How A Forex Robot Works

Firstly the article would intimate that my initial comment on How would be to enter into a lengthy technical discussion

. This would be in error, although a lengthy technical description could ensue.

My evaluation of the various good and sustainable Forex Robots in the marketplace is that they work by being extremely Conservative.It is necessary to elaborate on the term conservative.

Of course, the question is raised that if they are so Conservative, how can they trade Forex which on the face of it does not lend itself to a Conservative manner. What the Robot does is look for the ideal condition when the Odds are stacked in its favour.

Acknowledged that this is a gambling terminology, which I am not forwarding as to have anything to do with Forex trader.I assume that the term Odds is understood here in its theoretical interpretation.

The Robot looks for the highest degree of profitability, when the markets are quiet, when the spreads are minimized, when the indicators are all favouring the trade. Quiet markets are normally the most unsocial, and normally sleep time for most traders, but this is when there is no news to move the markets erratically.

When the Robot does in an admirable manner is evaluate all the data being presented. It takes the various technical indicators and formulates them into an ideal set up.

Could a human do this!Yes, a human could do this if they were willing to focus on the screen for 24 hours a day, and remain able to make the rational and knowledgeable decision when it appears, which could be in 1 hour, 4 hours, 24 hours time.

What I am inferring here is the Robot is the reflection of a humans evaluation of trading, but the Robot does not look away at the wrong moment, get distracted, and have blurry eyes. It is able to make the split second decision without bias or emotion based on technical facts and criteria presented.

So, how does it work, it evaluates technical inputs presented to it, it quantifies these without the absolute minimal risk of a loss. Of course it sometimes gets it wrong, but the majority of times it will make the right Call and a profitable trade will eventuate.

We, as humans and as experienced traders know that this is the correct method, although as humans we make incorrect decisions due to a hunch, need for action etc. The Forex Robot cannot do this, it has no emotion, and hence it will trade better than we will ultimately in the long run.

by: Peter Froggatt

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