About TorroBot

Trading robots are essentially programs that are able to exchange in automatic or semi-automatic mode. Trading robots can be used in a wide range of markets, including Forex, stocks, cryptocurrencies and various derivative instruments. These robots operate according to a strategy made of basic rules.

Each trader is able to select the most appropriate trading strategy, keeping the ratio between the amount of profit from one order and the chance of this order execution in mind. Many traders prefer to make fewer orders, but generate more revenue. To monitor the current state of the market they use special trading terminals with sound or SMS notifications in case of a successfully executed order. However, proper conditions for an order can be met in a couple of days or even weeks. The main disadvantage of this strategy is its instability and unpredictable nature.

Trading robots can be used to solve this problem. Unlike traders, bots can monitor prices 24 hours a day, 7 days a week. Every trader needs to rest, because constant monitoring causes tiredness, which can result in mistakes and significant losses, while the robot follows a selected strategy and simply can’t make a mistake. Furthermore, the robot monitors the exchange rates up to several times a minute and will perform required actions faster than any trader.

The trading robot is the perfect solution for the automation of routine tasks, which have to be performed every day and every hour. The logic of the trading robot has to be clear for the trader – it’s not recommended to use complex systems, which look too difficult.

In general, the trading robot allows the trader to select an optimal strategy with the proper number of orders and adequate profits. This approach allows more efficient use of the trader’s time. The trader will move to the next level after increasing the number of executing orders and automating the majority of routine procedures.

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