Dear Community,
I am very new to the trading world and have been self educating myself through some online courses. I saw some articles on robotics and algorithmic trading.
Does that actually work? If so, can anyone recommend some successful ones to validate my signals please?
Also, any recommendations on the best indicators to use please? There are so many and it is hard to keep up with all of them.
Thanks
Hi,
I know a lot of people with geeky backgrounds want directly to get into coding a bot or some sort of automatisation when they get into trading.
But before wanting to automate a thing (in this case we’re speaking about scalping/day/swing/position trading) , you have to be able to do it manually.
Next and very important, most “trading” bots are working on strategies such as arbitrage, market making, or HFT (high frequency trading, do not confuse it with scalping).
Those bots can indeed be profitable, but the profits are minimalistic, and require you to already have a gigantic sum of money to actually get a few bucks out of it.
Although the ideas behind arbitrage and market making bots can seem simple, those are two subject that can need very extensive knowledge to be able to implement successfully. And concerning HFT, you need crazy knowledge, and extremely crazy and expensive architecture.
When correctly implemented, those 3 methods are usually low risk, but never totally devoid of it.