There is a plethora of profitable trading opportunities in the crypto market. However, sometimes you can miss a chance to secure steady income just because you are away from the computer screen not being able to watch the market. So, how to stay away from FOMO while trading on the Binance crypto exchange and make your strategy perform better? The Binance trading bot by GoodCrypto app is a key to your trading success!
What Is Binance Trade Bot?
This sophisticated automated trading tool is designed to streamline your trading routine and take advantage of every market cycle without the constant need to be glued to the screen. Binance trading bots will help you benefit of any market condition and grow your portfolio, while reducing trading stress and dodging human errors.
All you need to do is check current market conditions, find the appropriate bot and benefit from the bot strategy that will automatically manage trades without round-the-clock involvement.
GoodCrypto app provides its users with three of the best Binance bot strategies for every market behavior: Infinity Trailing, Grid and DCA.
Let’s take a brief look at each of them separately.
Binance Grid Trading Strategy
Binance Grid bot will help you profit from price volatility. It will stay active within the specified range, capturing frequent price changes by maintaining a grid of buy and sell orders and executing them when one of the orders is filled. In the GoodCrypto app you can find two extra grid bot options for trending markets: Long and Short. Long Binance grid trading bot will give you better results in uptrending markets, while Short Grid will perform better in downtrending ones.
Binance DCA Bot Strategy
DCA Bot is ready to capture the profit on any trending market by averaging the entry price. Moreover, in the GoodCrypto app it adjusts ‘take profit’ level automatically to reflect the size and entry price of your position. Based on the observed price trend, you can choose Long DCA or Short DCA on Binance. The Long DCA bot will start with a Buy order and average down as the market price declines by adding additional Buy orders. The Short DCA bot will start with a Sell order and average up as the price increases by adding additional Sell orders.
Trailing Algo Trading Binance Strategy
Infinity Trailing bot automatically juggles trailing stop orders, capturing significant up- or downmarket movements. You need to set Trailing Distance for position entry and exit based on observed volatility, and then make it run. The bot will send Trailing Orders until the profit target is reached or you manually stop the Binance algo. You can also specify a P&L drawdown that will serve as a Trailing Stop Loss for your Binance Bot.
Binance Futures Bot
GoodCrypto provides a Binance Futures bot for any market sentiment and the opportunity to trade with leverage up to 125x. Long Grid bot and DCA bot will help you in uptrending markets, whereas Short Grid bot and DCA bot will come handy in downtrending markets. Neutral Grid or the Infinity Trailing bot will help you profit from in-range volatility in the flat markets on Binance Futures.
With any Binance trading bot by Good Crypto, you will get better results and benefit from any market condition, bypassing the human error. Properly configured, the Binance trading algorithm will manage trades on your behalf, maximizing profitability. Try the most cutting-edge, user-friendly and reasonably priced crypto trading bots by GoodCrypto, making profits grow in leaps and bounds with lower trading risks.