There are different names called for automated trading systems in the world of trading. Some of these are:
- Mechanical trading systems
- System trading and;
- Mechanical trading systems
What these automated trading systems do is to let traders create playbook with relation to entry as well as exit of traders for users. By the time that the system has been fully established, a computer will be running the trading activities automatically on behalf of the user.
Simplified Trading
These automated trading platforms are varying in complexity which could be based either on simple metrics similar to crossover or it could be composed of big selections of other metrics.
Such would be requiring the knowledge and experience of a programmer in order to implement the trading system and also, to better understand how it is used.
Crypto Bots on the Works
Crypto trading bots on the other hand is a type of software application that is tying itself to financial exchanges and oftentimes, these bots would be using APIs to ensure that it could easily absorb and process relevant info in useful manner.
Then after, by using the collected info, these trading bots will then generate both the orders for buy and sell as how it has interpreted the data gathered.