What is robot or bot trading?
What is robot or bot trading? Robot trading, also known as automated trading or algorithmic trading, is a method of trading stocks, options, futures, or currencies by using a program that follows a set of predetermined rules ¹ ² ³. Here are some points to consider: - Trading robots, or bots, use mathematical algorithms to enter and exit trades based on technical and fundamental analysis. - Robot trading can be backtested on historical price data to evaluate its performance before it is used in live markets. - Trading bots can be used to implement various trading strategies, such as trend following, range trading, and mean reversion. - Robot trading can be used to trade multiple assets and markets from a single account. - Trading bots can be programmed to monitor markets 24/7 and execute trades when certain conditions are met. - Robot trading can be used to diversify a portfolio by implementing different trading strategies and risk management techniques. - Trading bots can be integra