In summary, it involves programming trading decisions into an algorithm. This algorithm continuously analyzes market data and executes trades based on a set of predefined rules, conditions, and parameters.
Automation can increase your efficiency, reduce the time required to manage your trades, and enhance accuracy. It also allows you to trade across multiple markets, strategies, and timeframes simultaneously.
*Eliminates human error and emotional decision-making.
*Enables trading in markets 24/7.
*Facilitates quicker and more timely decision-making.
*Optimizes risk management and loss reduction.
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