Why we use Expert Advisors
Trading using an expert advisor is far better than trading using manual methods because expert advisors executes trades instantly without emotional delay. The expert advisor is not influenced by greed or fear of losing in the trade. The expert advisor follows your strategy without bias. In addition an expert advisor can trade around the clock without needing a rest. it can monitor and trade multiple pairs simultaneously as it follows the exact logic coded into it every single time.
With manual trading you can change the strategy based on experience or unique setups. You can also adjust the stop loss and take profit intuitively during volatility.
Expert advisors are created based on manual trading strategy which is then automated. No EA can operate effectively in all markets.
There are various markets. Trending market in which the price consistently makes higher highs and higher lows or lower highs and lower lows. This occurs because of strong economic data or central banks policy shifts or political stability or instability. The momentum is usually driven by large institution traders.
Ranging also called sideways market involves price moves between support and resistance without clear dirction.
volatile or chopy martket is one in which the price moves erratically with large spikes or whipsaws. This is often seen around news releases.
Breakout market in which price breaks through a strong support/resistance or consolidation zone.
Reversal; market in which a trend ends and a new one begins in the opposite direction.
It is thus difficult to create an expert advisor which works in all the markets. To ovrcome these challenges we have created a multi-expert advisor portfolio to make a single signal. Furthermore each expert advisor consists of non-correlated pairs so that the loss on one pair might be offset by gains or neutral movements in another.This also helps to reduce deep draw downs during volatile moves. Using non-correlated pairs also helps an account to grow steadily because gains and losses dont pile up in the same direction all at once. All our trades have a stop loss whether its shown or not. We donot trade during high high impact news. We use news filters to avoid trading during news.