How is algorithmic trading used in the stock market?
Asked by Bhuvana Last Modified
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Algorithmic trading is nothing but developing a set of rules and then let algo do all the work for us. There are many platforms which let us do Algo Trading like Algotest, Quantiply. I personally do Algo trading.
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Algo trading is nothing but your strategy written in a code. Only thing which changes is the human emotions. As algo take trades on your behalf without any emotion and thus reaping a good result if the strategy is good.
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Algo trading is like a robo trading setup, you can create your strategies and make your algo system there are many third party apps are allowing you to create your strategy but make sure, it should be trustable.
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You need exact buy and sell conditions for example buy price crosses up EMA and Sell when x% reached or price crosses below EMA. and write code for it backtest it and deploy yor strategy. no mauual buy sell required.
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