If you do put your trust in automation, do not get complacent. This was highlighted in the ‘Market Wizards’ book series by Jack Schwager, when he interviewed successful automated day traders. All stressed they were highly involved with expert advisor programming creating automated trading systems in mql their automated strategies, so don’t take a back seat to your trading.
Automated trading systems — also referred to as mechanical trading systems, algorithmic trading, automated trading or system trading — allow traders to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer.
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