For many years Forex trading robots have flooded the market with different consequences. Of course there are always a good few that work but sadly most end up failing. In this article we will look at the possibilities of having Trading robots, also known as expert advisors and find out if it is possible to have a Forex trading system that really works.
The Possibilities of the Marketing System Their Limitations
The coding of expert advisors is constantly evolving and there is even software that can read news alerts and adapt that information to a market. This new wave of programming is leading the way in the use of standardized analysis of marketing algorithms; there are issues with this that a basic entrepreneur can focus on but that’s a talk for another article. The limitations of a marketing system come to the programmer. There are hundreds of market indicators that give direction to the markets and they are right on a percentage of the time. The problem is making sure they have the right time to ensure the overall income over the weekend, month or year.
It’s usually the place for a Forex robot to work for a period of time then go through bad patches that have the potential to eat up all of your profits and even explode your account. Even if Expert Advisors are traded with good intentions there is no way to know how to accurately forecast the market and a rules-based trading system may not fit the market next year as it did last year. year.
A Marketing System That Can Be Adaptable
In conclusion a Forex trading system that actually works can be one that can fit around trading at any time by using more than one set of rules. Using a system that adapts to multiple rules can be appropriate for many situations. For example, a Forex robot that uses a scalping system in a trending market may often disappear if the market consolidates. Having a system that detects market change and shifts to a consolidation approach will result in exceptional results.
There are hundreds of systems on the market and the best tip we can give when buying one is to look at past results and pay particular attention to the number of drawdowns. A Forex trading system that actually works has a drawdown of less than 20% anything more than this if there is a high risk that you will blow up your account later.