Trade bot

Joined
Dec 2018
From
Philippines
I say right away, you can create a new account on any of the exchanges and try it on a Demo account.

Functionality:
֍Several options for executing orders.
֍A large set of indicators and tools that allow you to conduct a detailed technical analysis. Due to this, it is easier to predict an increase or decrease in the value of a particular cryptocurrency.
֍The ability to create your own scripts and indicators.
֍The presence of a news feed, thanks to which you will be aware of the events that are happening in the financial markets.
֍Fast closing of orders without slippage.
֍Flexibility of interface configuration.

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In addition, after determining the patterns, the strategy is checked on the same historical data, the number of potential losses and profits is calculated. And if you are satisfied with the results, the rules of the program's trading strategy are created on their basis.


What are the advantages:
✔ The speed of decision-making. Even experienced traders need some time to analyze the market situation. Beginners do everything even slower. As a result, a trading opportunity may be missed. In order to avoid such situations, many traders prefer to use bots. They analyze everything much faster and make decisions faster than a person.


✔ The ability to analyze an unlimited number of pairs. If you compare a bot with a human by this parameter, the advantage again turns out to be on the side of the first. A person is simply not able to analyze a large number of assets and make an adequate decision. But some people try to provide this work to bots, using only ready-made results from the work.


✔ No errors in the algorithm. A person in the process of market analysis can make mistakes. This is due not only to the level of training, but also to the psychological state of the trader. Bots work clearly within the framework of the algorithm. If there is a signal, it will use it.


✔ Round-the-clock trading. A person needs rest. Many people cannot devote more than two hours a day to trading. The bot also works around the clock, it does not need to pee, rest.


✔ The user has free time. The use of bots involves giving a person more free time. After all, he does not need to analyze anything. And many algorithms are configured to fully automate trading from the moment the signal appears until the decision is made.


✔ Lack of emotions. A person is subject to various psychological states. He is gambling, may feel a sense of fear or fall into depression. This affects the results of trading. The bot does not experience any emotions. He is not characterized by excitement. It works only within the framework of its own algorithm.


✔ Discipline. Traders often make one serious mistake. They do not know how to properly manage their capital. The bot for the cryptocurrency market will operate according to an algorithm previously embedded in it. If there is a limit on the transaction size of $ 10, for example, the bot will never change it on its own.

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