Thus, the realised P&L does not fluctuate as it illustrates the performance of each closed trade. More experienced traders can construct their own unique strategies, and as a result, traders of all levels can actively engage in the always open crypto market and trade 24/7. If the rule has multiple executions, that market price is updated with new market conditions when the rule starts from the beginning. To avoid that, you can set the second action with “sell 100% of amount bought of that coin“. In this way, the rule with always trade the same amount across different actions and that will significantly reduce the risk of running out of coins.

This can be done with cryptocurrencies or traditional currencies. This can be done on traditional exchanges, or through automated trading platforms. A certain number of sell and buy orders are placed at regular intervals above and below the current price of the trading asset. ​In general, buy orders are placed below the current price, while sell orders are always placed above the current price. It would be very time-consuming if this strategy was operated manually, and this is where our rules come in handy. Once the position’s market price meets a predefined target, the rule will create new buy and sell orders around the executed price.

To enter into a trade on a significant price surge already in place is quite risky because the FOMO trap is always a great concern to take into account. On the other hand, in some situations, the trend that begins following that breakout is so strong that there is still sufficient opportunity to benefit from it. Cryptocurrencies can experience sudden and sharp uptrends, and the RSI is a useful tool to find them. The rule spots the coins on a strong trend as their price could increase even more.

The scanner is also customizable so that you can select which coins or tokens you want to keep track of, giving you full control over your investment decisions. Immediate BitXDR’s product design and user experience are second to none. The platform was designed with simplicity in mind, making it easy for novice traders to navigate their way around. It offers a range of features such as advanced indicators, Trailing Orders, Futures Trading, Demo Wallet and One on One Trading Sessions which give you unprecedented control over your trading decisions. Furthermore, Immediate BitXDR also offers a free plan so that users can get used to the platform before committing to a subscription. The market screener feature allows traders to set their own criteria and arbitrage bundles, which involve buying and selling multiple digital assets simultaneously.

It connects to any exchange and any token at your request and supports turnkey installation of the service into your own product. The performance of all your rules will be displayed along with the aggregate return of your portfolio. While no company can provide a 100% guarantee, it’s clear that https://immediatebitxdr.co/ takes a lot of precautions to ensure that your account is safe. Also, API keys themselves are encrypted with an advanced security protocol. Disabling withdrawal from account APIs adds one more layer of security to account data.

• Not only does it allow features and users to perform different actions freely, but it also reduces fragmentation and improves chain efficiency across multiple blockchains.
• It’s important to note that what’s excluded here is any trading fees on the exchange itself.
• One of the popular technical indicators is the Relative Strength Index (RSI).
• This is just one of the tutorials Immediate BitXDR offers to educate users.
• ​Trades are now executed in Isolated mode on Binance Futures which results in each trade’s margin being isolated and only enables this amount to be lost if your liquidation level is reached.

This definition is fit for traditional markets where the volatility is lower. For crypto, a 20% decline is seen as a slight dip and can be experienced over a few days without major amounts of cortisol entering your bloodstream. Typical bear markets see bitcoin retrace between 80-90% and altcoins up to 99% and usually last between 6 months and 2 years, depending on the macroeconomic environment. Of course, you can select any available coin in the condition, that will add even more versatility to your strategy. Instead of accumulating a coin across multiple orders, maybe you just want to wait for a breakout to happen. When the price attempts to surpass a certain level for a long time without success, it means that selling pressure is firm (and, from another perspective, buyers are not sufficiently convinced).

If you’re a newcomer who wants to get into the world of crypto bots and automated trading, Immediate BitXDR can be a great place to start. With so many templates available, new users should be able to use Immediate BitXDR to quickly create a few rules and start trading fast. Immediate BitXDR is best for day and swing traders looking to check out the automatic trading scene. The company has a solid customer support team that provides a pleasant user experience and offers insights on how to start with the trading platform.

The customer support team also has a live chat feature, and users can also reach them through social media. Unlike some trading platforms, there are no notable savings for a yearly subscription, although they are available. And after you’ve connected exchanges to your Immediate BitXDR account with API keys, you’ll be up and running.

Immediate BitXDR is an emerging, easy to use automated trading solution aiming to be the “Lego tool-box” for both technical and non-technical traders. This is due to the risk-reward of shorting being lower compared to longing. For example, the potential net gain from a short can only be 100% as an asset depreciates to 0. However, the potential net gain from longing can be much higher than 100%, especially in crypto.

When you select a specific timeframe, for example, within 1 hour, the rule checks the price changes according to the candlesticks provided by the exchange. You may want to use USDT as the quote currency of a rule, but you don’t own any coins yet. With a Direct order, you can buy the exact amount of USDT to run your strategy. Right after launching the order to the market (or simulated, if Demo Exchange is selected), you will find the new coins in your balance so that you can create a new rule. Did you wish you had invested in Bitcoin on exchanges at that time? Immediate BitXDR lets you jump into whatever opportunity, even while you sleep!

That means that you can buy Litecoin, for instance, with your BTC wallet on Binance, or with USDC on Coinbase Pro. On the other hand, if you only hold EOS and you want to buy Litecoin, you need to sell that coin to a wallet that will allow you to buy Litecoin. Overall, the profit calculation in https://sharemontinvestments.com/immediate-bitxdr/ is designed to portray the real value that Immediate BitXDR adds to one’s wallet while trading.