PROS AND CONS OF TRADING ROBOTS

 Modern traders actively use the crypto bot These are automated trading programs that can replace the human presence in exchange transactions. A trader can partially control the robot (for example, independently make decisions about entering / exiting a trade) or completely transfer his trading to the control of the program, thus eliminating the need to constantly sit at the monitor and observe the market. Are trading robots useful and is their use in trading justified? Let's consider their advantages and disadvantages.

POSSIBILITIES OF TRADING ROBOTS

Robots operate in accordance with mathematical algorithms, they can track changes in indices and quotes, analyze the data obtained and, on their basis, make decisions about buying / selling and conduct transactions. Robots are able to carry out many more transactions than a trader in the same period of time, because assess the market and perform all operations much faster than a person. The robot can also generate trading signals for the trader. In this case, the person makes the final decision on the transaction.

PROS OF TRADING ROBOTS

The use of robots gives the trader a number of advantages and simplifies the trading process. Why robots are convenient:

1. Saving time. There is no need to constantly be near the computer for fear of missing out on a profitable opportunity in the market. It is enough to configure the program correctly, and it will trade on its own.
2.       Trading robot you are beyond emotions and not make a mistake because of the fear, greed or panic. And they will not succumb to unreasonable euphoria and will not exceed the volume of transactions, increasing the risks.
3. The robot simplifies market monitoring and analysis by quickly finding trades that suit the trader's trading style.
4. The robot can be customized for different strategies depending on the trading style.
5. The capabilities of the robot significantly exceed those of the human. The program can simultaneously monitor several currency pairs and financial instruments, and thus not a single profitable opportunity that fits into the trader's strategy will be missed.
6. Lack of random errors. The robot does not make mistakes in calculations and does not make mistakes that a trader can make due to inattention or fatigue. The program will never put an extra digit or comma in the wrong place, and will always correctly calculate the size of a trading position.
And most importantly, the robot can be improved. The trader can change the parameters of the program and the terms of transactions. The trading algorithm can be supplemented, rewritten and adjusted according to new parameters.

Cons of trading robots
Along with advantages shopping ro bots have their limitations, which may adversely affect the results of operations. These include:
1. Difficulties in creating a robot. This requires special skills and knowledge of programming languages. Not all traders have this knowledge. Therefore, it is often necessary to entrust the development of a robot to a third-party specialist - a programmer. But in this case, there is a danger that he will misunderstand the instructions of the trader, and an error may creep into the algorithm.
2. The robot has limited analysis capabilities. He is able to conduct only technical analysis and cannot assess fundamental factors (for example, the impact of news on currency quotes).
3. The robot does not know how to find a way out in emergency situations. For example, in case of unexpected force majeure situations in the market, disconnection of the Internet connection, or computer freezing. In this case, the robot will not be able to close the position.
4. The risk of facing scammers. You can buy ready-trading robot, but in this case there is the danger of running into a phony promise "golden mountains", but in reality selling a poorly designed program that carry high risks and not making it possible to profitably  trading amb . 

In addition, a periodic revision of the trading algorithm is required. As a rule, a robot is created for one market condition, but the situation changes over time, fluctuations, declines and rises occur in the markets. The very logic of market behavior is changing, so a robot that previously showed good results may lose its relevance after a while. 

So, we have considered the pros and cons of using trading robots in transactions in the market . Their advantages make life much easier for a trader and make it possible to increase the number of profitable trades. At the same time, trading with robots carries with it risks, so it is unreasonable to rely on them completely.

A trader must always keep the situation under his control, monitor the market, be well versed in the processes taking place on it and control the trading robot, changing, if necessary, the algorithm of its operation. And it needs to constantly expand their knowledge in trading, read professional literature, attending courses or pass  used espl atnoe trading training . You cannot completely let everything take its course, with this approach you can lose your deposit. It is especially important to help the robot in emergency situations. But if used correctly, the trading robot will generate income.