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October 13, 2020 5 min
There are many ways to use a trading robot and here are some of them:
  • to close trades only - such robots usually perform custom trailing stop (custom because most of the platforms offer integrated trailing stop and you need a robot for that only when it differs from the original) but also can be used for other complex rules when stop-loss and take profit are not enough.
  • to test a strategy - sometimes you have an idea for trading, you have clear rules when to open and close, and you want to see how this works.
  • You can see several cases, but only a trading robot can test all cases and give you a result of what will happen if those rules were applied in the past.

    The most simple way is to use a trading platform that has integrated robots support.

    Opening a position may look simple for a human, but there are many things to take care of if you are using a trading robot.

    Episode supported by Forex Poland

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