Bitsgap is here to give you a much smoother trading experience. Not only is the platform user-friendly, but it also allows you to bring all your crypto-exchange accounts under one roof and trade from an integrated interface. AI trading has contributed greatly to Bitsgap's growth in popularity.
Bitsgap has integrated more than 25 of the best crypto-exchanges including Bitfiniex, Kraken, Poloniex, Coinbase Pro, and Binance.
It is really easy to get started on this one-stop trading platform, you can either connect through your Google/Facebook accounts or sign up the platform in a few simple steps that won’t take more than two minutes.
Not to mention their 14-day free trial where the new trader gets to enjoy several amazing features, free of charge. The best part is that all features can be tested in a demonstration mode which is accessible regardless of your subscription.
What is Automated Trading?
Crypto is a fairly new concept that has captured the attention of many in very little time. There are over 200 cryptocurrencies including Bitcoin, Tezos, Bitcoin Cash, Dash Coin, Litecoin, Ethereum, and TRON just to mention a few.
Manual trading can be quite confusing especially for new traders; you need to constantly watch the market, make snap decisions, execute orders very fast, and create multiple strategies that will work in parallel, all at the same time.
The most significant disadvantage of manual trading over automation is the traders' bias. Most traders tend to sell winning portions too early and then hold onto losing trades for too long. Automation is the optimal solution for such traders because bots are emotionless and they consistently generate profits despite the ongoing market trend. It is due to its overwhelming nature that most people prefer automated trading.
Automated trading entails the utilization of a computer program to create buy and sell orders which the computer then automatically submits to a market or exchange. The orders are based on a predefined set of rules derived from technical analysis, advanced statistical and mathematical computations, or input from other electric sources.
Automated Trading with Bitsgap
Even though Automated trading is much simpler than manual trading, it still has its challenges. You need to know how to operate the trading bot. And of course, you require some knowledge of the market. You, therefore, need to identify a platform that will give you the best possible trading experience.
Bitsgap is one of the few crypto-trading platforms that readily provides the whole set of portfolio management and trading instruments you could ever need. It is best known for its series of unique and automated trading bots which are helping thousands of traders to maximize their daily Crypto returns. Your level of skill and experience does not matter, it suits both experienced and amateur traders.
Bitsgap leverages the power of A. I conduct profitable trades at a high-frequency rate; thus helping the trader save a lot of time. Not to mention the trading services are available 24/7 thus is very convenient.
As you probably already know, the crypto market is highly volatile. For that reason, it is quite difficult to make profits. However, the Bitsgap team has countered this problem by developing two different trading bots (robots) centered around the GRID algorithm. This configuration is simple but efficient enough to sustain a Buy and Hold strategy even during periods of stagnation.
So effective is Bitsgap's automation that it can lead to a multiple return on a sideways market. This is possible because an active bot keeps buying low and selling high amid market fluctuations that trigger the limit orders placed by the bot. take the graph below, for example, it is HODL and Bitsgap's automation for SYS/BTC pair in a sideways market; when a simple HODL strategy would bring a 1.65% return only, Bitsgap’s automation tripled the return to 4.85%.
The user is free to customize different risk management options and exit strategies including Trailing up take-profit and Stop-Loss. By so doing, the user remains in full control of their trading arrangements even when offline.
The Grid spacing is manually adjustable; the user can either set a narrow grid-space for high-frequency trades or wide grid space for increased returns. Also, automation helps minimize losses significantly by offsetting a negative value change in a falling market using the bot’s generated profits. The graph below is an ERD/USDT chart that compares automation and HODL strategy.