Forex Trading Robot For Android

Many traders in their activities utilise assistants - robots. Trading robots (also chosen "experts" or "advisers") are special programs designed for automated trading without the participation of a trader.

A few years ago, robots existed only for desktop systems. In the modern world, in that location is a transition to mobile technologies, accustomed to using robots in their computer, the trader is faced with the task of transferring piece of work to a mobile android platform.

Two complimentary forex robots for android, well-established, are Abi и Autocrypto-bot . These robots practise non require downloading or installation, follow the link from your smartphone and annals!

Next, we consider what opportunities for using forex robots for android are currently bachelor?

I will try to requite the answer to this question in the presented article.

Tasks of traders using forex robots for android

The advent of forex - Brokers immune to participate in the work of the markets not only to major players, but besides to the smallest traders with minor deposits. Small traders practise not accept expensive equipment to work with and frequently practise not have enough fourth dimension to sit at a dwelling estimator.

However, several tasks arise:

• The result of the work of the trader is an increase in the eolith, and for small traders this is small in absolute terms.
• Any trader experiences periods of losses during which it is undesirable, and sometimes impossible, to take profits from the business relationship.
• For a trader who is still non confident in his abilities, it is necessary to accept a source of income that is not related to trading.
• Separation from the computer leads to lack of mobility and speed of trading decisions.

These tasks are especially astute for beginners, who normally have a minor deposit and little feel. In improver, near beginners have a primary place of work, and are non able to devote much time to trading.

Forex robots for android became the solution to these tasks.

The fact is that any trading strategy with clear rules tin be programmed, thus creating a special trading programme - counselor. Such an adviser - a robot volition exist able to work independently even on a smartphone, following the rules Strategy without the participation of a trader. The trader will only control the work with the assist of a mobile android device. Having a smartphone, it becomes possible to piece of work from anywhere in the world where at that place is Cyberspace.

Permit's run into what options are available for such an activity.

Using robots on the MetaTrader platform

Directly, the android platform is non designed to run trading robots. However, it provides plenty tools to command such robots. First of all, we are talking about working with VPS.

External VPS

VPS (Virtual Private Server) is a regular estimator with an installed operating system that runs with the provider, is connected to the Internet, and to which the user has remote admission. VPS works round-the-clock; the provider provides maintenance.

The user installs the desired trading concluding on the VPS. For the forex marketplace, the leader is the MetaTrader terminal of the 4th or fifth version.

At the installed concluding, expert robots are launched, and they are controlled in the usual manner for the terminal.

A user who has an android device installs a special remote admission program on it, after which he gets access to the desktop of the remote figurer, and the power to control the terminals and robots installed on the VPS, as from a regular computer. Every bit a event, VPS with remote access turns into a forex robot for android.

Prices for VPS running Windows are at present very affordable, and start at $ 5 per month. In this instance, there is the possibility of several terminals at once for working on various accounts.

Built-in VPS

Configuring VPS and accessing information technology requires some specialized cognition. Therefore, for many traders, it may be preferable to special hosting, already built into the MetaTrader final by developers.

In fact, MetaTrader'south built-in VPS is the aforementioned VPS every bit any other provider, but information technology's integrated into the platform, it'due south much easier to order, it's designed to run robots, and this is done more quickly than in instance of a separate VPS

Control over the piece of work of robots can be carried out from any last, including the mobile android version. The developer's site (MetaQuotes) has a big assistance section on how to piece of work with directorate.

Fix-fabricated trading robots for mobile devices on android

Working with advisors on the MetaTrader platform requires some special knowledge from the user. Non all users take the opportunity to report them.

For traders who would like to accept a simpler solution, there are platforms with already installed and configured robots. The user needs to set simply the most general parameters, so it remains but to periodically monitor the class of trade using a mobile device and adjust merchandise operations if necessary. The robot will exercise the rest.

Trading robot Abi

The first of these programs that I would like to bring to your attending is the Abi trading robot, designed to work in Forex.

To utilise this robot, it is enough to register on the site from your android device, make only general settings (or leave them by default), and so monitor the ongoing merchandise.

Abi has 2 modes - manual and automated.

In automatic way, all trading deportment are immediately transferred to the broker for execution. Equally a event, the user does not need to be online. All transactions will be made without his participation. It is enough for him only to occasionally monitor the piece of work of this forex robot from an android device. This mode is suitable for beginners who are just starting to become acquainted with trading.

In manual way, the robot signals are only displayed in the user's personal account. This way is preferable to traders who take some feel and their own ideas most when and which signals are more than probable to brand a profit. The user has the opportunity to either laissez passer a point to the broker for execution, or ignore information technology. The disadvantage of manual mode is the need to exist online. Nonetheless, this drawback is mitigated for mobile devices.

Trading robot Autocrypto-bot

The trading robot Autocrypto-bot has a principle like to that of Abi.

The difference between this robot is that it uses cryptocurrency trading in trading. Cryptocurrency quotes are experiencing large fluctuations, and therefore this robot potentially has a higher profit than Abi, however, this robot also has more risks.

Otherwise, the principles of functioning of this robot are similar to Abi, and the general scheme of work is the aforementioned for them.

Advantages and disadvantages

Using forex robots for android has the post-obit advantages:

• The user does not need to accept much experience. Information technology is enough to have the near basic noesis of the principles of work. This is especially noticeable when using ready-made trading robots.
• The robot acts on the VPS or on the developer's server, so the user does non need to install any additional applications on either the estimator or the mobile device. Information technology is plenty just to have a stable Internet connection and a smartphone.
• The robot can piece of work completely autonomously, freeing the user from routine deportment. At the same time, the user nonetheless has the opportunity to make adjustments if necessary. Such a need, in particular, may arise at the time of the release of important economic news, which tin can very strongly affect commutation rates, increasing the potential profit of the trader.
• When working in manual mode, the signals are duplicated by sound. Thus, having an open personal business relationship on a mobile device, the user will receive a notification nigh the arrival of a new signal and will not miss information technology. At the same time, experienced traders tin independently decide whether to send a signal to the broker to execute, or ignore the point as false.
• To use the robot does not require large investments. A robot for MetaTrader can be written by the user himself. A ready-made Daxrobot or Centobot robot is free, and the banker used allows you to open up a very small deposit without risking large amounts.

Amid the disadvantages of using robots are the following:

• To write robots on the MetaTrader platform, yous need quite serious knowledge. Those who do not have the opportunity to learn, it is better to use prepare-made robots.
• In manual mode, even on a mobile device, you lot must have your personal account open to receive signals.
• If the user already has an open account with a broker, with which fix-fabricated robots do not work, and then he volition not exist able to use automatic mode.

The result of the work of forex robot on android

Each transaction changes the value of the current deposit. It is certainly proficient when the deposit grows. Withal, piece of work in the market is associated with a large share of doubtfulness, and therefore there are ever unprofitable transactions in trading. Nevertheless, for the trader, it'south important not the consequence of a split up transaction, but the outcome of a certain, sufficiently big menstruum. If during this menstruum the decrease in the size of the deposit (drawdown) does not exceed a critical level, the work of the robot should exist considered successful.

Usually, many traders tend to keep the deposit at the aforementioned level. In the case of profits, merely profit is displayed and then that the deposit does not decrease. In case of losses - withdrawal is not made until the deposit returns to its previous value.

Withdrawals are fabricated through popular payment systems. For example, hither is the withdrawal of my profit for ii weeks of trading Abi to the WebMoney wallet at the end of February 2020:

Conclusion

Forex trading robot on android is a expert opportunity to invest complimentary funds. Of grade, similar whatsoever other automatic trading system, this is just a tool, the work of which must exist monitored, and sometimes make changes to the settings. With the aggregating of feel, beginners have their ain preferences regarding the most profitable fiscal instruments and indicators. In add-on, the market is constantly changing, and the indicator that gave good signals over time starts to give a lot of false signals, and then, afterward a while, starts to give generally profitable ones.

The task of a trader using a robot is precisely to skillfully manage this tool, which is non intended to replace a person at all, but to increase the efficiency of his activeness.

Source: https://en.binaroption.com/stati/687-free-forex-robots-android

Posted by: martingotim1981.blogspot.com

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