ROBO Trading also referred as algo trading, automatic trading, algorithmic trading or automatic trade executor, allow traders to enter and exit to the trade without human intervention based on simple or complex conditions. Most of the Robotic Trading systems required a charting software with real time data, Trade executor plugin and brokers trading terminal. All you need to do is activate a strategy in your charting software and run robotic trade plugin. It will run until you deactivate it. You can monitor your performance any time and make real time changes as needed. The first thing in Robotic trading is to create a trading strategy. The strategy can be moving average crossover, pivot level break, opening range breakout(ORB) or oscillator related strategies.

EX For: if your strategy is 20-5 moving average crossover. Whenever 5 period moving average cross 20 period moving average in upward direction, a buy condition will occur and robotic trading software will place a buy order to your trading terminal. Based on your exit strategy, it will book profit or exit when stop loss hits. For example if your buy price is 7700, target is 7750 and stop loss is 7680. after executing the buy signal Robo trader will monitor the chart for 7750 or 7680 to exit from the long position.  For making complex trading strategy, you should have good knowledge of technical analysis and programming skills or you can subscribe from an expert. 

Human Emotions

It is the largest enemy of the trader. Human greed, fear, ego, revenge, addictions, laziness etc.. will affect traders decision making power and many times it badly effect our trading performance. By nature human is greedy, because the life of human is very short. He want to make money very fast. Greed will make us lose, because market is full of surprises. Human fear also attached with nature. Every human has fear in various level. Only a fool don’t fear anything. When a trader execute a large quantity of trade for making some fast money, his heart start to pump fast, when market moves against him he gets confused gets worried not knowing when to close fast with profit as a scared rabbit does. Human revenge is an another form of emotions. When you loose a trade, suddenly you take a position to opposite direction with double or triple quantity. Some time you win, but most of the time its end up with huge loss. Human Ego: Many experienced traders after loosing their capital start writing books, teaching new traders, forecasting television channels, News papers, blog as simply hide their failure. Think why a professional trader needs to sell books for few Rupees where he can make so much in one trade. Its here a trader become weak drowning under his own ego.