At the most basic level, algorithmic trading strategies use computer code to trade assets in an automated manner. Algorithmic trading strategies are often called automatic trading strategies, and, in retail markets, are generally referred to as trading bots.

In this guide, you will discover four popular algorithmic trading strategies you can use to trade digital assets.

Why Trade Using Bots?

Algorithmic trading comes with several advantages over “human trading.”

First of all, trading bots continue to run until stopped. This is excellent in the digital asset markets, which never close, so the bots can trade 24/7/365.

A second advantage is the speed of algorithmic trading. Trading bots can open and close trades faster than the blink of an eye.

Thirdly, and perhaps most importantly, algorithms trade without emotions. No greed, no fear, no elation or depression. They simply process trades according to the instructions they’ve been programmed with.

All of these things help algorithms maintain profitability, so which algorithmic trading strategies are best for trading digital currencies?

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