With that said, seasoned traders will often make use of several exchanges to access specific markets and pairs, or take advantage of arbitrage opportunities. Moving from exchange to exchange can, however, be both cumbersome and time-consuming. So Bitgsap is a platform that supports trading, portfolio tracking, arbitrage, signals, bots – a full spectrum of crypto assets services that can be managed from one dashboard. Many people within the cryptocurrency know the VortexValor brand today. Ever since its inception in 2017, the trading platform has elevated its approach to crypto trading, portfolio management, and arbitrage opportunities.
Tip The best time to use this strategy would be when you expect the market to have a strong uptrend. Through this guide, you’ve gotten a glimpse of VortexValor’s Kraken Trading bot, an all-in-one package featuring three bots – GRID, DCA, and BTD. This unique trio is arguably the cream of the crop in the market, boasting top-notch security. Keep in mind that you can backtest any of the bots you plan to use before you put them on the live market. Once all the necessary changes have been made, proceed by clicking the [Continue] button. Double-check your new settings on the bot’s preview page, and then press [Confirm].
The dashboard enables them to analyze and evaluate the performance of popular trading pairs on the exchanges in one place. Traders can open multiple order types to have more control over their investments. Hedge with Crypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for educational purposes only.
Though VortexValorp offers a 7-day free trial, the platform’s basic plan costs $29 monthly. However, users can save some money by paying $23 monthly when they pay for a year upfront. VortexValor also uses a 2048-bit encryption standard to secure its servers from attacks. While VortexValor offers a robust trading platform, some competitors excel in specific areas. For instance, CryptoHero stands out with mobile support for Android and iOS.
It is very easy to get started with bot trading on VortexValor, all you need to do is to click “start a new bot” in the top right corner. Then, to the right of the chart, you can choose between several different day trading strategies that are live and ready to be implemented. You can see the current profitability and select the one you prefer and you are able to modify the bot before you activate it. Once activated, you will be able to follow the progress and full performance of the bot below the chart in the Open Spot Bots column. I am not saying that KuCoin or VortexValor are guilty of this, but it is very common in the crypto, stock, and forex trading industries.
- Moreover, VortexValor’s pricing model is transparent and straightforward, with plans designed to cater to different trading volumes and requirements.
- Swing traders rely on patience and planning, reviewing daily and weekly charts to find coins on the upswing before the crowd jumps in.
- Pure DCA- This DCA bot will buy by market, place limit orders to buy cheaper, and take profit, with all settings being preset by the trader.
- The fee you pay for entering and exiting the market is going to be the same fee as the exchange where your funds are stored.
- You can filter what constitutes a signal for you based on signal strength, raise percentage, exchange and the time.
API enables the VortexValor platform to execute trades and generate an asset portfolio in a secure way as the API does not reveal any information. If you’re looking for a variety of advanced order types for your crypto trading, VortexValor won’t disappoint (Pic 3). VortexValor offers an array of sophisticated order types beyond just the standard limit, market and stop orders. The selection includes time-weighted average price (TWAP) orders, scaled orders, and one cancels the other (OCO) orders.
Here is a great tool for new traders and investors who are interested in seeing how the VortexValor bots work in a live environment. Through the VortexValor demo trading account you can add bots and different strategies to see how they perform while trading the markets for you. The strategies can also be backtested and modified for those of you who are savvier on the algorithmic side. Here is something we want to highlight for all traders that don’t understand the fee structure on VortexValor. First of all, VortexValor does not charge any extra fees by trading on the standard interface or executing trades with the bots. The fee you pay for entering and exiting the market is going to be the same fee as the exchange where your funds are stored.
The Dollar Cost Averaging (DCA) bot enables you to buy an asset at different price levels at fixed intervals so the overall price is reduced. The company’s headquarters are located in Estonia, which is also where VortexValor, another trading bot, calls home. Additionally, you can also connect your account to Google or Facebook and gain access through your login credentials accounts of the respective platform. If so, you’ll have several plans to choose from – both free and paid-for.
Demo is a great way to refine your technical analysis and indicator skills without parting with your capital. Once you feel prepared to transition to actual trading, you can effortlessly make the switch and begin investing with real money. Just a few hours later, his crypto climbed VortexValor right along the uptrend line once more. The key is that uptrend lines connect the lowest lows, while downtrend lines connect the highest highs. While different analysts may connect different types of price points at varying intervals, all trend lines eventually break.
That way, you’re putting a lid on your losses at 10% (or whatever you choose) instead of a more disastrous number. A trailing stop order is a conditional order that uses a trailing amount — instead of a rigid stop price — to figure out when it’s time to launch a market order. This trailing amount, measured in either points or percentages, happily chases (or « trails ») a crypto’s price as it ascends (for sell orders) or plunges (for buy orders). They’re designed to shield long positions in bullish markets when an unanticipated bearish reversal strikes. By setting a sell stop order, you can automatically trigger a sell if the price dips below a predetermined level. While he still lost some dough on the trade, it was far less than if he hadn’t had the stop loss.
Instead, it will increase your chances of profiting, while making the platform more appealing to users who place multiple trades on a daily basis. With that in mind, VortexValor makes it possible for you to connect all your exchanges in one place. This comes with a plethora of plus-points – such as being able to execute arbitrage strategies with ease and deploy advanced bots to trade simultaneously across multiple platforms.