Trading robot, presentation
Robot trading refers to brokerage systems over the internet. It is intended to help traders determine whether to sell or buy a currency pair at any given time and to take the psychological side out of trading. These bots are specialized computer programs designed to perform various functions, from managing transactions to notifying the trader.
The trading robot is based on artificial intelligence. Most of them use the MQL scripting language and make it possible to generate trading signals, as well as execute trades. Today it is possible to find different models of Forex robots, such as those that integrate trading rules. The simplest thing that remains at the moment is to opt for an automated system. However, it is still necessary to conduct research before investing to ensure the reliability of the source. In particular, backtesting will test the capabilities of a trading robot.
Artificial intelligence and trading
In 2020, more than 60% of trades over $10 million were made through algorithms. However, the algorithmic trading market should continue to grow by 2024, further cementing the place of artificial intelligence (AI) in this sector. One of the different ways to use AI is deep learning. This consists of using analytical tools that try to reproduce human decisions. These are then used and made more accurate through the use of algorithms.
Traders thus have the opportunity to benefit from scientific advantages, without having to resort to in-house expertise, which would be more expensive. On the other hand, predictive programming makes it possible to determine the probability of trading decisions. An ecosystem is then created for the benefit of traders, who depend on technology for their investments.
Automation in commerce
A trading robot today can be configured in different ways and depending on the results a trader wants to achieve. So it can be fully automated. In this case, transactions are executed electronically on behalf of the trader. A set of rules is determined in advance. At the same time, the bot independently generates stop-loss orders or trailing spots. Another option is to switch to a semi-automatic system.
In order not to miss any opportunities, a program is then used to study the currency markets. The system sends signals to the user based on a pre-programmed strategy. These can be both start prices and stop-loss orders. It is then up to the trader to decide whether or not to attempt a trade. Either way, these two systems allow him to free up time for other tasks.