To reduce your losses and increase your profitability, you can customize your Stop Loss. Galileo FX is an automated trading platform that analyzes market data and automatically opens and closes trades to maximise profits and minimize losses. Bitcoin Loophole is an AI trading platform that analyzes the market trends on behalf of the trader and executes trades accordingly. The platform is created by professionals who are experts in the crypto field.

Replicate historically proven trading strategies like scalping, grid trading, dollar cost averaging, or arbitrage. Create trade bots line-by-line with our IDE-based editor or use the visual drag and drop designer without having to write a single line of code. To achieve the best trades means that crypto traders need to be awake throughout the day and be ready to trade at any hour. Again, with the GALA slowdowns in some trading exchanges and transaction times, some traders might miss certain profitable trades. The solution to these is that traders now use crypto trading bots.

What Are Cryptocurrency Trading Bots and How Do They Work?

Since in crypto there are many different base currencies, it is very important you set this correctly. Not setting it correctly can lead to trades for unwanted amounts, or no trades at all. This value defines the trading limit for each buy order. Make sure to always set this higher than MIN_VOLUME_TO_BUY & MIN_VOLUME_TO_SELL. Can you check the core team members behind your bot if you want to? A reliable provider stays as transparent as possible and avoids anonymity.

The user will be able to proceed to the next step, which is the depositing of funds, once the verification procedure is completed. This innovative, easy-to-use cryptocurrency trading bot was created to help you develop complex automated trading indicators and algorithms. This is a platform that enables you to make automated trading in crypto and save time. There are no coding skills required to use this platform, and you can create and control trading robots to trade with your strategies. Bot trading is inherently different from manual trading as there is no manual review involved before trades are placed.

Exchange Valet

These can be freely combined, where one method is being used for buying and another for selling. Each method has its own wiki article describing the exact logic and explaining all available strategy parameters. Basically, the bot uses traders’ existing buy orders to accumulate more units of the quote currency after prices have moved downwards. So, when a coin price keeps dropping or going sideways at a lower level than the initial order, the bot can keep accumulating profits by continuously buying and selling.

• Gunbot’s one-off fees are denominated in Bitcoin, which may not be suitable for everyone and will fluctuate with the rise and fall of the Bitcoin price.
• Even the most fancy indicators will fail sometimes, or you might have made a bad decision and bought at the top, it happens.
• Users can also customize the bot to receive trading alerts via TradingView.

You may incorporate numerous https://www.beaxy.com/ algorithms and technical indicators into your bots thanks to the TradingView integration. Their specific built-in Terminals may also be used to develop DCA and Spread tactics. WunderTrading is a crypto automation platform with mirror trading and crypto portfolio management tools.

Gunbot Interface & User Experience

Think about it, would you rather have 10 trades with each 1% profit, or do you want to wait a very long time to gain 10% in one trade? In any case, it’s more likely to happen that a 1% price increase takes place, while 10% might not happen any time soon. The settings used in this example use relatively long times for EMA (1.5h and 4.5h) to ignore very small price movements. The gain strategy is pretty easy to use, using only a couple settings you can ETC create a powerful strategy based on EMA for buying and reaching specific gain target for selling. Advanced users can use Gunbot to trade exactly how they want, using the strategy builder or with email alerts. Be prepared for a mind-boggling number of options to realize your perfect trading system.

The 3Commas team has designed a free trial to help you increase the chance of making profits with a fully-fledged subscription. Moreover, if you test out the automated trading terminal and refer friends, you can get a substantial discount on advanced plans. The CEX.io exchange dates back to 2013 as merely a BTC trading platform. The platform supports fiat-to-crypto purchases, spot trading, margin trading, staking, crypto loans, and even savings wallets.

By now, you should have a great idea of what Gunbot is and how it works. Perhaps you are closer to making a decision if it is something that you would like to start using. For me, Gunbot offers a great way to develop custom crypto robots and use premade automated crypto strategies.

Many years of experience with the cryptocurrency product allowed to achieve highly automated bot functions. Automatic copying of purchase alerts of selected bot users. Putting a fixed percentage of profit into losses to get rid of negative bids. Profit calculation algorithm displays real profit based on equity and open positions.

CurPay Trader

If you trading fees too low and aim for trades with low gain, it might lead to losses. This example uses the “pure” version of the EMASPREAD strategy, meaning both the buy method and sell method are set to use EMASPREAD. No additional trailing or confirming indicators were used. This example uses the “pure” version of the Gain strategy, meaning both the buy method and sell method are set to use gain.

You just need to install Java8 RE and enter your API keys. Your lifetime license will be updated with new features or exchanges. Our crypto bot uses a full log system which allows you to see exactly what is happening. For even greater safety, logs and backups are available. C.A.T. Only communicate with the Site where you are trading. The triggers for trades are slightly different than in the same strategy for regular trading.Bollinger BandsBollinger Bands strategy for Margin trading.

If you wish to trade directly from the included alerts script you will also need the TradingView add-on and a paid TradingView account. For learning, backtesting, and optimizing Gunbot with the simulated strategies script you will need either a free or paid TradingView account. So the dump is here and the Bollinger Band didn’t support you enough.

Using lower values might cause the gunbot trading limit size to swing too fast. The default to calculate support and resistance is 50 candles. This strategy uses support and resistance to determine suitable trailing ranges. Here are a few extra settings you can implement with the step grid strategy.

That’s where Gunbot comes in – a cutting-edge crypto trading bot that automates the process of buying and selling cryptocurrencies. Nefertiti is a free trading bot that follows a simple but proven trading strategy; buy the dip and then sell those trades as soon as possible, preferably on the same day. Nefertiti™ doesn’t use any difficult-to-understand indicators, so no complex configuration is needed. The built-in strategy analyses the public order book to find support levels. At those support levels, the bot will then automatically open limit buys for you. At the time of this writing, the bot supports the following exchanges, Binance, KuCoin, Bittrex, HitBTC, Coinbase Pro, Bitstamp, Crypto.com, and Woo.

There are three subscriptions based on the number of bots and Telegram integration. A type of bot called an arbitrage bot takes advantage of price discrepancies across different exchanges. Bots react more quickly to the market, so they have a significant advantage over manual trading. Trading bots are a controversial component of the crypto market.

When disabled, you can set a manual step size instead. On the USDT-BTC pair, a trading limit of 100 means that you want to invest $100 every time it creates a new buy order. Always make sure you’re trading limit value is higher than the Minimum Volume to Sell. When the price moves up one step while below break-even, it automatically starts selling, trailing, and places a sell order when the trailing finishes. Below break even, each sell order is 1x the “Trading Limit” in size. Step-Grid is a simple but effective trading strategy.