Eternity Law International News Development of trading robots and terminals

Development of trading robots and terminals

Published:
March 30, 2021

Previously, a trader placed his order through a landline phone, and tracked quotes using newspapers. Computerization brought with it the first trading programs, followed by Internet trading. Because the amount of incoming information and the speed of its receipt is growing rapidly, people began to have trouble with manual trading on the exchange. Thus, automation became a necessary measure, which was due to the large volumes of incoming data – their manual processing became impossible and extremely inconvenient for quickly making the right decision.

Today traders use various programs and algorithms. For beginners, ready-made tools are the main help. It is very convenient for beginners to follow the already set rules without risking losing money or nerves due to inexperience. It is also a bigger help for hedge funds whose managers cannot afford to be wrong. Our developers offer the following customized solutions for those working in the financial market:

  • derivatives market;
  • stock market;
  • foreign exchange market – Forex and others.

Due to the predominance of certain emotions, traders drain their deposits. During emotional stress, traders are exposed to a large number of rash actions, in particular, premature closing of positions, overtrading and sitting out losses. Trading robots are designed to save people from such problems. They are also called bots or automated trading systems.

Robots are programs that automatically follow the trading strategy that was set by the user. They decide whether to sell or buy an asset based on algorithms that analyze and interpret market data, including order number, time, and price and trading volumes. Robots are a necessary trading tool, as they can analyze the market and quickly work with the resulting array of information.

Thanks to robots, people are freed from routine activities. Bots adhere to the strategy initially set by the user and instantly react to changes in market trends. In addition, robots can simultaneously process many parameters with equal efficiency, which gives them an additional advantage for trading.

Robots for traders

Robots operate on exchanges around the clock, making many more transactions than humans could. A huge number of algorithmic funds have already been created all over the world that trade profitably thanks to the work of bots. Robots help managers to improve the efficiency of control over portfolios, and from the flexibility to adapt to the conditions of any market and the independence of functioning determine the success of trading operations. Bots can be configured for different modes, for example, such as the following:

  • sending a signal at a time suitable for buying or selling. The user then only has to choose whether to make a deal or not;
  • work in automatic mode, when the bot trades on its own, and the user only checks the result of this work.

Trading robots, which the user orders on an individual basis, are developed according to specific production strategies and have separate preset parameters. When signals are identified, they determine whether it is advisable to enter into a trade or it is better to wait it out. Robots are looking for the most profitable deals and are able to find them even under low volatility conditions, that is, when it is already extremely difficult to change the direction of the trend. Their algorithm is designed to achieve profit, taking all its potential from the situation.

Development of electronic trading platforms – trading terminals

For three decades, participants in financial markets have been using trading programs. Initially, they were quite expensive and only hedge funds could use them. However, global computerization has made them available to brokers and private traders as well. Today, any professional can use such programs in order to buy a ready-made application, or order the development of a new trading terminal with the required set of functions.

A trading terminal is a software that displays market data and simplifies transactions within it. At the same time, it is not directly an exchange, but only provides opportunities for a speedy and efficient connection to it. The terminal processes the received information, based on which charts and reports are drawn up, the necessary parameters are placed in indicators, etc.

Terminals must be compatible with specific exchanges. As a rule, supported and recommended programs are listed on the website of each exchange. To be able to trade through them, you need to create an account and connect to the exchange via the API. After the integration is completed, the application starts processing the data received from the specified exchange.

Trading terminals for traders

Terminals are often also referred to as electronic trading platforms. Before the universal coverage of the global network of all industries and industries, they were predominantly desktop programs. Today, online platforms and mobile trading applications have been popularized, which have basic platform options. When choosing a terminal, an experienced trader pays attention to the following parameters:

  • maximum set of tools for analysis and trading operations;
  • the ability to install on different devices – tablet, phone, PC;
  • settings;
  • interface correction.

Traders looking for a comprehensive technical analysis use the terminal to trade commodities, currencies and securities, as it differs significantly from the structure of the exchange. Quality terminals combine a variety of technical analysis and market surveillance tools.

A custom-designed terminal is a tool that you can easily master and that will be completely adjusted according to your needs and wishes. Our experts are ready to discuss the option of creating even the most specific project. Contact us and we will provide you with a comprehensive consultation.

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