Hello Traders....
This post is intended to be for those
who are interested about robot trading.
Let's first start to tell some
facts...
Automated trading or robot trading
means using expert advisors (EAs) to make our trading is more comfortable, faster and easier.
Expert advisor is used to trade
and take an automatic actions on trader's behalf. We used them for many purposes
like....
- doing complicated calculations
then we easily get the summaries for auto actions.
- save our time for waiting the
signals, so EA can perform trade automatically when rules for signal or strategy
are met.
- perform specific actions by
calling the EA or script to do it.
- modifying orders when some
specific market conditions (programmed) are exist and protecting accounts to close orders at
specific profit or loss.
- copying signal from one or many
sources to other account(s).
Anyway, endless uses for EAs can be
coded.
Now, let me ask you the following
questions...
- Are you satisfied a 100% with the
expert advisor you are using now?
- Do you trust your expert advisor
to be as "Set And Forget" EA?
- Why you are continuously looking for profitable
expert advisors?
- Do you know "EXACTLY"
how your EA works?
- Do you know "EVERY" part
in the EA external settings and it’s effect?
- Do you know the powerful and weakness points in your EA? (very important question)!
- What actions you should do in the
difficult market times?
- The most important question is, Did you
get satisfied answers for all the above questions?
The above questions show that the
robot coder and/or marketer plays the biggest rule to make you either to get best
of the EA or may be losing everything. So, please be careful ...
Everything is based on how far the EA coder and/or market is honest to tell you the truth.
Till this point, I didn't tell any
secrets yet but I should enlightened you about some points that you didn't
consider in the past, or may be you didn’t find answers for them yet.
This is the end of first part of the post. Part 2 is coming soon. Please keep tuned to the blog to read the next
interesting facts that I doubt to find somewhere else.
If you have any questions or notes, please feel free to write yours in the comments section.
Sincerely yours,
O. Shaban
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