Metatrader Experts are fully automated forex trading systems. Metatrader expert advisors automatically trade a forex strategy without your involvement. Featured metatrader expert advisor categories include:
- Forex Scalping Experts
- Neural Network Experts
- Forex Grid Experts
- Forex Hedge Experts
- Pattern Trading Experts
- Swing Trading Experts
- Digital Filter Experts
- Other Experts
Forex Scalping Experts
In general, scalping is a trading technique which tries to exit trades with very small profits, risking several times the amount won in order to augment the trader's probability of success. Scalping is a trading technique discouraged by many brokers because these small fluctuations in market prices (3-4 pips), can be predicted by someone with a direct bank feed and used with an advantage against the broker. This can be done due to the delay that brokers have when processing data streams (which can be 2-5 seconds).
However, in the world of automated trading, an expert advisor is usually called "scalping" even if it's take profit is more than 3 times the spread (which would not be considered scalping by most brokers). Examples of such expert advisors are Shark and Viseu which have small profit targets (8-10 pips) with stop loss orders in excess of 30 pips. As with every trading strategy, there are some advantages and disadvantages to using such experts. For example, these experts have the advantage of having a high probability of success per trade as they take money rapidly from the market. The greatest disadvantage they have is that their risk to reward ratio is too unfavorable, they need to get at least 4 profitable trades for every loss in order to get to the upside again.
So, why have we seen a broad decline in profitability this past few months? Why have expert advisors like Shark and Viseu reduced their profitability so drastically? Well, many of these experts are based on moving averages, which by their very nature, are very lagging indicators. They work very well when market conditions stay constant for a while and then change in a very slow fashion, so slow that moving averages can adapt smoothly to the changes made. What we see in today's markets is completely different, we see rapidly changing market conditions which don't give lagging indicators like moving average the opportunity to react. Therefore, this expert advisors are always thinking about yesterday's market and they trade as if market conditions were like they were a while ago. When these experts based on moving averages finally adapt to what it's happening, it quickly changes!
So what you get is a scalping ea massacre, they sell when they had to buy, they buy when they had to sell and with a risk to reward ratio so high, it is not a surprise that they fail to deliver what they had delivered from 1999 to 2006 when market conditions were very different and lagging indicators like moving averages worked a lot better. Sounds familiar? Past performance does not guarantee future results!
Forex Neural Experts
Neural forex network is an algorithm, which imitates nervous activity of living beings (with some part of inaccuracy). Using neural forex network we can identify and use large amount of interconnections in data that are usually hidden from our eyes because of complexity and nonlinearity of data. It is corroborated by the fact that neural forex networks are used in many spheres of our life including trading. But you have to decide by yourself whether they are useful for you or not.
Not a single neural forex network (even the best one) can predict future price by means of simple pressing of a button. If it had been possible, than the market would not have been the truly market. But you can use neural forex network to make predictions with a certain part of probability, which will help you to make better trading decision. Meanwhile even limitedness of capabilities of neural forex networks does not prevent them to be one of the most effective tools of market analysis, especially, when there are a lot of noise and non-linear connections.
Neural forex network won’t solve all your problems, don’t flatter yourself.
But since neural forex networks are the powerful technological method of technical analysis, they can be invaluable tool in your trading arsenal. Comparing with other methods, neural forex network can have some restrictions and advantages. They also have a unique quality to track hardly detected interconnections in accessible data; other methods do not allow to do it. Besides, the ability to create patterns basing on analysis data makes neural forex network method absolutely unique among other methods and tools.
You can effectively use neural forex network for:
- Evaluation of probability of trend continuation;
- Classification of market phases;
- Temporary prediction of maximum and minimum formation fordifferent
timeframes;
- Prediction of probability of fluctuating movements after trends and following
corrections;
- Inter-market interconnections tracking.
In other words, you will get the tool, which is much more effective than classic methods of technical analysis for cases when there is a lot of noise on the market or when data interconnection is not obvious and linear.
Forex Grid Experts
Forex grid strategy is a forex strategy, which doesn’t operate with a single order, but with two or more orders simultaneously. Indeed, if we caught a trend, why not to add positions to follow it? Such reasonably made addition will result in insignificant decrease of earnings at worst, and considerable increase of deposits at best. One of the most frequently used systems that can hold two or more positions simultaneously is forex grid system. Basically, forex grid systems are non-indicator systems and are based on placing of orders net at some distance from market in one and another side. I want to note that profitable forex grid strategy is a rare thing, because it is quite difficult to find right balance between profit and net step (distance between adjacent orders).
Forex Hadging Experts
Many successful traders think that Forex Hedging is the best way to diminish your trading loss. When a position becomes unprofitable, they often change Hedging methods to protect themselves against further loss and, whenever possible, to turn the unprofitable position into the profitable one. In this article you will get to know what Forex Hedging is and learn when to use it (or not to use).
What is Forex Hedging?
Technically, Forex Hedging presupposes buying /selling of correlating (connected together) currency pairs for the purpose to protect yourself against unforeseen market movements. So, for example, correlating currency pairs for EUR/USD can be EUR/JPY, EUR/CHF.
Traditionally, Forex Hedging is used by large companies to protect their assets against market fluctuation, i.e. basically it is used for long-term transactions. Sometimes many traders misunderstand the essence of this method and act harmfully to themselves.
Here is the example of Forex Hedging usage by trader for his position. Let’s suppose there was opened a long position for pair EUR/USD, then the market moved down, and the position automatically became unprofitable. At the same time short position for pair EUR/JPY was opened to hedge the position, i.e. the pair EUR/USD was opened in one side, and the pair EUR/JPY was opened in another side (depending on the first pair). Sometimes this method helps to avoid loss, and when profit of the second position makes up loss of the first position, both positions will be closed.
Pattern Trading Experts
Pattern is some kind of template, a regularly repeated market situation that can be definitely singled out from market “life”, classified, and, most importantly, used for getting profit, which is based on mathematical advantage.
Sentiment is a tendency of market participants to make certain actions, for example, to drive price or to take profit. Sentiment of market participants lays in the basis of market patterns, thus analyzing sentiment of trader in different moments you can single out, discover, find market patterns.
Filters are a set of discrete rules for market analysis. Search of patterns on array of market tools is done by means of filters. Besides, it is not possible to use indicators with “memory” (for example, moving averages) as filters.In general the pattern can be divided into two parts.
First one is used for identification of this pattern; using this part we can define its origin and formation of corresponding sentiment on market.
Second part is the part that is used for entering the market and earning money.
Besides, there are strict individual parameters for each pattern: take profit, stop, and maximal time of pattern realization; when this time expires, the position closes, no matter if it is profitable or not. It allows us to carry out strict testing of a pattern on the basis of history, estimating the size of mathematical advantage.
Besides, there are strict individual parameters for each pattern: take profit, stop, and maximal time of pattern realization; when this time expires, the position closes, no matter if it is profitable or not. It allows us to carry out strict testing of a pattern on the basis of history, estimating the size of mathematical advantage.