How to Choose a Trading Automation Tool for Your Strategy If you are ready to automate a trading strategy, it can be tempting to start by looking for a trading bot. But the better starting point is your strategy itself. Different strategies need different types of automation. Some may only need signals to be sent automatically, while others may need automated entries, exits, stop-losses, take-profits, or other predefined actions. So before choosing a trading automation tool, first understand what your strategy needs the tool to do. Start With Your Trading Strategy A trading strategy is a set of rules that determines when you enter a trade, when you exit, and how you manage the position. Before comparing automation tools, make sure you understand things such as: What creates the entry signal? What tells the strategy to exit? Which market and trading pair does it use? Which timeframe does it depend on? Does it use indicators or other conditions? How ar...