Expert Advisers (EAs)
RoyalCrypto.com permits the use of Expert Advisers in trader accounts. An Expert Adviser is a program that is allowed for automated trading on the Meta trader 4 platform. These programs are also known as Forex trading Robots, and once it is installed, it will trade based on the settings defined by the programmer.
The main advantages of this system are summarized as follows:
- Time efficiency – traders need much less monitoring on their portfolios
- EAs detect market patterns and movements, without the risk of human emotion
- EAs open and close positions, place pending orders, place and modify Stop Loss and Take Profit
- Ability to trade across various markets simultaneously: Forex, Commodities, Indexes, Stocks, etc.
- EAs continuously seek market opportunities and execute trades 24 hours a day, 5 days a week
Expert Adviser Deficit:
There are certainly some flaws in the use of the automated trading system. You must remember that markets constantly fluctuate and change their patterns of movement. This leads to inefficient strategy or system all the time. This is why the intelligent investor reviews and monitors the system at regular intervals to evaluate its results, and then to replace or exclude the system.
These defects do not mean that the automated trading system does not work as well as it means the need to see and control by the trader to control the process of selection or exclusion of the system or distribution between different systems and strategies.
To get the best returns with the least risk to bear, and the worst thing the investor can do in this case is to leave systems and strategies beyond the period of brilliance to begin a period of decline may lead to heavy losses.
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