Since it became popular in the online Forex market, then model development and road of negotiation is also on the rise. From the manual, in the sense that we are negotiating directly, so far these more more popular is to use trading Robot, but also with ease how to work as a model of autopilot.
1. Manually Trading
This business model has long been used by retailers and most common. Where the referred individual merchant trade. It is the opening, closing or monitor. Each of these models surely have the strengths and weaknesses of each.
Advantages of manual activity:
Flexibility to change the rate commercial, because that somehow the shape of human brain / thinking more sensitive compared to robots.
In terms of cost is definitely cheaper, because you do not need to make use of the facilities / providers.
More quickly to the realization of a trading system.
Losses BYOT:
It will be slower, because inevitably, you must continue to monitor price movements and the State of their activities.
We must continue to develop their skills and knowledge, especially in the analysis to become qualified commercial suppliers.
The weakness of the human being, where sometimes the trading system planned violated a rule because of the dynamics of emotion and shopping psychology affected by the news and the situation.
2. Automated Trading Robot Of Trade
This model of the rare business users. It's called trading robots, because this model can function as robots. The use of the software Robot Trading/applications can open and close by themselves, by themselves, alerts warning we provide (e-mail, voice, etc.). It is today most popular in this model is the commercial platform Metatrader trading robot which is often referred to by the Expert Advisor (EA). MetaTrader is the Basic applications provided by broker-forex broker, we are able to make in the Forex. If you want a harder, give facilities (programming language), in which you can create / add that a Trading Robot has created according the logic or its trading system.
There are important things you need to understand and not investing. This commercial Robot is based on a trading system. When the system of trade proven, stable and profitable as cornerstone of the uncertain, and then creates a Trading Robot is a bit pointless. But if you already have a system that has been tested, after if you plan to turn it into a robot (EA), obviously with intend to more free time and at all times kept to the screen.
Requirements For the Creation of a Trading Robot:
You must have a proven, stable and profitable trading system.
To start having to learn a programming language of the application Robotics that we use. For example, if you use metatrader, you must learn that the MQL (Meta Query Language) is Metatrader language encoding.
For those of you who have basic knowledge and previous experience as a programmer, it would be easier for the application of information technology in the lesson. MQL language also used the structure of programming languages in general.
Perhaps for those who are also the Metatrader trading application, they have a way to make different robots.
The development of this robot process can be long and complex. Because the Robot is supposed to be able to apply what they have automatically been their trading system (analysis, decisions, logical reasoning) in the application. In addition, it must really understand programming in order to achieve the perfect robot.
This could be interesting now is that EA/commercial robots that have been and these are bought and traded. You can try googling and searching for "robot" or "expert advisor to trade." You will find much there. There is a cost to millions of people and even free (for example on forex forums).
3. Automated Trading With Autopilot / Peer 2 Peer
This business model based on its functions can be incorporated into trading types anyway automated. Is that, if you use the robot EA/trade scripts more dominant factor. On the model of autopilot / Peer 2 Peer is much easier, because there are already signals / trading systems and we determine direct just where we want to apply or follow.
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