MultiTrader
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Introduction
The volatility of the cryptocurrency market is a new phenomenon. The Crypto market is full of ups and downs, with prices falling and rising. This creates a window of opportunity for investors and traders to invest in these price changes and make a profit. But this volatility is not easy to deal with since humans can only stretch themselves to a certain limit of work time.
Opportunity
The volatility of the cryptocurrency market is an opportunity for traders to make a profit from anywhere around the world. Crypto traders often make lots of profit from trading on the volatile crypto market. From this point, they sell and buy cryptocurrencies for a profit crypto prices fall and rise.
Problems
The trading of cryptos becomes even more challenging when one has to rely on manual trading. This form of trading is laborious, inefficient and time-consuming. The volatility of the crypto market demands that a trader is alert 24/7, which is not humanly possible. This calls for the use of better ways of trading, which is the use of technology to solve technological problems.
Solution
Trading bots, automated trading software, are what traders need to make their trade more efficient and profitable. Bots work to transact on behalf of a trader depending upon the strategy created by the trader. Multitrader is one of these trading bots available for the market.
About
MultiTrader is a cryptocurrency arbitrage trading platform that eases a trader’s trading experiences. This platform monitors 21 exchanges and constantly searches for arbitrage opportunities. The platform uses bots, which are customizable trading strategies. MultiTrader is cloud-based and is a user-friendly web interface that allows users to perform analysis, manage bots and review trades. The platform also provides an elaborate reporting functionality. In summary, MultiTrader supports the following actions:
- Ability to trade on 21 exchanges: This platform consistently monitors 90 currency pairs on 21 exchanges, detects arbitrage trade opportunities and allows one to trade on them.
- Cross-exchange order book matching: To detect an opportunity for arbitrage trade, the platform searches for situations where given currency pair can be bought for a lower price and sold for a higher price on another exchange.
- Real-time automated trading: Traders can define an unlimited number of bots, each with different arbitrage strategies. These strategies will react in milliseconds in response to the market situation.
- Optimizer and backtesting: Traders can use recorded trade books for simulation. They can also back-test their strategy. The optimizer can also check millions of various scenarios to come up with the best parameters for their bot based on historical data.
Ease of use
MultiTrader is one of the finest crypto trading platforms. Using arbitrage trading bots, MultiTrader makes work automatic and easier. The platform has a user-friendly interface where traders can analyze the progress. It uses statistical calculations and order book matching to search for potential opportunities in arbitrage trading. As such, a trader can review the trades with the help of bots and get periodical reports on their trades.
Safety
MultiTrader does not hold any trader’s funds or coins. They only facilitate the connection of exchanges via API Keys. Therefore, the funds remain safely stored in a trader’s exchanges. Additionally, MultiTrader is cloud-based.
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