What is a forex trading bot?

A forex trading bot, or trading robot, is an informal name for algorithmic software that automates forex trades based on pre-determined logic. These ‘trading bots’ are programmed to buy and sell currency pairs when specific signals are triggered by price action or an indicator or whatever else the trader may choose.

What is forex trading robots?

Forex Robots is a software program designed to assist with trading automation by generating trading signal through the use of algorithms and technical indicators. The guide looks at forex trading robots and suggests some helpful robots to use. What Changed?

How do forex bots work?

Some Forex bots are capable of scanning numerous charts in a way that humans physically can't. In addition, they are developed with particular parameters needed in making trade decisions. With implanted trading signals, they determine when it is appropriate to trade, or conversely not to trade.