How do they work? #
See FAQs for more details:
https://support.nonstopalgo.com/crypto-trading-bot-faqs/
Things You Can Automate: #
- Auto buy/sells on repeat with defined stop-loss and take-profits.
- A classic ping pong bot or grid bot
- You can tell the bot which coins to trade
- At what price you want to buy
- At what price you want to sell
- Be able to decide whether to either buy or sell coins.
- You can tell the bot to buy 100 coins for 1000 USDT and sell those 100 coins at a higher USDT price.
- Change exchange
- Change exchange account
- Kill Switch
- Multiple Order Levels – Grid Bot Supported
- Perpetual – Future Markets Supported – Leverage
- Arbitrage – Single/Cross Exchange Auto Swaps
- Pump/Dump
- New Coin Listing
As the name signifies this strategy is involves the bot playing a game of ping-pong with the coin prices. After a minimum price to buy and an maximum price to sell are defined, the bot will continue to auto-trade as the price fluctuates.
Similarly, the Grid Bot allows you to repeat this patter but at multiple and different price levels you can define. This is otherwise known as market making, or range trading.
You can apply both concepts to perpetual/future markets and get aces to leverage.
Arbitrage Bot auto swaps the price differentiation between 2 separate coin pairs on the same exchange, or 2 separate exchanges and a set of coin pairs. Then buy/sells cross exchange/market-pair when your defined profit target occurs, after double checking if the price difference is greater than the fee costs.
The strategies and resources included in these packages are a base line to help you manage your portfolios automatically, with semi-automation and as little user adjustment over time as possible.
