If you have decided to give automation here is deeper look into figuring out the success of strategy underlining your bot’s trading behavior and beyond.
Traders love arbitrage. It’s simple: buy slightly lower on one exchange – sell slightly higher on another. No debates if technical analysis works, where the market is headed or if we’re in for a reversal soon. Just quick profits, for those quick enough to execute.
So how come CLEO.one does not provide an out-of-the-box arbitrage crypto trading bot? Because we tested many variants and the user always ends up losing money. We cannot recommend something that we see no proof is working. No matter how popular.
Algorithmic trading, trading bots and automated trading are all the same thing. A strategy is made into a program and then gets executed automatically without the involvement of the trader once strategy conditions are met. The practice is so common that it is estimated that 75% of stock shares traded on U.S exchanges originate from automated trading systems.