What are trading robots?
A trading robot is an automated trading system that trades on financial markets. Programmed according to certain parameters, the robot analyses prices and finds the exact spot for entering the market and places a trade.
Which assets are robots suitable for?
The best robots usually are the ones that are programmed to trade a single asset. Since favorable trading conditions are important for automated systems, traders mainly choose Forex Majors due to the tight spreads and higher liquidity.
Robots usually offer profitability of 20% to 80%. The numbers may differ depending on the type of the robot and trader’s goals. An average robot pays off in 1-2 months’ time