Should I Use My Own Charts or a Forex Expert Advisor?

1 year ago
1

The big majority of Forex software in the market fall in one of 3 categories: charting system, Expert Advisor (EA), and Fully Automated EA.
A charting system is just what the name inferes, a signal provider that will generate charts with any parameters you set. Many of these providers offer pre-set charts for your convenience, but, ultimately it is your responsibility to set the parameters to fit your trading strategy. I would only recommend this method to advanced traders that know how the market works and have tested several strategies to know which ones will perform best under different market conditions. Most professional traders use charts with custom sets of parameters. Professional traders are not the norm, but rather the exception to the rule and are not your average Forex trader.

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