Exchange robots for traders in the stock market: reviews

Exchange robots are automated software, the main function of which is the implementation of trading operations on the exchange. In addition, such tools are called trade advisers, experts or laconic robots. Still these programs are called mechanical trading systems, or abbreviated MTS. To date, most financial markets such as the "Forex", the RTS or the stock exchange operate such instruments. Each year, a portion of automated trading operations in the total volume of transactions increases. For example, on the RTS from 35 to 60% of daily trading activities are carried out by exchange robots. In the countries of the Western world, these indicators can reach 90%.

What's better?

It should be emphasized that in this case, it does not mean that automated systems are smarter or more effective than humans. This issue is rather controversial and has not been fully explored. The matter is that mechanical trading systems possess a number of advantages which are not present at the trader engaged in trade in a manual mode. Among the well-known and well-established areas that allow automatic trading, you can call Forex4you and Alpari. Next, we will consider the classification of these mechanical systems, their advantages and disadvantages.

Classification of exchange robots

There is no general classification of exchange robots. Nevertheless, these tools are divided into several conditional types, which make it possible to better understand the essence of their work. So, mechanical trading systems differ in the style of committing transactions. In this regard, distinguish scalpers or pipsovschiki, trend instruments, reversal and other trading robots. In addition, there are fully automatic systems and semi-automatic. After the initial setup by the trader, the automatic robot for the exchange trade performs operations completely autonomously. At the same time, semi-automatic systems only accompany and close the transaction, but it is opened by a person in manual mode.

Robots-Martingeyly

In addition, exchange robots are divided into those that use the concept of Martingale, and those that do not apply it. The first are quite aggressive systems, which, if lost, increase the rate and are able to easily lose the investor's deposit. Judging by the reviews, trading robots that do not use Martingale's concept, but at the same time show good results on profitability, are effective advisers. They apply some market patterns in their activities, which makes them less risky. Such robots are perfect for stable trading activity, designed for a long-term perspective.

The above does not at all mean that Martingale robots are not able to make good money for a trader. Reviews say that they too can be effective, but when using these systems it is very important to implement money management competently. In other words, the trader will need to timely withdraw from circulation a portion of the profit so that, if the deposit is lost, all funds will not be lost. As an example of a robot successfully working on the basis of Martingale's concept, one can name the adviser TrioDancer.

Strengths of exchange robots

Among the advantages of mechanical trading systems can be identified several of the most important. For example, a clear adherence to a trading algorithm set by a trader. Exchange robots will not deviate from the installations. In addition, they consistently perform those actions that are programmed. How does the exchange robot work? The system does everything in a thorough and methodical manner. What can not be said about a trader who can rush, change the trading plan on the run and perform other emotional actions.

Another advantage of the robot can be called just the absence of emotion and spontaneity. Such systems are not affected by affects. A person is able to experience fear, panic, be greedy. All these qualities significantly affect the process and results of trade. The car does not.

Also, the advantages of mechanical trading systems can be considered high speed and efficiency. No trader is able to process at a high speed as much information as an exchange robot (this is confirmed by many reviews). Only automatic experts can almost instantly open or close a huge number of transactions. Such abilities of robots are successfully used at work on financial platforms, first of all on a stock exchange or the futures market.

Disadvantages of exchange robots

The shortcomings of automated trading systems include the need for permanent control over the trading activity of robots. Any, even the most intelligent machine is required to constantly check. This is due to the fact that the characteristics of a particular market are changing, important economic or political news is emerging that have a serious impact on strategies for exchange robots. If you do not correct the settings of automatic advisers in time, then their activities can become unprofitable.

Another disadvantage of using such systems is the need to pay for the work of a dedicated UPU server. On the one hand, today a good server is worth a small 5-10 US dollars a month, but on the other - it's still financial costs. They must be taken into account when trading. Thus, the profit from mechanized trading should cover the cost of purchasing a robot and renting a server.

Cost of paid exchange robots

Among the other disadvantages of using automatic advisors, reviews are sometimes called too high a price for such a pleasure as an exchange robot. How much does a good mechanical system cost? The cost of some exchange robots reaches 500-1 thousand US dollars, and often exceeds these figures. Their acquisition is not always advisable, because despite the guarantees of the seller or the developer of the program to return the invested funds, you can easily buy a cat in a poke. It should be noted that there are many good automatic advisers on the Internet that are distributed free of charge, and at the same time are able to bring a permanent profit to the trader.

Choose an exchange robot

When choosing a specific mechanical trading system, it is important to pay attention to the algorithm of the exchange robot. In addition, you should analyze the program parameters, rules for opening and closing positions. It is also necessary to pay attention to the presence of a normally tuned mechanism that limits financial losses. Otherwise, the efficiency of trading operations will be difficult to predict.

Along with the above, there are several other aspects, the following of which will help to choose a good exchange robot. So, it is necessary to test the system in operation, to evaluate its reliability. The advisor should function strictly in accordance with the plan chosen by the trader. In addition, working with the program should be easy and understandable. This applies to the interface, settings and other system parameters. By the way, the abundance of windows and buttons just complicates the task of managing the program. Another important point in choosing an exchange robot is easy installation of software on the PC and changes in the application of the trading account. Simplicity of these operations will allow to use the Expert Advisor on any computer, as well as quickly change the brokerage account.

Reviews say that you should be careful not to buy exchange robots from little-known developers or individuals. Savings in this matter can turn into unnecessary difficulties when installing the program, its configuration and operation. In addition, you can lose money, and not getting the desired financial result. It is recommended to select those developers who provide training in working with the system and good, fast and constant technical support of users.

Afterword

In conclusion, I would like to emphasize once again that the use of exchange robots is an excellent chance to try yourself in automatic trading and regularly receive a good income from their activities. However, in this matter, the trader's understanding of the processes and the periodic adjustment of the program are still important. The use of automatic solutions requires a balanced and responsible attitude. With this approach, the investor will necessarily make a profit. At the same time, do not forget that the success of the work in the markets largely depends on the broker chosen by the investor.