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Bots have become more popular in the cryptocurrency market. Traders find it to conduct manual trading because of the three primary factors: time, discipline, and accuracy. No trader can trade round the clock the way the bots do.
Analyzing the big data in the market can also take days in manual trading set up, while in bots can do it in a matter of seconds. Finally, the bots are emotionless hence are 100% discipline – performs the trade strictly on the principles set up by the trader at the beginning of the trade.
loaded with more data than any other trading platform. This platform supports both Crypto, forex, and equity markets. It allows crypto traders to create and test their trading strategies. If the strategies prove effective, then the trader can turn them into live crypto bots on their exchange of choice.
This trading bot is infinitely flexible. A trader can command it through mouse clicks. The fundamental data, volume changes, and candlestick patterns enable the investors to have full control of their automation and build an advantage much easily. Below are the key features of CLEO.
Automated Trading System
CLEO allows the users to construct a full Automated Trading System or a simple one-line strategy within minutes. The process does not require a coding language, but a plain English language with easy 'Triggers and Conditions' strategy builder.
CLEO provides many features that the traders can incorporate in their strategy design. The tools include Indicators, candles, price movements, and correlations available. Users can also enjoy unlimited entry and close conditions as well as up to 10 rules per strategy.
Freely available strategies
The majority of bots offer both the option of using the readymade algorithms or customizing the strategies.
CLEO has free ready-made strategies for those who would want to start immediately. Such users leverage the readymade strategies that have tested profitable.
Paper Trading and Backtesting strategies
CLEO offers a comprehensive testing tool with reliable data for crypto, forex, and equity. Backtesting involves trade simulation using past data to test the effectiveness of the strategy.
Users can also use paper trading to evaluate the effectiveness of the strategy. This tool allows for the simulation of trade with the current market condition at no cost. These tools help the users to avoid losing their funds by ensuring that only efficient strategies are applied for live trading.
Simultaneous Trailing Take Profit
Trailing take profit and stop loss are important tools in minimizing losses and maximizing gains. Trailing take profit tool will track the prices as they move up until it reaches the peak. Once it starts falling, the bot will sell the coins to ensure a good profit.
CLEO does not require specialty in computer knowledge – especially coding – to operate. The user can command the software by a simple typing. The web-based online interface is also intuitive.
The platform also offers over free readymade strategies that beginners can opt for as they wait to get familiar with the market.
CLEO does not store your funds; instead, your balance remains with the exchange of your choice. In addition, the bot has restricted access to your account through the API keys that your exchange generates.
The bot cannot perform withdrawal from the exchange account hence making the user’s money safe even if a hacker manages to compromise the network.