Trading bots how do it work
First of all, it is sad to say that many people in the business of selling these trading systems do not really care about the success of their customers.
One common reason why even honest companies fail is a lack of testing. For instance, a company may develop a trading robot and test it on a master account and have very high profits for three or four months. A robot trading on one account, with one broker, and at the times that one trader happens to have it running does not give you a complete picture of whether or not this robot can be successful in the long run NOT EVEN CLOSE! Another way that companies go wrong is when they release trading software that is completely built around the current market conditions.
Many times a company will discover a strategy that is raking in the cash and turn it into an automated trading system, do some quick testing and ship it out. When a customer buys the system, it may work for them for a while, but as soon as the market conditions change, the robot is useless. This is where you need optimization. A good trading system should be based on a proven strategy that has worked for many years and then is only slightly modified as the market conditions change.
Free backtesting Free backtesting allowing you to test your strategy over a previous trading period to see how it would have performed based on historical data. Simulator Simulator mode allowing you to trial a strategy in real time, without real currency so the user can get confidence. Indicators Add from many indicators to your strategy to maximise your trading. Safeties Add from many safeties to your strategy to limit or prevent any losses. Trading bot modes Choose between different trading modes and to select the format to indicators work together.
Arbitrage bot trading Arbitrage bot trading, make profits by trading the different coin prices between exchanges, buy bitcoin or other crypto on the cheapest exchange and sell on the most expensive.
You can also name the bot and add it to a bot group optional. In the trade amount section you can set the trade amount limits for the bot. You can also set the order type for the bot. In the advanced settings you can set the limit order type and high speed trading options.
Now, you will most likely want to set up one or more Indicators for your Trade Bot. Once you have found your desired settings for your selected Indicator[s] , go ahead and click "Update. The green boxes above the chart signify buy signals while the red boxes signify sell signals.
Once your Indicator[s] are set up, you may want to add in a Safety. Configure the settings for each Safety and then click "Update.