Best Pro Trade What Is Automated Trading?
The auto trade system is known by several names; auto trading, mechanical trading, algorithmic trading, among others. Automated trading is a system of specific rules whereby computers execute entry and exit trades based on previously programmed instructions by traders.
With the automated trading system, traders get to program computers to automatically execute trade calls based on specific criteria. With a machine, entry and exit are precise as previously programmed. So, as far as your market analysis is good, and you put in the right rules, you get an accurate result. Not only does this system execute, but it also monitors trades. And this is applicable to forex, futures, and stock trading.
One of the biggest problems associated with forex, futures, and stock trading for traders is the emotions of trading. And many pro-auto traders will argue that automated trading eliminates emotions for traders.
The conditions attached to the rules of entry and exit for automated computers are either simple indicators or more expert strategies.
Also, automated computers trigger trades through specific programming languages on different trading platforms.