Where 3Commas offers a 3 day free trial if you signup for their top "Pro" plan. One advantage that Cryptohopper has over 3commas is that the platform can be used without cost for a week, which is great for people who have never used an automated trading platform, and aren’t sure if it will be a good fit. Reserved Funds – If you want to make sure there is always something saved-up in your account, kucoin trading bot Cryptohopper has a reserved funds tool that lets you set aside a given amount of tokens. A trailing stop loss does this for you, and Cryptohopper has it as a standard feature on its platform Searching for Targets – One of the reasons why traders use automated tools is because they simply can’t be at a trading terminal 24/7.
Trailing Stop Loss – When a position moves in your favor, it can be a good idea to use a stop loss order that adjusts itself to the market, so that some of the gains will be a sure thing. This is extremely handy for traders who aren’t able to make trading a full-time job but have a good idea of the positions they want to take. Scalp Trading – Scalp trading (or ‘scalping’) is a way to make money quickly off of small market movements.
Cryptohopper has automated the scalping process, and the platform will scalp on your behalf along parameters you decide. Triggers – The crypto trade bot
markets can move quickly, and Cryptohopper’s triggers allow you to get in on the action. You can set up triggers to buy or sell short any of the tokens that Cryptohopper supports, and make a trade when the market moves in the direction you think it will take. Short Selling – Selling a token short means that you will be able to profit from a fall in its value, and Cryptohopper has created the ability to sell a token short when a trigger point it hit.
You can also set up a level where the position would be closed, and your profit locked-in. This may or may not be a useful feature for your individual style of trading, but it is a nice tool to have available. Positive Pair Trading – The trend is your friend, and Cryptohopper has created a positive pair trading tool to help find the best opportunities for making a winning trade. This is called dollar-cost averaging, and Cryptohopper has built a dollar-cost averaging tool into its trading platform.
Dollar Cost Averaging – When you buy a larger position in smaller increments, the amount that the overall position cost to buy changes. Signalers – Cryptohopper allows third-party traders to act is signalers as a part of its social trading network. Cryptohopper’s positive pair tool will look for any tokens pairs that have been performing well over the last 24 hours, and enter those markets. There are many ways to use dollar-cost averaging, and you can learn more about it on Cryptohopper’s website.
Cryptohopper will be at every exchange, kucoin trading bot all the time, looking to open or close a position when the market moves to a level that you determine.
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