The human tendency is always to automate things to simplify life and work, financial markets. The market in the world is filled with an automated forex trading software that is designed to conduct trade that humans used to do.
Forex expert advisors have been created by Forex traders to trade currency pairs on autopilot. They are programmed according to the required instruction, on a language called MQL-4, in such a manner that they are able to take the right decision all the time, without human assistance.
Forex expert adviser is also known as MetaTrader expert advisor and it can be run under the Metatrader trading platform. These trading robots can perform a wide variety of tasks, ranging from the simple ones such as sounding alerts and sending emails when a hot trade is coming, to complex jobs such as fully-automating a trading system.
It can even be programmed to adjust stops and take profits! The best part is that they work with the instructions fed by the traders thus they remove emotions from trading and force traders to stick to the trading system.
This way a lot of the stress is removed and Forex expert advisor completed all the tasks, make all decisions based on the determined perimeter.
Automated Forex is the best choice because it may create one of the options minus the mistakes made trading of human error. It can rely on the accumulation of data and the past performance of the market to make a choice, and this increases the likelihood of a favourable outcome as human error and emotions do not affect trading decisions.