Don’t worry, it’s not going to be a Terminator sitting in front of your laptop. Forex robot is a program, a code, written according to a particular trading strategy. It uses technical signals to enter into trades, while a trader sleeps soundly. Depending on particular indicators and initial settings, this program can either help trader perform on the market or trade fully automatically.
Actually, you can use the robot for both partly and fully automated trading. Both options have their advantages. Clever robots analyze the market patterns and possible turns, read signals and particular indicators – some traders choose to put the whole trading process on the shoulders of the computer code with preferred settings. Although some traders prefer to still take part in the trading process and trust robot with only a part of the market performance. Since the robot is clever but is still just a piece of code, some traders like to keep it supervised.