How do trading robots operate ?
The trader who intends to use a trading robot wants to automate his trading, so as to spend less time observing the charts, or, more generally, following the markets. Robots, on the other hand, can monitor the markets continuously around the clock.
Some robots are programmed to follow several markets, up to several dozen. An intraday trader cannot follow so many markets at once without jeopardizing theeffectiveness of his strategy.
Trading robots are designed to take multiple input parameters. The programmer also defines the conditions that will generate trading signals. The program will take care of opening buy and sell positions when a signal occurs.
The advantage is that even in an unstable and confused market, the robot can trade well without being influenced by factors outside the market.