Robot traders have been used in digital currency investment markets for a long time, but currently 80% of the stock market is managed by these robots. The use of robots has entered the markets for some time and is used because of their ease of use. In the traditional financial market, there are specific times for activity; At certain times, they have limited fluctuations and in these times traders can manage their transactions. But the cryptocurrency market operates at all hours of the day and night and has no closing time. Traders must be on the system 24/7 in order to make their trades with maximum profit and minimum loss. Being in this market 24 hours a day is definitely not possible for anyone. So at this time, robots come to help humans and these robots act as a trading assistant.
Mission
The trading robot has the ability to buy and sell fully automatically based on various algorithms, in the conditions desired by the trader.
Automatic trading robot
The trader robot works according to the algorithms that its manufacturer puts in the software configuration. These robots are far from human emotions, unlike traders who sometimes trade emotionally and emotionally, and proceed strictly based on technical analysis. Robots succeed or lose in the forex market according to the understanding and vision of their creators. If the indicators are not set correctly for the bot, the bot will not stop the error process. Therefore, the accuracy of determining the index in these software is very important.
Processing large volumes of data
Another reason to use trading robots is that humans are limited in processing data, but the use of artificial intelligence has the ability to process several times in a very short time.