With the advent of powerful computers, many areas of business have changed dramatically, and currency exchange trading is no exception. What you see in the films about Wall Street is no longer relevant - all passions from the stuffy halls with a crowd of screaming people went to the Internet, and live traders are gradually crowding out by trading advisors - programs that can open and close deals on a predetermined algorithm.

Advisors in the Forex market are widely used thanks to the Metatrader trading platform, which supports the functional MQL programming language. With it, you can implement the most extravagant trading systems and manage transactions even without the participation of the trader - you just need a computer with a trading terminal.

Forex trading advisors are becoming more and more popular because of their advantages:

• Independent trade. The programmer sets the initial algorithm, and the trading robot without any help trades clearly on it.

• Advisor does not need to sleep, unlike a trader. More trading time - higher profits! Plus, it is possible to use strategies that make it difficult for a person to work, such as nightly scalping.

• Mathematically precise execution of the strategy. The Expert Advisor opens deals much faster than a person and precisely at the moment when a signal arrives, according to the algorithm. Also, robots can perform large calculations for the implementation of complex strategies, such as Martingale.

The advantages of advisers are really impressive! It is not surprising that more than half of operations in the Forex market are performed by automated trading programs. However, trading advisors in Forex has its drawbacks, which are also worth mentioning:

• Advisors work only with price data and ignore news that affecting exchange rates. This creates the effect of “lagging” - the robot makes deals already after the traders have responded to the new information. Accordingly, potential profit decreases.

• Advisors cannot change their strategy themselves. If it happens that the robot ceases to make a profit, only the trader can do something about it - change the algorithm or even remove it from the trading account. If you let it go, the adviser will trade until the money runs out.

• Any program for automated Forex trading can be “buggy”. A mistake in the initial code, a bad Internet or an unusual market situation can lead to the adviser taking wrong actions that can lead to losses. However, good program developers usually take into account many possible problems.

All that can lead to losses, but in general, they are less important than the advantages that a trader gets after automating a good trading strategy. Perhaps the most interesting point is that at least 10 automated strategies can work on one trading account at once - which is very useful for diversification: the balance will grow smoothly and fairly stable.