Bots to trade: Auto Trading📲

Cryptocurrencies have become the haven for many investors who have decided to bet on what they call the future. And it is that the revolution of bots little by little has permeated everything, from the way in which we communicate to the money itself.

Today we will talk about one of the most interesting Trading methods that we can find. We will tell you everything you need to know about this technological tool focused on offering you many more benefits with greater comfort. Want to know more? Then you just have to keep reading this article.

✨ What is Auto Trading in cryptocurrencies? ✨

As its name implies, Auto Trading is to operate or invest without the need to be present. Basically it is a software which is in charge of scheduling the investments so that they are made automatically.

This option arose in response to one of the clearest limitations of investments, people. Although we want to be operating 24 hours a day, 7 days a week, we must remember that we are people. This means that our operations can be limited because we must eat, sleep and work.

✨The operation of the Bots✨

A Bot is the name given to the software in charge of automatically operating cryptocurrencies . These programs use a series of data such as trends and financial indicators to be able to operate automatically when the conditions are met.

As a user, you are in charge of setting the parameters in which the bot should operate so that it will have to follow that line. The bots are in charge of analyzing the market and making decisions according to what you set as instructions within their algorithm.

✨How to choose a Bot to do auto Trading? ✨

Before using a bot, we recommend you look at these points:

  • Reliability: Bots do not have regulations like brokers , That is why you should pay close attention to whether they are real bots, whether they have physical offices, ways to contact support, etc.
  • Company: Another point we recommend you take into account is the footer of the company, that is, if it has the corresponding registration before the law. This is because, as with the previous point, lbot companies do not have a current legal framework.
  • Money deposits: If the platform asks you to deposit money, it is better to run from there. This because of bots never ask for deposits , only the Brokers.
  • Customization options: We recommend you delve into points such as customization options, the parameters that you can adjust, as well as the preloaded functions in order to find an ad hoc Bot for what you need.
  • Tests and more tests: The best way to know if a Bot is for you or not is to try it. To do this, you can make use of demo accounts which allow you to operate with virtual money and zero risk.

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✨Operation strategies with Bots✨

There are two types of strategies to trade a Bot. The first is known as The arbitration and its mechanism is very simple , It is about an analysis of the market to find the best option in the price and thus execute the purchase.

On the other hand, we find the call Market Making which is responsible for obtaining the maximum profits operating in a single market. The robots will be in charge of making the purchase or sale of the assets taking advantage of points such as the so-called Spread or price difference.

✨How to use a Bot? ✨

To be able to use a Bot follow these steps:

  • First you must connect your Broker with the robot so that it can operate within the Exchange.
  • Some broker platforms have the option to activate the Bot from the same platform with just one click.
  • Now you only have to customize the parameters with which the Bot will operate, that is, set the maximum purchase prices, the assets and the markets in which it will work.

We recommend doing some tests to evaluate that the Bot's performance is optimal and thus rule out errors.

✨Pros and cons of Bots✨

Pros:

  • Bots allow you to configure your strategy however you want by changing parameters and indicators at will.
  • A Bot can carry out up to 50 operations simultaneously in the same period of time. You can only do one manually.
  • The bots are completely analytical, that is, they have neither impulses nor feelings which makes their decisions much more successful and precise.
  • In addition, they have the ability to process a large amount of data simultaneously so their learning and efficiency is much greater.

Cons:

  • One of its main cons is that there are a large number of bots that are actually scams whose objective is to steal your money.
  • Bots are subject to a malfunction of both their algorithm and the place where they are hosted . That is why they can present failures.

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✨Best Bots on the market✨

Finally, it is better that you know the results are the best Bot on the market so that you can choose a reliable operator.

  • Bitpanda: Considered as the best exchange in Europe as far as digital assets are concerned. This platform operates since 2014 as one of the best options with a presence in more than 50 countries and with one million active users.
  • 3Commas: One of the main features of this Estonian-based Bot platform is its optimization. Thanks to its alliance with different brokers you can work directly with them, in addition, it is not necessary to download any software, since it works in the cloud.
  • HaasOnline: For those who are experts in the segment, without a doubt this is one of the best platforms you can find. Here yourself you can develop your own HaasScript or C # Bot following your own strategies.


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About Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.

About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.

Do you want more information? You can read more about me here in my biography.

2 comments on «Bots to trade: Auto Trading📲»

  1. Lorenzo Reply

    This company will rip you off. I assure you, I'm still trying to withdraw and I can't, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hi Lorenzo, thanks for commenting on Trading Bots: Auto Trading📲. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay. If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people by investing with this company.

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