Bot Wizard versus Bot Executor
Posted in Tutorials by Stefan Belopotocan Tags: strategy
Is it enough for my purpose to use Auto Trader or I need to use Bot Executor? Am I right that Auto Trader is some simple solution but Executor gives us more possibilities to get more complicated setup if we need it? So what of them I need to work?
The bfexplorer for bettors offers 4 bot wizards which executes the base logic for simple bet placing or trading. If you want to use the Auto Trader bot first you need to know what trading algorithm this bot executes. In the documentation you can read this bot opens its position by using the “be the first in queue” strategy. If you want to use this strategy then yes you can use this bot, if not you can use the other trading bot: Place the Bet and Close Position.
Any bot logic the bfexplorer offers can be divided into two parts the market or selection criteria evaluations and the direct action which the bot executes, it can be just one bet placing or trading.
The Bot Executor extends the possibilities which this action bots offers simply by providing the possibility to extend the market or selection criteria, so then the bot executor executes the action bot only when those criteria are met.
The Bot Executor also offers possibility to create different parameter settings for offered bots, so this way you can prepare a set of bot criteria settings you use most and when you decide to execute it you simply select it in the Bot Executor and executes it on selected market just by one click without need to enter bot parameters as it is when using a Bot Wizard and without selecting particular selection as your bot criteria setting can include information on which selection you want to place a bet or execute trading.
