What are automated trading systems?

Automated trading systems — also referred to as mechanical trading systems, algorithmic trading, automated trading or system trading — allow traders to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer.

What are auto trading tools?

When we talk of automated Forex trading systems or auto trading tools, we can distinguish two separate categories of auto trading tools: Expert Advisors (EAs) and Forex robots, or auto trading bots.

Why should you use a computer for trading?

There is a long list of advantages to having a computer monitor the markets for trading opportunities and execute the trades, including: Automated trading systems minimize emotions throughout the trading process. By keeping emotions in check, traders typically have an easier time sticking to the plan.

What are auto trading bots?

Auto trading bots are programs or pieces of software that are capable of executing and trading much faster than any human being. While human beings would need to execute and enter any trading order manually, the bots can do it automatically. This has two significant advantages.