Forex robots are a modern computer program that is relevant in the world of trading. The robot analyzes currency signals and helps participants determine whether it is worth making a deal or it is not profitable yet.
Robots are called advisors in another way. A trader can completely trust the robot or make decisions independently based on its recommendations.
To get started, you need to install the program on the trading platform where the bidding will take place. The program is downloaded in the format of a folder with files. Before downloading, it is recommended to study the instructions for installing it. Most often it is necessary to copy to the MQL folder.
The principle of operation of the forex robot
The program analyzes the market situation. Based on the data received, the robot sends an application to the broker to conclude a deal. The broker makes a decision on the execution of this request. You can set the settings according to which the robot will conduct transactions itself, and the user will simply make a profit.
The need to use VPS for forex robots
The use of VPS for Forex robots is a necessity and makes it possible to avoid many problems associated with Internet outages, blockages, system errors and hardware failures.
Most traders use VPS to fully work with forex. The option is translated as a virtual private service. VPS allows you to significantly increase the amount of profit due to the rapid implementation of transactions. Since there are no external obstacles to the transaction.
The service also allows you to trade from anywhere in the country and abroad. In order to start trading, you need to log in to your VPS account.