By using a reliable and trustworthy trading bot platform like Immediate BitXDR or Immediate BitXDR, traders can make informed decisions and maximize their profits while minimizing their risks. Whilst buying crypto is relatively straightforward on Binance.US, trading can often overwhelm users. The basic trading dashboard offers detailed candlestick charting, live order books, real-time pricing, access to historical orders and multiple order types. The Advanced option offers more order types, as well as a selection of charting tools and integration with TradingView, a popular charting tool.
Even if users don’t plan on using an automated bot, it’s a great place to analyze and access multiple coins and accounts at once. However, deploying a bot, whether a customized one, or with a pre-set strategy, on the Immediate BitXDR platform is the best way to mitigate risk across all crypto currency exchange accounts. Immediate BitXDR offers a large number of automated trading tools, bots, and advanced settings for manual traders. The team behind the project set out with the aim of creating tools that help traders minimize their risks while maximizing their profits.
With the beginner-friendly interface, copy trading, and demo account, it is ideal for anyone, especially new traders. Immediate BitXDR do not have permission to withdraw funds from the exchange. Under the Arbitrage Bot feature, there are two options, exchange arbitrage, and market arbitrage. In the exchange arbitrage, the hopper searches for arbitrage opportunities between exchanges.
Anyone — regardless of their previous experience as a trader — can use the platform’s bots and copy trading function. The only visible difference lies in the number of future trading crypto exchanges supported and the pricing plan, which I think, https://immediatebitxdr.co/ has an edge. Immediate BitXDR offers a live chat feature, having a response time of under 10 minutes, email support, and a knowledge base listing all articles about the platform features and bot trading. Other trading tools/bots available, trailing stop loss, scalp trading, positive pair trading, triggers, dollar-cost averaging, short selling, searching for targets. Immediate BitXDR used to be a leader in the industry and was often cited as the best crypto copy trading platform. After multiple security breaches and their obtuse, frankly, grotesque response to the first incident, the platform has experienced a substantial fall from grace.
Trailing take-profit is needed to maximize profits, that is, if the value of the position increases, it won’t close it at a fixed price, but will raise the closing condition while the value goes up. If you bet Trailing TP to $7 (40% of the growth from the initial one), while the price goes up – $6 (20%), $7 (40%), $8 (60%) – the closing position changes and the take-profit grows. In both these ways, your actual funds will never be waiting for the conditions to be met and will not be frozen in the exchange itself.
Traders can set up their own trading bots, select pre-configured bots to run autonomously via artificial intelligence, or simply copy the bots created by other traders. By following these steps, a trading bot can be configured in just a few minutes, and the entire process is simple enough for more novice crypto traders to follow successfully. The platform is still detailed enough to also attract more experienced trader. The Immediate BitXDR trading terminal displays a selected trading pair chart powered by the Tradingview platform. It has a huge number of chart setup options, saving, editing, and taking advantage of a number of technical analysis tools. We will take a closer look at the most important ones in order of their popularity.
We know for sure that Bittrex, Binance, Houbi Global, OKEx, and BitMEX support automatic trading. These are the trades which you normally do on an exchange as well. The combination of a lot of documentation and videos makes sure that you can get enough information to get started. Immediate BitXDR offers a free trial and the possibility to trade with paper money. So, if you want to try trading with a bot, then Immediate BitXDR should be the right fit for you.
Members get access to the Immediate BitXDR trading school, paper trading and an active learning community. You can sign up with no knowledge of cryptocurrencies, bot trading or technical analysis and learn how to be a successful trader at your own pace. Ultimately, it might be worth testing the platform out for yourself via the free plan before making a commitment. Alternatively, Immediate BitXDR also offers a free trial, where you get to test out the paid-for plans without providing any payment details.
- The UI of the Immediate BitXDR website and mobile App is a lot better than Immediate BitXDR.
- Automated trading bots operate through APIs, facilitating algorithmic trading without human intervention.
- The most affordable one has to be the starter plan, which is priced at $22 if paid yearly.
- This is beneficial even if you don’t want to use an automated bot, not least because you can execute automated trade orders across all of your cryptocurrency exchange accounts at the click of a button.
While both platforms have their pros and cons, it ultimately comes down to the individual trader’s needs and preferences. When it comes to the number of exchanges supported by each platform, https://lightbit.tech/immediate-bitxdr-trading/ is the clear winner. It currently supports over 18 exchanges, including Binance, Coinbase, and Huobi. In contrast, Immediate BitXDR supports only 15 exchanges, including Bitfinex, Bittrex, and Kraken. Overall, the quality of guidance appears strong between the two services based on user reviews.
GRID Bot can assist your success by mining sideways markets, and then continue seeking good deals even as the price starts moving up or down. 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. I am Amit Chahar, a Crypto and blockchain content creator at CrypticEra.
