Connect with us

Press Release

Bitsgap unveils the first bot for the non-technical savvy traders

Paul Stebbing

Published

on

Bitsgap unveils the first bot for the non-technical savvy traders
Source: Coin Traffic

The bot is designed to make smart moves on your behalf.

Bitsgap has announced the release of their newest product; a trading bot designed for both the non-tech savvy and highly technically skilled traders in the market.

Maksim Kalmokov, Bitsgap CEO said,

“This is a tool meant to give both small and large scale day traders control over the volatile crypto market.”

It is accurate to say the day trading space is flooded with bots of different kinds and technical capacities. However, options for the crypto market are still limited.

The trading bots available are those that only traders with high technical skills can successfully deploy. The Bitsgap trading bot is designed with a user-friendly and easy to operate user-interface for everyone. As a trader, all you need to do is to set the parameters within which you are comfortable to put and execute your orders and all this is done through simple buttons and sliders on the user interface.

Maksim Kalmokov added,

“Beginners almost always find it hard to put most of the existing trading bots into effective service. We designed Bitsgap with them in mind. Nevertheless, we as well thought of the advanced trader. So this a bot to grow with.”

Another cool and handy feature of the Bitsgap trading bot is the access it gives users to its back test result. Indeed, the accumulated past trading history goes to form part of your future trading algorithm. In other words, over time, the system learns from your history and great moves. It then develops an even more nuance trading algorithm from it to guarantee more earnings.

There are also more unique needs of the crypto market that need special attention, which the Bitsgap development team undertook in the design of the bot. Unlike the stock and forex markets, the crypto market doesn’t have opening and closing prices. The market runs in a 24/7 cycle.

That makes it very critical that a day trader can take advantage of price movements that happen when they are not online either because they are asleep or attending to other things. Instead of one monitoring the market in a 24/7 cycle through price movements and news trends that influence it, the Bitsgap takes control and ensures you do not miss opportunities.

The Bitsgap bot also offers critical protection for the trader. It can, through its robust algorithm, determine when to automatically prevent further investment bleeding due to extreme price movements. The Bitsgap development team recognized that the crypto market offers more opportunities for traders than the traditional markets. This, even more, the case gave the volatility that is experienced in the market.

What has stood in the way of maximizing earnings from the market is the fear of the unexpected and the pressure to avail long hours to study the market for action. The Bitsgap trading bot has an elaborate algorithm that can appropriately react to market trends with little input from you.

This makes it possible to be on top of the market throughout, even when you are not closely watching it. Bitsgap came into the limelight in early 2018 when it launched the Bitsgap trading portal, which allows one to have access to all their trading activities on various exchanges and platforms on a single interface for smooth and coordinated trading monitoring and action.

At the moment it supports up to 25 exchanges and trading platforms, including Binance, Kraken, Bitfinex, Bittrex, and Huobi. Bitsgap is a business entity registered as a company in Estonia. It, however, makes its services available to investors from around the globe.

You can start your free trial by visiting the website.

Note: This a paid post, and should not be treated as news/advice.

Paul is a software engineer and explored Bitcoin and cryptocurrencies during the early part of 2017. He entered the space by building his own mining rigs. He is currently a full-time member of AMBCrypto and writes about blockchain applications and cryptocurrency. You can email him at paul@ambcrypto.com.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *