Auto Rebalance Crypto Portfolios With Okx’s Smart Portfolio Trading Bot

The Smart Crypto Bot provides access to multiple trading strategies that can improve your financial standing in the crypto space. The availability of a portfolio management feature even enables you to track how your orders are doing. Therefore, you can make the necessary adjustments to improve your trading. Sadly, the software will take 0.15% of any profit you make from every trade, reducing your income substantially in the long run. Once you have everything setup, Smart Crypto Bot goes to work.

You can also take Live Trader up on its 7-day free trial, which should be enough time for you to assess whether the Bitcoin bot provider is right for you. On the contrary, not only can the bot mirror the viewpoints of the trader in question autonomously, but it can do so on multiple exchanges on a 24/7 basis. Smart Crypto Bot is a customizable bot that allows you to set up the triggers, strategies, and other aspects and trade emotionlessly. The bot uses advanced automation which is crucial for making profitable trades in the crypto market. For ensuring the best results you need to execute accurate and emotionless trading. Like other crypto bots, it interacts with your exchange through API keys.

Smart Crypto Bot

Smart Crypto Bot is an advanced automated crypto trading bot. When it comes to crypto trading automated and emotionless trading is very important. With the smart crypto bot, you can setup your preferences and let the bot do the work.

For example, if your bot is instructed to scrape profits in a period of consolidation, it can still execute other orders that you set. If and when Bitcoin eventually breaks out of the pre-programmed consolidation area, it can then trigger additional orders – such as a trailing stop loss. The key metric that will determine whether or not your arbitrage trading endeavours are successful is the number of exchanges that the bot supports. Ideally, you will want the bot to be supported by as many exchanges as possible. This will ultimately increase your chances of profiting from a potential disparity in pricing between one or more exchange platforms.

Firstly, novice traders that wish to utilize an automated bot can purchase a pre-programmed strategy, meaning that no experience is required to put the bot into action. The trading bot automatically executes trades to rebalance your portfolio according to the parameters chosen when setting it up — you can just set it and forget it. A further benefit that must be highlighted is the fact that Bitcoin trading bots are suitable for all experience levels. On the one hand, they are ideal for advanced traders, insofar that investors can utilize highly advanced trading strategies around the clock.

What Is A Bitcoin

It tells customers that they are not dealing with an organization that is only interested in money. Crypto platform vendors often put up statements that reveal the long-term goal of the company. Unfortunately, there is nothing of that sort to be found for Smart Crypto Bot. The system can be used by all types of traders from beginners to professionals. We can use a dashboard to check how the robot works and where the market goes.

As we have already discussed the ins and outs of arbitrage trading in the context of an automated Bitcoin bot, we won’t expand on this any further. However, it is important to note that most third-party cryptocurrency bots allow you to program the software to detect potential opportunities. We also like the compatibility with smartphones and tablets, meaning that you can monitor your automated bot’s trading endeavours while on the move. The only slight ‘chink in the armour’ is that you will be required to fuel your trading bot with the platform’s native KRL tokens.

  • Thanks to TradingView integrations, you can easily modify the charts.
  • The Smart Crypto Bot is a fully automated algorithm that trades cryptocurrency according to the parameters set by the trader.
  • The platform allows traders to manage their positions and place orders manually if required.
  • Each plan comes with its own benefits and limitations, so the one that you go for will depend on your individual goals.
  • Next, type the percentage of your portfolio you want each crypto to occupy.
  • The Smart Crypto Bot provides multiple options for traders to automate their crypto trading.
  • By paying this amount, you will have access to an advanced trading bot, 24/7 activity, and high-level support.

Many trading strategies are integrated into the platform to enable efficient trading. An integrated TradingView ensures you use all the premium features of the service and get an optimal chart view. With a TradingView license, you can configure webhooks to allow the bot to trade with the alerts from the service.

Step 4: Align Your Bot With Your Chosen Cryptocurrency Exchanges

Though the software is designed to manage your positions automatically, you are allowed to intervene and manage them manually if you want. In any case, the WebSockets protocol has been used to create a live view of your coins so you can see the revenues and losses the bot is making. In that regard, the platform allows you to develop your own strategies, come up with your own trading rules, and trade without emotions. You can manage all your orders and review your transaction history. It shows you the live detailed information about your positions.

Each plan comes with its own benefits and limitations, so the one that you go for will depend on your individual goals. It takes a fee of 0.15% on each trade, in addition, to the 10 Euro bot fee. It provides predefined strategies like RSI, smartbot Bollinger Bands, and others. You can manually create a position and let the bot track and execute actions. While the vendor claims that the smart bots are designed to be effective in any market conditions, there is no proven track record.

Smart Crypto Bot

For example, if the price of Bitcoin goes up by 3% in a 4-hour period, you can instruct the bot to make a purchase. At the same time, your bot can then proceed to place additional orders on your behalf. This might be to exit the trade when Bitcoin increases by a further 2%, or goes down by 1%. This is something that you would otherwise have had to do manually. Check out the following benefits of using a Bitcoin trading bot. As you can see from the above example, your bot performed a buy order based on the pre-programmed specifics that you installed in advance.

Best Forex Robots

According to the vendor, Smart Crypto Bot is an automated bot that continuously looks at the market for opportunities to improve your assets. Unfortunately, we cannot verify the performance of the bot nor its reliability. This is because it lacks live trading results, backtest data and customer reviews on its official website and third-party platforms. When one asset in the smart portfolio trends upward versus the others, the trading bot automatically starts to sell assets gradually, effectively taking profits. Smart Crypto Bot is an advanced automated bot that trades the crypto market.

While using Binance for example, you can use BNB to reduce the fees. When the bot detects insufficient BNB, it will purchase a minimum of $10. The parent company has its headquarters based in The Netherlands.

Unfortunately, users are limited to working with 2 exchanges only. Smart Crypto Bot runs on the web, so you are not required to install any software on your computer or phone. It offers users an opportunity to earn money while relaxing, working, or even sleeping. It also gets rid of emotional trading, which could cost you a lot of money especially in the highly volatile environment that is the crypto market. The fact that the vendor reveals so little information about the system is a major red flag. It makes it difficult for us to determine the reliability of the platform.

The Smart Crypto Bot looks to make your trading in the crypto market emotionless and effortless. This way, you can earn passive income even when you are sleeping. So, you can make the necessary adjustments to your strategies to optimize the bot’s performance.

How To Start With Smart Crypto Bot?

Just visit the bot’s official website and click on the ‘register’ icon situated on the right top corner of the page. A confirmation link will be sent to your inbox, and once you verify your email address, you can begin using Smart Crypto Bot. Asana helps you plan, organize, and manage Agile projects and Scrum sprints in a tool that’s as flexible and collaborative as your team. From Boards to Timelines and custom fields to dependencies, Asana has the features your team needs to build fast and ship often.

Smart Crypto Bot

Don’t forget, trading bots do not have the capacity to ‘think’, rather, they simply mirror the actions that you program within the software algorithm. As such, a Bitcoin trading bot completely alleviates the threats of adverse emotions and irrational thinking, which is crucial. As such, you can preprogram your bot to spot arbitrage opportunities on a 24/7 basis. This means that regardless of what timezone you are operating on, your Bitcoin trading bot can make risk-free gains when exchange price disparities occur.

Higher Interest Rates And Regulation Chatter Spells Doom For Cryptocurrencies

Therefore, any fraudulent or illegal activity occurring on the platform may go unaddressed. You could lose your money, and nothing will be done about it. The devs have created an easy to use platform that doesn’t involve complicated terminology. The interface is intuitive, and you can easily navigate through it and learn more about the bot. A TradingView is also integrated to make the life of the user much easier and provide an optimal chart experience. We develop customized bots as per your needs and are scalable depending on your request to execute precise strategies.

Crypto Signals Guru Review

Rebalances in scheduled mode will only occur if the portfolio has become unbalanced by 3% or more at the selected interval. The platform sells each bot at €10 per month and charges a 0.15% fee per trade. In return, you also receive 24/7 activity and high-level support. MoonBot is a platform that allows manual and automated trading. On-demand execution of orders on the exchange is possible with a click.

You must be aware and willing to accept the risks to invest in the markets. Past performance of any results does not guarantee future performance. Therefore, no representation is being implied that any account can or will achieve the results indicated in this website. Once you create an account on Smart Crypto Bot, you can begin conducting trades. Smart Crypto Bot is a system that promises impactful results. According to the developer, it uses carefully implemented strategies, portfolio management, and risk management.

It supports some of the top exchanges and has risk and portfolio management functionalities as well. This trading platform is easy to use for all kinds of traders. After the setup process is complete, the bot starts working. It constantly scans the market looking for lucrative trading occasions. The user can set a configuration and the robot uses trailing stop-loss, stop-loss, and other strategies based on it. It has triggers and trading strategies that allow you to make profits.

Updated: 13 octobre 2022 — 13 h 46 min

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