Forex Expert Advisors 2019

Forex advisors are specialized programs and scripts that allow you to trade automatically in the currency market. The purpose of the Expert Advisors is to make trading possible without the physical participation of a trader. Expert Advisors are both free and paid, and there is a practice of creating forex advisors to order for the purpose of a particular trader and under the trading strategies he uses. Undoubtedly, it is inexpedient to trust neither paid nor free programs, but the degree of reliability and efficiency of paid programs is a little bit higher, especially those that are competently tuned and thoroughly trained in trading strategies. Therefore, when downloading Forex Expert Advisors for free, remember that they may not be as reliable and profitable as you expect.

The paradox in this aspect of currency trading is that the most profitable Expert Advisors in Forex, at the same time, are the most risky and under certain circumstances can spend the entire deposit in seconds, regardless of its size. Therefore, the task of each trader engaged in automated trading is to determine the balance between potential profits and the degree of risk, which the trader is willing to give at the discretion of the robot. The advantage of using an Expert Advisor over manual trading is that the robot does not have any emotions or nerves, and therefore hasty decisions. Forex Expert Advisor automatically monitors the market trends in each period of time. At the same time, it uses trading indicators and other analyzers when considering and comparing different market conditions and factors, and after that, based on its analysis and the strategy used, the robot automatically opens transactions.

Advisors come in different types and can be divided into groups according to several criteria. One of the criteria is the period during which the Expert Advisor can carry out transactions. According to this criterion, advisers are divided into the following classes: short-, medium- and long-term. Another criterion, but no longer a technical one, but rather a subjective one, is the security of the adviser. Thus, they are low and high risk. The majority of Forex Expert Advisors use certain trading indicators to make decisions, thus being indicative. But there are also some non-indicator Expert Advisors.

Depending on the strategy used, Expert Advisors can be trendy and flute, scalpers and pipers, can use a martingale or net strategy, can be multi-currency and combined. Expert Advisors based on a martingale strategy are the most risky, because their algorithm is configured to increase the lot after any losing trade. Trend advisors, on the other hand, are tuned to trade by trend and target long positions with high profits. The algorithm of action of pipsers and scalpers is aimed at multiple transactions, often with a large lot, at several points per transaction.