Trade Santa has announced the Santa Bot, free cloud software for trading cryptocurrencies that will allow users to capitalize on the volatility of the crypto this festive season. The software is designed to execute simple strategies used by a majority of traders and takes only 10 minutes to set up.
The cloud trading software also comes with detailed tutorials to help guide users through each step of trading. It’s designed to execute trades through API keys from all cryptocurrency exchanges supported by the software, meaning that it’s limited to only trading, and not withdrawing or access user funds without their authorization. Currently, the Santa Bot supports six crypto exchanges, which include HitBTC, Kucoin, Bitfinex, Bittrex, Binance, and Poloniex.
Santa Bot Functions
According to Cointelegraph, Santa Bot comprises of a number of trading pairs, and can execute both short and long term strategies with the permission of the users. It depends on technical indicators to try and perform accurate trades to maximize the profits of the user.
Trade Santa also says that the software can execute up to 100 times more trades compared to trading manually. It achieves this by tracking the movements of the market, targeting a number of trading pairs simultaneously without the interference of the users.
When it comes to mitigating risks involved in the cryptocurrency market, Trade Santa says that it has a number of measures to ensure users don’t incur a lot of loses. It executes additional orders to compensate for any unexpected market shifts.
Simple Set Up
According to Trade Santa, the Santa Bot takes only 10 minutes to set up. One will only need to follow the provided guide to configure their trading parameters in order to make their trading automated. When it’s done, one will only need to set their trading pair and have their own targets and leave the rest to the bot.
The bot’s interface allows users to review some of the market pairs that show potential in a 24-hr period, and they so wish, three, six and 12-hour period. The dashboard also allows them to access a summary of the executed trades, which includes estimates of profits, orders in progress, balance in form of bitcoin, and current exchange rate of BTC/USDT.