Trading robots, also known as automated trading systems or algorithmic trading systems, are computer programs designed to automatically execute trades on behalf of traders based on predetermined rules and criteria. These rules and criteria are typically based on technical analysis indicators and algorithms, and the system will enter and exit trades based on those rules without the need for human intervention.

Trading robots can be programmed to execute trades for a variety of financial instruments, including Forex, stocks, and commodities. They can be built to trade on any time frame, from short-term scalping strategies to long-term trend-following systems.

Trading robots work by continuously analyzing market data and making trades based on a set of predetermined rules. The rules can be as simple as a single indicator or as complex as a combination of several indicators and algorithms. The system will enter a trade when the criteria are met and exit the trade when the conditions are no longer favorable.

Trading robots use a combination of technical analysis, statistics, and mathematics to identify potential trading opportunities and execute trades. They can be backtested using historical data to evaluate their performance and optimize their settings for maximum profitability.

While trading robots can be a powerful tool for traders, they also come with certain risks and limitations, which include the need for continuous monitoring and maintenance, the potential for technical failures or bugs, and the risk of the system executing trades that do not align with the trader's risk tolerance or trading objectives.

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