Trading with bot is good but there should be some sets of limitation and restriction as most times Bot do malfunction and imagine someone have an open trading and the market is already against you, and your bots also malfunction what would you do next to restore back you money? Definitely you can't alter any words or evening of how to restore them.
Initially what I love is having self experience and what you have learnt before implementing them, even though you must use bot but let it be that you already had enough without haven't to relying on the bot to keep performing and executing trade for someone, I know there are people who may love it but, sincerely the rate at which people do lose their money is a results of inappropriate/lack of research on trading.
The risk management is certainly very important and we will talk about that in our series as well. We actually have direct support for this in our library. We call it trading strategy budget. When you connect to the exchange with our library, you can define budget that is applied to all orders on that connection. And the library will prevent you to place such an order that exceeds the budget. So if you have a serious balance on your account but only want to test your strategy with a small amount, you can. And if there is a bug in your code, it's fine, the budget feature will protect you.
In the ready-to-go bots we have among our
samples, we allow for the configuration of the size of the trade relative to the initial budget. But we will cover that much more in the series.
