It is not surprising that each trader strives to get maximum profit from the highly potential financial market, reducing all possible risks and efforts to a minimum. Especially, this is true in case of Forex traders, who are tied to the exchange working in a non-stop mode. Here, at Nordman Algorithms, we offer our clients, who value their time and high incomes, such an optimal software solution as automated trading bots (cBots), namely cAlgo and cTrader bots. Their aim is to automate trading process and execute all financial operations according to the accepted trading rules. We develop each new bot in a custom format in order to meet specific requirements and peculiarities of your business.
The fact is modern bots significantly simplify the way we interact with money and other typical things. We can hardly imagine a sphere which benefits from the automated bots more than a financial market. Their indubitable advantages include high speed and general performance rate, fast and accurate search, ease of use, and naturally, full automation. As we’ve told earlier, the automation is a core feature of successful trades since it eliminates the necessity of sitting in front of a computer to monitor the market with all its changes round the clock. CAlgo bots and cTrader bots perform all these tasks on their own during working days, constantly providing you with realtime updates and instantly making winning decisions.
Moreover, automated trading bots solve a significant problem of “the human factor”. Sometimes, our psychology causes circumstances that are pretty hard to be predicted or even prevented. For example, it can be a simple inattention when you confuse some numbers or letters. To solve this, the automated bots have a great capacity to perceive and analyze huge volumes of data absolutely correctly and accurately that is impossible for the human brain.
Let’s dig deeper. We can get into more severe situations that evoke a whole spectrum of emotions and feelings like fear, greed, anger or despair. Such psychological aspects can impact on our decision and actions, finally leading to the failure. Luckily, bots don’t have emotions, so you can fully rely on their rationality and stability in serious matters.
Development of the automated trading bot is an extremely serious task, because you are going to make investments using this automated software. It is a tool by means of which you are going to manage your real money. That is why the trading software should be developed in a stable and reliable manner, taking into account every possible case that may happen while your trading robot runs.
In addition to the well-developed functionality and security, it is necessary to give careful thought to a strategy of your bot, a set of parameters, which it is oriented on when trading. Typically, the owner sets it manually, and then, in fact, it is the trader’s strategy integrated into the program. However, the fewer settings the bot have, the lower degree you can influence the strategy is. Accordingly, the more such parameters you implement, the more profitable this bot can be in the hands of an experienced trader. For beginners, it is recommended to use common variants of strategies with all parameters included. There are stock market strategies, strategies developed for certain pairs of currencies, and so on. Anyway, we develop tailor-made trading bots with unique strategies and sets of parameters for giving you a possibility to stay afloat in this highly competitive and risky area.
Our rich experience in automated software development allows us to implement stable and reliable cBots of any complexity that are maintainable, extendable, and matching your trading strategy. Precisely, it can be:
Trend following cBot
Flat trading cBot
News trading cBot
Indicators based cBot
If you want to get a free quote and time estimation for your cBot development, please feel free to contact us, describing your project in as much detail as you can or want to.