What is AlgoBot?
AlgoBot is fully autonomous; simply choose your preferred risk setting from conservative, balanced, or aggressive for your preferred time frame. It connects to all leading trading platforms via a third-party integration. Cornix, for example, connects AlgoBot with tier-one crypto exchanges like Binance and Bybit. While PineConnector bridges AlgoBot with MT4 and MT5, which are supported by hundreds of brokers.
AlgoBot will then trade on your behalf, using real or demo funds based on your preferences. AlgoBot can trade long and short, ensuring profits are maximized in all trading conditions.
AlgoBot leverages artificial intelligence, machine learning, and technical indicators like the RSI, MACD, Moving Averages, Bollinger Bands, and the Fibonacci Retracement. It identifies risk-averse entry and exit positions with sensible risk-management orders.
This happens 24 hours per day, 7 days per week. AlgoBot never sleeps, allowing users to trade the financial markets passively around the clock. Trade AUD/USD in the morning, BTC/USD in the afternoon, and the Hang Seng Index at night time.
AlgoBot is suitable for all skill sets – especially if you have little to no knowledge of trading financial instruments. Just remember, AlgoBot is fueled by artificial intelligence and machine learning, so it doesn’t suffer from fatigue or emotions. Nor does the bot ‘chase losses’.
It deploys emotionless trading strategies with best practices in risk management. It has the flexibility to adapt to all trading opportunities, be it scalping, intraday trading, or swing trading.
In addition, AlgoBot also offers semi-automated trading tools. Instead of allowing AlgoBot to trade on your behalf, it can distribute trading signals via Telegram. This alerts users when AlgoBot has discovered a new trade.
Each signal covers the financial instrument, whether it’s a buy or sell, and the entry, stop-loss, and take-profit order prices. AlgoBot can also be connected to TradingView. This option will appeal to technical traders who want to take a hands-on approach. AlgoBot can be installed into an existing TradingView chart. Or, you can create TradingView alerts, notifying you when a new reading has been triggered.
AlgoBot has also developed a proprietary Trader’s Toolkit. This comes with advanced charting software, backtesting facilities, paper trading simulators, and much more.
Read on to learn why AlgoBot is one of the best AI trading bots in the market, and how it helps beginners and experienced pros alike make long-term profits.
Choose your AlgoBot plan
Profit from the DAX with AlgoBot
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- Access to a single powerful indicator
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- Powered by AlgoBot
The most popular set of trading tools & signals ever created, powered by AI
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All Features:
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- AlgoBot Bands
- AlgoBot Volume
- AlgoBot ZigZag
- AlgoBot Members Community
- + all future Premium only indicators!
The most popular set of trading tools & signals ever created, powered by AI
You save 10% a year
All Features:
- AlgoBot INDICATOR
- AlgoBot Oscillator
- AlgoBot Decision Points
- AlgoBot Trend Channels
- AlgoBot Bands
- AlgoBot Volume
- AlgoBot ZigZag
- AlgoBot Members Community
- AlgoBot Decision Points Screener
- + all future Premium only indicators!
The most popular set of trading tools & signals ever created, powered by AI
You save 10% a year
All Features:
- AlgoBot INDICATOR
- AlgoBot Oscillator
- AlgoBot Decision Points
- AlgoBot Trend Channels
- AlgoBot Bands
- AlgoBot Volume
- AlgoBot ZigZag
- AlgoBot Members Community
- AlgoBot Decision Points Screener
- AlgoBot Malaysian SNR
- + all future Premium only indicators!
The most popular set of trading tools & signals ever created, powered by AI
You save 10% a year
All Features:
- AlgoBot INDICATOR
- AlgoBot Oscillator
- AlgoBot Decision Points
- AlgoBot Trend Channels
- AlgoBot Bands
- AlgoBot Volume
- AlgoBot ZigZag
- AlgoBot Members Community
- AlgoBot Decision Points Screener
- + all future Premium only indicators!
For data-driven traders who want to professionally backtest it all
You save 9% a year
All Features:
- ALGOBOT INDICATOR
- AlgoBot Crypto Signals
- AlgoBot Forex Signals
- AlgoBot Decision Points Screener PRO
- AlgoBot Oscillator
- AlgoBot Decision Points
- AlgoBot Trend Channels
- AlgoBot Bands
- AlgoBot Volume
- AlgoBot ZigZag
- AlgoBot Members Community
- AlgoBot Malaysian SNR
- + all future Premium indicators!
For data-driven traders who want to professionally backtest it all
You save 9% a year
All Features:
- ALGOBOT INDICATOR
- AlgoBot Crypto Signals
- AlgoBot Forex Signals
- AlgoBot Decision Points Screener PRO
- AlgoBot Oscillator
- AlgoBot Decision Points
- AlgoBot Trend Channels
- AlgoBot Bands
- AlgoBot Volume
- AlgoBot ZigZag
- + all future Premium indicators!
For data-driven traders who want to professionally backtest it all
You save 9% a year
All Features:
- ALGOBOT INDICATOR
- AlgoBot Crypto Signals
- AlgoBot Forex Signals
- AlgoBot Decision Points Screener PRO
- AlgoBot Oscillator
- AlgoBot Decision Points
- AlgoBot Trend Channels
- AlgoBot Bands
- AlgoBot Volume
- AlgoBot ZigZag
- AlgoBot Members Community
- AlgoBot Malaysian SNR
- + all future Premium indicators!
For data-driven traders who want to professionally backtest it all
You save 9% a year
All Features:
- ALGOBOT INDICATOR
- AlgoBot Crypto Signals
- AlgoBot Forex Signals
- AlgoBot Decision Points Screener PRO
- AlgoBot Oscillator
- AlgoBot Decision Points
- AlgoBot Trend Channels
- AlgoBot Bands
- AlgoBot Volume
- AlgoBot ZigZag
- AlgoBot Members Community
- + all future Premium indicators!
The Basics of AlgoBot
- For instance, let’s say that AlgoBot has identified a trading opportunity on GBP/USD, which is currently trading at 1.2750.
- AlgoBot concludes that GBP/USD is oversold based on various technical readings.
- Therefore, AlgoBot will enter a buy order on GBP/USD, to profit from a perceived price increase.
- The stop-loss and take-profit ratio could be 1:2 on a conservative risk setting.
- This means AlgoBot risks 1% to make 2% gains.
Alternatively, balanced and aggressive risk settings might adopt a 1:3 and 1:4 ratio on the same GBP/USD trade.
Once the Good-till-Canceled order has been entered, the trade will remain pending until the target price has been triggered. If the entry price target isn’t triggered within a predetermined time frame, the order will be canceled by AlgoBot.
From the user’s perspective, everything is completely automated. Once you’ve connected AlgoBot to a compatible third-party platform, you won’t need to adjust any trading parameters, watch over the market, perform analysis, or enter orders. These roles are reserved for AlgoBot. Users can sit back and enable AlgoBot to trade on their behalf. This makes AlgoBot a good fit for all investor profiles.
An AlgoBot Trading Example
Let’s move on to a relatable example of how AlgoBot works:
- AlgoBot scans the markets 24/7 looking for potential trading opportunities. It discovers a trio of technical alerts on the S&P 500.
- The S&P 500 is currently trading at 4,995.06 points. The bot concludes that the S&P 500 is oversold and due for a market reversal. Therefore, it will set up a long (buy) position.
- The bot is set to a ‘balanced’ risk setting. It opts for a 1:3 risk-reward on this trade. The Good-till-Canceled order is entered at 4,995.00 points. The stop-loss order is entered at 4,945.05 points. The take-profit order is entered at 5,144.85 points.
- Several days have passed and the S&P 500 has increased by 3%. This means the take-profit order price of 5,144.85 points has been triggered. In turn, the S&P 500 position is closed and 3% profits are locked in.
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