Automated Trading.

Hi guys. In this modern era, technology has really changed everything also in trading as well. We now use automated trading software to get more profits in less time.So, today I'll be writing about the advantages of automated trading.
First of all, what is an Automated Trading System?
Automated trading systems also referred  as mechanical trading systems, algorithmic trading, automatic trading or system trading - allow traders to make special rules for both entry and exit trades.And that's something you should DEFINITELY be doing.
Which, after being programmed, can be automatically executed via a computer. In fact, about 75% of shares are traded on the U.S. stock exchange. comes from an automated trading system.
Rules for entering and exiting trades can be based on simple conditions such as moving average crossover or they can be complicated strategies that require a comprehensive understanding of specific programming languages ​​for user trading platforms.
They can also be based on the expertise of a qualified programmer.Automated trading systems usually require the use of software that is connected to a direct access broker, and any special rules must be written in the language of the platform.
The Trade station platform, for example, uses the EasyLanguage programming language. On the other hand, the NinjaTrader platform uses NinjaScript. The figure below shows an example of an automatic strategy that triggers three trades during a trading session.
Advantages of Automated trading systems
Here is a long list of advantages of having a computer monitoring the market for trading opportunities and carrying out trade, including:
Minimizing emotions
The automated trading platform minimizes emotions during the trading process. By controlling emotions, traders usually have an easier time to stick to the plan.
Because trade orders are executed automatically after trading rules are met, traders will not hesitate or question trade.
In addition to helping traders who are afraid of "pulling the trigger," automated trading can curb those who tend to overtrade - buy and sell at every opportunity available.
Backtesting
Backtesting applies trading rules to historical market data to determine the feasibility of an idea. When designing a system for automated trading, all rules must be absolute, without room for interpretation.
The computer cannot make a guess and must be told exactly what to do. Traders can take this exact set of rules and test them on historical data before risking money in direct trading.
Careful back testing allows traders to evaluate and perfect trading ideas, and to determine system expectations - that is, the average amount a trader can expect to win (or lose) per unit of risk.
Maintain discipline
Because trade rules are made and trade execution is carried out automatically, discipline is maintained even in turbulent markets. Discipline often disappears because of emotional factors such as fear of loss, or the desire to get a little more profit from trading.
Automated trading helps ensure discipline is maintained because the trading plan will be followed correctly. In addition, "pilot error" is minimized. For example, an order to buy 100 shares will not be incorrectly included as an order to sell 1,000 shares.Achieve consistency

One of the biggest challenges in trade is planning trade and trading the plan. Even if the trading plan has the potential to be profitable, traders who ignore the rules change whatever expectations the system has.
There is no such thing as a trading plan that wins 100% at any time. However, defeat is part of the game. But losses can be psychological trauma, so a trader who has two or three consecutive losing trades can decide to go through the next trade.
If this next trade will be a winner, traders have destroyed whatever expectations the system has. The automated trading system allows traders to achieve consistency by trading the plan.
Increase Order Entry Speed
Because computers respond immediately to changes in market conditions, the system can automatically generate orders as soon as the trading criteria are met.
Entering or exiting from a trade a few seconds before can make a big difference in trading results. As soon as a position is entered, all other orders are generated automatically, including a protective stop loss and profit target.
Markets can move quickly, and demoralization has trades reaching profit targets or exceeding stop-loss levels - before orders can even be entered. Automatic trading systems prevent this from happening.
Trade Variation.
An automated trading software allows users to trade multiple accounts or various strategies at once. This has the potential to spread risk to various instruments while creating a hedge against losing positions.
What would be very challenging for humans to achieve efficiently carried out by computers in milliseconds. Computers can scan trading opportunities in various markets, generate orders, and monitor trades.
So, was it helpful? And let me know that you want me to cover any topics for you.