One of the most difficult problems of automated currency trading are the varying markets. Many expert advisors fail at this. Others screw up totally because they were built in certain circumstances and then the conditions suddenly changes leaving the system at a loss. The users are customarily left puzzled of what happened. The answer to this problem is naturally making use of different techniques for diverse market conditions. There are not that many different market types. Trending, ranging, choppy markets are the main categories. And some expert advisors like Forex Black Panther implement different techniques to address the problem. It is not that difficult in a nutshell. If there’s one system for each market type, it’s possible to combine them all into one. Naturally the best programss can automatically identify the market type and switch on the correct methodology.

When you’re trading by hand you always do that. You choose a technique for the correct market type, or wait for the proper market type to happen. Then perhaps it is of course possible to employ a EA only under certain market conditions if nothing else works.