Obviously, you’re going to need a computer and an internet connection to become an algorithmic trader. After that, a suitable operating system is needed to run MetaTrader 4 (MT4), which is an electronic trading platform that uses the MetaQuotes Language 4 (MQL4) for coding trading strategies.
Read moreHow does a crypto bot work?
So, how do crypto bots work? Crypto bots analyze data, predict risk and buy and sell assets as per their calculations . They watch the market and trade when certain market conditions are met. Most crypto trading bots work by connecting directly to a cryptocurrency exchange.
Read moreIs crypto trading bot profitable?
Answer: Trading bots are profitable for as long as you can configure them properly . The best crypto trading bots will obviously make a profit and it is essential to set to test them or have some sort of guarantee first before buying. Then it is essential to learn their working. Otherwise, they can also make losses.
Read moreIs it possible to create a trading bot?
You must be legally allowed to trade on the exchange and the assets it offers. Some countries don’t allow cryptocurrency trading, for instance. The exchange must have a Public API available. One cannot build a bot without an endpoint to send requests to .
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