Forex trading is a tricky business, with the market being open 24 hours a day and fluctuating at different times of the day. If you’re a UK broker that trades in the currency markets, then there’s a good chance that you will have considered using various automated systems to help with your trading decisions. Many brokers in the UK use forex robots when trading currencies because they take much of the emotion out of decision making when it comes to price fluctuations.

It is not unusual for brokers to offer the latest technological innovations, resulting in additional revenue. Some brokers will go as far as providing regular retail traders access to automated trading robots. However, despite the apparent attraction of this type of technology to busy broker staff, it is rare to find any UK based brokers offering trading robots.

Traders can program forex robots with various settings which define when they trade. These could be based on any number of factors, including currency movements or technical indicators. There are two main types of robots – those with fixed parameters and those that allow customizations by the trader who owns the robot. The latter is just computer programs written … Read more