DislikedHowever, it has to be understood that computer traders make up approx 1% (actually I have no idea as to the actuall amount, but its reall small) of retail traders. Baring in mind that we are trying to follow the Smart Money and not the retail trader. The algo 'sentiment' (or lack of) will not bother us at all.
It is one of those things that we know happens, but we can safely ignore.Ignored
If we work on percentages of the overall market. We as retail traders are price takers (2% -5%) whereas the real SM (not large speculators) control at least 70% (conservative from the common 90% which we are led to believe).
Algo trading is not a fraction of retail traders yet a dynamic of SM. I've read that algo trading can constitute a note-worthy amount of the overall FX volume..