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So you save transaction fee, if you understand how the trading works on an exchange and how to place a limit order for buy or sell. WaBi ( WABI) - All information about WaBi ICO ( Token Sale) - ICO. A downside with Ricochet is that it reveals when you are online to anyone who knows your id. A trading bot is a program that can execute trades for you on an online exchange based on parameters defined by the programmer or user.