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As a trader, you can leverage cryptocurrency market features to earn more capital. However, as a human trader, you have some limitations that will hinder you from appreciating these features. First, you cannot work round the clock since you have to rest. Again, you might be part-time traders who have other things to do hence you cannot stay on the screen throughout.
As a result, you cannot leverage the 24/7 operation nature of this market. Secondly, you cannot analyze a large amount of data in seconds to place a winning trade. As a result, you might not benefit more from the liquidity of the market.
Using trading bots can completely change these scenarios. Trading bots are capable of trading round the clock; hence, you will not miss any opportunity. Additionally, these bots are fast and accurate in analyzing the market data to place a winning trade. There are many bots in the market with a similar primary goal, to help you trade better by leveraging the market advantages. However, these bots have different features. Paratica is one of such bots.
A cloud-based fully automated trading system for cryptocurrency. Paratica allows you to set up, manage, and trade your account with Chiliz, Huobi, OKEx, and Binance exchanges. The company is also a member of Huobi Global Elites. This partnership gives the traders many privileges. For example, you can enjoy free Huobi auto trading in Paratica. Paratica has impressive statistics: more than 5,200 clients, 300 BTC funds, over 21 million-trade volume per month, and Over 3.2 million orders per month. Some of the bot’s exclusive features are as follows:
Following an Expert
build your own auto-trading strategy on Paratica, or copy a strategy from dozens of successful strategists. In this regard, you can analyze the success of expert strategies in a short time period or in a long time period.
Portfolio and Pair-based Settings
Paratica supports BTC, ETH, BNB, and USDT pairs. It allows you to choose which pairs to trade. You can use the pair scanner tool to find pairs fast according to your criteria. The pair-based tool allows you to configure each pair with different settings.
Built-in Strategies, Filters
Paratica has ready to use strategies that save you the hustle of configuring your strategies from scratch. You can define detailed settings and filters to meet your preference. With this feature, you do not need skills in coding to automate your trading.
Paratica allows you to trade with unlimited strategies, filters, pairs, and positions. Other than concentrating your capital on a few strategies, filters, pairs, and positions, you can spread your settings across many of these parameters to ensure that you have spread the risk.
Advanced Position Exit Methods
You can use Stop Loss, Take Profit with many calculation methods, and tools to set up your strategies. With a stop-loss order, you can close the losing trade automatically at a certain price to limit the loss. A take profit order allows you to close a profitable trade automatically at a price you set. These tools allow you to follow positions increasing your profit.
Market Order, Limit Order
With Paratica, you can use both Market Order and Limit Order in your automated orders. A market order allows you to set the order in which buying or selling of the financial instruments will be executed on the market price prevailing at that point of time. With Limit order, you can set your order to purchase or sell your security at the mentioned price or better. With Limit order, you can control the percentage profit; nothing will take you by surprise.
You need not be an expert to use Practica. The project provides a built-in strategy, and you can define detailed settings and filters. You do not need coding to define these strategies.
Paratica has a clean and intuitive website that even the first-timers can use with very little difficulty. You can navigate the website in English, Turkish, or Japanese. Users can visit the company's official YouTube channel to watch the tutorials.
The education page ‘Quick Start’ has very resourceful materials to help the beginners to start trading.
Paratica uses API keys to connect to your supported cryptocurrency exchanges. The bot has no withdrawal rights, thus, your funds safely remain with your exchange account.
As a user, you can also activate two-factor authentication (2FA) security to protect your account. Paratica also puts in place other security measures such as SSL to protect your personal data.