What is better for trading on Forex - your own advisor or from the market

Typically, advisors, or trading robots as they are also called, pursue two goals - to free the trader from sitting behind the monitor and to eliminate the human factor when concluding transactions.

Now almost no one will argue about the usefulness of scripts for automating trading; their effectiveness has been proven by many investment funds.

There is only one question left to answer: create an advisor yourself or use ready-made options from the metatrader market.

Nowadays, thousands of similar scripts are available in the trading platform; you can choose from completely free ones to robots costing several tens of thousands of dollars.

It would seem that with such a huge choice, why reinvent the wheel yourself?

• Firstly, if you already have a ready-made, well-functioning trading strategy, and you just want to automate the process.

• Secondly, there is a well-known rule: “If you want something done well, do it yourself.”.

By creating a new robot yourself, you can eliminate all the shortcomings in its operation, as the support for ready-made advisors, especially free ones, leaves much to be desired.

• Thirdly, thanks to the advisor designer, you can now solve almost any problem without delving too deeply into coding, that’s what it’s called a designer - https://time-forex.com/programmy/ensed-cor

And the final argument for creating your own might be the fact that it's impossible to buy a 100% effective advisor. Any developer would keep such a robot for themselves.

Why is creating your own advisor not an option for everyone?

Creating new scripts using the Expert Advisor Builder still requires a certain amount of knowledge, let alone manual mode.

But you want to start earning money right away, especially if you have the money to buy a ready-made robot with good support from the developers.

At the initial stage, Forex trading using an advisor will be more effective than independent trading.

Especially if the robot has all the functionality to protect your deposit from being lost.

Therefore, it can be said that using a ready-made advisor is more suitable for beginners; traders who have been trading for several years are still better off trying to create their own version of the script.

You can download ready-made advisors for stock trading in the section - https://time-forex.com/sovetniki