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Algorithmic trading is a very efficient and profitable way of trading, expanding the possibilities of obtaining stable profits at a consistent rate by using complex and precise settings that are not affected by human errors. Backtesting assesses the success rate of a trading strategy by testing how it would have played out in retrospect using historical data. Algo trading is used in many forms of investment and trading such as: mid-term investors, buy-side firms (insurance companies, pension funds, mutual funds) and short-term traders.
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