PH Customz

The terminology can definitely be confusing because different providers use the terms in slightly different ways. A basic introduction to automated trading can help put the different approaches into context. In general, trading bots are one way of implementing automated trading, usually by following a set of programmed rules. Other automated systems may provide different forms of analysis, portfolio management or execution tools. When comparing a particular bot, I’d focus on what it actually does rather than the label used in the marketing. Look at supported markets, strategy configuration, risk controls, testing options, fees and security. If you’re new to the subject, having fewer settings that you understand may be more useful than having a huge number of advanced options that remain unexplained.