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  • what is forex robot? why do you need forex EA?

    Profit master
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    Why do i need a forex robots? Probably if you are new to the forex market you will ask this question. Maybe you think that the human brain can process the chart information better and make better forex analysis and decisions about the possible market directions. Well… you are wrong.
    The forex market is unpredictable as the most things in our lives. If the market becomes predictable, it will stop existing. Then what can we do? We can monitor and find specific market situations after which something is happening. Of course, you will never find such case in where after A follows B in 100% probability. But you can find a 60% one. And this will lead to developing a forex trading strategy and when the strategy is crystal clear, it can be coded into profitable expert advisor. If we need to make an expert advisor definition, it will be — trading robot based on statistics. Some automated Forex bots are capable of scanning multiple charts in a way that humans cannot physically. In addition, robots are developed with specific parameters required for making trading decisions. Using the implemented trading signals, they determine when it is appropriate to trade or, conversely, to wait. The best Forex trading robots offer solutions for finding profitable trades even in volatile markets when the current trend direction is unclear. Automated Forex robots follow the best trend to increase profits and possibly eliminate the chances of possible losses.
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