I am happy with what I am doing right now, why should I do algo trading?

Algo trading offers several compelling advantages that might enhance your trading experience, even if you're currently satisfied with your manual trading process:

‍Automation: Algo trading automates the entire trading process, significantly reducing the need for manual entry. This automation ensures that trades are executed at the best possible times based on predefined criteria without delay.

‍Consistency and Precision: Automated trading provides consistent execution of trading strategies, eliminating the emotional biases that often influence manual trading decisions. This results in more disciplined and precise trading.

‍Efficiency in Handling Data: Algo trading can process large volumes of data more quickly and efficiently than is possible manually. This capability allows you to leverage vast amounts of market information to make informed decisions swiftly.

‍Backtesting: With algo trading, you have the ability to backtest your strategies using historical data. This process helps evaluate the potential effectiveness of a strategy before it is deployed in live markets, reducing the risk of unexpected outcomes.

‍Reduction of Emotional Decision-making: By relying on algorithms, traders can adhere to their trading plans without emotions interfering, which often leads to more rational decision-making and better management of trading risks.

‍Widespread Use Among Professionals: Approximately 55% of current trading in the market is done via algo trading, indicating its effectiveness and efficiency. Furthermore, algo trading is extensively used by high-net-worth individuals (HNIs) and institutional traders, suggesting that it has passed the rigour of professional trading environments.These factors make algo trading an attractive option for those looking to optimize their trading strategies and outcomes. If these aspects align with your trading goals, it might be worth considering integrating algo trading into your activities.