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Forex Robot: Humans Vs, Vs automated trading. Trading Manual

The currency exchange (forex) market is the largest market financial and most liquid. The average daily trading on the FOREX markets worldwide exceeds 1.9 trillion U.S. dollars (Source: Central Bank of the Triennial Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2004 and published in March 2005). These huge funds are negotiated by governments, banks and large institutions. In comparison, the largest market share on the Earth – NYSE Group (The New York Stock Exchange), has a daily volume of about 86.8 billion U.S. dollars (Source: NYSE Group, Inc., 2006). FOREX has a growth rate of 18.4% on average per year since 1989. It offers trading 24 hours a day, five days a week non-stop on the Internet. This type of liquid and massively long uninterrupted trading hours means that under normal conditions there is no problem entering or leaving a job.
But in this vast market, as reported, at least 90% of new forex traders lose all their money in their first 3 months of trading. Why? Most traders who lose Read more on FOREX trading are quite intelligent, they just lack the right tools, the "Secret Weapons" to win. They are not beaten by other operators, they simply are beaten by themselves, by man's weaknesses.

In speaking of human weaknesses, let us list some as follows:

1. What is the first major weakness of human beings? if I say it should be "greed" is what Somebody disagree? Several times, we got 1% profit, but we think it is not fat enough. We want more, 2% or 3% will better. Although the benefit is really going to 3%, we believe that would you say 10%? Not always enough. But the market is unstable, particularly Forex market, we often encounter this depressive situation: profit is negative positive. and this kind of depression that happens again and again.

2. Fear. All people are afraid. In the Forex exchange rate, easily jumping or dropping hundreds of pips. Few people can do very well how the market will go. In Forex market, people use them to benefit from trade, from 50:1 to 500:1, the leverage will magnify the gain or loss 50 times to 500 times. Lever is the wonderful characteristic of Forex, and driving fear into the heart of people too. If the market goes against people, drawing large is, fear comes too. Is there anyone not afraid of losing money? Under the pressure of fear, people easily and often make bad decisions, halting the loss of too early, then regret soon.

3. The lack of confidence. Seems better than fear, eh? But it is still not a good thing. Many times, traders of man are so happy once they see little profit in their accounts. They worry that if profit turns into loss? People always take a tiny profit and Run, and then regrets when they see the market going further and further on track. If they are convinced they have made ten or even hundred times profit.

4. Hesitation. Not only beginners, but also the former hands easily hesitate to act in the Forex market. You've probably heard the word "Past performance is no guarantee of future performance. Even a very experienced professional who has made many successful trades in its history, then he or she is faced with a new situation, needs to think twice before making a decision so simple: buy or sell? For new traders or amateurs, they need more time to think, and what kind of hesitation always leads to confusion and missing the best chance and fleeting.

5. Weariness. How many people can continue to work for 24 hours? No sleep, no rest? How about 48 hours, 72 hours, etc.? Even an iron man can not serve his eyes looking computer screen, thinking the brain rapidly changing issues and hands the calculation of complex formulas, day and night, 24 hours a day, 6 days a week non stop. In particular, no errors allowed!

Nobody can!

No!

Undoubtedly!

Not not mention the Super Man. He also fatigue.

6. Negligence. Have you ever been hurt simply because of neglect of small? as taken a wrong bus, missed an exit on the highway, made a wrong number, misunderstood order boss, ignored a sign prohibiting parking omitted a whole page of questions in an exam, take left at home while maintaining a vital, misspelled a key word in a quotation form for a VIP, etc. Hi, man, when was the last time you forgot your mom's birthday, or worse, the wife, or worse, a girl friend? Mama always forgive your negligence. Woman … Well, that depends. girlfriend? Huh, I wish you good luck.

But Unfortunately, the Forex market, nobody will forgive your fault yourself. Any negligence must be punished! You can get a margin call, only a few left in the account may simply because a small neglect.

7. The lack of discipline. The man still think we are smarter the machines. Of course we are. Not only are we smarter, we have too much freedom. But everything has its nature, character, and rules. Rule means of discipline. If we feel intelligent and free trade in forex, make decisions based on our feelings or knowledge only and ignore discipline, there will be endless disasters waiting for us ahead. Forex trading is like the struggle against war, soldiers can not survive the war without discipline, nor can the Forex market traders. Although we have to stop the loss, we must cut and run, despite how bloody and painful, it is where we must take the profit we can not hate the profit is too low. Discipline is discipline, perhaps one can gain some smarties time, but only people can keep obeying discipline forever can win forever.

8. Inconsistency. Long term or short term? buy or sell? prosperity or depression? over bought or sold more? high or low? standard level of support and resistance? fundamental analysis or technical analysis? including exchange automatic or manual trading? etc. There are too many conflicting reports, facts, information and methods, strategies on the Forex market, traders easily cause human judgments and decisions inconsistent. And these inconsistencies one will even result in failure!

To overcome these weaknesses of the terrible man, people have developed many methods. One of them is called "Auto Trading". Automatic (or automated) Forex Trading means trading Forex (currency) using trading systems, programs, software or robots (on Metatrader MT4 platform is known as Expert Advisors – EA), without needing a man physically trade. An automated trading system is a set of specific rules and parameters governing the entry and exit, after have the ability to generate signals at a time and execute trades automatically. An environmental assessment is a system of exchange automated "robot". The robots can beat humans at chess games, EA robots can beat humans at Forex as well.

Programmers consider synthesize many components as they are developing an automated trading system or EA robot, including: the nature market, mathematical modeling, time frame, input and output signals, triggering stop loss and profit target, etc. Once the system is created they do back testing and forward testing rigorously both demo and live accounts. At any automatic trading system created as this way is able to analyze the market independently, work entirely on its own and generate signals continuously implementing automatic trading platform. In addition, programmers can design the system as a sort of "semi-automatic" allows users to be alerted when the entry, exit, stop loss or take profit outbreak occurs. Alerts can be heard by the computer, sent to the e-mail or even send a message to cell phones. Once the user confirms the robot to obey the order complete the trade.

There are many advantages in automated forex trading, such as:

1. Automated trading is executed by the computer. Today, computing and information technologies have been developed to a very high level. Computer can calculations thousands of times faster than humans, the calculations drive without error logic and memory to store an incredible speed with accuracy flawless.

2. Taking the emotion of trading. Unlike humans, an automated trading system will never be lost by greed, fear, hesitation and inconsistency. He just trade mechanically (but fully programmable), affected by a Tradera € ™ s psychology. He performs on the basis of criteria and disciplines. Obviously, this reduces the risk of panic trading.

3. Automated trading can take trades day and night, non-stop, no fatigue and neglect. EA free spam owners of the need to stick in front of the computer at any time. Once an effective system is developed and optimized, it can be left in full automatically and independently. A successful automated trading EA robot will allow its owner to focus on optimizing strategies and money management rules rather than having to constantly monitor the market.

4. Computer can run multiple programs simultaneously, we can therefore use automatic robots EA take many commercial businesses synchronously. This means that we can include multiple conditional entries and exits, profit targets, stops protective trailing stops, and more in our strategies, and have fully automated at the same time. This powerful feature can help us maximize the return on investment and reduce risk.

5. For day traders or other Short-term fans of trading, automated trading robots are very useful tools to cope with the high frequency of transactions using tick data. Dealing Day care professionals working in the market very soon, so sometimes it is safer than trading long term, but it is really difficult for a man to handle. However, EA automated trading robots, it is just a piece of cake.

6. No matter how short or long term trading, the Forex market is always volatile and fast waves, can not afford more automated trading Identification fast signal and the response to them. Without doubt, the computers will generally beat humans in the speed of the signal negotiation and entry and execution of orders returned. No more missing a trading opportunity.

negotiation automated is not yet perfect, and robots can not think EA instead of humans. If the programmer's skills are at a low level, or the idea of strategy is unsustainable or not logical, the corresponding product will not succeed. However, practical experience shows that the system High-quality automated trading always guaranteed any financial success for its owner working on the Forex market. The latter fact is: in the Automated Trading Championship 2007, a global competition, all participants use EA robots, the champion has won favor 1204.75%, the runner-up won 450.42% and third place earned 299.45% in just 12 weeks.

Is not that amazing?

About the Author

If you would like to find out more about Forex trading, come and visit us at VDUX.com

If you want to download our Raingull Automated Trading Software EA, please come to Raingull.com

Fred Wilson’s Chess Class Vol 1: Attack on the e File [VHS] $19.97 …

Lego Chess (Windows XP Compatible) $25.95 …