Hi everyone,
I've been trading for a little while now but have no clue about Bots and what they are able to do. I understand that a bot can execute certain stratgies that are soley based on indicators. Meaning, if price is overbought and some other indicators align, a bot would be able to execute it, I assume.
In my case, there is alot of PriceAction involved, which is hard to copy. So, I was wondering, what are the limitations of a bot? Is it possible to code a bot that can register counter candles and their number, steepness of EMA ?
Is it just a matter of finding different indicators that can do all those things and let a coder programm those into a bot?
I hope it is somewhat understandable what I'm asking here.
Thanks in advance,
I've been trading for a little while now but have no clue about Bots and what they are able to do. I understand that a bot can execute certain stratgies that are soley based on indicators. Meaning, if price is overbought and some other indicators align, a bot would be able to execute it, I assume.
In my case, there is alot of PriceAction involved, which is hard to copy. So, I was wondering, what are the limitations of a bot? Is it possible to code a bot that can register counter candles and their number, steepness of EMA ?
Is it just a matter of finding different indicators that can do all those things and let a coder programm those into a bot?
I hope it is somewhat understandable what I'm asking here.
Thanks in advance,