CFD – Contract for Difference
Support and Resistance Levels
Description
Automatic trading
In recent decades, the automation of various processes of human activity is constantly gaining momentum, and today, it is one of the priority areas in the development of both engineering and information technology. Trading in financial markets is a rather laborious process, so automation can significantly increase its efficiency. The development of computer technologies and the emergence of new software products make it possible to automate the trading process fully.
Trading robots
Trading robots (advisors) are programs whose algorithms contain clearly formalized trading rules: opening and closing trades, position management, calculation of trade volumes, etc. All these operations are performed automatically by advisors – much more accurately and faster than in manual mode. In addition, trading robots are not subject to emotions and fatigue – they are able to work 24 hours a day. The exclusion from trading of the human factor in the form of feelings, mistakes, and overwork leads to a reduction in non-market risks. As a result, there is an increase in efficiency. So, here are some advantages of trading robots:
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Increasing the speed of transactions
The Expert Advisor is able to process a large amount of data from various markets, perform the most complex mathematical calculations almost instantly, and promptly place orders according to the algorithm. It is physically impossible for a person to work with such a volume of information and with such speed. Thus, traders who use complex mathematical calculations in their work, of course, win with a robot over colleagues who trade traditionally. Traders who trade manually often have to forego profitable and promising trading tactics that involve a lot of calculations, prompt placement of orders, and minute-by-minute monitoring of the market.
No calculation errors
Trading operations are performed according to the algorithm programmed in the Expert Advisor. Therefore, there are no errors associated with the calculation of trading robots.
Trading without emotions
A robot is a program. He absolutely does not care what economic events are taking place in the world; he analyzes the consequences of these events, which are reflected in the charts of various trading instruments. The robot is calm with any results; nothing can piss him off and force him to open a deal under the influence of emotions. Very often, transactions made under the influence of emotions turn out to be unprofitable.
The EA is working according to the plan.
The trading robot will execute all transactions in accordance with the algorithm.
The trading robot does not get tired.
The Expert Advisor is able to work around the clock, without interruptions, – executing the trading plan without errors, slowdowns, and deviations. It is enough for a trader who uses an adviser in trading to look into the terminal occasionally.
Flexibility of the trading mechanism
You can independently change the settings of the adviser at any time or even change the logic of its work.
