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Cryptocurrency trading bot is game changer technology in the highly volatile cryptocurrency trading market. The prices in this market are changing so quickly that it is hard as a human trader to track the market trend and make meaningful data out of it that could inform your timely trade. The market also operates 24/7 hence demand a lot of time on the screen. This market is also generating big data that could be hard for a human trader to analyze and use to make a trade decision.
It is for these reasons that the cryptocurrency trading bot has gained popularity in this industry. These bots are automated computer programs that trade (buy and sell) on behalf of a human trader. These bots continually monitor the market and reacting according to a set of predetermined rules. There are many of such bots, with different features, in the market. RevenueBot is one of the bots that offer good auto-trading services.
RevenueBot is an automated software for trading on cryptocurrency exchanges that uses an application-programing interface (API). The bot takes advantage of the volatile rates of crypto coins. The bot can trade any pair of crypto coins available on the selected exchange.
This bot works fully automatically, but it needs to be configured. RevenueBot does not impose any specific settings. This platform works with multiple exchanges including Binance, Bitfinex, Bittrex, Poloniex, Exmo, CEX.io, OKEX, KuCoin, and Livecoin. The following are the exclusive features of RevenueBot.
Smart Order Matrix
There are two types of order matrix, used for trading, that the bot places on the exchange: Matrix orders volume and Matrix orders prices.
Matrix orders volume is allocated according to the volume changes. It is defined by the martingale system. The short order in a matrix has the smallest volume and closest to the current exchange price. The following orders have a larger volume and stand further from the current exchange price.
Additionally, matrix orders volume can be adjusted manually, defying the percentage of the total stock deposit allocated to the bot. Matrix orders prices are allocated according to the price change overlap percentage, assigned in the bot settings. Price allocation may be linear or algorithmic. Linear allocation implies that the order prices are allocated evenly from one another across the price change overlap. The algorithmic allocation, on the other hand, means the orders are allocated more densely according to the current exchange price to involve more deposits in trading with insignificant volatility.
Trade Protection Mechanism
RevenueBot allows you to set your trading time. You can trade only when the time is right. Bot start filters can help you to avoid buying too early at a high price or selling too early at low prices.
Volatility Indicators and trading signals
When trading with RevenueBot, you can choose the right trading with good volatility to gain more revenue. This bot will calculate volatility indicators and trading signals in every trading pair available on the exchange.
Trading Pair Automatic Switching
You can set your bot to automatically switch trading pairs according to the previously created list. This feature will help you to avoid deposit delay. You can also set the bot to switch trading pairs automatically according to the volatility analyzer.
Saving Various Bot Operation Settings Presets
RevenueBot allows you to save optimal bot operation settings and use it with the other bots. You can also save an optimal volatility analyzer setting and use it to automatically switch between the trading pairs.
RevenueBot has an intuitive website that even a beginner will find easy to use. You can easily identify the main features on the website. The registration process is also simple and clearly explained on the website.
The FAQs also has all the settings’ description. You can easily configure any aspect of the bot operation using a convenient control panel. The simulation bot can also help you to familiarize yourself with the platform.
RevenueBot does not store or accept deposits of your cryptocurrency. All the funds remain in your account on crypto exchanges. The bot only accesses the account through API keys to conduct trade.
The platform also uses two-factor authentication (2FA). You can activate this setting to protect your account against potential cyberattacks.
ACB AdminJune 23, 2022 at 7:33 am
RevenueBot has a unique pricing plan – paying a commission on what you earn. The bot also has exclusive features including Trade Protection Mechanism, Volatility Indicators, trading signals, and Trading Pair Automatic Switching.
This bot is worth trying, especially considering the pricing plan that will not drain your pocket especially if you are not yet making profits.