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Advertise Your Stuff / Re: What are the benefits of using a forex robot?
« on: December 15, 2021, 08:30:18 PM »
Using trading bots in your trading is quite a contraversial topic and there are lots of arguments for using them and against.
The threadrunner was right in determining the straong points of trading bots. They can trade all the time and they are not prone to be influenced by psychology which makes them great at following the instructions which lie behind them. However, Instructions are the main stumbling block. The thing is that markets change all the time which makes this or that trading rule become outdated pretty fast. That is why I strongly recommend all the traders who want to use trading bots to make them on their own. Surely, you'll need to learn programming but in this case you'll be able to modify the decision making algorithm every time you want which gives you the whole control over the situation.
The threadrunner was right in determining the straong points of trading bots. They can trade all the time and they are not prone to be influenced by psychology which makes them great at following the instructions which lie behind them. However, Instructions are the main stumbling block. The thing is that markets change all the time which makes this or that trading rule become outdated pretty fast. That is why I strongly recommend all the traders who want to use trading bots to make them on their own. Surely, you'll need to learn programming but in this case you'll be able to modify the decision making algorithm every time you want which gives you the whole control over the situation.