1. Trend analysis 2. Weighted price action 3. Technical price patterns 4. Market liquidity 5. Volatility 6. Forward projection scanning It is quite difficult for any manual traders to incorporate all the above at the same time while the forex market is moving. That is an advantage of using computers alerts to trade. The first to comprise 4 expert advisors into 1 automated forex trading system. The creators from IvyBot have improved a very important weakness of most forex trading robots.
There are mainly two types of forex robots. 1. One that only trades 1 specific currency pairs like EUR/USD. The results are often better but it doesn’t have many trades. And users are often very impatient not seeing their robot working. Example is Forex Megadroid forex trading software 2. The other type is where they used a SINGLE forex trading system for all the currencies pairs. Their account often do NOT hold on to profits for long. The profits from 1 currency would flow as losses to the other currency. This is because the range of movement and volatility is very different from 1 currency to another.
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