The various strategies free forex robot that has existed has berneka kinds of trading strategies that are planted on the program. That way, before you decide to choose a robot, it helps you identify in advance the character / style of your trading, whether it is appropriate to the character of the robot we will use, whether conservative or moderate.
Make sure you know the workings and composition of the robot, so that when the robot is used in the trade, we can easily control it. Unlike different robot different strategies menyetirnya way. For example, if the EA is only effective for the fundamental or market quiet, or it could be for all market conditions, because there is now a multi EA strategy.
Forex robot is built from the usual strategy in the face of the market, such as a regular program incorporated into the robot program: single shot, cut and swich, martingale, pending orders or any commonly used in trading strategies.
While the elements commonly used in forex robot program is as follows:
- Arithmetic calculations
- Pending Order
- Modify Order
- Trailing Stop
- Multiple Lots
- Secure Profit Protection
- Reserve Condition
- Based On Open Order
- Set Limit Orders
- Maximum Risk Precentage
- Compounding Lots
- Date to Trade
- Range Time
- Oversteer
- Magic Number
- Risk Management
- Sense Profit and Loss
- Free Margin Management
- and others
In its development, EA has a variety of ways in the entry point, which include the following:
- Based indicators
- Based on the indicators and Confirm Some Time Frame
- Based on Fundamental Analysis
- Under the Swap Daily
- Based on the Correlation
- Based on the gapping
- Based on Arithmetic Computation
Therefore, try to choose a trading robot that actually correspond to your character.
The technology being created to facilitate the task in which we live, as well as the presence of technology in the world of Forex trading robot. EA does not care whether we get it for free or buy, the most important is that we know whether we can have a robot that fits the style of trading so we are ready to Money management, trading and how to control them psychologically in order to generate a consistent profit.
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