Hello, today we would like to tell you about the difference between manual bots and automatic ones.
Let’s first see how the automatic ones work. You simply enable your exchange’s API, select desired profit-risk ratio, and the bot will start trading without your participation. When a trading bot buys crypto, it automatically calculates the Take Profit level, according to the exchange commission and the specific features of a certain cryptocurrency.
As soon as the price of a cryptocurrency achieves an estimated level, the algorithm sells it and opens a new transaction. If a market doesn't achieve an indicated price and your bought cryptocurrency is getting cheap, the algorithm buys the cryptocurrency again making so called «averaging». After averaging, the level of Take Profit is recalculated to average price of cryptocurrency volume that have been bought. Here’s how it will look like:
You can view all actions of the bot online – on our site or in mobile app. The algorithm selects currency pair and the moment for entering the market according to our trading strategy developed on the basis of Hybrid intelligence.
A main task of trader at manual algorithm work is to choose a cryptocurrency, which is the most appropriate to his strategy. You enable API keys from the exchange just like you would for an automatic bot and then you choose a currency pair and set preferable bot settings. Thereupon, you choose the moment for entering the market or can entrust this choice to our system by using various filters.
Which one is better? It’s up to you. What makes you more comfortable – to be in total control or to let the algorithm do its job?
Let us know what you think.
Trade smart.
Trade with Trodax.