those robots whose working mechanism, at least in general, is clear to you. Do not fall for general phrases in the style of “the adviser is based on a super-profitable algorithm that instantly adapts to market changes and protects against sudden price spikes” or “the advisor algorithm is too complicated to describe, there are a lot of indicators, but it just perfectly chooses the time and place for deals. ” It’s the same as when buying a car, believe the seller that “the car is good, I would drive it myself, but I just need the money,” without even taking a test drive. You will not do that in life, will you?
- first, we try to understand the mechanism of the robots that we are going to use,
- then – we check the performance on a demo account or in a tester.
And remember the greed that will not compensate you for anything.