When working with digital coins, the level of income depends on the right choice of platform. A reliable crypto trading platform helps you to make money on crypto trading. If you are looking for the best trading platforms to build your crypto portfolio, continue reading this article.
One of the best crypto day trading platforms is considered Cryptorobotics. This platform allows traders to trade absolutely free. Let’s take a closer look at what opportunities Cryptorobotics provides traders.
What is a cryptocurrency trading platform?
Cryptorobotics is a cryptocurrency trading platform designed for trading and exchanging cryptocurrency for others through various crypto exchanges. Choosing this trading platform to work with cryptocurrency, a trader gets several significant advantages. Firstly, it provides access to a variety of digital assets. Secondly, it is available 24 hours a day, which ensures an uninterrupted trading process and allows traders to make forecasts about the growth or decline in prices with a help of technical analysis.
Cryptorobotics supports the best 16 top crypto exchanges via API: Binance, Binance Futures, Binance.US, Bittrex, Bitfinex, Huobi, Kraken, Gate.io, CEX, Bitfinex, OKEX, EXMO, P2PB2B, Poloniex, KuCoin, Bybit, Bybit Inversion. In addition, platform users can create sub-accounts for the Binance and Binance Futures exchanges to bypass the verification process. Also, with the help of a sub-account, traders can implement a number of strategies when trading cryptocurrency and secure their funds as much as possible by dividing their balance.
Besides, users of the platform can also use a huge number of tools for algorithmic and manual cryptocurrency trading. Let’s look at them in more detail.
Crypto trading bots
Crypto trading bots are a program that is designed to automate trading and is developed on the basis of algorithms. Crypto bots are able to independently analyze the market, as well as make decisions about entering or exiting a trade according to a predetermined algorithm.
Autofollowing is an algorithmic function that enables the user to trade using a crypto bot. This bot gets and processes signals from the analyst, and after that, it starts opening orders.
Copytrading is an algorithmic function that allows users to copy trades from experienced traders. With help of this function, users will be able to learn crypto trading from a professional trader.
This algorithmic tool is intended to trade according to the analyst’s prediction, which is based on the information obtained in the analysis. This tool works as follows: a trader receives a crypto signal from an analyst about a possible profitable trade. All trades are opened automatically by the parameters set by the analyst.
OCOs, or smart orders
OCOs, or smart orders, are designed to protect a trader’s funds while trading. There are three types of smart orders:
Stop loss is intended to protect the trader’s funds during trading. Typically, such an order is placed as an addition to an open position and is used to reduce risks.
Take profit is also placed in addition to an already open position. Its main task is to set the target profit level.
Trailing is a stop order that is placed in order to fix a percentage or amount of funds below or above the current market price. This feature is able to minimize losses and increase the trader’s profit.
Ladder Smart Order
Ladder smart order is a feature that allows traders to open additional buy/sell ladder trades. Instead of buying or selling a crypto asset at a single cost, a user buys a digital coin when its price goes down and sells it when the price goes up. The purpose of a ladder smart order is to open orders at a better price and then close the order in parts by placing multiple Take Profits.
Traders can enter and exit trades directly on the chart by specifying the parameters such as OCOs, market orders, limit orders, and stop-limit orders.
Alerts are notifications that a trader receives when a specified price or interest price is reached. This feature allows you to follow any price fluctuations and market trends.
How to register on the Cryptorobotics platform?
In order to register on the Cryptorobotics platform and start trading, it is necessary to implement these actions:
- Pass the registration process.
- Customize an account on one of the crypto exchanges available on the crypto platform.
- Link account to the Cryptorobotics trading platform.
- Start crypto trading.