Are Automated Crypto Trading Bots the Way Forward?

The Bitcoin boom has got everyone scrambling to the markets to make some quick buck.

10:10 02 December 2021

Okay, maybe not everyone. Risk-averse investors are still wary of what could become of cryptocurrencies and of seeing their capital turn into nothing.

 

Well, it’s not their fault. In the markets they participate in, they are used to picking an asset in a fairly conservative fashion and seeing it grow organically. Although assets posting hockey-stick growth are not totally unheard of in such markets, a majority of these investors and traders are still worried about their chances of making money at crypto markets. And they strongly believe that the best thing they could do about the crypto markets is just steer clear of them.

 

On the other end of the spectrum are risk-hungry traders and short-term investors who just love taking chances. The astronomical rise of bitcoin in the recent past has urged them to shift their base to crypto markets. They’re well aware of the conditions in the market and the kind of risks they’ll be assuming here but they still want to play the high-stakes game. That’s because the rewards waiting for them in these volatile markets makes it all worth it. They reckon they need to take their chances here and look at the unreasonably high degree of volatility in the market as an opportunity to make money hand over fist.

 

Touted to be the way forward in crypto markets, automated trading bots have been a revelation so far. They make trading a lot more manageable and stress-free for both newbie traders and experienced players, removing the burden of operating in a highly volatile environment where things could go from good to worse in a matter of a few seconds. In the sections to come, we will take a close look at some key benefits of trading bots and why they are going to be very instrumental for crypto trading success in the future.

 

Loaded with Features

 

The initial success of some smart automated trading platforms has led to the emergence of a series of trading bots with smart capabilities and great user experiences.

 

Full of useful features, leading trading platforms like the profit revolution elevate your trading experience to a whole new level. Registering your account is a cinch: fill up a form by entering basic information about you, make a small one-time initial deposit and you’re ready to go. The feature-rich software allows newbie traders to get their hands dirty with its smart demo account before trading with real money. A demo account gives you the chance to acclimatize yourself with the market, so you get a sense of what it feels like to trade in a market as volatile as Bitcoin. Trading bots with advanced features can quickly integrate with exchanges and make it easy to connect to your favourite exchange where you think your preferred crypto pairs are available for trading at a better deal. Security is another strong point of these bots, which are guaranteed to offer superior protection to your personal records, trading capital and other information related to the assets you’re holding in your account. With SSL access, comprehensive GDPR compatibility and restricted access to your account through a special API key, you don’t have to bother about someone else gaining access to your account and rather use your time wisely on getting the bots to execute trades where you can make more money.

 

A Lot of Distinct Advantages

 

Although it looks like the bots run the show, the ultimate control and responsibility is still very much in your hands. Lay down the rules that you need the trading bot to adhere to and let it take care of the rest. The fully automated trading mode built into these bots abide by the set rules to the letter T. In so doing, they completely remove the risk linked to making irrational and emotional decisions and uncovers each and every profitable trading opportunity where there’s more reward and less risk. The accuracy and efficiency of automated trading bots is simply unparalleled, and the best part is they allow you to scale up your trading efforts with confidence. The control they place in your hands and the level of automation you can achieve with these bots is really good but what stands out the most is the integrated back-testing feature which allows you to keep on testing your strategy with historical information until you arrive at a trading strategy that ups the odds of your trade winning by a significant margin.

 

Impressive Numbers one can Rely On

 

The robust trading algorithm does all the heavy lifting, registering an impressive winning trade percentage of at least 85%. Anything upwards of 70-75% is considered remarkable in the world of trading. Trade processing speed as low as under 1 millisecond can be achieved through these trading bots and that really comes good in a highly volatile crypto market. These bots work round the clock, scouring the market for favourable opportunities and executing trades at maximum efficiency and accuracy even when you’re fast asleep, an advantage which is impossible to match. Hosted on a fairly good network infrastructure, these bots are guaranteed to provide 100% uptime so there’s virtually no risk of missing an opportunity to trade and make money.

 

Automated trading bots have grown from strength to strength, metamorphosing into a force to be reckoned with. Gone are the days when they were merely looked at as an alternative form of trading. A lot of traders, who’re just stepping into the crypto space with no experience to show, bank upon them to trade well and to keep the profits rolling in. Being able to trade is one thing and trading well on a consistent basis is a completely different thing altogether. And it’s a good thing that the top crypto trading bots out there, with their suite of features and functionality, are helping traders make that giant leap.