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Date/Time: Fri, 29 Mar 2024 08:50:23 +0000



Post From: New Offering - Order Flow Trading Bots aka SceetoBots

[2018-02-15 13:09:22]
TapeReader - Posts: 88
The Role of a Bot Deploying Trader - Part 1 of a 7 Part Series

http://sceeto.com/blog/the-role-of-a-trader-who-utilizes-bots-part-1-of-a-7-part-series/

In this episode of the series we discuss how in the new world of bot trading:

1. Traders no longer trade.

2. Traders assess market conditions and deploy bots.

3. It is the bots job to trade.

How in This New Trading Paradigm, the Trader’s Primary Question is the Market Trending, Reversing, or Range Bound?

  If the trader assesses that the market is trending up, then…

Deploy Long Trend Friendly Bots.

  If the trader assesses that the market is likely to reverse at a known level,   then…

Deploy Reversal Friendly Bots.

  If the trader assesses that the market is range bound, then…

Deploy Mean Reversion Friendly Bots, or Simply Stand Down.

Four types of SceetoBots to start with…

+ Order Flow with Pivot.

+ Order Flow without Pivot.

+ Engulfing\Beat

+ Fade Conclusionary Order Flow
imageThe Role of a Bot Trader - Part 1 of 7.jpg / V - Attached On 2018-02-15 13:08:13 UTC - Size: 37.26 KB - 1031 views