Robo Trading On Delta Exchange — Put Your Money On Autopilot
As Bitcoin trading becomes a more popular means to generate returns, new technologies that make the process much more efficient and effective arise. Robo trading is an example of such technology that has developed in popularity in recent years. It allows traders to keep on top of industry trends and make sound trading decisions with far less work.
When you trade cryptocurrencies, you are speculating on whether the value of your selected asset (or market) will grow or decline. As a buyer, in essence, you are acquiring the asset with the belief that its value will rise over time. And when you trade on the price of a cryptocurrency, you take advantage of both rising and falling markets. At the same time, cryptocurrency values fluctuate rapidly, making it challenging to profit from price drops or surges by purchasing or selling at the right moment. This volatility is part of what makes this market so fascinating.
Because there is no centralized market authority, the Bitcoin market is not obligated to conform to regulations on working hours. It’s also global. Not surprisingly then, the market is open for trading 24 hours a day, seven days a week. It can be tiring for humans to continually scan the charts and make split-second decisions 24 hours a day as crypto traders stay active globally, constantly altering trends in one direction or the other. And there are instances when investors cannot respond quickly enough to price swings to execute the optimal trade since it would necessitate round-the-clock monitoring of cryptocurrency exchanges across the world. This is where cryptocurrency robo trading enters the picture.
What is robo trading?
Robo trading runs functions based on predefined parameters to make trades on an exchange using an exchange’s API, making it safer, more effective, faster, and easier to use and giving the user the chance to generate daily gains. This enables you to acquire, sell, or hold assets quickly, efficiently, and automated.
It allows you to make your money work for you without dealing with the volatility of the cryptocurrency market. No prior trading abilities or cryptocurrency expertise are necessary to trade successfully on such systems. Furthermore, trading bots allow you to reduce the amount of time you spend monitoring the market because the bot’s algorithm does it for you.
How does it work?
Robo trading employs algorithms to purchase and sell your Bitcoins at predetermined intervals. Trades may be conducted based on asset price, technical indications, or the proportion of value in your portfolio, depending on the robo trading method you employ. It can collect market data, evaluate it, assess possible market risk, and conduct asset buying and selling.
Robo Trading with Delta Exchange
Delta Exchange provides you with a variety of trading options to choose from based on the profits they provide. You may begin by depositing Bitcoin (BTC) or Tether (USDT) into the robo trading strategy of your choice. You can easily select the finest robo trading techniques for yourself by comparing them on the dashboard. Delta’s Robo Trading is a promising platform that has opted not to impose any fees on the Delta team’s managed strategies, unlike other automated bots.
Delta Exchange’s platform is, simply put, a haven for traders of all kinds. You can pick from a range of strategies that match your needs. To give you a sense of what that is like, here are some of the techniques available on Delta:
Large Cap AMM
The AMM (automated market maker) approach seeks to provide bids and offers to the order books on Delta Exchange’s BTCUSDT and ETHUSDT contracts. Contributions to the strategy may only be made in USDT. It generates bids and offers based on orderbook and pricing information. Furthermore, it uses current inventory and market conditions to minimize exposure and change open orders in the orderbook.
Cash Future Arbitrage
The Cash Future Arbitrage method seeks to capture a BTC and ETH futures premium over their spot market prices. It can also earn funding by trading on perpetual and spot pairs in a neutral market setup. When trading futures, the approach waits for futures and spot prices to converge at the expiration of the futures contract. It has a maximum gross leverage of 3x.
Large Cap AMM (DETO)
Over the fair price, traders seeking liquidity are prepared to pay dynamic premiums, which this method aims to capture. It generates bids and offers using orderbook and price information. This information is used to restrict exposure and alter open orders in orderbook.
Top 20 Momentum
Cryptocurrency Top 20 Momentum strategy trades top cryptos based on market cap. Maximizing lucrative trade holding periods and minimizing loss-making trade holding periods are part of the strategy’s goal of boosting performance while decreasing drawdown.
As per market cap, the Defi momentum strategy trades top-performing DeFi assets, price momentum is used to determine whether to take long or short directional bets. A dynamic and moving market is expected to favor it.
DETO Staking Pool
‘DETO APY’ is the staking yield when you subscribe to this strategy. You earn a daily DETO APY that is predetermined. This strategy’s net asset value (NAV) will stay at 1. So you will be able to withdraw the same amount of DETO as you deposited, and the yield you receive as a result of your investment will be automatically sent to your Delta Wallet account.
Top 20 Momentum (DETO)
To take long or short positions, the technique leverages short-term price momentum. Using tight stop loss settings, the maximum gross leverage for the approach is 2x. However, even though subscribers may only add or remove DETO, the strategy itself trades USDT margin futures and perpetual contracts to make its profits.
So, when should one use robo trading?
If you are new to the crypto world and find the research process exhausting due to the nature of crypto trading games, robo trading makes it much easier to make better trading selections. This reduces the entry hurdle for newcomers.
Another advantage of robo trading is its consistency. Bots are much more constant than humans since they can run continuously and execute orders based on specific signals.
Moreover, unlike human traders, a bot will depend only on indicators and configurations. It will not trade with emotion, eliminating greed, FOMO (fear of missing out) during pumps, and panic selling during FUD. This can help to cut down on losses. At the same time, a human trader can only focus on a certain number of trades per day. Still, a bot can potentially perform countless trades every day, limited only by trading opportunities.
Rbo trading is a great alternative if you don’t have the time or don’t want to buy and hold cryptocurrencies. Because the tool watches the market and executes trades for you, using robo trading saves you considerable amounts of times. There are several robo trading platforms available, each with its unique set of features and trading strategies, as we’ve just explored with Delta. Speaking of Delta, here’s how you can sign up for robo trading on the exchange.
Getting started with a Delta Exchange trading technique.
- Create an account on Delta
- Deposit USDT into your Delta account
- Visit Robo Trading Strategies on Delta Exchange
- Select the finest robo trading technique for you by researching all of the accessible alternatives.
- Subscribe to the strategy by clicking the Subscribe button and transferring money to it.
Enjoy your gains!
Again, using robo trading does not ensure that you will outperform the market in terms of profits or losses. Due to the volatility and unpredictability of cryptocurrency, trading based on technical indicators is not always successful. A thorough understanding of the digital currency markets and a solid investment plan are essential for effective robo trading.
Disclaimer: This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. The Capital is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.
Originally published https://bitcoinik.com/robo-trading-on-delta-exchange-put-your-money-on-autopilot/
Robo Trading On Delta Exchange — Put Your Money On Autopilot was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.
#Bitcoin #Crypto #Cryptocurrency