How Does An Auto Trader Work?

Many people want to know how an automated trading bot or trader works. The ToshiMarkets auto trader, also known as F.R.I.D.A.Y (Forex Reversals In Daily Algorithmic Yieldings) is a very specific trading strategy developed by Cottrell Phillip, CEO and Founder of ToshiMarkets. The strategy was based on his years of successful manual trading and implemented into an algorithm. An algorithm is a finite sequence of well-defined, computer-implementable instructions, used to perform computation(s). Basically this means the programmed algorithm has instructions on when to enter a trade, when to exit a trade, and how to recoup any losses incurred. This is all based on the strategy designed by the creator of the algorithm and coded into a file that can be downloaded onto a computer and integrated with a trading platform (e.g. MetaTrader 4). Once the algorithm file is integrated into the platform, the trading happens without any need for human intervention (other than to ensure the computer is on and the auto trader is on).Some call this a robot trader or artificial intelligence (AI).

Although the auto trader does all the hard work for you, taking the learning curve and emotions out of the equation, we still recommend our F.R.I.D.A.Y users understand the basics of how trading works and how to navigate the MT4 platform. After all, it is your money and your profits and we want to make sure you get the most out of your investment. If you would like to know more about how F.R.I.D.A.Y works and what it can do for you, please reach out to us via the online chat box, email at support@toshimarkets.com or on our ToshiMarkets telegram chat at https://t.me/joinchat/Kl3dyVEsjeAAWFgjOUMPUA