Welcome to Forex and Crypto Bots
A selection of propietary automated trading algorithms for the forex and the crypto markets.
What is trading bot? How to Choose a good trading bot?
Characteristics of a good trading bot:
- It is makeing money over time - it might miss a month but the overall result should be positive.
- Must have a good shapre ratio above 3%, this measure is rarely provided by bot sellers
- The drowdown should be lower than 20%.
A trading bot is a computer program that executes trades automatically on your trading platform. They are many kinds of platforms for retail invesotrs like Metatrader 4, Metatrader 5. Binance, Interactive Brokers etc.
In order to be able to operate a trading bot has a programmed strategy. It might be a simple strategy (buy every morining at 9 p.m and sell at 10 p.m.) or a more complex one consisting of houndreds or tusand lines of code. No matter how complex or simple the goal of a trading bot is always the same : make maximum amount of money risking as little as possible.