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A forex trading robot is a software programme that uses foreign exchange market price movements to signal traders to buy or sell a currency pair at a certain point in time.
Forex trading robots are software programmes that produce trading signals in the forex market. They eliminate the potentially harmful psychological aspect of trading and create trading signals automatically. The majority of these robots are created with MetaTrader, which uses the MQL programming language to allow traders to produce trading signals, place orders, and manage transactions.
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