Did you know that you can trade forex on complete autopilot. There are smart traders who have developed systems, called forex trading robots or expert advisors that actually trade a strategy automatically. Now that’s cool.
But automated trading has its challenges too. While the biggest advantage of forex robots is that they can follow a strategy to the point without deviating from the rules, they cannot adapt to unexpected market changes.
That’s why a good robot is not only the one that has a good strategy behind it, but also the one that has a good money management strategy. In fact, a forex robot reveals its true potential when it makes losses, not when it wins.
Because sooner or later a robot will lose and how it will cope with the losses defines its profitability in the long run.
No Comments