What is a Forex Robot?
A Forex Robot is an automated trading assistant which is also known as an expert advisor (EA), Forex system or Forex software.
The Forex market is constantly changing several times each minute and it is not possible for any Forex trader to watch each shift that the forex market makes 24 hours a day. However a Forex robot is able to do this. A forex robot is not only able to watch the Forex market shift every hour of every day but they are also able to make trades, deciding when to buy and sell. The forex robots pick the entry point and then sets a take profits or stop loss point for each trade. A forex robot is also able to decrease losses by purchasing in the opposite direct to the fall.
Whether you are new to Forex trading or your an experienced MT4 trader, using a Forex robot could never be any easier. The interfaces are generally simple to understand and they often take no more than several minutes to set up. I have used Forex robots in several different accounts and in most situations its just a case of dragging and dropping into a graph.
To set up a Forex Robot just follow this simple step by step:
* Download your chosen MT4 Forex Robot software
* Add the Forex robot files to the MT4 software
* Register the Forex Robot with the developers
* Open the Metatrader software and simply drag and drop the Forex robot onto the relevant trading pair, for example USD/JPY
* Complete the basic configuration instructions and add your deposit
* Now sit back and enjoy watching the Forex robot make money for you
Source : http://www.easyforexrobotreviews.com