Why use algorithmic trading?
Let the algorithm do the work. Once set up, your algorithm can trade around the clock without any intervention from you.
Improve your algorithm with historic data.
React quickly to extreme conditions such as major drops or increases in a given market. Algorithms allow you to programme a reaction in the unlikely occurrence of these events.
Remove human intervention
Let the algorithms predetermined instructions decide when to trade rather than your emotions.
What is algorithmic trading?
Simply put algorithmic trading allows you to use computer code (whether it be your own or a 3rd party off the shelf solution) to trade automatically when certain pre-determined conditions are matched in the market.
Algorithmic trading tools are available from trusted 3rd party providers including ProRealTime, Metatrader 4 (MT4) as well assign native APIs.
Chose your platform
Its easy to use.
ProRealtime allows you to create your own algorithms and is designed to make the process easy.
Off the shelf option.
Very well known and widely used. MT4 has a large community creating trading algorithms and this makes it good if you simply want an off the shelf package.
Build your own algorithm.
The most complex option aimed at those with the relevant skills in coding. API allows you to create trading algorithms so that you can automate trades on the platform.