What is TradeSanta, exactly? TradeSanta is a cloud-based platform that automates your cryptocurrency trading strategy and makes cryptocurrency trading accessible to everyone.
What is the mechanism behind TradeSanta?
Depending on the criteria provided, your trading bot will open a trade either instantly or after receiving a signal from technical indicators.
The crypto bot purchases the quantity of base currency specified by the user in the settings for the initial order. The automatic trading bot places the Take Profit order as well as multiple Extra orders once the main order is executed and the trade is open. The take profit order makes a profit at the percentage level specified by the user. When the price of bitcoin moves in the opposite direction of the specified strategy, one additional order is executed and a new extra order is issued automatically. Each time this happens, the take profit level is likewise lowered. Extra orders are used to take advantage of price fluctuations and adapt trading strategies to market conditions.
Features of TradeSanta
DCA and Grid
Choose the approach that best suits your trading style and the current market, and the bot will handle the rest, whether you choose to take profit on each buy separately (Grid) or average the price across all orders (Average) (DCA)
Extra orders allow you to benefit even if market swings do not favor your original approach. If the price moves in the opposite direction of your expectations, the Santa trading bot will place an additional order to purchase (or sell) more coins at the current price, allowing you to reach your intended take profit with a smaller price change in the future.
Long-term and short-term strategies
TradeSanta allows you to deploy automatic trading bots with both short and long strategies at the same time. Whichever way the price moves, TradeSanta's bitcoin bots will be there to cover it.
The technical indicators used by TradeSanta ensure that the crypto trading bot enters the market at the best possible time. Users of TradeSanta can pick between the RSI, MACD, and Bollinger signal filters, or combine all three.
Set up a Stop Loss to exit the position if the trade does not go according to plan.
Customer Support is available 24 hours a day, 7 days
Trading cryptocurrencies might be perplexing at times. The Tradesanta staff is available 24 hours a day, 7 days a week to answer your inquiries and solve your difficulties. You can reach out to the team at any time by email at [email protected] or Telegram at https://t.me/joinchat/UXVKxRWC-f_hSDOS
With the Santa cryptocurrency trading bot for Binance, Bittrex, Bitfinex, Upbit, Huobi, and HitBTC, automating crypto trading is a breeze. You must first set up an access point before configuring bot parameters. You select a trading pair, cryptocurrency bot strategy (long or short), take profit threshold, and other parameters. The Wizard will walk you through the entire procedure, and TradeSanta Bot templates will make it easy for you to get started with automated crypto trading.
You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.