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published-date Published: May 9, 2023
update-date Last Update: October 27, 2023

How to use EAs (expert advisors) and trading bots?

At the moment, EAs and trading bots are not enabled on TradeLocker. But…

Are you an EA or a trading bot developer?

You could generate additional stream of revenue by copying what you already developed to TradeLocker.

If you want to help build the next-gen trading platform, we have a $1,000,000 fund dedicated for the people who can help us.

Interested in learning more? Visit TradeLocker Labs for more info.

What are EAs or trading bots?

EAs, or Expert Advisors, and trading bots are automated software programs designed to execute trades on behalf of the trader. These programs follow pre-set algorithms and trading strategies. They’re particularly useful for high-frequency trading where quick decision-making is crucial.

EAs can also backtest trading strategies using historical data, giving you insights into their effectiveness. However, they are not foolproof and still require monitoring. Market conditions change, and the EA must be updated to adapt to new situations.

Over-reliance on EAs can make a trader complacent and less engaged with market dynamics. It’s also important to note that not all EAs are created equal; their effectiveness varies. Overall, while they offer numerous advantages, they should be part of a broader, well-rounded trading strategy.


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