With the introduction of technology, currently, there are around 60 – 70% of total trades are happening through automated systems only.
All big players / institutions / banks have access to more resources and better technology which leaves very less edge to the manual traders and very small percentage of trades are executed manually.
Below is the list of reasons why you should go for the automation. Although this is not the exhaustive list.
- Eliminate emotions (Greed / Fear)
- No need to do any technical analysis
- No early exit and late entry
- Saves time. No need to spend hours looking at the chart
- No moving stop loss and Exit at defined stop loss
- No hope trading
- No revenge trading after stop loss
- Faster execution of orders
- Execute multiple trades within split of seconds
- Automatically follows the rules and trade with discipline