Of all the problems, one of the most difficult problems of automated currency trading are the diverse markets. Many expert advisors fail at this. While others mess up completely because they were built under certain conditions and then the conditions all of a sudden changes. The users are customarily left clueless of what occurred. The solution to that issue is naturally using different strategies for different conditions. There are not that many different market types. Trending, ranging, choppy markets are the main classes. And some programss like Forex Black Panther use different techniques to address the problem. It is not that complicated in brief. If there’s one technique for every market type, it’s possible to blend them all together, even if that means swithing them manually. Of course the best programss can mechanically note the market type and switch on the right strategy.
When trading manually, you usually do it. You choose a technique for the right market type, or wait for the right market type to occur. Then maybe it’s possible to use a robot only under specific market conditions if nothing else works.
