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Two primary factors define the success of a trader in the cryptocurrency market: speed and time. The trader must be fast enough to analyze the constantly changing market prices and execute a trade. The market also operates 24/7 implying thus requiring trader’s longevity on the trading platform. These two factors call for more than a human trader can offer.
These concerns have triggered the development of crypto trading bots. These bots provide a perfect solution to these challenges. They are fast in processing data and making quick decisions based on the embedded algorithm.
The bots also help the new users by carrying out for them what would be challenging, were they to do it alone. Trading bots are quick and inexhaustible. This technology proves a game-changer technology in the crypto industry. LiveTrader is among the most common crypto trading bots.
Comprehensive trading bot platform with a wide range of automated bots for creating a crypto trading strategy. LiveTrader platform works through API connections and provides access to about 1,000 different trading bots.
The bots can perform automated trade on popular crypto exchanges including Bitfinex, Binance, KuCoin, Bitstamp, Poloniex, and Kraken. LiveTrader accommodates traders of different levels. It provides all the users with access to extensive historical data and a wide range of popular technical indicators.
Also, this platform allows users to backtest their strategies and customize them appropriately. LiveTrader also incorporates a market place that allows all members to trade strategies.
As a user of Live Trading, you also get access to a wide variety of popular technical indicators including SMA, RSI, MACD, and STOCH. You also get access to between 20 and 1000 different bots based on their subscription plan.
If you are an experienced trader, then this project also suits you since it allows you to customize your bots since it supports algorithmic trading. Users with less experience can buy already existing automated trading strategies. They can extensively backtest their strategies before deploying them. The following are the key features of LiveTrader:
Range of Tools – the platform incorporates stop-losses and trailing stop-loss order and also include common market and limit order options. Subscribers also have access to about 1000 trading bots and more than 21 technical indicators.
Technology – the project allows any user to set up automated trades through API integration with six main cryptocurrency exchanges. The platform is also functional 24/7 hence the investors curry on an automatic trade around the clock. The platform is also cloud hosted hence requires no installation or upgrade.
Flexible Subscription Plan – Anyone who signs up with LiveTrader gets a 7 days free trial. After one week, there is a range of monthly plans from $15 to $79. There are no additional charges and core platform features are available to all subscribers.
LiveTrader is a web-based platform with an intuitive user interface. The main dashboard is also well-designed and easily navigable by users of all levels. The platform is accessible through desktop, tablets, or mobile devices.
LiveTrader uses 2048-bit encryption to secure the users’ data hence making it very safe. This technology makes LiveTrader twice as safe as a bank system that uses 2024-bit encryption.
The platform also operates with the supported exchanges via API integration. The bot has restricted access to the user's account. It can only perform trade but not withdraw funds. This a common security technology that nearly all crypto trading bots employ.