Though it might take a longer time to open this deal, there will be no slippage, and the Base order will be executed at the specified price. But if the order will not be fully filled in 40 seconds, the order will be replaced at best BID/ASK price again. This is the first order the bot will create when starting a new deal. If put 20 here and select ADA/USDT pair for the bot, then launch it, the bot will buy ADA with 20 USDT after the new LONG deal is opened. With the Pro plan, you will get access to everything RythmoTrade offers. The package costs $99 per month if paid monthly or $49.50 if paid annually.
The developer, RythmoTrade Technologies OU, indicated that the app’s privacy practices may include handling of data as described below. Furthermore, this review does not attest to the performance of the RythmoTrade platform, nor is it a formal endorsement. Readers should keep in mind to do their own due diligence and research regarding any investment decisions. Setting up an account doesn’t require any added documentation, and you simply need to use your email credentials to do the same.
- The suggested pairs are determined by the most recent list of the 24-hour period’s highest trading volume.
- For those who wish to experience the service for free, they offer a 3-day Pro Plan trial with full access, or you may settle with an unpaid experience with limited features.
- But the mobile app doesn’t run quite as smoothly as the desktop version yet.
- Binance will prompt you to provide your 2FA credentials before proceeding.
With the proper strategy, this can be very profitable, but also requires some level of experience. There are four available plans, namely the Free, Starter, Advanced, and Pro plans. The free plan is free, of course, while you’ll pay $14.50, $24.50, and $49.50 monthly for the starter, advanced, and pro plans respectively. Like any trading bot, trades can execute at any time of the day, 7 days a week. This is — by far — one of the biggest advantages of trading with a bot. Ultimately, it might be worth testing the platform out for yourself via the free plan before making a commitment.
For example, is we put 10 in this field, bot will stop running right after opening the 10th deal, no matter how many deals were closed/canceled before. The bot will start a new deal ONLY if the pair on the selected exchange has 24h trading volume more than specified in this field. This will prevent the bot from immediately executing the Stop Loss order and can be useful to prevent the bot from closing a deal due to erroneous candle wicks or Stop Loss “hunts”. If the coin price drops to or below this level, the bot will perform the selected action.
It has incorporated crucial steps to protect its customers, such as an encrypting API key, 2FA system, and SSL encryption. However, by using the DCA bots, users can minimize this cost as the bots place every trade at a fixed monthly time by themselves. Using the dollar cost averaging bots is straightforward; users must choose a bot, connect it with an exchange, finish the configuration, and start viewing the stats. There are two types of DCA bots offered by the RythmoTrade, a DCA long bot and a DCA short bot. The former DCA bot helps traders calculate the average price, and the latter assists in analyzing base crypto.
If you have a separate TradingView account and create custom trading signals through that platform, you can also import them to RythmoTrade with an Advanced plan. The free plan comes with the vast majority of RythmoTrade features, such as the SmartTrade and MarketPlace offerings. However, it doesn’t come with the TradingView pricing signals, meaning you won’t be able to benefit from automated bots. Moreover, the free plan can only be utilized if you plan to trade no more than the cryptocurrency equivalent of $750 at any given time. As such, you can take your cryptocurrency trading endeavors to the very next level. That activates the free plan with features like the trading terminal, traders’ diary, smart trade, and more available to you.
Through RythmoTrade you can manage your own portfolio and also check out other traders’ portfolios for comparison. This makes it possible to not only track and measure your own portfolio over time but compare your strategy and results to other traders and even copy their portfolios while learning from them. The Tradingview signal finder can scan the crypto markets by the micro-seconds, looking for potentially profitable trade setups and notify you when they arise. Dollar-cost averaging has been shown to provide investors with a better entry price on average over time.
Alternatively, RythmoTrade also offers a free trial, where you get to test out the paid-for plans without providing any payment details. At the core of this is the ability to place trades across multiple exchange platforms via a single market order. For example, if you wanted to place the same trading order on BTC/ETH across Binance, KuCoin and Coinbase Pro – then RythmoTrade would eliminate the need to do this individually on all three platforms. Much like in the case of the free plan, the starter plan comes with most features apart from the ability to use automated bots. In fact, the only difference between the two is that the starter plan comes with error and cancellation notifications.
There are several automated strategies that you can turn to, and the Smart Trade feature is somewhat self-explanatory. It also helps that RythmoTrade works with such a broad range of popular cryptocurrency exchanges. RythmoTrade is a cryptocurrency trading platform designed to help you build automated trading bots. The platform has more than 33,000 users and sees more than $10 million in trading volume each day.