Trading bots are extremely accessible programs connecting to the cryptocurrency exchange of the user. In short, it make trades on the user’s behalf. They work with the help of a set of signals and indicators like indices and moving averages.
How great they are vary on how they are programmed and how appropriate their programming is to present market conditions. You will find various types of bots to fit various individual needs and market conditions. In fact, various types of bots are referred to as different strategies.
Auto mode: – When the platform is set up on auto mode, the bot is authorized to execute the trade on automated mode. It analyzes the historical data, uses the live feeds, consider the current prices across different global exchanges and accordingly execute the trade using Artificial intelligence for maximized profits for the user. Setting up the platform on automated mode ensures that user never loses out on an opportunity that is there to make profit by trading cryptocurrencies.
Manual mode: – Bittrex Bot trading platform is an ideal one for traditional traders too. Traders who prefer to be right there in mix can set up the platform on manual mode and execute trade themselves. Bittrex bot on its part, does deploy its data analyzing and studies live feeds along with different global exchanges to send out constant tips and notifications to the user so that even the traditional traders make maximum profit while trading in the way they prefer to.