The world’s first automated trading system was introduced way back in 1949 by Richard Donchian. This system used a set of predefined rules for buying and selling funds. The concept of rule-based trading strategies was popularized in the 1980s. Furthermore, few automated trading systems were available for purchase during the mid-1990s.
Over the years, technology’s exponential growth has enabled the use of Artificial Intelligence-based auto trading robots. And, thus transforming the financial markets, whether it is the stock market, Forex, or crypto market.
Auto trading robots track the price movements of digital currencies like Bitcoin, Ether, and other Altcoins in the crypto market. These bots use machine learning to identify trading signals and execute trades on behalf of the trader.