Cryptocurrency trading bots are automated trading systems that work on behalf of the investor . They allow you to execute trades automatically when specific conditions for that trade are met. These bots take into account information, like current prices and volatility levels.
Read moreAre stock trading bots profitable?
It depends on stock and market conditions, chosen strategy, and algorithm type. A bot could make a 2% return for a day and then the market will change its direction and it will blow up day’s profit and make a 3% loss . Programmers should care about risk management.
Read moreCan automated trading work?
While a few EAs will work, and produce good returns, most will not . An incredibly small percentage of people who attempt day trading are successful at it, and that includes people who create and buy EAs. The odds of success are still very small even when using a trading robot.
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