Published at Thursday, November 08th, 2018 - 14:32:55 PM. Robotic Automation. By Michaele Artois.
Automated Forex robots read the indicators well and prepare a chart for each trading. This may include short-term, mid-term, long-term trend lines which are mixed with Fibonacci retrenchment patterns to find out when are the stocks expected to reverse. It also uses these indicators to find precision entry and exit points for a given trade.
Automated Forex system is not prejudiced by traders' psychology. This means that the trading program can look into the trading bit without following the trader's sentiment. For instance, there is a lot of profit in volatile market at times, but a particular trader may not like trading in volatile market. In such events, the robots can help monetize by overlooking the trader sentiment.
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