Expert Advisor (Trading Robot)
Expert Advisor (Trading Robot)? Sounds like science fiction, right? It did to me just a few years ago. I would have never imagined that such a thing was possible. First of all, I came from a school of thought that believed nothing could be programmed to trade the markets successfully. I firmly believed this and argued with anyone that crossed my path. “No automated day trading system could tackle the stock market; impossible!” or so I thought. I also said to myself, “How could a computer program successfully factor fear and greed [the emotions that move the market] into an equation designed to extract consistent short-term profits from the market every day?”
When the forex trading robot was presented to me for the first time, it was difficult for me to accept the whole concept. I got to admit that I was pretty skeptical. If the explanation hadn’t come from the best two money managers and traders I know (and personal friends of mine), I wouldn’t have even listened.
The good news is that there are robots (also known as expert advisors) that day trade currencies. An automated day trading robot that not only comes with a highly sophisticated set of conditions to enter and exit the market; but one that also pulls the trigger by executing trades for you. This automated system is also known as Forex Robot or FX Bot (for more about trading robot, click here).
It is worthy of note that day trading robot (or bot) not only finds the trades, but it also takes advantage of them when it finds them. Some people will learn how to day trade successfully and become successful traders. I am still involved on a minimal basis on the training of some day traders. But there are also many people out there that will never succeed as day traders and others that, after having tried it, will realize that it is not for them.
The FX robot is just something extra that I feel can help not just unsuccessful traders, but also investors who can add something different (a new component) to their investment portfolios.
Ladies and gentlemen, I am sorry if I sound excited about this trading Bot thing – so excited it made me that I even became part of it to be able to offer it to my clients, friends, and family members. I like to be very clear about the things I say. It makes me sleep peacefully at night. The idea is that I haven’t been part of a great project like this for a long, long time. The money managers and traders that designed and monitored the day trading robot daily have become personal friends of mine in the last few years. They are great guys and exceptional traders. They have been top-ranked in the past in the forex money management industry. I don’t like recommending traders or money managers to people, but I could help you get a good EA.