Cryptocurrency trading is considered one of the most demanded and popular types of investment.

However, not all traders have enough experience and knowledge to trade cryptocurrency manually and make decisions on their own since the cryptocurrency market is not stable due to its high volatility, and any rash decisions in trading can lead to loss of funds.

Therefore, a huge number of traders start using algorithmic functions in their trading. But what are the most suitable algorithmic trading tools to choose from?

Some of the best ones that crypto traders use in their trading are Trading Bots, Autofollowing, Signal Trading, and Copytrading. All these tools are presented on the Cryptorobotics trading platform.

Crypto Trading Bots

A crypto trading bot is a program designed to enter the trades on an exchange instead of a trader according to customized parameters by the user. Crypto trading bots purchase and sell digital coins automatically at the right time with the aim of getting returns.

This type of algorithmic trading can protect investors from losing funds and increase the passive income of traders. The main rule is to customize these bots correctly.

Cryptorobotics offers its users four types of crypto trading bots:

  • Optimus is designed for entering the trades during the flat market.
  • Cyberbot trades during the bullish trends in the market.
  • Crypto Future is divided into three kinds of bots (Conservative, Moderate, Risky) and can enter the trades during bullish and bearish market trends.
  • Bearish Power enters the trades according to traders’ customized parameters to provide information about the potential reversal of the market trend.

On this occasion, the bot enters the trades without having to wait for a signal that confirms the market trend. It opens orders by using statistical extreme values. This bot trades during both bull and bear markets.

Copytrading

Copytrading is a kind of algorithmic trading where the user copies the trading strategies of a professional trader and tracks the effectiveness of the execution of trades by this investor. This function is suitable for novice crypto traders.

If the trader doesn’t have enough knowledge about the crypto market and how it functions, so this tool can simplify the crypto trading process until the trader gets appropriate experience and skills in crypto trading.

Moreover, many expert traders also utilize Copytrading in their trading to generate passive income and save time for creating new market strategies.

Autofollowing

Autofollowing is an algorithmic tool that simplifies the process of cryptocurrency trading. This function operates as follows. The bot enters the trades in accordance with analysts’ signals.

After the bot receives a signal, it processes them and starts the trading process. You customize the Autofollowing function only one time, and then you can monitor statistics and get a profit.

If you want to set up the Autofollowing tool, you must follow these steps:

  • Choose the channel;
  • Click on the “Subscribe” button.

Additionally, you have an opportunity to subscribe to AI Columbus Futures Channel that employs Artificial Intelligence algorithms. This system presages the price for the next hour and adjudicates to provide a signal or wait for a better market trend.

Owing to a machine learning algorithm, the system learned to distinguish global and local support and resistance levels, as well as an algorithm movement.

Besides, the algorithm considers the volumes of trades, the rapidity, and dynamics of changes in the motion vectors and estimates the low entry point.

Signal Trading

The Signal Trading feature provides traders with the possibility to follow the analysts’ signals and monitor their implementation from a single interface.

Signal Trading significantly simplifies crypto trading, increases profits, and prevents traders from risks.

If you decide to trade with a help of using this function, you should select “Algotrading”  and then “Signal Trading”. Afterward, you will be able to see a full list of all analysts’ channels and statistics of how many profits their signals bring to the traders.

Besides, you can customize the Stop Loss, Take Profit, and Trailing that can help minimize the risks and improve the profits.

  • Stop-Loss (SL) is created to make the trading process safer and reduce the risks of losing funds. Traders can set up this order additionally to the open position.
  • Take Profit (TP) is also customized in addition to the open position. The main function of this tool is to set a target level of income.
  • Trailing is an order designed to fix a percentage or amount of funds below or above the market price. This feature can minimize losses and increase your returns.

Conclusion

Cryptorobotics is a unique crypto trading platform that complies with all the technical demands of cryptos holders.

The platform provides many cryptocurrency holders with a wide range of the most effective algorithmic trading tools that make the whole process of cryptocurrency trading more straightforward and secure.