What is the difference between algorithm and software?
Both algorithm and software are set of instrctions, then where the difference lies between these two?
I do not have IT background so expecting answer in general terms?
Algorithm is the design; software is the implementation of the design. I can design an algorithm without a computer, but I can’t make it do anything without creating software.
Rather like the blueprints and the building.
Hope that helps.
Pair Trading Strategy – algorithm and program trading – Trade Station V 15 7 8 with “autopilot”
