The world of trading sometimes can be scary. The knowledge can give you most of the credit but there are other factors that can be very important to be successful. The knowledge is no different; utilizing automated features to their full potential is the key to successful modern trading.
Reliable trading features and automation have become a key piece in any trading platform. It is important to know if the companies that control these automations offer a quality service that makes our trading actions easier and more successful.
Automated trading tools, also referred to as algorithmic trading tools, give users the ability to set instructions and conditions for trade entry and closure points. You can program a trading automation using certain market criteria, depending on the case, for example:
Essentially, you’re setting up automated instructions according to different strategies. It does not matter if you are a day trader or you use another trading strategy, automated/algorithmic trading tools can and will accommodate your needs.
It is obvious that these tools are essential when trading crypto. Due to their easy configuration and their great help when automating transactions based on the instructions that you set according to your trading strategy. Trading bots are the most common example of automated crypto trading tools.
It is well known that the crypto market can be more volatile than most markets, which means things can turn for the good or the bad very quickly. Executing trades at the exact millisecond that you want to is just where automated crypto trading tools come in very useful. They are very helpful in cases when the trader is busy and cannot attend crucial moments in the volatility of the market.
The life of a trader is anything but smooth sailing, and more often than not, emotions get involved. However, they can be detrimental to trading. This is another benefit that automated trading tools offer you. They only follow one cardinal rule: logic. They are programmed to execute exactly what you tell them to, incapable of being swayed by overwhelming emotion.
Naturally, these trading tools are provided by certain types of software, more specifically, algorithmic trading platforms. The ideal platform needs to be able to provide:
These kinds of tools are provided by different types of software that work in a very specific way. In other words, we can call them algorithmic trading platforms, and their function is to provide the following:
One of the examples that meets all this criteria is Solidifyre. Created by SolidusX, Solidifyre algorithm is a system for identifying trading opportunities on asset charts. Solidifyre combines the knowledge of more than a hundred technical indicators with machine-learning-based fundamental analysis. Some of its main automated include:
The different Algorithmic filters allow you to adapt to the trading strategy you want to use with the Algorithmic Buy / Sell Signals. SolidusX will help you optimize and use these filters depending on the trading strategy. Solidifyre also uses the four phases of the market cycle: Markup, Markdown, Accumulation and Distribution.
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