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Cryptocurrency trading bots are dramatically rising in popularity. They are automated software that will execute trades on an exchange on behalf of the trader.
What you can achieve with these bots, is very much greater than what you would achieve through human trading. You can get the best of volume trading, speed, longevity, and emotionless trading through these bots. No wonder many traders are turning their attention towards these bots.
There are many of these bots in the market and they all have something to offer. However, even the very best of them are not all the same. They come with different profitability, usability, and qualities. We will look at one of such bots – Apex Trader.
Automate your trading strategies and run them 24/7 on a wide market range. The platform features trading bots that you can use to employ several trading strategies.
This bot is highly configurable and anyone can create their own automated trading strategies and deploy them to work round the clock. Below are the key features of Apex Trader.
Highly Configurable Software
Apex Trader provides over 100 technical indicators including candle patterns, which can run on their own timeframes. You can combine the indicators to create ‘hybrids’ as well as run on their timeframes within the same strategy. Therefore, anyone can create their automated trading strategies and then deploy them to run 24/7 on a wide market range.
With Apex Trader, you can create and store as many strategies as you want. You can then switch these strategies within a few seconds on any running bot or do it through automation. You can also set up multiple buys and sell groups consisting of any number of indicators and signals within a strategy.
Comprehensive Take Profit Targets
Apex Trader provides four profit-taking options: Percentage Profit, Trailing Stop Loss, Dynamic Profit Taking, and Sell on Technical Analysis.
Percentage profit involves setting a percentage from the initial purchase price. Trailing Stop Loss allows you to follow a price upwards and only sell once it starts to decline. Through Dynamic Profit Taking, Apex Trader can scan recent market movements and provide a custom percentage profit target. Finally, Sell on Technical Analysis allows you to build a custom sell strategy using any combination of indicators and timeframe.
Automation provides you with tools to handle changing market conditions such as change strategy, top-up on BNB for trading fees, and many more. You can also automate routine manual tasks.
Automation comes in three forms – strategy based, time interval, and time range. These forms can attach many actions such as Enable/Disable buying and selling, Enable/Disable auto-reverse trading, and Panic sell all positions.
This is a technique used to spread the cost of an asset, effectively averaging out the cost of buying your asset. Dollar-Cost Average can also be very useful when a position has slipped into the red. With Apex, you have access to both the manual and automated versions of this process.
This is the act of trading ‘in reverse’. You can configure Apex to get out of losing position and re-enter it at a lower price skipping some of the losses when the market goes against you.
Apex Trader is generally well laid out and quite easy to use. The website is quite intuitive that even first time users can easily locate significant features. The automation also makes handling changing market conditions more straightforward even to the less-experienced traders.
Additionally, less experienced users can also browse through the popular community shared strategies in the Strategy Center. They can test out how these strategies perform in several scenarios before building their customized bots.
Apex uses API keys to connect to your supported cryptocurrency exchanges. This means that your funds are safe with your exchange account, as the bot cannot withdraw them. The bot has limited access to your exchange – it can only perform trade.
Apex also makes use of 2FA security to protect your account details. The platform is also secured with SSL which means that your information such as password remains private. The platform also makes use of SHA 256 encryption.
Starting from £30/month
There is a 7 day free trial for every new user
The developers of Apex Trader have spent a significant amount of time developing their customer support. You can contact the team through the support email or by simply submitting a request in the support section.
Users can also reach the team through social media platforms such as Twitter and Facebook. Telegram and Discord community are also useful platforms where the community members actively interact.
Additional customer support resources such as user guides and FAQs are available through the platform.