Expert advisors are programs that can trade without the participation of a trader. they are often referred to as Bots, Robots, or automated trading systems (ATS). Robots and Bots are no different from each other. These are all programs for automated trading in the MetaTrader terminal. On our Trading-go Internet resource, you can download bots and robots that use a variety of trading strategies. What is attractive about robots and bots, these programs can trade 24 hours a day 7 days a week, can work on such financial instruments as cryptocurrencies, stocks, currencies, futures, and indices. An effective and profitable robot is a program that the trader controls and understands the principle of its operation, a program that increases your initial deposit, constantly and with minimal risks.
Robots and bots can be divided into several groups based on the trading tactics used.
Robots and bots working on the swing or tumbler strategy, such programs use large price fluctuations, closing the previous order and opening a new order in the opposite direction.
Robots and bots that use order grids, such advisors build large networks of orders on the chart and close them partially or completely. Orders can be opened and closed in both buy and sell directions.
Robots and bots that trade on indicator signals, such advisors use mathematical calculation of the price chart. An indicator is embedded in the EA code that makes a mathematical calculation of prices and gives signals to buy, sell, or close an order.
The use of bot programs undoubtedly increases the efficiency of trading, it is important to maintain a balance between risk and return.