Coronavirus and robot trading
Trading robots have long gained popularity on the Forex market. However, the coronavirus pandemic that is prevailing in the world now has had a significant impact not only on the exchange rates of major world currencies, but also on trading strategies. Today we will break down for you whether it is worth using trading robots now and what conditions the broker
Forex.ee offers.
The world quarantine has become a time of really high volatility for the markets. For some traders the movements of the most popular trading instruments resulted in large profits, but for others lead to significant losses. Trading robots during a pandemic can still be really effective but you need to be careful with the fact that during a period of higher volatility any robot requires reconfiguration, more precisely, of acceptable risks or potential take profits.
Which advisers are most effective? How well the robot will work now depends on a number of factors, in particular, the fact on what basis the adviser is built. In the time of great trends expert advisors based on trend indicators work well. In the future, such advisers can bring enough profit when the markets begin to compensate for the losses caused by the collapse of exchanges and the situation with the virus in general.
Another important parameter for successful robot trading is a performance check: does the terminal have a stable connection with the broker, is auto-trading enabled or not, the level of drawdown on the account, and so on. If something goes wrong, it is important to reconfigure the adviser on time in order to protect your equity.
What is the advantage of robot trading during quarantine?
• Greater coverage. There are a lot of available trading tools and sometimes a trader is not capable of covering all this volume manually. A robot can handle this.
• Lack of emotion. Being in quarantine and self-isolation can make people have overly emotional reactions to what is happening on the market. With high volatility in trading stress and emotional factor can lead to fatal mistakes. Robots are programs, they will not doubt in making decisions.
Who can use robot trading during quarantine?
• For novice traders robot trading can be a good start for accumulating capital, since it does not require in-depth knowledge.
• For experienced traders it can be used as an alternative tool of trading portfolio and for accumulating additional profit.
• New opportunities are opening up for market professionals: in the free time you can try your own hand at writing robots and create programs that will perfectly complement your trading strategy. You can test the results with a special Welcome bonus of $ 15 from Forex.ee. The conditions can be found on the broker's official website
Choose the most profitable trading strategy for yourself and Forex.ee will take care of providing the suitable conditions
• Instant execution speed of 200-300 ms. ECN / STP technology with the largest liquidity providers ensures high-speed execution of orders at the best price.
• Some of the lowest spreads in the Forex industry. Forex.ee is one of the TOP 5 ECN / DMA brokers with the tightest spreads and the lowest commission on the Forex market - spreads from 0.
• Minimum deposit of only 50 USD, leverage of up to 1: 500 allows trading and earning real profit to almost everyone.
• Slippage protection. A built-in mechanism in the MT4 terminal that allows you to make profit and save your deposit when the price changes sharply.
• No trading restrictions. Forex.ee allows all trading strategies: robots, scalping, hedging / locking, etc.
Open an account with Forex.ee and trade comfortably even during the pandemic!