radex78
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TRADING ROBOTS AND EAS. DOES AUTOMATED TRADING WORK?
Contents
- What is automated trading?
- What are EAs and Forex robots?
- Pros and cons of trading robots
- What is good?
- What is not so good?
- Determining the best automated Forex robot
- Conclusion
An automated trading system allows traders to program a set of rules for both trade entries and exits that can be later performed without manual assistance. Entry and exit rules can be based on very simple conditions — for example, a moving average crossover.
Automated trading can also feature complex strategies that require basic or advanced knowledge of the trading platform programming languages. Automated Forex trading is widely represented via scalping robots which are designed to work with price momentum and make profits from short term rushes in price movement.
Needless to say, automated crypto trading has also become widespread. Different trading platforms offer trading scripts for e-currencies such as Bitcoin.
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