A forex robo-advisor generator can be defined as an online founded application that is used in the creation of high profit automate forex trading strategies without using a single line of code. A forex robo-advisor generator has the ability to eradicate the time consumption found in the production of a Robo-advisor (a reflect to forex trade explorer) which is mostly seen when using a Robo-advisor generator or programmer by automating the trade entry processes on behalf of the forex trader.
With the use of a forex robo-advisor generator, a forex trader can comfortably develop reliable software trading robots and engage them in different trading platforms. The use of a forex robo-advisor generator does not involve the use of great trading technical skills or a programmer to start trading forex. It singly comprises of selecting the appropriate forex trading indicator, insert various trading criteria and voila, it automatically completes the trade.
COMPONENTS AND USES OF A FOREX ROBO-ADVISORGENERATOR
GENERATOR: A generator as a component of a forex robo-advisor generator automatically develops and back tests all given trading strategies. A forex trader can also make use of the reactor mode found in the generator to automate the whole Robo-advisor procedure.
COLLECTION: This component of a forex robo-advisor generator has the capability to store all generated trading strategy which allows the systematic sorting of the strategies according to their various profitability ratio as well as other known parameters.
EDITOR: this component of a forex robo-advisor generator empowers a forex trader with the ability to generate and edit trading strategies before their exportation to the MQL (Meta trader indictor) files. This feature allows a forex trader to backtest different trading archives against past data in few seconds. It also improves and polishes the data obtained before using them in life forex trading.
OPTIMIZATION TOOLS: An optimization tool is one of the components of a forex robo-advisor generator used the optimization different forex trading rules in contrast to a varied range of trading conditions.
VALIDATION TOOLS: These validation tools are used in a forex robo-advisor generator to test stress, multi-markets and anti-curve fits in forex trading.
REPORT: This tool is being included in a forex robo-advisor generator and used to give an all-inclusive detail on each trading result of strategy testing.
EXPORTER: this component of a forex robo-advisor generator allows forex trader to comfortably export various produced Expert Advisors to his Meta Trading platform.
REACTOR: This component of a forex robo-advisor generator is regarded as one of the best in the forex robot factory. It is used to automate the work process of every trading strategy in terms of programming, back testing, stress checkmating and optimization.
USES OF A FOREX EXPERT ADVISORS GENERATOR
A forex robo-advisor generator as the name implies is used in the creation or production of Forex Expert Advisors and indicators which are robots that carry out forex trading strategies and tasks assigned by a trader without the direct participation of the trader himself.
Forex Robo-advisor generators are used by forex traders without any form of programming skills. This is because the software allows the trader to test and in turn create his own indicator for automated trading systems.
ADVANTAGES OF A FOREX ROBO-ADVISOR GENERATOR
Forex Robo-advisor generator creates Robo-advisors that trades round the clock without food nor rest. Manual trading by forex traders has great restrains on time because they have to feed, rest and sleep including task like go to work, meet families and friends. It is impossible for a forex trader to trade all round the clock and because of his inability to do so, he misses out on very important trade entries and exits. Most forex robo-advisors developed by forex robo-advisor generators don’t only sleep nor rest but they also automatically execute all trade entries and exit in a wink.
Forex Robo-advisor generator allows a forex trader to produce or create trading strategies automatically. This form of automated trading strategy generates market tactics that includes desired entry and exit amounts, take home profits and stop losses. Aside from generating strategies, it also validates indictor limits for a better trading. Forex robo-advisors developed by forex robo-advisor generators are highly profitable, enclose risk management strategies and minimize loses and this helps to increase the overall performance of a forex trader’s trading activities.
In conclusion, the use of a forex robo-advisor generator helps a great deal in the production of Robo-advisors without the use of any programming skill or any line of code. It has the ability to transform manual trading into forex Robo-advisors without writing difficult codes. However, the generation of forex robo-advisors is not easy as it is. It comes as a result of a long time and year development therefore, in other to trade effectively, it is advisable that forex traders test run each software before purchase.