What is a Trading Bot?

A trading bots is a software program that interacts directly with financial exchanges (often using API’s to obtain and interpret relevant information) and places buy or sell orders on your behalf depending on the interpretation of the market data.

It provides a 100% automated trading experience making ideal for beginner investors as well as more experienced ones who want a passive trading experience.

Definition

The robot is trading using the scalping technique. Scalping is the most short-term form of trading. Scalp traders only hold positions open for seconds or minutes at most. These short-lived trades target small intraday price movements. The purpose is to make lots of quick trades with smaller profit gains but let profits accumulate throughout the day due to the sheer number of trades being executed in each trading session.

The foreign exchange (FOREX) market is a global decentralized market for trading all currencies. This market defines the foreign exchange rate for every currency. When you transact on the exchange, it is always setup as trading pairs meaning that you always buy one by selling another one. It is by far the largest market in the world by trading volume. The market is open 24h a day 5 days per week.

AutoTrade Gold 5.0

AutoTrade Gold 5.0 is a trading bot from Indonesia that speculates on the price of gold. It started early 2020 in Indonesia and opened to the rest of the world in September 2020.

It uses a scalping strategy targeting a 0.5% to 1.5% per day doing only 1 trade per day.

On average, the robot has a success rate of over 90%.

Each trade has a stop-loss attached of -3% making sure that the potential loss is limited at -3% per trade. When a trade is at a loss, the robot will open a second trade during the day.

Capital and funds are available to withdraw at all time.

Our Ratings

Broker
2/5
User Experience
3/5
Profitabily
4/5

Evotrade

UNDER INVESTIGATION, DO NOT USE!

Evotrade is a trading bot from Indonesia that speculates on the price of gold and the forex. It started early 2021 in Indonesia and opened to the rest of the world in May 2021.

It uses a scalping strategy targeting a 0.5% to 1.5% per day doing only 1 trade per day.

The maximum drawdown is less than 2%.

Capital and funds are available to withdraw at all time.

Our Ratings

Broker
2/5
User Experience
3.5/5
Profitabily
4.5/5

FIN888

UNDER INVESTIGATION, DO NOT USE!

Fin888 is a trading bot that trades on the FOREX. This robot exists since 2019 and is  recognized to 

The daily performance target is around 1%. The monthly target is between 8 and 12%.

There is no license to buy upfront like we can see with other robots  Instead, the business model is profit sharing. 

  • 35% if the account holds less than $10,000
  • 25% if the account holds more than $10,000

The trading model is scalping and the bot will enter a trade with Take Profit (TP) and Stop Loss (SL). The maximum drawdown is 1.4%. The win rate is at 83%.

The average performance since the robot started in 2019 is a return of on average 10%-12% per month.

Our Ratings

Broker
4/5
User Experience
3/5
Profitabily
2.5/5

Disclaimer

We are not financial advisors. Afford Free Time and any of its representatives can not be held liable for any actions you take. Everything we share is for information and education purpose.

Afford Free Time can not be held liable for errors, inaccuracies or omissions and does not guarantee the accuracy or completeness of any information, text, graphics, links or other material contained on affordfreetime.com.

Trading and investing involves risks. Make sure to only invest what you are ready to lose. Always do your own due diligence before investing your money. Past performance is no guarantee of future performance