Classification Of Trading Robots
There are two different types of classification .Firstly level of automation and then internal specification and features.
Automation level Classification
There are two types of automated trading systems available: Fully automated and Semi-automated
A fully automated system does all trading activities from analysis to profit taking alone. It scans the market for setups, executes trades, exit automatically. Stop-loss orders, profit targets and trail stops are generated automatically and entered.
Semi-automated system uses does all the analysis in the markets based on the predetermined variables and notifies the user if there is any trading opportunity. The robots values for stop-loss orders and profit targets. However the major difference with fully automated types is that the trader on the semiautomated makes the final decisions on the execution part of all the values generated by the semi automated robot.
Second internal specification and features:
Fix api arbitration robots
Open trades based on historical movement of price allow zero risk parameter
They are based on resistance and support of pivot points and Fibonacci zones. It opens a huge number of transection in a fraction of a second.
Based on complex strategies with combined signals.
Algorithms based on a single indicator
Trades are generated from one indicator