Trading, as a profession, requires a lot of patience, dedication, and resilience. The traders need to remain highly concentrated on their trades and must not let their minds wander away. However, all this is easier said than done. Each trader knows that he must not lose his calm and concentration, yet on numerous occasions, the traders get affected by the emotional and psychological factors and end up making decisions in a biased condition. These are a few unavoidable and human errors that can now be taken care of with the advent of technology. Algo trading serves just the same purpose.
It is a computer-automated service that helps us to trade without any manual effort. Technically it works as an interface between a trading system that generates Trade signals and your Trading Terminal. Whenever the trading system generates BUY/SELL or SHORT/COVER signals it is read by Auto Trading Software. It will send the corresponding orders to your trading terminal which will be executed immediately. It uses Machine Learning and Deep Learning techniques to identify the trading uplifts and downshifts and gives a predictive analogy of the investment.