KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 22 March 2024 – Trading robots are automatic trading systems that, based on a certain algorithm, independently manage the trader’s financial flows. An automated trading program or script is not subject to ordinary human weaknesses—it doesn’t need to eat, sleep, or spend time with its loved ones. The trading robot can analyse the situation around the clock during the entire market operation hours, choose the most convenient moments for transactions, control the account balance, and monitor the execution of orders. Practice shows that using Forex trading robots greatly simplifies and automates the trader’s activity.
History and types of trading robot creation
Algorithms have been improving evenly with the technological progress of society. Thus, high-frequency robots (HFT robots) appeared with the growth of internet connection speed, which can make thousands of transactions per second. With the advent of artificial intelligence (AI) technology, there is no need to write an extended code—AI has taken this function over. Machine learning (ML) technology will help create a trading algorithm by observing the trader’s actions.
How to choose a trading robot
The actual efficiency of a trading robot directly depends on what algorithm it is guided by. A certain algorithm often brings solid profit for a long time, and then, due to certain market mechanisms, it starts to operate at a loss. Therefore, to make money on Forex, you need to be able to not only install and run the program but also understand the relevance of its working methods. During the selection process, it is necessary to study the essential information and parameters that directly affect the profitability of automated trading.
Why do you need trading robots in the first place? To make money, of course. Robots do not tire and can trade 24 hours a day, seven days a week. Trading robots today can be bought or downloaded for free. The main thing is to evaluate your purchase adequately. For beginners, a trading robot can become a teacher in currency operations, and for a professional—working hands that implement the necessary trading strategy.
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The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
Octa has also won more than 70 awards since its foundation, including the ‘Best Educational Broker 2023’ award from Global Forex Awards and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.
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