Trading cryptocurrency is not easy. Unlike stock markets, cryptocurrency markets do not close thus presenting a very stressful scenario for both causal investor and seasoned traders in the industry. The crypto market is also very volatile. If you have ever traded digital coins, you are probably familiar with the sinking feeling of waking up with massive losses or that pleasant feeling of waking up with large gains in your portfolio. It is just hard to hit the optimum points for selling and buying to make profits. The market also presents big data that is difficult to analyze within a short time to help in decision-making. Crypto bot technology specifically aims at leveraging these features – making them work for the benefit of the trader.
Crypto trading bots are pieces of software designed to analyze trading data and to place sell or buy orders on behalf of the trader. They typically analyze market actions such as price, volume, time, and orders. These software act based on pre-programmed and predefined rules. These bots remove fear and emotions from the trading equation by allowing the trader to execute trades based on a predesigned strategy. They also allow you to run your trade round the clock hence no fear of missing an opportunity while you are asleep. The large increase in the popularity of cryptocurrencies has allowed for the rapid increase in the number of trading bots in the market. These bots have different features but work with a similar primary goal – helping you to get the best out of the market. One of such bots is Bot-as-a-service.
Bot-as-a-service is a powerful trade automation tool for cryptocurrencies. Whether you are a day trader or a seasoned trader, this bot has something for you. This bot will allow you, as a starting trader, to set your own automated strategies and trading bots. If you are an advanced trader, this bot will allow you to create complex trading strategies using the extensive selection of indicators and tools. Bot-as-a-service supports Binance exchange. The following are the key features of Bot-as-a-service.
Large Collection of Indicators and Market Tools
This bot allows you to benefit from a large selection of indicators and market tools hence you can create complex strategies with ease. You can easily build and configure your trading system, mitigate risk, and lock in profits with automatic stops. You can also test and optimize your bot to maximize gains.
Powerful management tools
Bot-as-a-service allows you to enjoy the effortless management and execution of a trade. It provides an all-in-one overview of your trading activities hence helping you to track your records and organize your trade. It also provides automatic portfolio tracking that can help you to monitor your accounts 24/7. You can begin trading as soon as you have connected your exchange APIs to the trading platforms.
Cloud-based automation
Bot-as-a-service provides a cloud-based automation software that you can access through any gadget – phone, laptop, or desktop – from any place as long as you have access to the internet. You can achieve trading consistency with this bot. It helps you to eliminate emotion from your trading and accelerate your trading with the power of automation.
Bot-as-a-service presents an easy-to-use platform with a proper guide on how to use the platform for both the new users and experienced traders. The section ‘How it works’ presents clear steps from creating an account to beginning the trading process. This process takes just about 10 minutes. If you are a new trader, you can use the available preset strategies or create your own strategies. In either case, there are no coding skills required. You can also learn to navigate the markets using the available interactive documentation.
Bot-as-a-service is committed to maintaining the security of your account as well as your personal policy. The platform does not require any direct access to your account. You can connect your exchange API keys directly to Bot-as-a-service servers. The company secures your data with AES-256 encryption and never handle your funds – to deposit or withdraw. The company also encourages users to activate two-factor authentication (2FA) for an additional layer of security. Bot-as-a-service allows you to control how your data is used. The company only collects your data when they genuinely need it to provide a service to you. The company does not share the users' details with an unaffiliated third party. In addition, the strategies you create are your intellectual property and only you can access them.
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