• eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    0.18

    BTC/usd 15.674.99

    8.60

    ETH/usd 674.99

    13.60

  • eur/usd 1.1862

    3.95

    BTC/usd 15.674.99

    4.78

    ETH/usd 674.99

    11.37

Why Most Traders Hate Trading Robots

Disadvantages of using trading robots:

Forex robots refer to computer software programs that generate automated trades after analyzing the market based on pre-defined user settings.

Some strategies can not be automated

Those who trade based on fundamental analysis which looks at external circumstances such as economic or political events plus industry trends, find it hard to code fundamentals into a trading program. Thus a robot is vulnerable  in unusual market trends Including chart patterns with infinite slight variations and wave analysis. These task are better performed manually than automatically.

Poor handling of unexpected errors

Most expect advisors made of poor quality level do not handle errors and unexpected events correctly which can lead to huge loses. Thus expert advisors should be of high quality level.

Difficulties in changing brokers

With brokers, what works with broker A can stop working with broker B. The problem can with with broker servers whereas when you know your strategy by head you don’t have server problems.

Strong uninterrupted internet connection needed

When working with trading robots the internet connection must be good to avoid delays or faults in the server that could cause glitches or incorrect performance of robots. To avoid slippage the internet connection must be strong.

Capital Intensive dedicated servers

Expert advisors require uninterrupted run-time and smooth trade execution which is very hard to achieve when running EA from home and work. Therefore there is need of expensive dedicated servers to run the robot.

Hackers and Virus

Like an other computer software trading robots could be affected with virus and can also be hacked.

Limited Forecasting abilities

Robots are limited in application on analytical thinking, applying research data, observation and a certain amount of creativity to predict how markets may evolve in the future.

Conclusively to enable high performance among traders they must integrate expert advisors with manual trading for efficiency.

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