What is trading?
Financial trading is no different from any other form of trading: it is about buying and selling assets in the hope of making a profit. Trading is a unique business: one of the most easy-to-understand ways to make money online but the toughest one at the same time. 90% of traders fail to make money when trading the financial markets. The numbers speak for themselves. Joining the top 10% always require hard work, patience, discipline, knowledge, as well as a genuine interest in financial markets.
At Bit Robot, we have learned how to be successful in trading the hard way. Our skills and experience enable us to provide you with efficient win-win solutions.
Automated trading allows traders to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer. The trade entry and exit rules can be based on simple conditions such as a moving average crossover. Simplistic approaches have to be avoided tough: Bit Robot professional traders know that there is no magic recipe. On the other hand, it is counterproductive to over-analyze the markets with tons of fancy indicators. In a nutshell, to achieve a high-quality automated trading system, one needs efficient technical analysis tools that can adapt by themselves depending on market conditions.
At Bit Robot, we have spent the last 5 years refining such high-quality bots. They offer four advantages in comparison to manual trading:
1. Minimizing emotions
By keeping emotions in check, traders typically have an easier time sticking to the plan. Since trade orders are executed automatically once the trade rules have been met, traders will not hesitate or question the trade. In addition to helping traders who are afraid to "pull the trigger," automated trading can curb those who are apt to overtrade — buying and selling at every perceived opportunity.
Our automated systems can generate orders as soon as trade criteria are met. Getting in or out of a trade a few seconds earlier can make a big difference in the trade's outcome. Markets can move quickly, and it is demoralizing to have a trade reach the profit target before the orders can even be entered. Our bots prevent this from happening.
Robots are never tired. They can operate 24/7. That is a great advantage to monitor every kind of market all around the world. The benefit of this system is that we can trade any market at any time of the day, regardless of where our traders are based. Our robots are trading 24 hours a day, 7 days a week.
Robots can process gigabytes of data per second. In Bit Robot ecosystem, no less than 63 software programs are permanently connected. It would take the human intervention of around 87,000 people at the same time to analyze so quickly and efficiently.
Cryptocurrencies and automated trading are our main areas of expertise, hence our Crypto-Bot!
This robot can trade in any kind of market condition. So, regardless of whether Bitcoin is on a significant uptrend or downtrend, our robots, which work via algorithms, can take full advantage of any movements, whether positive or negative, about the price of Bitcoin and achieve consistently high returns for our clients and us.
At Bit Robot, our directors come from an extensive IT background, and at the earliest stages of their careers, focussed mainly on digital assets.
Over time, our experienced staff have widened their spectrum of skills to every kind of financial markets.
We decided to create a bot for each main financial market due to discrepancies and opportunities across the categories.
For example, Bitcoin is decentralized: Bitcoin does not have a central authority. There is no central server; the bitcoin network is peer-to-peer. Conversely, the Forex market is heavily dependent on the central banks.
So, we can offer trading solutions using up to 4 bots! The crypto bot and the followings:
- Gold bot: we pay special attention to the Gold market. Both gold and Bitcoin have properties that are common to typical commodity assets, such as recognizability. Bitcoins have signature characteristics and cannot be counterfeited. Similarly, the purity of gold can be tested.
- Forex bot: it monitors around 20 currency pairs, including the major currencies: EURO, US dollar, GB Pound, Japanese Yen, Swiss Franc... There are dozens of currency pairs, but we focus on the most liquid ones and avoid exotic pairs whose trading fees are expensive (in terms of commissions, spreads).
- Stock market bot: it can operate on a handful of the most significant stocks and shares: US market (Amazon, Netflix, Facebook...), European market (Carrefour, Daimler...), Asian Market (Toyota, Samsung...)
Automated trading systems are a great way to make money. However, every powerful tool has some downsides: Although it would be great to turn on the computer and leave for the day, automated trading systems do require monitoring, especially during unusual market conditions like those we have encountered in 2020 due to the Covid19 pandemic.
So what is discretionary trading? That means trades can be taken outside of a rigid set of rules.
Trades can be entered or exited based on the understanding of the current trading conditions and underlying shifts in market participation.
The biggest pro of trading in this manner is that we can make decisions based on experience and judgment calls rather than being restricted to acting in a way that might not fit the current situation.
At Bit Robot, we have mastered the art of combining automated and discretionary trading. Here is one of our method:
- our trading robots mainly operate on short timeframes, they open and close positions within minutes sometimes seconds.
- the discretionary trading can take place as soon as a trade is opened: we are instantly receiving an alert. Based on the market conditions and the coming news, we may deactivate the robot and stay much longer, thanks to our human analysis.
This transformation from an automated short-term position into a manual medium/long-term position often results in a much bigger profit!
Remark: Our Supreme members (who invest in a Supreme contract) will directly benefit from this more advanced and combined automated/discretionary solution.