Cryptocurrency trading is no longer a new type of investment, and the process itself is not as complicated as it might seem, since, in addition to manual trading, traders can also use algorithmic tools to trade cryptocurrency. Crypto tools allow traders to improve their experience with crypto, whether it is crypto trading, crypto accounting, crypto statistics tracking, or any other options for use.
One of the trading platforms which has a wide range of cryptocurrency trading tools is Cryptorobotics. Every tool has a unique purpose and benefit. Every tool has a unique purpose and benefit. There are tools that are capable of helping with getting a profit, improving your portfolio, and reducing the risks. In this article, we will overview what crypto trading tools are offered on this crypto platform.
Crypto trading bots
Crypto bots are an algorithmic trading tool that can track the necessary indicators independently and decide on trading under these indicators. Cryptorobotics trading bots are aimed at automating trading strategies and trading cryptos around the clock even when the trader doesn’t monitor his computer. Crypto trading bots start trading when there are positive movements of the price and they exit deals in compliance with the Cryptorobotics algorithm or the algorithm customized by the user. Bots are fully automated, so the trader just has to configure a few settings before launching them, and then it will enter the trades on the chosen exchange by you.
There are currently available four types of crypto trading bots in the trading terminal:
- Optimus
- Cyberbot
- Crypto Future
- Bearish Power
Signal Trading
Signal Trading is a feature designed to trade cryptocurrency in keeping with the forecast of experienced analysts. The analyst provides the trader with signals that include information about possible profitable trades on exchanges. Trading signals can be suitable for both beginners and experienced traders. It can help beginners to study the market and figure out how the crypto trading process works. For experienced traders, it could be useful to find out new trading strategies. In addition, this feature is fully automated and can help to increase profit as well as minimize traders’ losses.
Autofollowing
Autofollowing is an algorithmic feature that enables you to start trading due to the bot that follows the analyst’s signal. The bot handles these signals and enters trades. Traders set up this tool one time, and after that, users can monitor statistics and get passive income from crypto trades.
Also, traders can launch the AI Columbus Channel of Autofollowing that uses Artificial Intelligence algorithms. This system can forecast the price for every next hour and provide a signal at the current moment or wait for a suitable trend. Due to the machine learning algorithm, the system studies to distinguish global and local support as well as resistance levels and movement algorithms. In addition, the algorithm takes into account the following things like trading volumes, the speed, and dynamics of changes in the motion vectors and calculates the minimum entry point.
Copytrading
Copytrading is a strategy where one trader copies the deals of another experienced trader and monitors the execution of trades of that investor. The copying trades are automatically transacted. This kind of investment is suitable for newbies who don’t have enough knowledge and skills in crypto trading. Some professional traders can also use the Copytrading function if they wish to consume time to investigate the market more deeply. Before you choose a channel for subscription, you should consider the statistics of each channel. Therefore, you will be able to make a decision whether it is worth purchasing a subscription from this trader or not.
In addition to the basic tools, you can also configure additional functions such as Take Profit, Stop Loss, and Trailing. These functions will help you manage risk and increase profits.
How to start using Algotrading tools on the Cryptorobotics trading platform?
In order to start using algorithmic functions, you need to:
1). Go to the CryptoRobotics trading terminal.
2). Register on the platform.
3). Select “Algotrading”.
4). Choose one of the algotrading tools: Crypto trading bots, Signals Trading, Copytrading, or Autofollowing.
5). Customize one of the algorithmic trading tools.
6). Start the trading process.
Conclusion
The Cryptorobotics platform offers different solutions for crypto trading and facilitates minimizing losses as well as improves the trader’s profit. This platform has a multitude of functionality that gives an opportunity for every trader to find the right strategy for cryptocurrency trading quickly. Thus, even if you are a beginner in the crypto trading world, you can easily pass the registration process and start trading by selecting one of these tools presented on the platform. Moreover, there are several modes: Demo, Test, and Work Modes. Therefore, you can use Demo or Test modes to investigate the platform and view all its functionality before you start using Work Mode.
