05/09/2022
Almost 90% of all forex trading is done using trading robots, thanks to AI. But how & who is building this technology?
At the most basic level, an algorithmic trading robot is a computer code that has the ability to generate and execute buy and sell signals in financial markets. The main components of such a robot include entry rules that signal when to buy or sell, exit rules indicating when to close the current position, and position sizing rules defining the quantities to buy or sell.
There are a number of strategy types to inform the design of your algorithmic trading robot. These include strategies that take advantage of the following (or any combination thereof):
📰 Macroeconomic news (e.g., non-farm payroll or interest rate changes)
🧮Fundamental analysis (e.g., using revenue data or earnings release notes)
🔢 Statistical analysis (e.g., correlation or co-integration)
📈 Technical analysis (e.g., moving averages)
🧱 The market microstructure (e.g. arbitrage or trade infrastructure)
This is then followed by extensive backtesting. Backtesting focuses on validating your trading robot, which includes checking the code to make sure it is doing what you want and understanding how the strategy performs over different time frames, asset classes, or market conditions.
The Simply Bots team includes advanced and experienced technologists who continuously build, test & iterate the Simply Bots Algorithm, coupled with utilising the latest in machine learning and AI. This advanced technical knowledge combined with decades of experience in financial servers from the founder & CEO, Matthew Footner means the two are perfectly aligned to maximise profits & minimise risk when trading the Forex Market.
