The program automates transactions on the stock exchange. The robot contains an algorithm that decides when to buy, when to sell, what factors to consider when making transactions and what not to take into account at all. For successful trading, a trader must keep in mind the statistics, corporate reporting of companies and at the same time monitor the news background. He must also analyze quotes charts, research historical data and the macroeconomic situation in different regions. This is exactly what the trading robot does, saving the trader from having to keep a huge amount of data in mind when making decisions about transactions. The robot simultaneously analyzes news, charts, quotes, company reports and compares it all into a single picture, making a decision and making a deal with lightning speed. Like most software, the exchange robot requires updates from time to time.
Market conditions change and trading software needs to be updated along with it. If the software is not updated, then it is likely that the robot will have a very short lifespan. Robots written and maintained by experienced traders and programmers have the highest chance of keeping the software profitable in the long run. .