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What Is A Forex Robot? Differences between robots and indicators
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It is very important to make accurate price estimates and take positions accordingly to raise your earnings rates in the Forex markets. In order to make accurate price estimates, it is necessary to follow the expert analysis of the market and to investigate the reasons that bring the price to these points. You can also use different tools to support your price estimates. In our article, we will talk about the indicator concept and forex indicators, which have an important place in these tools.

Indicator Concept In Forex Markets

Indicators, also called ‘mathematical indicators’ in Forex, are graphical data that estimate future price levels by averaging price history using statistical calculations. Forex markets have many indicators, oscillators and auxiliary tools to support your price forecasts. Indicators are auxiliary indicators found in technical analysis and are very useful for predicting the price change that your investment instrument will experience over a certain period of time. Forex indicators can give you positive or negative data about the points where you will open a position. Thanks to this mathematical data, you can open your positions in the most appropriate way or update your positions.

Forex robots and indicators

Another tool commonly used in the Forex markets is Forex robots, also known as Expert Advisors. Forex indicators and forex robots are two concepts that should never be confused. Forex robot is automated software that is authorized to open or update positions on your behalf, while indicators are analyses that give you healthier information and allow you to estimate prices. Forex robots, also known as Expert advisors, are prohibited for negative reasons such as the fact that Forex robots do not benefit everyone to the same extent, the losses caused by software are large, the robots turn into a commercial earnings system. Because the strategies of Forex robots are automatic, a robot that does not match your investment strategy can cause you to experience large losses, but you may be more successful in your investments because you determine the entire strategy in indicators.

Use Of Forex Indicators

Just as each instrument has a different value in the markets, price estimates for each instrument are made using different analysis and indicators. For this reason, it is very important that you know the content of the indicators that you will use and learn the details. Because variables such as moment, trend, Power, trend, volatility, cycle may also differ in your instruments. If you use targeted and correct indicators, your success will increase at this rate.

Forex Indicator Types

There are many indicators for your needs in the markets. Below we have listed the commonly used ones for you.

MACD (moving Average Convergence/Divergence): an indicator that creates moving averages depending on the convergence and divergence of the changing values of currency parity in the market.
Bollinger Bands: an indicator used to determine the price movements of instruments with a high volatility rate.
RSI (Relative Strength Index): J. The Relative Strength Index (RSI), developed by Welles Wilder, is a momentum oscillator that measures the speed and change of currency movements.
Moving Average (Moving Average): if you assign this indicator to the parity you have selected, it creates linear graphs accordingly, taking their averages according to the time period you are on.
Momentum: an indicator indicating the rate at which currency parity fluctuates in the market.
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