What are trade bots? Robot traders explained!

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There’s nothing more enjoyable than trading for a living. You basically sit there, and exchange money for other things of value and then back again. Rinse wash repeat, and you can certainly support yourself taking small profits every so often — or heavier ones, usually less often!

Eventually, all traders will settle into a routine they’re comfortable with. They’ll build up an overall strategy of smaller strategies ranging in complexity and different input variables — from indicators to position sizing, there’s a lot to consider!

What’s important is that it’s easy to make a day’s salary in one trade, with very little investment. It’s also easy — probably easier — to lose your entire nest egg in that same day. Remember, invest only what you can afford to lose!

Let’s discuss a bit about the history of consumer-level trade bots, how trade bots can be used by near-infinite amounts of money by institutions, and how we can make money today using trading bots!

Most consumer-level brokers over recent years have offered a universal integration for people to day-trade: it’s called MetaTrader, and most popular of the versions is MetaTrader 4.

It included all sorts of handy features and could trade anything you could imagine — from stocks and derivatives to commodities and forex, it was easy to win or lose quickly and with a laugh or a tear.