Trade bot sites are stock exchange automatic trading programs designed to make transactions on stock exchanges. You can buy a virtual assistant or download it for free - there is a large selection on the Internet with different functionality and opportunities for working on the stock exchange.
Bots for exchange trading are classified according to a number of criteria, they can be written independently or for specific client requests based on special algorithms. In this article, I present a detailed description of trading bots and share recommendations for choosing universal simple programs.
How a trading bot works
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The exchange trade bot is suitable for making transactions on any Exchanges according to the set parameters. That is, the developer or user sets the settings for the operation of certain software functions - for example, fixing income, opening and closing trading positions. All types of robots for trading on the stock exchange can be classified as automatic and semi-automatic.
The first option is bots that perform all the manipulations on their own. That is, the trader activates the program and gets the finished result without any additional actions. Semi-automatic bots are the so-called advisers, which, using customized notifications, offer to do something. For example, the robot advises to open a deal, analyzes and gives results, while the decision is made by the trader.
The principle of the trade bot
Modern trading bots for trading can assess the situation on the exchange independently without human intervention. Such an action is carried out due to software developments that conduct an accurate analysis of all available technical indicators. Analytics is always based on a certain strategy. Before using the trade bot, the user must make certain settings, for example, set the desired asset size for opening a trade.
The trade bot works according to the established strategy - it opens or closes transactions for the acquisition, sale of currencies, stocks, bonds and other assets, takes into account graphical indicators of the movement of value, financial information about companies, political events, various forecasts and a number of other data that are taken into account when forming working algorithm. It is important to provide for the work of the bot, taking into account the leverage and the size of the deposit for trading - the robot independently decides when to buy or sell assets, but always relies on the appropriate settings.
Work of modern algorithms of trade bots
Developers provide different ways of generating algorithms for trading robots. I have identified the main parameters that characterize the trading of bots according to the method of the software device:
- neural networks with artificial intelligence;
- universal options;
- author's robots.
Neural networks with artificial intelligence. The modern algorithm is under development, so this type of robot has certain disadvantages. For example, with the slightest inaccuracy in the settings, the trader is in danger of incurring quite large losses, since all calculations are interconnected and, as a result, will be erroneous. But the advantages of such programs are obvious - the development provides for a combination of technical and fundamental analysis of stock markers, which makes the calculations very accurate.
Universal trade bots. The main difference from neural network robots is the possibility of making independent settings. This is convenient, since you can provide any variability of indicators for different types of trading. At the same time, it is important to follow the latest trends and changes in the market - making changes to the settings should be timely, outdated strategies can cause losses.
Author's robots. Such systems are a symbiosis of the work of experienced programmers and professional traders. Author's algorithms are being developed that can work with different levels of aggressiveness regarding risks and profit. Such options are not provided in the universal or neural types of bots.
Any systems for automatic trading monitor the value of assets and graphic indicators in real time. I highlight the main advantage of trading trading bots - conducting transactions at the most favorable prices and reducing the cost of transactions.
Varieties of strategies
As you know, trade bot sites are configured according to a certain strategy, which determines the operation of the entire algorithm and making the necessary settings for trading. I recommend the main types of strategies that you need to consider before buying or downloading an exchange robot - market making, arbitrage, portfolio rebalancing, technical trading.
Market making
Market makers have a special status on the exchange - these are trading participants who can maintain the active state of the trading process in continuous readiness and trade with any of the users exchange platform. Market makers' income is generated by reselling - that is, the profit is generated by the difference in price between orders to sell and buy assets. The commission is removed from the participants in the transaction, so this strategy is relevant for traders with impressive capital or preferential terms of service.
Arbitration
All exchange platforms have their own indicators of the level of offers, trading volume and transactions. Arbitrage trade bots work by searching for areas with unfilled liquidity and profit from the price difference. The best robots can connect to different sites at the same time and select the most suitable conditions according to the time parameters of the algorithm.
Portfolio rebalancing
Diversification of the investment portfolio can be carried out in semi-automatic and automatic modes - the process of interaction with the exchange depends on the type of trading bot purchased. The strategy is suitable for long-term investments, characterized by relatively rare transactions, as the bot tries to minimize risks and increase profitability.
Technical trading
The most popular strategy used in most exchange robots. Programs can be automatic or semi-automatic, have a wide range of settings, can carry out scalping to reduce losses or work on certain risks in an effort to get a big profit. In addition, these bots analyze the market and make predictions based on various stock indicators. All trade bots that I recommend for review and download work according to the technical trading strategy.
My personal recommendations
For beginners and traders who save their time and do not want to risk their capital, I recommend downloading and using the following platforms:
- Binrobot Abi
- robot tesla;
- autocrypto bot;
- robot Abi Signals;
- google finance.
Binrobot Abi is a free trade bot that can be downloaded from the official website. The program is universal, suitable for automatic and semi-automatic Forex trading. To use the Abi robot, it is enough to register, set the desired settings and make a deposit through a trusted broker. The system provides three strategies: Martingale, Fibonacci and classical.
The Auto Crypto Bot is also versatile and great for beginners and involves crypto trading on the Forex platform. This is a free trade bot, but you can only download a limited number of versions for a certain region - the available number is indicated on the main page of the site. In other cases, the bot needs to be bought. The robot works in automatic mode and as an adviser, giving signals to the trader in the event of profitable situations, you can use many popular crypto coins.
Abi Signals is similar to the Abi bot and is great for trading newbies. The system works automatically and semi-automatically, the algorithm is based on 9 indicators, 5 trading systems. Trading is carried out around the clock and is suitable for all assets - raw materials, cryptocurrencies, fiat currency pairs, stocks.
Conclusion
Trading on stock exchanges with the help of trade bots is considered universal, most profitable and convenient. You do not waste time on lengthy analysis, transactions are not hindered by emotions or problems with concentration due to fatigue. Robots do the main work instead of the trader, they work methodically and, with the right settings, very successfully. I recommend paying attention to the provided bots, which will definitely provide a stable income even for an inexperienced user.
