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Integrating an automated futures trading bot solution on your exchange can be a potent way of getting new users and keeping current engaged.
Here are certain features that are essential for elevating exchange performance and user experience:
1. Backtesting and Paper Trading: Before deploying real capital, traders need to test their bot's strategy. A robust backtesting feature allows users to simulate historical market conditions and assess potential performance. Paper trading takes it a step further, enabling users to run their bot with virtual funds on a live market feed, refining their strategy before risking real money.
2. Diverse Strategy Support: Different traders have different approaches. Your automated futures trading bot offerings are compatible with different trading strategies. Having trending indicators such as moving averages or mean reverting indicators based on Bollinger Bands will help your platform users get the most out of their trading endeavors.
3. Performance Monitoring and Reporting: The importance of transparency cannot be overstated. Clear performance metrics and reports should be furnished to the users by the automated futures trading bot. This empowers users to track their bot's effectiveness and make adjustments as needed.
