Which forex robot to choose for trading?

Forex robot - is a program that allows to trade on the market automatically. Main purpose of it is to exclude the human factor from trading activity, and to be involved only in adjustments of parameters. Advisor has the ability to monitor trends of course ranges in a specific time frame. Learning the market flow and other different factors, robot makes a firm decision about the trade opening.

Today, there is a wide range of such robots. Following factors determine the types of Forex advisors :

• Advisors based on the Martingale principle;

• Multi currency;

• Scalpers;

• Trend advisors;

• Grid advisors;

• Neural type advisors;

• Combined;

Robots working on the principle of martingale, are allowing to get almost ensured profits. Main principle - doubling the position after each losing position. The negative side is that with long repeated losses, doubled positions happen more often, so the risk of wiping the deposit is increased drastically.

Multi currency advisors can open multiple positions with different amount of pairs. Program can easily execute all the complex algorithms that can't be executed by any single human in manual trading.

Scalping or pipsing - strategy of trading that closes the position right past some lesser amount of points of profit. Many experts are calling this type as the most profitable in trading on currency market.

The most common and reliable are considered to be the trend robots. Their main point is to determine the trend and squeeze the maximal profits from it. Some form of risk management must be implemented in this program, but in practice they take serious losses on a flat trend.

Grid based programs are placing multiple orders at the same time, from the top and the bottom. Same as martingale based, grid based programs are using the averaging strategy, which can lead to some good results, but is still quite risk involving.

The most complex are the type of neural programs. They are the most expensive, with some form of AI and neural networks implemented, with a hint of self-learning capability. The most promising type of forex software, but up to this day it is more of an elusive thing than a really established form of advisor.

And a combined trading advisors, that are capable of compiling different trading technologies. Those programs have the most amount and range of adjustment, making it harder to use, but gives a way of modifying it in more than few options.

Our team is happy to help you in choosing the trading robot that is suitable for you and your priorities in trading.