Who earns more on the financial markets: an automated trading expert advisor or a real person? The best Forex robots can analyze the situation thousands of times faster, sort through the possible options and choose the best one. In addition, advisers are not susceptible to human emotions. However, a human can make decisions in emergencies, take high risks in accordance with his risk tolerance, be flexible and trust their intuition, which is sometimes more effective than mathematical algorithms applied. Forex trading bots are a tool in the hands of a currency pairs trader, but it’s up to the individual to decide.
- The article discusses using Forex trading robots or expert advisors (EAs) as automated trading systems in the Forex market.
- While these robots offer benefits such as time-saving, instant decision-making, and eliminating emotional stress, their lack of flexibility and the need for regular optimization are major drawbacks.
- The effectiveness of Forex trading bots depends on the trader's ability to select proper settings and assess risks.
- The article highlights the shift towards neural networks with machine learning, which can adapt to market changes, but these advanced bots are currently mainly utilized by large investment companies.
- It also suggests learning to use Forex trading bots through free options and testing the advisor.
