It is evident that cryptocurrencies are going to affect our future considerably. Many people perceive it as a method to earn some funds but their role is much bigger. Though it is not just a way to generate additional income, why not use this splendid opportunity? It is done easily with special trading tools. One of them is Poloniex trading bot. It is good when the person lacks time or skills to analyze the charts found at almost any exchange. This is the software, which processes the trading data and executes trades. In other words, the trade is autoexecuted.
Pros and cons of automation in exchange transactions
People are emotional and emotions are often in the way of reasonable decisions. Introducing automation into business, you remove emotional aspect and rely on calculations only. With time the individual acquires experience and customizes the trading strategy to get the most of it. With bots person gets more control over the situation as the script follows the trades round the clock. The approach to the activity becomes entirely different. It becomes rational and structured.
Automated systems have flaws as well. There can be mechanical failures, connectivity issues, computer crash, loss of power etc. as there are always discrepancies between the theory and real state of affairs.
Poloniex trading bot is associated with comfort. It really makes your life easier. Besides, it protects your finances and helps to earn more money.
Is free trading bot available?
There are a lot of trading bots on GitHub developed for such well-known services as Poloniex. Users share their experience on different resources such as Reddit, urging others to download the version that suited them well. Developed on PHP, Python or other software, Poloniex trade bot is an open source project distributed for free. Any developer is able to contribute to it and improve the product. As a result, users get automated script, which alleviates work. The robot performs a range of different functions and the goal is clear from its name. Using Poloniex margin trading bot you have a chance to obtain the biggest value out of margin.
Best software solution
There are a lot of versions of Poloniex auto trading bot. One of the best ones works in the cloud round-the-clock. Even the busiest person can’t be vigilant all the time and follow all the events of the market. It is an excellent remedy that removes tension and stress. Auto trader mechanism working from the cloud is always on even when you shut down your computer, or purchase and configure VPS. The trader will always have access to control panel via browser – this is very convenient.
Reading Poloniex trading bot reviews, you can notice that people value comfort first of all. It is updated when necessary and you have the most advanced version of the program. The settings of the bot are often predefined in advance. It means the customer starts earning money immediately after installation. It is easy to figure out how the program functions using it simultaneously. The bot exposes the set of orders, which begin from the last transaction price. The orders are executed one by one.
Poloniex trading robot is able to work in both directions using so called Long and Short algorithms. Long algorithms are used when the customer buys the commodity at cheap price and then sells it at higher price. Short algorithm is involved when the client sells commodity at more expensive price and then purchases it at cheaper prices. In both case the person gets profit in the second part of the deal.
The bot supports a range of exchanges including Huobi exchange, Bitstampand some others. The list of exchanges supported by the software is constantly growing. We do not know if Kucoin, ZaifandBithumb are also on the list but there can be different software solutions for these resources as well.
Trading with Poloniex trading bot ❺❺❺ -
average rating 5 from 5
(based on 84 user reviews)