One of the most used pieces of software regarding bitcoin trading are so-called bitcoin trading bots (short for robots). Using bots to trade on the financial markets is a long-established and legitimate activity – and in the cryptocurrency markets, it’s easier than anywhere.
The idea of a bitcoin bot is that it automatically trades for you according to your strategy. It links directly to bitcoin exchanges via API’s that exchanges provide, and it makes buy and sell orders on your behalf. Bitcoin bot can automate bitcoin trades using different analysis indicators. It makes decisions by following the market’s price movements and responds according to a set of predefined rules. It is also time-saving – rather than having to navigate between exchanges and spending time copying and pasting wallet addresses, most of the process can be done within one desktop client which handles operations automatically.
Automated trading bots will do the job of selling and buying instead of you. They will do it while you sleep or while you are on vacation. But the real question is, when should they sell or buy bitcoins? So, you are still going to have to come up with your own set of trading rules, if you’re going to tell a bot how to make decisions. The trading strategy is simply a set of rules that traders use to determine their entries and exits from a position. The best thing about trading bots mentioned above is that they already have some built-in trading strategies that you can simply choose or copy. This guy also gives some advice on free trading bots for Binance.
Access higher trading accuracy with Crypterium’s AI Price Predictions. Crypterium AI Price Predictions are an excellent way to enhance your trading activity by gaining solid knowledge on price action, and therefore increasing your chances of entering a winning trade. This unique feature is able to provide valuable insights on more than 140 digital assets every single day of the year with an average accuracy rate of above 70%.
Automated trading platforms enable traders to mirror or copy the trades of others. A trader can copy signals or mirror complete strategies, thus enjoying the experience and knowledge of successful traders. The different automated trading platforms provided by Poloniex gives traders the confidence to engage in trading, as well as the option to trade when there is no available time, sufficient knowledge or experience.
View Comments
The another one leave out is BotVS that one platform trade bitcoin by a Docker program named robot. The function of platform is display running data and control the robot.
Hi there,
It seems many popular exchanges are giving the automated trading bots to users for better user experience. Sellbitbuy is an company that offers bitcoin trading bot for exchanges. I thought it will help some one.
tradewave and tradeacacia now is off line,i think go to scam
DEXbot is also a free and open source trading bot:
https://www.dexbot.info/