Automated crypto trading – The best approach for executing crypto trades

by Trailing Crypto cryptocurrency experts

Time never waits for anyone and crypto trading market is no exception. Keeping up with the fast changes in prices in crypto assets is the key to a successful trade. But a plethora of cryptocurrencies, numerous tools, and several trading strategies may cause confusion to the beginners. Fortunately, there are several automated trading processes available for traders because of technology. This helps traders to execute trades automatically by predicting trends, market analysis, etc.

 

So, what the heck is automated crypto trading?

 

Automated crypto trading

 

Automated trading lets the traders trade cryptocurrencies actively without watching the market trends continuously. This kind of trading uses different algorithms and computer programs to buy or sell cryptocurrencies according to predefined levels. Depending on the kind of trading strategy used, the trades are executed based on technical indicators, current asset price, etc.

 

Automated crypto trading is the better option if you don’t have time to watch market trends or don’t want to buy and hold. Different crypto trading platforms like TrailingCrypto, Cryptohopper, etc. are available with their own set of trading features, strategies, trading bots, and more. These platforms have automated software which trade on behalf of the trader.

 

These software react to market changes to trade at the right moment. There are some trading bots in the market which utilize smart contracts and operate directly on the blockchain via making use of APIs. Automated trading also allows traders to carry out multiple trades in a small amount of time.

 

How does automated crypto trading work?

When it comes to automating your trades, firstly, you have to choose the right crypto trading platform and set the trading strategy. The best trading platforms allow traders to customize their trading strategy with some set of rules or conditions, and then the software will place the trades on behalf of the trader. These factors include the entry price or exit price, timings of the trade, and quantity.

 

The trading strategy which you will set will monitor the market continuously and constantly. This way, the trades will be executed automatically if the predefined conditions are met. The main aim of automated trading is to execute trades faster while taking advantage of the market trends. The best trading platforms offer a variety of trading bots to the traders which works based on preset conditions, trading signals, market analysis, and more.

 

If you are thinking about trading Bitcoin, then there is good news for you! You can consider BitMEX trading from TrailingCrypto. The platform offers automatic trading options for Bitcoin and other crypto assets. If you are a beginner and are not aware about the market in deep, copy trading from the experts and making use of crypto trading bots is another viable option for you from the third party exchanges. In addition, the best trading platforms also offer a totally secured environment for trading.

 

Automated crypto trading via bots goes through some steps including data analysis, signal generation, risk allocation, and execution.

 

How to start Bitcoin automated trading?

 

You can easily automate your Bitcoin trading by using the recommended exchange BitMEX and an automated trading platform like TrailingCrypto. Here are a few steps to follow:

 

• Register yourself on the automated crypto trading platform
• Deposit amount as required
• Choose the exchange for Bitcoin trading. The best trading platforms offer copy trading feature which allows traders to copy trades of successful traders
• Trade Bitcoin automatically

 

BitMEX trading

Automatic crypto trading is the future of crypto cryptosphere, as it outperforms manual trading in several ways. You don’t need to watch the market trends 24x7, automated trading allows you to trade dozens of pairs at the same time. And, crypto trading bots are based on some predetermined rules to help traders trade automatically.

 

If you want to trade on BitMEX exchange, you only need to have an account on the exchange. And, then you have to choose the third party platforms to start trading automatically via trading bots. Yes! You can create your own bot on BitMEX using third party platforms like TrailingCrypto, Cryptohopper, etc. The bot will automate all kinds of trades on BitMEX exchange with inbuilt algorithms for different market situations.

 

Once launched, the BitMEX automated trading system via bot will handle all your trades and generate profits when you are not available at your system to monitor market trends. So, consider automatic trading in the form of trading bots or copy trades, and let yourself get on with other things without thinking about any losses. The exchange offers margin trading, grid bot trading, and other features to help traders trade smartly.

 

Advantages/disadvantages of automated crypto trading

 

Let’s understand about the pros and cons of automatic crypto trading for the traders:

1. Saves your time: You don’t have to spend hours on your system checking the market trends, a bot will do all the hard work for you.
2. Faster transactions: Even if you are sitting on system, watching market in real-time, you can’t execute trades as quickly as the crypto trading bot.
3. Bots don’t have emotions: A bot only cares about the algorithm and the instructions given to them. As soon as they meet the predefined criteria, they will execute the trade.
4. Still you need to follow the investments: Yes, the bot will execute the trades on your behalf, but still you have to make sure the bot strategy is working. If you are not monitoring the account, there are chances that you may lose money.
5. You need to know how it works and what you are doing: Trading bots rely on multiple indicators and if you don’t know how it works, there are chances that you shouldn’t be using it.

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Created on Mar 13th 2023 11:43. Viewed 39 times.

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