Does anyone has any idea for trading bot strategies?

Question

Joanna · Accepted Answer

I use bots but on the hourly time frames for forex, because after a lot of testing, i figure that bots are useless at lower times, because there’s better faster bots trading on the lower frames especially on the main currency pairs. I’d rather try to gain 200 pips per trade over a few days, on each pair I trade, (not the main pairs usually) rather than trying to scalp the same amount.I guess the same is true for stocks, at some timeframe 1H, 4H, Daily, the noise of the short term traders smoothes out, and you can out smart the bots.It's extremely hard to make a bot that works on lower time frames as an individual, Rest API’s and python, are quick enough, by the time you got that last closed candle, ran the calculations, and then send the order, its probably less than a second, and lets say your trades peaks in profit, its going to take another second to close it. Which is ok on the 1 min frame, but anything less, nah. Plus as individual you need a huge lot size (=big account) to get any $$ out of 1–3 pips. I’m still testing it, because it would be “fun” but thats what demo accounts are for :-)

Does anyone has any idea for trading bot strategies?

1 Answer

1 Answer

Does anyone has any idea for trading bot strategies?

1 Answer

1 Answer

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