Have you ever used trading bots? A very useful tool if you are an avid trader. A crypto trading bot is a computer program that automatically trades cryptocurrencies in a manner that has been predetermined by the user. They can be programmed to respond to market conditions and current news and to make decisions in seconds to improve the profitability of the cryptocurrency investments. Trading bots are used to execute trades for their users, including buying and selling a wide range of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
The users control the bots through a web-based interface, setting up their own parameters for when and how to trade, as well as what percentage of their funds should be used in each trade. Some users choose to program their bots to follow pre-determined strategies, while others prefer to customize their own strategies based on their own analysis. They can also configure the bots to trade based on advanced technical indicators such as moving averages and Fibonacci retracements.
The advantages of using crypto trading bots include the fact that they can open and close orders instantly, based on real-time market data, as well as automate the entire trading process. This takes away the need for traders to constantly monitor the market and manually open and close orders. By automating the trading process, crypto trading bots also enable traders to open and close orders faster than they would be able to do manually, allowing them to take advantage of market movements more quickly. More details here https://3commas.io/blog/best-crypto-trading-bot