2013년 11월 29일 금요일

About 'forex expert advisor'|Forex Expert Advisor







About 'forex expert advisor'|Forex Expert Advisor








               The               different               systems               being               put               together               by               developers               as               well               as               profit               potential               has               been               the               driven               force               behind               the               rising               popularity               of               forex               trading.

The               most               accepted               forex               trading               software,               Metatrader               Trading               Platform,               makes               use               of               these               systems               that               are               referred               to               as               Expert               Advisor               or,               simply,               robots;               one               of               which               is               the               trailing               stop               EA.
               New               forex               traders,               as               well               professional               investors,               would               find               the               Expert               Advisor               on               the               Metatrader               platform               of               great               use               in               executing               successful               trades.

Alternatively               referred               to               as               a               forex               robot,               the               Metatrader               Expert               Advisor               is               a               tool               that               carries               out               manual               tasks               more               efficiently;               even               more               competently               than               a               human               would.

This               tool               gives               forex               traders,               both               newbies               and               pros,               added               advantage               in               trading.

One               of               the               benefits               of               the               expert               advisor               is               that,               once               programmed,               the               tool               carries               out               the               usual               trading               activities               without               unnecessary               emotions               to               interfere               in               trading               decision-making               as               is               the               case               with               human               traders.

Trailing               stop               EA               can               be               set               up               effectively               without               any               problem               whatsoever               as               the               expert               advisor               makes               it               possible               to               supervise               easily               using               the               predetermined               trailing               stop               strategies.

Trailing               stop               EA               makes               it               easier               to               use               market               to               trail               a               trader's               position.

The               trailing               stop               EA               will               observe               a               trader's               position               and,               at               the               close               of               every               candle,               move               the               stop               loss               level               as               is               required               and               desirable.
               It               is               a               good               thing               for               a               trader               to               control               the               level               of               risk               using               the               initial               stop               loss               order,               and               the               use               of               trailing               stop               EA               in               the               profit               management               automation               is               just               as               good.

Some               forex               traders               make               the               mistake               of               exposing               their               trading               decisions               to               emotional               impulses               by               choosing               to               be               the               one               to               decide               when               to               exit               a               trade               rather               than               automating               the               trailing               process.

This               is               a               bad               action               because               once               a               trade               starts,               the               trader               could               lose               control               of               his               emotions               in               his               attempt               to               minimize               losses               and               maximize               profits.

A               trader               may               also               be               tempted               to               delay               exit               from               a               trade               because               of               craving               to               make               more               profits,               or               to               exit               a               trade               rather               too               early               out               of               fear.
               But               when               a               trader               uses               the               trailing               stop               EA,               all               these               decisions               that               can               be               easily               influenced               by               human               emotions               are               left               to               the               chosen               trailing               stop               EA               to               make.

Doing               this               would               give               the               trader               peace               of               mind               being               aware               than               the               trailing               stop               EA               would               be               able               to               decide               when               to               exit               a               trade               according               to               the               conditions               stipulated               in               order               to               maximize               profit               or               minimize               loss.
               The               success               rate               of               a               trailing               stop               EA,               however,               depends               on               the               level               of               research               carried               out               before               arriving               at               the               strategy               behind               it.

Before               using               a               trailing               stop               strategy               in               the               live               trading               account,               it               is               advisable               for               a               trader               to               become               familiar               with               the               effects               of               these               diverse               trailing               strategies               as               failure               to               do               that               could               lead               to               undesirable               results.



               Author:               Warren               Seah
               What               if               you               just               couldn't               trade               forex               effectively               with               a               day               time               job?
               I               know               how               hard               it               can               be               to               trade               forex               manually,               but               if               you               want               to               really               be               successfully               trading               your               own               unique               manual               system,               you               need               to               learn               a               single               method               that               works               amazingly               well.
               This               method               is               simple               to               pick               up               and               it               automates               most               of               manual               forex               systems.

Yes,               it               can               automate               your               personal               forex               system.

You               can               read               how               to               do               it               in               my               free               report               here:Partial               Close               EA
               Don't               give               up               hope,               it's               NOT               impossible.

Trailing               Stop               EA               will               expand               your               trading               capabilities               to               greater               trading               success               learn               more               by               clicking               the               link.






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