| The utilization of robots in to assist the trader are now | | | | moves within a two to four hour period after |
| a popular trend in forex trading. These software were | | | | processing current data obtained from the market. |
| primarily created to function as processors of data | | | | This is a great advantage to the trader for he can |
| collected from the foreign exchange markets with the | | | | prepare his trading plan way ahead. He thus has plenty |
| end goal of predicting the forthcoming market | | | | of time to think and rethink his moves. Furthermore the |
| movement to which the trader will base his trading | | | | artificial intelligence in learning from its past trades is a |
| plan. The rationale behind using robots is their capacity | | | | great plus for it filters possible trades accordingly. |
| to process information at a very fast pace. Today, | | | | Basically the software will not make the same mistake |
| these robots have dramatically changed with the so | | | | and would repeat similar winning trades to the increase |
| many upgrades and the appearance of new robots | | | | in profits of the trader. |
| bearing features that cater to individual needs of | | | | One of its major weaknesses is it will meticulously |
| traders as they engage in forex trading. Even the | | | | choose only risk free trading. Meaning it will only cast |
| rationale for their use has changed to incorporate the | | | | its trade in truly winning trades. This being the case the |
| execution of trades without hesitation. The advantage | | | | trader experience little or no risk, which is good, but his |
| of using robots is that they have no emotions and | | | | winnings suffer a great deal. Instead of obtaining large |
| would not falter in trading. They have no thoughts or | | | | increases in profits the software merely produces |
| fears of the risk involved hence they are able to | | | | small profits. Another major weakness is that once the |
| execute trades logically based on the parameters | | | | robot has engaged in trading it cannot stop in the |
| placed by the trader. | | | | event that the trade is seen as a losing trade. The |
| All robots have their strengths and weaknesses. The | | | | trader would just have to bear the loss and rest |
| trader must research this before purchasing any | | | | assured that the same trading mistake under the |
| software. By doing this the trader will know if this | | | | same market conditions will never again occur. |
| virtual assistant can truly assist him with its strength. | | | | As seen in the example of the Megadroid, a trader |
| As to the weaknesses of the virtual assistant, | | | | must know the strength and weaknesses of his |
| knowledge of the same would help the trader prepare | | | | chosen robot so he can prepare and compensate for |
| and try to compensate for such inadequacy. | | | | the shortcomings of his virtual assistant. This is the |
| The famous Megadroid strengths consist with its | | | | ideal relationship between the Trader and his Robot |
| Reverse Correlated Time and Price Analysis and its | | | | for them to win. |
| artificial intelligence. Its RCTPA can predict market | | | | |