18

The process of creating a trading robot

The main advantage of the time we live in is it provides the technicians with tools and ability to create the electronic solutions to maximize the impact of one’s efforts at trading. The advantages of algo trading is obvious, one may ask oneself how the process of creating a functioning system to deliver the most outstanding results actually works? The main task of a trading robot is to put accurate prognosis on future events, making profit of it in a way the human mind alone would never be able to achieve. Moreover, a well-built trading robot will be capable of performing with high accuracy for the long run as well, taking into account the various shifts of the market.

Steps towards building trading robot

Creating trading robot requires much more than computer and an operating system to run the MetaTrader 4, a platform based on MetaQuotes Language 4. This language is being used for coding trading strategies which will be the robots’ core. This is not the only platform available, but it can be used for various types of trading: equities, commodities, Bitcoins abd equity indices thorough CFD. This platform is not suitable for stock and future market though. If you need a highly intelligent robot to ease to process of trading on various markets for – you won’t do without the help of professionals.

Coming up with the right strategy

Beyond the technical aspects, the main work in creating the trading robot requires coming up with an algorithmic trading strategy that fits the current state of the market and the economy. Next, it is necessary to define the information your robot will need to process and which output you’d expect from it. One person is unlikely to grasp the data of markets, worldwide economy and changes of climate over a long timeline – in order to gather, process and input all the data required for a successful robotic analysis, there’s a need for highly trained programmers, mathematicians and market analysts.

Strategy and testing – the key components

In order to know whether your robot is actually working – it’s best to test it as extensively as possible before making any trades based on the information it provides. Strategy includes such factors as:

  • Trading capital
  • Personal risk profile
  • Time Commitment

Testing a robot requires a lot of time and large team to conduct extensive research. Always seek the help of a company who delivers the results of their testing in the most transparent and open way.

The profit of creating trading robot with professionals

Having a professional company with vast experience of creating performing trading robots is the best way to get the best product – the one that would help you to earn money. Making sure you’re working with the right company and checking the results of the testing personally may provide you with the most reliable robot to conduct the best of trades.