What is a Trading Robot?
Trading Robot, also known as Expert Advisors (EA), is a piece of simple software run on any computer. The program is coded with the strategy and integrated with MetaTrader trading platform which is connected to your Stock broker. With this, you can place trade manually, see live feeds of currency prices, demo trade & perform other trading activities.
Since Trading robot has built-in strategy, you do not have to learn the strategies the hard way. This ruled based strategy have been backtested for a specific period of time to verify that they would produce profit. Such a mechanical system can be either indicator based, price based or both of them. In short, all Trading robots are 100% mechanical system integrated with MetaTrader. MetaTrader read the rules and automatically and place trade for you.
That's mean anyone with a Internet connection and a computer can use the robot. Any Stock broker that supports MetaTrader 4 charting software is all that is needed. No formal training or knowledge of the Share market is needed or required.
What you need to do is install the Forex Robot on your computer and hook up to the Internet. This is like the Trading master doing your trading for you.
