Keep in mind that exchange fees are not excluded from the grid step, which means that the smaller the step you set, the less net profit you will have. You can optimize your step automatically after conducting a backtest. When the price reaches and crosses the upper limit, the bot executes the last sell order and stops trading. However, the bot remains active and will resume trading if the price returns to the trading range.
This option will take your Profit at 10 percent of the highest point of the trend. So, if in the previous example, after hitting $10,500, Bitcoin price keeps climbing, the position won’t be liquidated until the trend reverses. As an example, a buy order for BTC at $10,000 is placed by the bot. The stop loss is programed at 10 percent below the initial price. If BTC’s price drops to $9,000, the bot automatically initiates a sell order.
In fact – and as we will discuss in more detail further down, the capabilities of your custom trading bot can go far and beyond just market orders. On the contrary, the underlying technology supports short sells, stop loss and take profit orders, trailing orders, composite bots, and more. Immediate BitXDR’ chosen pricing model is advantageous compared to most other automated trading platforms that charge commissions on executed trades. With any package, users get access to features such as portfolio dashboard, TradingView integration, access to mobile apps, and all the 18+ supported exchanges. In our school, you can take a course and grow from a beginner to an advanced trader and learn about all the characteristics and tips and tricks of the market. Including many more useful things that are essential for any trader to learn.
- The Immediate BitXDR grid trading uses either an AI strategy or can be set up manually by the user.
- Learn the similarities and differences between BingX and the Binance crypto exchange in our in-depth comparison guide.
- This platform works with most major cryptocurrency exchanges and includes features such as dollar-cost averaging bots, portfolios, and more.
- Alternatively, you can sign in using your Facebook or Apple ID if you used these credentials to set up your Immediate BitXDR account.
- You can also create a trailing buy or sell, which repeatedly purchases or sells a currency pair once the price condition is triggered.
Bots also are 100% less emotional than traders, which implies no emotional trading whatsoever. When it comes to how much can a trading bot make, the potential earnings depend on various factors such as market conditions, trading strategy, and risk management employed by the bot. Immediate BitXDR.io is a non-custodial trade automation platform in crypto launched in 2017 by Yuriy Sorokin, Egor Razumovsky, and Mikhail Goryunov.
The portfolio is beneficial so traders can monitor their investments and keep track of their transactions. Immediate BitXDR is a powerful chatbot platform that allows businesses to automate customer support. This Immediate BitXDR review aims to cover the basics of pricing, supported exchanges, and 3 Commas trading bots. By learning about these basics, you’ll be able to get started on setting up your first chatbot quickly and easily.
Alternatively, Immediate BitXDR also offers a free trial, where you get to test out the paid-for plans without providing any payment details. So now that we’ve covered the ins and outs of what you can do at the Immediate BitXDR platform, in the next section of our review we are going to unravel the four pricing plans. Although the smart sell feature available via the SmartTrade hub might appear somewhat complex at first, it can act as a highly valuable tool once you’ve got your head around it.
You can use the bot for free, enjoying scalable trading solutions for benefits. These bots are designed to assist traders in executing strategies automatically based on their preferences and market conditions. This means you invest in a pre-determined cryptocurrency portfolio and let Stoic handle all the purchasing and selling of linked assets https://immediatebitxdr.com/ for maximum profit. The platform employs a long-index approach for the coin in question and rebalances them daily. However, if you're considering automating your trading, you might want to go for the best bots. We'll review each of these bots based on ease of customization, customer support & services, pricing, security, and reliability.
As we wrap up, let's recap some of the key takeaways and reflect on the significance of paper trading in the realm of cryptocurrency. https://fullsendtoken.net/immediate-bitxdr-crypto-bot/ offers a feature rich trading terminal + offers various trading strategies that works in different market conditions. It also offers a working mobile app which one can use to open a smart trade or even start an automated bot trading strategy. The trading bots are connected with the exchange’s accounts via API and then proceed to carry out automated trades on the linked exchanges.
You will also understand at a glance, by looking at this diary, the profit or loss you have incurred on a particular trade in a particular duration. Similarly, when stop-loss has to be activated, it will constantly look out to check if the conditions set by you actually match at that time. Now that you know about these features, it makes sense in introducing you to its interface and also throw some light on each of these features.
Otherwise, you will have two separate independent accounts, please keep this in mind. You can merge the accounts ONLY if the system will match the email addresses. The developer, Immediate BitXDR Technologies OU, indicated that the app’s privacy practices may include handling of data as described below. Continuing on with the same example, let’s say that Bitcoin increases in value by 20% and thus, it is now priced at $12,000 against USDT. While your stop loss was previously set at $9,000 (10% of $10,000), it will now stand at $10,800.
Would use it for all trading accounts management if it would work with classic brokers like IB. They're always innovating and coming up with different features for their bots. Whenever I have questions, they're always kind, professional, and friendly.