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FYI

So what is a trading bot?

Firstly a trading bot is a piece of software which is built to execute certain command/s when specific criteria’s are met.

Bots can execute a buy bid at a specific price, or a sell bid at a specific volume. There are many variables that may be programmed into the bot.

The reason it is used, is to automate a specific task that may otherwise become repetitive for a human.

Why use a Bot?

There are many uses for a trading bot.

They can be used to buy/sell a parcel of shares at a certain price limit, volume based, VWAP based (Volume Weighted Average Price) or any other criteria that the programmer wants to achieve.

It is also possible to use a bot to sustain a specific price range. In order to do this the bot may be programmed to continuously buy a specific parcel of shares when a specific price is reached, hence continuously maintaining a consistent share price. This is viewed as a means of accumulation at a specific price range.