To summarize our detailed study of the types of Forex trading advisors

You should be aware that the approach to automated trading should not be different from the approach to manual trading – in order to make a profit, it will still be necessary to study the mechanism of work of your automatic assistants, test them for performance, “secure” yourself with risk management rules for each type …

Indicator / non-indicator advisers

Allocated them to a separate group, because they are far from always being trendy. Again, let’s briefly state the essence. First, consider the subtype – Forex indicator advisers. The indicator adviser uses indicators in its algorithm to enter/exit the market. In this algorithm, there can be both “standard” indicators of your trading terminal, and some …

Short-term advisers: scalpers and pipsers.

I combined them into one group, because, as a rule, the essence of their work is approximately the same. The difference lies in the value of stop-loss and takes profit, which is also not significant. For those who suddenly don’t know, scalping is not only “short-term deals”. The essence of scalping is precisely in “cutting …