What is a trading bot?

[Caramba]

A trading robot, aka a bot, is not a technical device, but a special algorithm that can become a real terminator on the exchange, protecting its owner from large financial losses, coming to the rescue when making difficult decisions, and even acting independently as a seller and a buyer on the securities market. Yet it is not a fail-safe mechanism, with no room for error. Like every program, it has strengths and weaknesses.

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What is a trading robot?
This is an automatic trader - a computer program that can fully or partially replace a broker in stock trading. It sets an algorithm that repeats the actions of a trader, is able to independently track the necessary indicators and, based on one or several conditions, make a decision on a transaction.

In a broader sense, a trading bot is a triune system that combines a program code, a computer and a trading terminal.

Important. Trading robots can differ in the following parameters:

restrictions on deposits and trading platforms;
behavior strategy;
the sequence of changing the settings;
mechanisms of shorts, stop-losses, take-profits.
The principle of operation of a trading robot on the exchange
Algorithmic trading has long become commonplace not only for professional stock market players, but also for private brokers. Everyone "teaches" the bot his strategy by setting certain parameters - the moment of opening a position, fixing profits, setting stop-losses. The parameters that are taken into account by the trader in trading are registered, after which the system with individual settings is connected to the trading platform.

[Toxy]

Hello. I also, on the advice of my friends, am currently actively using crypto trading bot and for me it's just amazing. You probably know how much growth the leading altcoins have been showing lately, so thanks to this convenient solution from NapBots, I can make a profit according to pre-set parameters for a trading bot. In general, these strategies are undoubtedly useful and even a beginner can trade with them.