Definition
A Trading Bot is an automated software program that executes cryptocurrency trades based on predefined strategies, parameters, and risk settings.
Trading bots can operate continuously across supported exchanges and follow rule-based or algorithmic logic.
Example in Context
A trader configures a bot to enter trades based on moving average signals and automatically manage exits using stop-loss and take-profit orders.
FAQs
Do trading bots guarantee profits?
No. Trading bots execute rules but do not eliminate market risk.
Can trading bots run 24/7?
Yes, if connected to supported exchanges.
Do I need coding experience to use a trading bot?
Some platforms offer configurable interfaces without requiring code.