Key features of Robot MT4
1 – Difference Between Manual & Robot MT4
In the Forex market, one of the main factors that determine the success of the trader is the strategy. This strategy is the main reason for achieving sustainable profits. And the strategy can be applied either through manual trading or automated trading (Expert Advisor). Both methods have their advantages and disadvantages.
Manual Trading
Manual trading is the execution of trades by the trader himself based on the prior analysis of the market and his own strategy. This method depends largely on understanding the nature of the market and the factors affecting it and being very familiar with political news and economic events such as the important news that you will find in the economic calendar.
One of the advantages of manual trading is that it provides flexibility provided by the trader himself. He can modify his strategy at any time based on changes that occur in the market and economic events. For example, if there is strong news that will affect the currency price, the trader can decide whether he wants to close the trade, leave it, or even not enter before the important news.
Accordingly, the trader has manual control over his orders to a large extent and determines the entry and exit points according to his personal vision, but some of the disadvantages of manual trading are that it carries with it the influence of market variables, and thus these variables can control the trader. For example, the trader can be affected by emotions and pressures that lead to making hasty decisions such as exiting the trade early or entering hastily, changing the take profit & Stop loss. All of these decisions are hasty and illogical decisions for the trader, but he makes these decisions based on emotion only.
Automated trading
It is possible to say that automated trading is completely the opposite, as automated trading relies on software or robots to open and close trades automatically and based on a set of rules and strategies on which the expert was designed. These robots analyze the market technically or use indicators to search for the best trading opportunities.
Robot MT4 also features speed and accuracy that manual trading lacks, as the experts execute trades at a very high speed, and this speed can reach a fraction of a second, which helps increase the chances of making profits and reduce the risks of missing opportunities.
Trading through experts also has the advantage of not making decisions based on emotions and feelings, thanks to the algorithms on which it was designed. Therefore, the expert avoids trading using emotions and feelings and makes decisions based on logical analysis of the market using various analytical tools in order to reach the best possible decision, either to sell or buy.
2 – Tips for Maximizing Performance with Robot MT4
Tips for Maximizing Performance with Robot MT4
Some tips will enhance the performance of Robot MT4 and thus there will be a noticeable increase in profits. These tips include:
Choosing the right Robot MT4
Before you start using Robot MT4, you must first choose the appropriate robot with your strategy and trading goals. Not all robots will be good for your strategy, and of course, the results differ from one robot to another. It is best to first check the results of the expert and the factors based on which it enters buy and sell trades…etc.
Trading in different market conditions
It is preferable to use Robot Mt4 which supports trading at any time of the market, whether the market is active and has high volatility or Ranging or even during the news. Some experts work well with the news. However, you are not forced to trade with strong news, as the impact of the news on the market is very large, and it is better to stop the expert at such times (Deactivate the Live trading).
Conclusion
Using Robot MT4 has many advantages that have a great impact on the success of the trader, provided that this is done thoughtfully and correctly. Therefore, the appropriate experts for each trader must be chosen carefully so that you can apply your trading strategy to the appropriate expert. It will be easy to adjust the expert settings accurately and monitor its performance regularly as well.
