What is DigieBot Trading Bot?
Many people have asked me my opinion about trading bots. I have been researching and using crypto trading bots for many years and have tried many of them. From Cryptohopper to CryptoTrader to Gunbot to Hodlbot to Digiebot, I have tried them all and after using many of them, I have come to the conclusion that a trading bot can be a very useful tool to have in your crypto portfolio If you know what you are doing. Unfortunately, most people don’t know what they are doing when they decide to get a trading bot and that is where they get into trouble.
What are Trading bots?
Trading bots are software tools that you use to connect to your cryptocurrency exchange and are used to make trades on your behalf. All trading bots work by using a variety of proprietary algorithms and indicators that supposedly work to make successful trades for you. The idea of using a trading bot is simple: A good trading bot will help users make money in the market. For those of you that do not want to waste a lot of time having to learn all the ins and outs of trading cryptos, automated trading bots might be an option. Cryptocurrency trading bots can eliminate things such as bad timing, human error, or making bad emotional decisions. Trading bots can also allow you to execute trades with greater speed and trading bots never sleep, they are working for you 24/7.
Do Trading Bots really work?
Trading bots can be a profitable tool to the investor provided that you have the expertise to configure the bot manually or if the bot has programmed trading rules that you can select and change as conditions in the market change. Using these automated pre-programmed trading algorithms allows the bot to take advantage of the constantly changing trading opportunities to make you profits.
Can a Trading Bot really make me money?
The answer is maybe. Whether you make money or not with a bot depends on several factors. It is possible to make money with a crypto trading bot, but it all depends on the trading bot, what kind of trading strategy you are wanting to use or that the bot uses, how much capital you have for the bot to trade and how much time you are willing to spend configuring and monitoring the bot.
Some bots such as Digiebot use several proprietary algorithms to make their trades based on automated preprogrammed rules that look at the crypto market's constantly changing conditions. Because the market is constantly changing, Digiebot uses many different algorithms or “bots” to decide what and when to make a trade.
Other bots such as Hodlbot take a different approach and use algorithms to make trades based on a specific strategy of cryptocurrencies in an index. These indexes have certain allocations of cryptos that you choose. Once you choose that index of cryptos, Hodlebot’s algorithms work to get you towards your target allocation. I actually like the concept of Hodlbot if you want a totally hands-off approach and I think it is perfect for those who do not want to mess with having to set up a bot even if it's automatic. Think of Hodlbot as hiring a company like Fidelity to manage your portfolio. They do everything, you sit back and let them manage your funds.
Why is Digiebot Different?
Digiebot allows you to fine-tune your trading. Settings allow you to determine the cryptocurrencies you would like to trade, the percent profit you would like to see per successful trade, The amount of your portfolio you would like to make available for Digiebot to trade, the ability to set parameters for setting a stop loss on your trade, and best of all, Digiebot has a feature called long term hold that will take a negative trade and trade it back to profit with whatever percent profit you decide. Digiebot is designed to constantly buy and sell your selected cryptocurrencies turning all profits from successful trades into Bitcoin. If your goal is to have and hold more bitcoin in your portfolio, this is exactly what Digebot is designed to do. It will increase the amount of Bitcoin you hold in your exchange over time.
Three things that make Digiebot different from other bots.
- Digiebot’s Money Management
- Digiebot’s Proprietary Volume Analysis
- Digiebot’s Winning percentage of Trades
For technical people, DigieBot does not use lagging indicators like other trading bots. The algorithms the Bot uses are based entirely on the volume of trades taken by traders and by analyzing the commitment of the market to that trade. While most people will want to use Digiebot’s Auto trading feature that does all the trading for you, Digiebot also has a manual option with a great user interface for those who want to have even more control over their trades.
I have been using Digiebot for over 2 years now and have been very happy with the results. I have also seen the continuing improvement of the software and the improvement and addition of different algorithms or “bots” that Digiebot uses as well as the quality of support that they give their users. The company is based in the US and holds weekly training and educational zoom calls to educate its users on the best way to use Digiebot and to keep them informed on new improvements and upgrades.
You can learn more about cryptocurrencies by visiting my site at HTTP://cryptocurrencyinfo.today
