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Robotic Process Automation Gartner Magic Quadrant

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By Ninette Paquette. Robotic Automation. Published at Tuesday, October 16th, 2018 - 09:38:08 AM.

Why Robots? You need to understand that no matter how good of training an employee gets or how tough the recruitment is people, in general, can hardly ever keep up one efficiency level; it either gets very good or very bad. But with machines you get only efficiency level. It works with whatever programs you write on it. The basic being for it to perform small, menial and repetitive tasks. When you do that you can use your employees for more strategic tasks. This integration would be a way to revolutionize your modus operandi so you may get the edge in the business world. Because business is fast moving and evolving market and you need to keep up or you may leave behind.

There are a number of companies that provide online automated forex robots for forex dealers to trade in the forex markets. While the concept of a forex robot isn't new, it wasn't widely available till now. The forex robots were only available to the big global banks and the big Wall Street brokers. The forex software are based on the proprietary algorithms used by the companies. This ensures that the trades are executed on the behalf of the customers 24 hours a day round the week. Usually most automated forex software's have these features.

The software do not want a human hand and work on mathematically blessed intricate algorithms to gather the best from all possible indicators. Most of the automated Forex setups just takes a look at the current market scenario and works accordingly. If it's a highly volatile scenario, it places conservative pips and if it's a less volatile scenario, it puts daring pips. The aim is to perfect the art of pip placement at base spreads and high leverage. This way, the automated Forex setups include even the daily spinners and investors into its stride.

The Forex Carnage robot is one of these trading robots. James Terry, who developed the Carnage robot, discovered that most of the people trading the currency market don't understand or even use the basic market drivers of the currency market. One of the most important drivers of the FX market is volatility because it creates the real opportunities (read, your chance to make the best profit). It is also one of the drivers which is ignored by the so-called guru's because it takes more ability to increase your FX profits. James Terry translated the 'volatility concept' into the MT4 programming language and integrated it into the Forex Carnage robot.


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