A crypto trading bot is a computer algorithm that uses various indicators and chart pattern recognition scanners to automatically execute trades on your behalf. If you have the right coding skills, you can program a cryptocurrency bot to automatically take and close trades. 3Commas is the idle crypto trading bot for hobbyists, enthusiasts, and professional traders. It supports all notable popular cryptocurrency exchanges, and you can trade in altcoin pair.. Another feature which makes 3commas widely popular among beginner is its paper trading feature. With paper trading, you could test your strategy before you put the real money for trading. A crypto trading bot is a computer program that automatically buys and/or sells assets when its price reaches a certain goal. That’s basically it. Now, let’s take a closer look at how exactly that works. Most trading bots work on a rather simple principle that can be described as “signal generator — risk allocation — execution ... What are trading bots used for? In its simplest form, a crypto bot is used to to help make trading in the crypto industry very simple and effective. Unlike the stock market that runs on pacific time of the day, the crypto world is 24/7 due to these bots always functioning. Cryptohopper is a cloud-based crypto trading bot that works with a wide range of exchanges and coins. Being on the cloud enables easy setup and 24/7 trading. Features. Easy set up: The bot comes with an intuitive dashboard that only takes about 5 minutes to set up.
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