Principles of work of advisers.

The main and most popular type of automatic trading on Forex is advisors ; it is this type of script that most attracts trading enthusiasts, and there are various options for making money in this business.

An advisor is a program that almost completely replaces a trader in a trading terminal, allowing you to make a profit without going into the intricacies of what is happening on the foreign exchange market.

There are a huge number of paid and free programs for automatic trading, each of which uses its own operating strategy and level of profitability.

What can robots do automatically and what options for using them exist in Forex trading?

• Analysis - almost each of the advisors contains an algorithm with the help of which the program independently analyzes the market, in most cases these are technical analysis indicators, but sometimes script authors do without them.

• Opening trades - after the advisor has carried out an analysis and concluded that it is a good time to enter the market, he independently opens an order.

Moreover, there can be several orders; this point should be taken into account and not set the maximum possible volume of transactions. • Risk control - most robots have the ability to configure stop orders, this should not be forgotten when launching the advisor.

Only stop orders will prevent the advisor from draining the deposit. • Closing a transaction - occurs in two cases, if stop loss or take profit .

Why does the deposit drain if the script has the ability to configure stop orders?

The reason lies in the fact that it is not always possible to limit the size of the maximum loss in the advisor settings. As a result, the robot opens one unprofitable trade after another, each time losing about a couple of percent, and if this advisor is a scalper, then a large number of trades leads to a fairly quick loss of the deposit. To prevent such situations, you should completely abandon advisors that use scalping , or not leave them without control for more than a few minutes.