There is one very interesting type of expert advisors that uses neural networks. Let me explain it to you. It sounds as something very complicated and incomprehensible. Although, I never had experience with such software, I think the whole idea is rather simple.
Developers claim that they invent artificial intelligence but it is only half-truth. This kind of software reads all the chart and tries to find the repetitive patterns. Moreover, it should consider time and that scales of patterns could be different.
It's like japanese candlestick analysis, except it is much more advanced. For good results the program should count all possibilities and it takes much time even for fast computers.
Above all, the program should give more priority to new patterns and current market situation, but also not to forget what happened years ago. That's why the program should first learn what happened before, and only after that, trade on real market.
The idea of such expert advisor actually is very good. It is compared to peoples mind because we will do most likely the same to predict the rate in future.
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