Automated trading in plain words
A trading bot is a program that follows fixed rules, every second the market is open. Here is what that means for you.
A trading bot watches prices and opens and closes trades by itself, following rules its developers wrote and tested. It does not get tired, nervous or greedy, and it does not need you at the screen.
SmartBot connects its bots to a MetaTrader 5 (MT5) account, the trading platform brokers use around the world. You open that account at the broker in your own name, and your money stays there.
So there are three parts: SmartBot is the software, the broker holds your money, and you stay in control. You choose the bot and its mode, and you can follow every trade in the app.
Key points
- The bot trades, you decide
- Your money stays at the broker, in your name
- Every trade is visible in MT5 and in the app