Automated trading allows a trader to implement an objective and emotionless trading strategy refined by numerous back testing.
Instead of learning how to write codes, a trader can use a CFD trading bot software like CFDHero to build a strategy in under a minute.
Let us use the Relative Strength Index or RSI as it is commonly called. Usually, the best time to buy a CFD instrument is when the RSI level falls below the common level of 30. Conversely, the best time to sell an instrument is when the RSI crosses the upper 70 line.
CFDHero’s Simple bot allows a trader to execute the above strategy easily. Simply choose the CFD instrument to trade and set the Fund Allocation. Select RSI as the entry and exit conditions. Viola!
Starting your automated CFD trading journey is now made much easier with CFDHero.