Crypto trading bots is a
trendy topic for millions of cryptocurrency traders around the world. After
dipping your toes into the market for the first time, you will surely come
across references to trading bots.
What
is a Trading Bot?
A cryptocurrency trading bot is a software program which automatically trades on exchanges. The process is managed through computers, which offers a level of speed and precision that isn’t possible with humans. The strategies these bots implement are capable of doing anything from trading to construct custom indexing strategies to advanced real-time arbitrage across exchanges.
How Does Trading Bots Work?
Cryptocurrency trading bots work by accessing data on the exchange for a user. Each user is able to provide access to their account to the trading bot by giving the bot their API public key and API private key. APIs are a way for applications or services outside the exchange to access the data or features inside the exchange. Through these APIs, trading bots can request the latest market data, place a trade for a user, or collect information on the amount of funds in a users account.
Why Use Trading Bots For Trades
Bots are faster at
collecting data, more precise when placing orders, and can crunch numbers
faster than any human.
1.
Repetitive Tasks
Repetitive tasks can be a daunting one. Doing the same thing over and over again just means you’re consuming more of your time with the task than necessary. Bots don’t have a problem with the mundane repetition. In fact, that’s one of the reasons software engineers will automate a task, in this case rebalancing. Create the bot once and automate your portfolio forever. No more repetitive tasks!
2. Precision
Trading is a game of precision. New traders may not mind the imprecision of moving into and out of positions on a whim, but as we gain experience, many traders begin to grasp the necessity for being precise. Executing a precise strategy is simple for bots. The bot can easily monitor the market for this condition and execute the trade when the time is exactly right.
3.
Saves time
We don’t have time to be at the computer every waking moment ensuring our portfolio is on track. Trading bots aren’t humans. Since they run on computers - calculations happen in an instant, trades process in the blink of an eye, and they never get tired. Just configure a few things in a trading bot and let the trading bot implement the strategy for you.
4.
24/7 Markets
The cryptocurrency market never sleeps. Exchanges don’t close down at night. Even when one exchange goes down for maintenance or updates, there are still hundreds online still opened. This 24/7 market makes it impossible for you to always monitor your portfolio. And we all know assets have an affinity for dumping as soon as we look away. With the help of a trading bot, you don't need to feel this way.
5. Trading is Complex
Some strategies would be
physically impossible to implement for a human due to its complexity. Complex
strategies need to be automated using trading bots. Without these bots, the
strategy wouldn’t be possible. The point here is to use trading bots to
implement trading strategies that are too complex to execute manually.
The
Best Trading Bot in The Market
Quality trading bots can save you money by offering improvements over a manually implemented strategy. Jubilee Ace Exchange has a modern bot AQUA, based on a Python AI script.
A.Q.U.A
(ACE QUANTUM UNIVERSAL ARBITRAGE)
This bot runs 24/7 to
collect price data from the crypto exchange of each triangular pairs. The data
collected is then run through the AI for analysis and then a risk-arbitrage
factor is given to the analysis. The bot automatically places trades using
trade APIs within split seconds. This process will continue to repeat itself on
other triangular pairs.
Unique Features of AQUA
There are countless features which set AQUA apart from other trading bots. These include:
1. Multiple Exchange Dependency
2. Automated Trade
Execution
3. AI Data Analysis
4. High Concurrency
5. 99% Success Rates
6. Applications to other
forms of trading
Jubilee Ace is a platform for you to plough through the markets for profits with the help of AQUA. Arbitraging is made simple through our strategy. We provide our clients the ultimate solution to trading with maximized profits and minimal risk. Visit our website and sign up today to enjoy the full benefits of trading cryptocurrency.
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