Buying-the-dips is an easy yet effective automated trading system that can supply amazing returns when the marketplace is trending up. Juszczyk thought a team that got the ball first in overtime won if they scored a touchdown, https://strangebrew.finance/immediate-bitxdr-review/ which was the rule instituted in 2010. Under the new rules, both teams have an opportunity to possess the ball in overtime regardless of what happens on the first possession, unless it ends in a defensive score.

Depending on the time frame you selected, the frequency of the update changes accordingly. Of course, if the condition is met during that period, the bot sends out the order to the market. If you select “from current live price” we use the market price at the moment of launching the rule. The bot uses that price to calculate the price that will trigger the order based on the percentage set. Let’s start by underlining that you can use some coins to trade directly other assets. For example, most of the coins on each exchange are traded vs Bitcoin or other stable coins.

Market orders prompt the trading bot to fulfill an order that’s already been posted on a particular exchange’s order book. These templates are also a more user-friendly way to get started quickly in cryptocurrency trading. The main goal of a scalping strategy is to open and close trades frequently, profiting from small gains and limiting the downside risk.

BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Customers also mention how effective the demo trading feature is and their success in implementing trading strategies via the platform. Many also mention how effective the platform is at lowering the barrier to entry.

These orders are filled immediately as soon as they reach the order book of the exchange. They also depend on the liquidity of the market and the size of the order. When it comes to crypto trading, Immediate BitXDR includes tools for more advanced investors as well. It is possible to connect cryptocurrency exchanges using only API keys that have no withdrawal rights.

By default, each trade has a size of 30% of the total capital allocation. That helps in providing a more reliable profit’s outcome, fitting your needs. You can increase or reduce it according to the amount you are going to trade.

With its advanced features, Immediate BitXDR stands out from the other automated trading platforms. It has an Any Coin Scanner, allowing you to spot trends and take advantage of them quickly, as well as Advanced Indicators for you to make better decisions about your trades. It also includes TradingView Integration – a feature that allows you to easily integrate your charts with TradingView – and a Demo Wallet, so that you can simulate trades without risking any real money. Furthermore, it offers a Free Plan, Trailing Orders, Futures Trading and One on One Trading Sessions, making it the go-to choice for anyone looking for an automated trading platform. All of these features make it easy to take control of your crypto trading journey with Immediate BitXDR’s user-friendly design and intuitive user experience.

• This illustrates that the most recent price has been lower than the price further in the past, meaning a downtrend has occurred.
• You can test the results on historical information, selecting the coin of your option, as well as changing the parameters to fit also better your requirements.
• The RSI must be above 70 in a time frame of 4-hours (i.e., looking at the 4-hr chart) to open the position.
• You can check this page to learn what it takes to create your perfect strategy.
• After setting up the best Quote Currency for your strategy, it’s now time to specify the size of the orders of your rule.

One way to try to set up a trend following strategy in this situation is to define a percentage price surge that you consider to be the accurate indicator of the start of a sustainable uptrend. One of the main rules any trader should follow is to have safety thresholds in place in case the market goes against you. Often, the decision to close a trade with a small loss can be a big advantage compared to keeping bags of coins with declining value in your portfolio. A feature of https://immediatebitxdr.org/ that we are particularly proud of is its versatility that allows many different types of investors and traders to use the platform. Here you will find some examples of rules that you can set up with Immediate BitXDR. There are different types of indicator and each of them has a specific purpose and utility.

All you have to define are the conditions at which you would like to buy. Immediate BitXDR will wait for those conditions to appear before executing your buy orders. Catch at any time the opportunity of buying the coins with the most powerful uptrend on the market. For example, if you select a time-frame of 1 day, that means that the bot will calculate the indicator using a daily price frequency. Using as an example, the Moving Average (50) with such a time-frame will correspond to the average price of the latest 50 days. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development.

The technical Indicators are only available on selected exchanges, more are added regularly. At times, there is a lack of liquidity in the market, this can lead to slight differences in the price that is executed. For more information on this topic please read the following article.