Automated Trading Robots are software designed to automatically trade the strategies of your choosing through Interactive Brokers. There are robots for different types of platforms and different feature.
Here are some of the features to expect in a good robot. Totally the least demanding approach to begin robotized trading no coding required! Completely robotized trading with low Interactive merchant’s bonus rates Full control over what gets traded through the robot. Naturally execute one or numerous trading methodologies. Defensive stops and other exit orders are hung on a server, so constantly ensured. Incorporate an assortment of exit orders including stop misfortune, time quits trailing stops, and targets.
Naturally scale out of positions at the sum and value you arrange. Utilize an Alert to Exit a position in light of the consequences of a Trade-Ideas alert strategy. Utilize a Trend Exit to incapacitate a strategy totally when the general market shows a specific conduct. Set a most extreme number of requests to be sent per strategy.
The robot provides the best performance statistics Break down robot’s performance by strategy access meaningful statistics that show where you can improve your strategies. Candlestick charts generated for each trade with your entry, exit, and stop all, plotted right on the chart.
Trading Account with an accredited brokerage is an initial small investment. An Interactive Brokers brokerage account or you can test it out with the demo account. What if my Internet connection goes down? You’re still protected. All orders that the robot sends are held on the brokerage servers. In the event your Internet connection goes down, they’ll still be active.
The unique architecture of the robot only makes the initial entry order for a trade active after all orders have been transmitted successfully to Interactive Brokers. This means there’s no chance that your entry order will be entered without your exit orders.
Interactive Brokers offers a demo account with each real account that can be traded with real-time data. You can buy and sell exactly as you normally would accept there’s no real money at stake. This is a great way to test strategies with real market data before putting money at risk. Some brokerage and systems will allow a free trial.