Am I right that trading success depends on bot setup?
Posted in Tutorials by StefanBelo Tags: strategy
Generally, am I right that trading success depends on bot setup? To say by other words the human analyses the market and uses his conclusion for bot setup? Or maybe there is another situation here it doesn’t matter for the application where odds go, anyway we get the profit?
When trading your success depends on the right moment at what you enter on a market, as simply said you only profit when backing high and laying low, that is the only criteria you need to make a successful trade. A bot is just a program executing its algorithm at parameters you set.
A bot really does not guarantee you any profit, if you setup a trading bot at parameters to close your position for a profit or loss, then the bot will really close your position in the profit only if you run it in a time frame when odds goes down if you executed the back/lay trading transaction, but if your stop loss criteria are met (the odds goes up), the bot closes your position in loss.
