Trading robot: instructions for beginners

A trading robot is a computer program that helps to carry out transactions on financial markets. The product is able to generate trading signals for a trader (as a Forex advisor), or to buy and sell assets independently (as a robot). The choice depends on personal preferences, as well as skills and experience in trading.

How does a trading robot work?

The trading robot is developed on the basis of machine learning. The intelligent machine performs a technical analysis of the market, finds entry points into the transaction and performs other actions automatically, in millionths of a second.

The robot acts according to the trading strategy embedded in it, completely excluding the factor of emotions from trading. Mathematical algorithms describe the entire process of robot functioning. They are created by programmers using the MQL4 computer language.

With special knowledge, anyone can create their own unique robot for profit. But since this development is at the intersection of trading, programming and artificial intelligence, it is much easier to use ready-made solutions.

How to start using the robot?

In order to use a semi-manual or automatic robot for trading, you will need a computer with Internet access. First, you need to download and install the MetaTrader trading terminal. It is better for beginners to choose version 4 of the platform (MT4), as its interface is more friendly and intuitive, if you wish, you can figure it out in 1 hour.

Next, the product is integrated into the trading platform and tied to a financial instrument of its owner's choice: one or more currency pairs, securities, metals.

When you decide to buy a Forex robot or advisor, you get an innovative system that does not require your participation and also adapts to your needs. For example, more experienced traders can increase their profits. Beginners can buy a robot and watch it work, receiving a monthly income of 5-8%.

A report on the results of trading activities is sent to the owner of the robot by e-mail. Or you can choose a convenient method of reporting on any device connected to your account on the MetaTrader trading platform. The results of trading efficiency can also be found in the account (for owners of paid robots).

How to choose the right trading robot?

Autotrading accounts for about 80% of all operations on markets and exchanges. Demand creates supply, so developers offer a huge number of programs to choose from. First of all, you should avoid those that offer extremely high robot returns (300-500%). As a rule, this is how scammers work.The optimal profitability of the program is within 10% every month.

You can also find free Forex advisors online. As a rule, these are programs that were previously sold for money, and later appeared in free access. The disadvantage of such robots is that their algorithms are outdated. In the conditions of a constantly changing market, works need to be updated, and only creators of paid products can provide high-quality technical support. Therefore, it is better to buy a trading robot, especially since the price is quite affordable, and the assistant becomes your property forever.

Also, the choice depends on the instrument you want to trade. For example, a robot can manage your shares on the stock exchange. The Forex arbitrage advisor is able to earn on the difference in the value of two currencies that are correlated with each other. By the way, it is Forex robots that have become the most popular, since this market is very volatile, and the speed of a robot is many times higher than the capabilities of a person.

What are the advantages of a trading robot?

The first and most important factor is the lack of emotions. They are the first cause of financial losses among both beginners and experienced market participants. With a robot, you can forget about fear or greed. The robot follows a clear algorithm, it has no intuition or assumptions - only clear market signals.

Previously, manual traders had to spend a day watching the chart, looking for trading opportunities. Now this necessity has disappeared. Robots are able to function around the clock, they never get sick or get tired. They provide maximum opportunities for earning. In addition, they work many times faster than a human: analysis that traders spend hours on, robots perform in seconds.

Are there flaws in the robot?

The disadvantages of intelligent machines include the inability to think creatively. Despite all the perfection of technology, artificial intelligence does not compare to the human brain. Therefore, any work needs periodic control. By observing your assistant, you can regulate its actions and adjust them if necessary In paid versions of robots, these functions are performed by their creators.

Free Forex jobs often bring losses to their owners. They begin to spread negative information about the market, claim that robots are a scam or deception. However, it should be remembered that the responsibility for your money always rests with the trader, and the financial market is a risky activity. Therefore, before using a robot, we recommend that you make sure that you understand these risks.

Are robots suitable for beginners?

Many robots are created specifically for beginners, or take into account their needs. If you have heard about the opportunities of the financial market and want to try yourself in investing, the UPKingbot product will be an excellent option to start with. Pros for beginners:

1. Saving time. UPKingbot operates independently and independently, so this source of income can be combined with other activities.

2. Protection against drafts. Drawdown - a sharp change in the amount of funds in the account, is a side effect of trading. UPKingbot operates with minimal drawdown.

3. Risk management. The strategy of the robot is aimed at minimizing risks due to the correct assessment and balance in relation to profitability. UPKingbot preserves and multiplies capital.

4. Maximum profit. UPKingbot gets maximum profit from the system. Manually using the strategy like this is impossible, even for an experienced trader.

UPKingbot is the №1 choice in the foreign exchange market

UPKingbot is a new development by a team of practicing traders and technical specialists. UPKingbot has successfully passed all stages of back-testing, proving its effectiveness. It is also confirmed by the reviews of UPKingbot from those who have already managed to purchase a license.

UPKingbot trades from a strategy based on technical indicators as well as trading volumes. Several algorithms are integrated into the product at once, which allow you to adapt to different market conditions.

Manufacturers guarantee:

• Stable technical support

• Free updates and optimization

• Solutions to any problems using

UPKingbot is fully configured and ready to go. It is multi-currency, which means that you can use the maximum number of tools to make a profit. No trading experience is necessary to use UPKingbot. Just choose a tariff and start earning!