the bot works while you are resting, you just have to monitor the cryptocurrency market and set more profitable trading pairs in the bot settings. Professionals can set the most flexible settings for trading, including multithreaded trading and stopping a trading pair when reaching the limit of coins. Newbies are provided with more than 13 trading strategies that you can choose depending on your coins, you just set the strategy and the bot starts trading.
This bot is an excellent solution for both beginners and experienced traders. According to the example, you can choose any exchange – Bitmex, Poloniex, Bittrex, Kucoin Cex.io, Binance, Coinbase Pro, Kraken, Bitfinex, Coinex, Kucoin
, Huobi, and any other among 130 worldwide exchanges. Configuring the bot for the BINANCE trading exchange is provided on the video. iTradeAI™ crypto trade bot
Software is programmed with a custom unique algorithm that compresses many technical indicators into one simple and easy momentum status for easy understanding.
These statuses include; Parabolic momentum, Strong momentum, Consolidation momentum and Down turn momentum. However, many people wonder whether or not using a crypto trade bot
trading bot is even worth it. Today, investors, traders, and miners alike leverage cryptocurrency bot trading technology to make the process much more efficient and effective. It’s clear that every trade is profitable in the following graph. Grid Trading strategy will keep making profits as long as the price swinging.
When the price hit each target price in the grid, the bot will take some profits and vice versa. Grid Trading Bot is settled between 3,300 to 4,200 for Bitcoin. For advertising and sponsorship opportunities or more information about paid content, contact [email protected] The Daily Californian’s editorial and newsroom staff were not involved in this advertisement’s production. Trading bot can help you take advantage of the short-term swings and maximize your gains. The crypto market has wild swings and things can change every 5 minutes.
You can also set your trading strategy to trade on longer term timeframes. You can customize your trading strategies further and also request customization to your bot. In the simplest of terms, Grid trading involves hedging, or placing simultaneous buy and sell orders at certain levels. Grid trading is a type of trading strategy that profits from the sideways as well as trending market conditions.
The aim of this approach is to maximize the profits while the in-built hedging system ensures that the risks are minimized. Meanwhile, bot technology, also known as artificial intelligence or machine learning, is expanding its reach to multiple industries, including cryptocurrency trading. In recent years, cryptocurrency trading has proven to be quite a lucrative venture, attracting people from all parts of the world to partake in decentralized finance.
And similarly, we’ve still got some way to go before bots render human traders obsolete. If you want a job done profitably, do it yourself. 1950s housewives (and house husbands) are still waiting on those domestic chore-performing robots to materialize. If you provide the bot with the correct setting and the data it receives is correct as well, the chances of profit with it are much higher.