Development of Robo Traders (Automatic Trading Systems)
Robo Traders are programs that interact with exchanges automatically following the strategy set by the user. They decide whether to buy or sell an asset based on algorithms that analyze and interpret market data. The analyzed data are usually the following: traded value, number of orders, price and time. Robots are a necessary trading tool; they are able to analyze the market and work on the basis of the received data array.
An automatic trading system relieves traders from routine actions, adheres to the established strategies, and also instantly responses to market movements, which is especially useful for scalpers. An additional advantage of trading with it is that the system can simultaneously process a large number of parameters. Not a single person would have coped with such a task quickly, added to everything else, without unnecessary losses.
What Robots do Traders Need?
Working around the clock, robots conduct many more transactions on exchanges than humans do. For example, on the London Stock Exchange, they account for almost half of all transactions. There are already a large number of algorithmic funds operating in the world that successfully trade thanks to robots. A Robo Trader helps to increase the efficiency of a managing trader, and the flexibility of settings for any market and autonomy determine the success of a trading system. It can be configured for different operating modes:
1. Signaling of a suitable moment for buying or selling when the user then only needs to choose – to make a deal according to a signal or not.
2. Automatic mode, in which the robot will independently perform actions, and the person can only control the result of his work.
Robots are designed with specific parameters necessary to select favorable solutions. By identifying signals, they determine when it is appropriate to trade and when it is best to observe the situation. Robots look for profitable dealings even with low volatility, when the direction of the trend is not clear. Algorithms are capable of making a profit on every dealing, even if there are only a few of them. When there is an unexpected breakout of a range, they can go in first and take full potential out of it. Finding a trend to follow can easily be imposed on such attentive helpers.
The development of automated trading systems requires knowledge and skills in two areas at once – stock exchange and programming. Our specialists already have a sound experience in developing robo traders in conjunction with a team of traders.
We can develop a robot for various exchanges:
● Traditional exchanges (MICEX, LSE, NYSE, Nasdaq, etc.)
● Electronic money exchanges (Webmoney Exchanger)
● Cryptocurrency exchanges (Binance, Bitfinex, Bitstamp, Exmo, etc.)
The cost of creating a robo trader (automated trading system) starts from 1.000 USD.