The advantage of an automated trade system is that we can test the strategies with historical data, variations of prices based on minute by minute, since 1999. Therefore, you can determine whether the strategy is profitable or not, whereas operating manually, several factors can cause major damage and even loss of the entire amount of the account, because it is manual.
There is no way to know whether the strategy will work in all conditions, besides that, the human influence is an emotional factor in the strategy set, as in a task of looking for negative or positive aspects, the reactions as human ambition and fear of loss, will lead us to make wrong decisions, thus wasting money.
Manually, it is possible to make profit within 1 day or 1 month, but certainly all of that profit would be lost within hours or more, with a poorly planned strategy.
A computer makes billions of calculations to test whether the strategy is profitable or not, the human being is unable to calculate the minimum necessary for success, due to the fact that humans are intuitive, and this is a huge problem, because the injury is certain.
What is FOREX?
The FOREX ( Foreign Exchange Market) is the system where a nation's currency is exchanged from that one to another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily. More than three times the aggregate amount of the US Equity and Treasury markets combined. It operates through a global network of banks, brokers, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.
What is Expert Advisor?
Expert Advisor (EA) is an automated system which is used by the trading platform to manage positions and orders automatically without manual control.
What is Forex Tools?
These are tools to adjust and define the best strategy and setting to work in the market. If you do not trust blindly on a strategy you need the best tools to avoid wasting money.
