Crypto currency trading bot, operating principle and advanced software solutions
At the end of 2015, the services offered an innovative solution – a bot for automatic of crypto currencies like DogeCoin, LiteCoin and Bitcoin collection from cranes. After that programmers began creating other bots, programs-collectors, scripts and doublers. Even earlier, bitcoin “conquered” the stock exchanges, and crypto-currency trading boom was in the summer of 2011. A little earlier, BTC outperformed the pound sterling and the euro by value. Today classical trading has been replaced by automatic crypto currency trading bots.
Features of crypto currency exchange trade
The crypto currency market is significantly different from conventional stock markets, but the principles of trade remain the same. You can read the details about the basics of manual trading in the stock market, strategies and actions of a trader, if the crypto-currency is stably going into minus. Text and video reviews on the most reliable exchanges for manual trading with a description of the benefits and advantages of websites are given in this article.
The principle of the work of trading bots on the digital currency exchange
Bots for automatic crypto currency trading operate using special algorithms, cryptocurrency trading strategy cryptocurrency trading strategy that are created on the basis of technical analysis of regularities. For self-analysis, you will need historical data on course changes (last year graphs), sometimes you can find out the relationship with the news.
After determining the regularities, the strategy is verified on the same historical data, the number of potential losses and profits is counted. If the results are satisfied, the rules of the robot trading strategy for the crypto-currency exchange are created on their basis. Some bots additionally use indicators that allow analyzing the current situation on the market, while others are performed only in the event of certain market conditions.
Types of bots for crypto currency trading:
- Trading bots. The software decides whether to buy or sell BTC based on an analysis of customizable indicators.
- Arbitration bots. The program constantly analyzes the market, changes in prices and buys or sells a certain currency in a pair in accordance with the current market situation.
- Customizable bots. The script executes an action (the purchase or sale of a crypto currency) only if certain conditions arise on the market. You can choose auto-tuning or determine the most appropriate strategy yourself.
- Script bots. Fully programmable C # bots, which will be useful for developers and authors of strategies, in order not to write their programs from scratch.
Advantages of crypto currency trading bots
- detailed reviews of bots for trading on the crypto currency stock exchange, extended instructions for setting up in the public domain;
- the ability to independently test the proposed strategies;
- more than 50 customizable indicators for the most profitable trading in different market conditions;
- own trading platform and support of 500 alternative crypto-currency exchanges;
- ability to work with the web interface or in the software environment for Windows;
Other automatic trading crypto currency bots
A self-described bot with 2.5% yield per day. In the end, you can write a crypto-currency script yourself. You will need to conduct a comprehensive analysis of historical data, but you can be completely confident in the reliability of the bot. But we will have to revise the original strategy from time to time.
Programs for automatic trading are a convenient tool, but not a way of enrichment. Of course, you can earn significant amounts with such assistants. When you start working with any script, it’s important to navigate in trading, to have an idea of the “behavior” of the currency pair on which the trade is conducted, to be able to independently analyze the market.