The MT® platform allows automating trading processes. The trading robots (so-called Expert Advisors) give this opportunity to traders. These little assistants make life in the Forex world much easier. How to install and configure EAs? Let’s find out!
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The market stays in a flat 70-80% of the time. This explains the popularity of counter-trend trading robots. An effective flat-trading Expert Advisor cannot exist without two key principles: Average losses and fixate profits. These are the components of money management and risk management. Every trader should consider them when creating a software requirements specification for a programmer to create an EA.
How to perform risk management and maximize profits? A trader should be careful when creating specifications for a programmer to develop an Expert Advisor. The main tasks are a quick exit from a loss-making trade and an increase in profits without restrictions. Let's get to the bottom of this topic!