Settings of Robots!!! (Read the full series about robots and automated trading at http://bit.ly/2IblW9d ) The settings or indicators used within a robot are crucial. They will determine the success or otherwise, of the strategy. The number and flexibility of settings or parameters within a robot platform, are a useful comparison factor when judging different firms. The best settings will depend on individual trading strategy, but the basic parameters should not be overlooked. Trade size and expiry time are two simple settings, but traders can forget to check if the size and time frame they want to use are available with the robot they are comparing. Moving averages and volume are popular indicators, and almost any candlestick pattern can be set as a signal. Some of the poorer services do not provide any. Some programs offer money management settings too. Martingale is best avoided, especially for novices. Demo Accounts!!! The better firms will offer a free demo or virtual account to trial the service. This allows traders to amend settings, and find a money management plan, that works for them. The best demo accounts will be open ended, and even topped up if the balance runs out. Some demos may require a software download, but the majority will not. Login details will transfer to the real money account when and if they are upgraded. Many providers offer mobile apps, and again, most will be compatible on android, iOS (iPad and iPhone) and Windows. #NMBO457

Settings of Robots!!!

(Read the full series about robots and automated trading at
http://bit.ly/2IblW9d )

The settings or indicators used within a robot are crucial. They will determine the success or otherwise, of the strategy. The number and flexibility of settings or parameters within a robot platform, are a useful comparison factor when judging different firms.

The best settings will depend on individual trading strategy, but the basic parameters should not be overlooked. Trade size and expiry time are two simple settings, but traders can forget to check if the size and time frame they want to use are available with the robot they are comparing.

Moving averages and volume are popular indicators, and almost any candlestick pattern can be set as a signal. Some of the poorer services do not provide any. Some programs offer money management settings too. Martingale is best avoided, especially for novices.

Demo Accounts!!!

The better firms will offer a free demo or virtual account to trial the service. This allows traders to amend settings, and find a money management plan, that works for them. The best demo accounts will be open ended, and even topped up if the balance runs out.

Some demos may require a software download, but the majority will not. Login details will transfer to the real money account when and if they are upgraded. Many providers offer mobile apps, and again, most will be compatible on android, iOS (iPad and iPhone) and Windows.

#NMBO457

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