This account could be yours! Do I need a brokerage account? When you sign up for our BTC Robot 2.
Is it easy to install your BTC Robot 2. And for any other broker, we also provide an easy-to-run installer for BTC Robot 2.
Which operating systems does the robot support? Do I have to fund my live account with Bitcoins only? Most MT4 brokers offer various payment methods, the details of which can be found on their individual websites.
The smart way to trade cryptocurrencies
If the robot wins money, who loses it? Does the Bitcoin exchange lose money if I win and eventually ban my trading? No, the Bitcoin exchange market does not lose any money due to your profitable trading. In fact, it is gaining a lot of money because they charge a small commission on every trade. The losers are other human traders that do not use automated trading approaches and trade manually or just pay too much when buying Bitcoin!
It’s harsh but money is not produced from thin air. It comes from losers that don’t have advanced tools like our Bitcoin robot and keep trying their luck with old outdated manual systems. How much money do I need to start? This is the main advantage of Bitcoin trading, the entry limit is very low. Can I lose the deposit? You are trading only with your own funds while employing large leverages from MT4 brokers, meaning the risk of losing all your money is small to non-existent, as long as you use reasonable lot sizes and do not overtrade your account.
Obviously, our robot is not a crystal ball and you will have some losing as well as winning trades. The goal is to make a solid NET profit monthly. The situation — while still needing improvement — is at least a little better now. Opportunities for inter-exchange arbitrage still exist, but he recommends using technical analysis bots.
Want to add to the discussion?
But trading isn’t necessarily based on technical analysis alone. It’s difficult to program a computer to react to fundamental market conditions such as, say, rumours about the Chinese government taking a new stance on bitcoin, or the latest bitcoin-based black market trading site shutting down.
Many bots will use an exponential moving average EMA as a starting point. These averages track market prices over a set time span, and bots can be programmed to react to what that price does — such as moving beyond certain thresholds. And this is the part that can be improved,” said Stephan de Haas, founder of the Haas Online trading bot company, adding.
Those have the ability to respond faster then the EMA and their calculation is EMA-related, so it looks the same while it gives off better momentum.
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You’re still going to have to come up with your own set of trading rules, if you’re going to tell a bot how to make decisions.