What are trading bots and how does rate limiting affect them?
An example of an AI chatbot conversation about trading bots and the impact of rate limiting.
What are trading bots and how do they work?
Trading bots are automated software programs that execute trades on behalf of users based on predefined strategies.
How does rate limiting impact the performance of trading bots?
Rate limiting restricts the number of requests a trading bot can make to an exchange, which can affect its ability to execute trades quickly.
Can you give an example of how rate limiting might cause issues?
Sure! If a trading bot hits a rate limit, it may miss out on profitable trades because it can't send orders fast enough.
What can be done to mitigate the effects of rate limiting?
To mitigate rate limiting, traders can optimize their bot's request frequency, use multiple API keys, or choose exchanges with higher limits.
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