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Author: Admin | 2025-04-27
Will enter buy orders just above the support level. And sell orders just below the resistance level.The robot will make profits while BTC/USD remains in this zone.It will also add stop-loss orders on both sides of the trend. This protects the account balance from a sudden breakout – either above or below the consolidation zone.Grid robots adopt a short-term strategy, but they can be deployed on virtually any crypto pair. That said, they work best when trading large-cap cryptocurrencies like Bitcoin and Ethereum. This is because of tighter spreads, ensuring the grid robot can still make money from small price movements.DCA RobotsDollar-cost averaging (DCA) is a popular investment strategy with long-term buyers. It removes the need to predict market cycles, as DCA strategies make small but frequent investments. This averages the cost basis over time. DCA robots take this strategy to the next level.For example, suppose you view Litecoin as one of the best cryptocurrencies to buy.A DCA robot could buy Litecoin whenever the price dips by 0.5%.Or, it could make small investments every 24 hours.It could also buy Litecoin based on technical readings. For instance, it could increase exposure whenever the RSI declines from the previous day.The key concept is to make strategic purchases at the best price possible. DCA robots are also ideal for building multi-asset portfolios. For example, you might want exposure to 10 different coins and wish to DCA daily. The robot can automate each investment, saving you time and effort.Futures RobotsSome of the best Bitcoin robots trade futures. These are often perpetual futures, which are available on the best automated crypto trading platforms. Perpetuals don’t have a settlement date, making them ideal for robot strategies. What’s more, perpetual futures often come with small margin requirements.They also support short-selling, ensuring market flexibility. Futures robots are more suited to high-risk speculators. This is especially the case when trading with leverage. The robot will buy and sell futures based on technical readings, such as the exponential moving average, RSI, MACD, and Bollinger Bands.Connecting to ExchangesOnce you’ve purchased a Bitcoin robot, you’ll need to connect it to an exchange. This is usually a simple process. The robot platform requires an API key, which you can retrieve from the exchange. This enables the robot to access your exchange balance, meaning it can place investments on your behalf.Make sure you check the permissions settings before providing the API. In particular, the
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