Bitcoin Trading Robots
What are Trading Bots?
Trading bots are software programs that connect to an exchange (usually via API protocol) and make trades on behalf of the users. They work using a variety of trading indicators and strategies. Since trading is all about mathematics and fast complex probability calculations, bots should be better at trading than humans.
The bots make trading decisions by following the market’s price changes and reacting according to a set of predefined and pre-programmed rules. Typically, a crypto trading bot will follow and analyze technical indicators and signals such as volume, orders, price, and time. Most of the more advanced bots can be customized to execute your own trading strategy so they are great if you know what you are doing.
Do Trading Bots Work?
The main purpose of trading bots is to automate things which are either too complex, time consuming, or difficult for users to carry out manually.
Good trading bots can save a trader time and money by collecting data faster, placing orders faster and calculating next moves faster.
Majority of trading bots use an indicator from technical analysis called an exponential moving average (EMA) as a principle strategy for analyzing the market. Bots can be programmed to make an action once EMA surges or drops certain thresholds.
By setting up the bots, users can set their thresholds to fit with their risk profile. However, one of the main downsides of EMA and similar indicators is that they are so called lagging indicators – based on past history, which, as all traders will know, is not indicative of future performance, especially in the cryptocurrency industry where volatility is rife.
Therefore the answer to the question of whether trading bots work is – “depends”. They do work, but not necessarily for everybody.
What Exactly Is A Trading Robot?
For those that are not aware of the concept of automatic Bitcoin robot trading, there are so many people who have no idea as well. This notable innovation is completely based on relatively new knowledge of monetary market trends and computer science.
Since the financial market has been in existence for years and comprehensive trading data have been available as well, researchers have gone on to seek fascinating patterns that re-occur in the universal market.
Moreover, this also has to do with the Cryptocurrency industry. The automatic Bitcoin trading robots are not robots in the real sense. They are simply difficult software tools that are connected to diverse Bitcoin markets.
These software tools have easy access of roughly a millisecond trading data from across the world. Once the software notices that a particular pattern is currently in motion, it makes trades that capitalize on the next events to follow through.
It should be noted that these Bitcoin robots cannot foresee the future. It does not matter how much we are aware of the past; there is always the exception to every rule. Nonetheless, there are trends that happen over and again.
Furthermore, these Bitcoin robots are watching all the time even if human traders are asleep. The robots tackle market opportunities and attain fascinating returns for users who can access them.
Everyone in the Cryptocurrency community is eager to make loads of money as quickly as possible.
There are some Cryptocurrency assets that have attained about 1000% returns far back in 2017. Basically, getting rich quickly is the desired exception to the rules.
Nevertheless, when embarking on trying out new products such as Bitcoin robot, it is highly vital to have expectations that are realistic.
While Bitcoin robots will not make you rich, it will, however, offer returns that are stable in diverse market environments. No one knows the national emergency, political happening or market scare that may throw all these conditions off.
However, Bitcoin robot is a tool in a person’s trading belt and may actually be of genuine value to the user.
How to Uuse Bitcoin Robot for Trading
A lot of investors basically utilize automated trading software. For those that are newbies in learning how to go about Cryptocurrency trading, it is highly helpful to watch ideal historical trading plans turn up on your system.
While the expert traders might need to adjust their settings on the software to execute some particular trading strategies, no one can stay awake to watch it play out all through.
Since no trader can be fully awake 24/7, one can only depend on the Bitcoin robot to play the role of a friend who carries out a vital task while you engage in something different.
Bitcoin Trading Robots
There are some Bitcoin trading robots users and enthusiasts can take into consideration. They include;
- Bitcoin Code
As mentioned above, Bitcoin robots are not robots in the real sense of what we see in movies. They are simply technological software tools generated via diverse independent creators.
There are many connected to distinct exchanges, and one of such notable ones is the Bitcoin code.
Bitcoin code was created by Steve McKay; a former software developer on wall street. Furthermore, Bitcoin code provides users with both manual trading tools and automated trading tools.
All these come with easy access to assets in the Bitcoin ecosystem. For the automated software tool, it makes use of estimated risks to increase the money of the user in predictive trading.
It has a reported success rate of 99.4%. It has a lot of opportunities actually to grow one’s money. For newbies, they simply need to make a minimum deposit of about $250, and from then on, results start coming in.
More significant deposits are also enabled with prospective bigger rewards. While the Bitcoin code is relatively young, its results are quite good. Some of its users have reported incomes as high as $500 hourly.
Some of the users make more than a whopping $13000 daily. It, however, relies solely on the amount of money being put into such risk. So much has been said about Bitcoin code on the internet. And, some so many people still wonder if it is actually a scam.
Basically, the software functions for trading as it has been indicated via Bitcoin code; also, users have been reporting amazing results. It may actually be an ideal example of a dependable Bitcoin robot that is easily accessible to the regular investor.
- Bitcoin Loophole
Bitcoin Loophole system, also known as BLS, is rated as one of the most advanced Cryptocurrency trading software. It was created by the prominent Steve McKay; developer of Bitcoin code.
According to Steve, individuals who make use of bitcoin loophole software may likely expect fascinating results and gains directly from the time they begin. Most of the reviews have testified to this claim.
Providing the benefits of both manual trading alongside automated trading, Bitcoin Loophole practically levels the playing ground between expert and amateur investors. It has managed to prove that it produces steady numbers of earnings for both newbies and veterans on the field.
It has been designed to decide and evaluate worldwide Cryptocurrency market trends, and the reason for this continuous exercise is for it to be capable of generating higher profits.
All these are gotten by trading arbitraged that are determined via the ideal plans that have been strategized by the company.
Judging from the review of BLS; Bitcoin Loophole system, it is capable of spotting prevalent occurrences that is way different from any of its market competitors.
- Bitcoin Trader
The Bitcoin trader software bot is practically an app that has been dedicated to binary alternative trading. It provides automated trading alongside trading signals on commodities as well as currency pairs.
This Bitcoin trader software system functions with some of the most prominent and highly proven binary options tradings. It is absolutely free of cost. Nonetheless, users will have to drop a deposit not lower than $250.
It is the amount demanded to use in investing and used in earning money by the users. It was launched for investors that were strictly interested in cashing out solely with the aid of binary options.
This application makes sure that daily payments are carried out by new members. It can be freely downloaded with no charges incurred. The software is crucially effective as a trading platform for producing earnings even on autopilot.
It is also referred to as the Bitcoin forex trader application, and it is taking in a little and limited amount of beta testers.
- Bitcoin Evolution
Basically, this is a bitcoin trading robot that has been developed to allow Bitcoin traders to make profits without performing any actual trading themselves. Immediately the investor drops his or her deposit; the Bitcoin evolution bot takes over the work.
It carries out every of the market analysis and identifies trading opportunities before going ahead to place trades automatically.
The Bitcoin evolution has been programmed to play the role of a calculation tool that carries out every market analysis and comparisons. All these are done with the actual trading signals, and they are acted upon in a matter of milliseconds.
This bot reportedly has an 88% proven accuracy. This simply implies that the chances of turning into an overnight millionaire are really high. Judging from such high returns, the possibility of making four times the investment in a matter of weeks is high as well.
This programming innovation is regarded as a cutting edge technology, and it offers an upper hand when it comes down to actually placing trades that will be profitable.
- Bitcoin Revolution
Generally, the Bitcoin Revolution is simply an automatic trading system that was developed in the year 2018. It was created by a group of highly established brokers in the Bitcoin sector.
Bitcoin revolution executes trades o.o1 seconds quicker than all its other competitors. This is based on the signals that are emitted from the Cryptocurrency market trends.
Due to its algorithm, it has been reported that the Bitcoin Revolution actually feeds back the signals at a divided second swifter than most of the well-known Bitcoin robots.
Also, its creator is unknown. This simply means no one knows who the sole creator behind the Bitcoin revolution is. However, rumors have it that it was a group of brokers highly linked with Bitcoin that came together to build the software.
Due to the fact that they are all grounded on the technical know-how of trading in their very own platforms, it only took a matter of repairing the algorithm and making sure the platform is user-friendly.
It is actually safe to say that they have managed to succeed as the Bitcoin Revolution is rated as one of the easiest yet essential platforms that have been made available for swift investment.
- Bitcoin Profit
John Mayers is responsible for creating the Bitcoin profit automatic trading software. It functions at a speed of 0.01 seconds.
This is quicker than the market average, and it aids many of the users in making profits every day through trading Bitcoin and any other digital currencies.
Additionally, Bitcoin profit functions through transferring signals on everyday trends and swiftly closing and opening all buying orders. Dependable auto trading platforms such as Bitcoin profit and Bitcoin trader actually function like this.
They have been structured for users with little or no experience, and it enables them to lay back as the system practically executes all the difficult work.
Cryptosoft is an automatic trading software that practically transfers signals to users to trade virtual currencies. Judging from the company’s site, its results are automatic, and withdrawing of profits are carried out in less than a day.
Also, from the company, users can make a maximum of $5000 in a day. As stated by the company, roughly $25million in profits were produced through the beta testers of the Cryptosoft platform. It is referred to as a gold mine.
To Wrap It Up
For both newbies and experienced investors, the automatic trading robots look like a future that is impossible. Nonetheless, in the Cryptocurrency sphere and Blockchain technology, the impossible has been made possible severally.
These trading bots are strong computer science wonders that can transform how we use computers and the digital innovation around us. Automation is practically changing society as we know it.
It will only take some time before it all hits the investment world, and it simply makes sense that the Cryptocurrency industry would be the first place that would reveal it in a fashionable way.
While bitcoin trading robot is still in its infancy stage, early examples such as Bitcoin code have proven that one does not have to be a professional in the investment sphere before they can make dependable returns in the cryptocurrency industry.