Algo Trading, also known as Algorithmic Trading, is a type of trading strategy that uses computer programs to automate trading decisions. The decisions are based on the algorithm and predefined rules. The algorithm is designed to analyze the market data (such as volume, price, etc.) and then make trading decisions.
Let’s understand in simple words that Algorithmic Trading is a process of executing orders utilizing automated and pre-programmed trading instructions by using time, volume, and price.
“The Quickest way to Double your Money is to fold it in half and put it in your Backpocket ”.
– Will Rogers
Algo Trading is very famous in the world, but it is less popular in India. But it is now increasing day by day. You can also start your journey on this with our very powerful AlgoTrading Platform.
Advantages
- Auto-Login
- Remove Emotions
- Profitable Strategies
- Quicker Execution
- Backtest Strategies
- Save the Time
Conclusion
Algorithmic Trading uses computer code to take Entry and Exit in trades automatically once specific criteria are met.
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