How successful are trading bots?

[Aicha Bascaro]

The success of trading bots depends entirely on the traders and developers who created the strategy and coded the Forex robot. The profitable bots are almost never for sale, and many of those that are available have a proven track record of failure. Therefore, the best way for traders to ensure a trading bot’s success is to code their own strategies.

 

[Christina Nicholson]

Automated forex trading — is trading that happens automatically, without trader's intervention according to a predetermined algorithm. Often the time to execute a trade is only a few milliseconds. A human cannot open or close a position at such a high speed, but trading robots, which react quickly and accurately to incoming trading signals, are excellent at this task. Special software opens and closes orders independently, following either the algorithm (expert advisor), or reacting to trading signals coming from their providers, which are other traders or their trading robots (advisors).

 

[Asbwnsma]

As the world’s most-traded financial market, foreign exchange presents a wealth of opportunities for those who can harness its inherent volatility. Open a forex trading account and use our award-winning platforms to take advantage of movements in currency prices. FxDyno auto forex trading is the buying and selling of currencies on the foreign exchange market with the aim of making a profit. Forex is the world’s most-traded financial market, with transactions worth trillions of dollars taking place every day.