Once you’ve set up your Immediate BitXDR service, use API keys from your exchange account to link them to Immediate BitXDR. Immediate BitXDR comes equipped with some 150 plus strategy templates to plan rules around. This is just one of the tutorials Immediate BitXDR offers to educate users.
The platform can be used free of charge for an undefined time period, although, the Starter account option is restricted to only 1 Connected Exchange, 2 Demo/Live Rules, and 7 Template Strategies. Once again, the tab at the top right of the page summarizes all the key conditions, and you can configure the template as you like, and even add further conditions https://strangebrew.finance/immediate-bitxdr-review/ before clicking the “Launch” tab. Here, the Demo account displays a market buy order for $2500 worth of BTC to be deployed twice should the price of Bitcoin drop by 15%. It’s important to underline that the price reference updates only when execution happens, which means that if the price never reaches the first price target, the strategy will not start.
In this situation, the rule will certainly trade less frequently, however, you will certainly have greater control. While this technique looks simple in theory, it’s sometimes challenging to place it right into the method. That calls for cold-blood and also stress-management to purchase when the rate declines. You will also need resolution in marketing when the price is rising. The approach integrates 2 of one of the most usual indicators to produce an effective long-lasting method for acquiring coins with upside possibilities. The Relative-Strength Index (RSI) is a technical indicator that determines the size of a coin’s price actions.
For additional security, we recommend you select IP restrictions and add your trusted IP addresses. Immediate BitXDR will never request to transfer your exchange funds so do not enable API “Transfer”. Trading with the Demo Exchange is the perfect way to start automated trading. The Demo exchange is connected to Binance, which means that you can test your strategies with all the available coins on the exchange. When you create a rule on the rule page, select Demo Exchange to check the allocation of your Demo Wallet. You can adjust all the relevant parameters to see in real-time how results would have changed based on these changes.
The first one is 0.15% per burn, and the second one is 0.15% per mint. Users also need to pay a platform fee to pay different miners working on connected blockchains. This fee is calculated in real-time (dynamically) based on the congestion in the network. CBRIDGE supports all EVM-compatible blockchains such as Avalanche and Fantom https://immediatebitxdr.org/ for cross-chain transfers, and it also includes layer-2 scaling solutions and some layer-1 blockchains with EVM compatibility. The fees percentage of the platform ranges from 0.04% to 0.1% for most transactions. The only exception is transactions that originate from Optimism and Arbitrum, and the fee for these transfers is 0.2%.
FOMO behavior is caused by the common psychological bias which makes a short term price movement seem to be something irreversible. It is important to note that occasionally, the price won’t retrace back to where it was before a longl-asting uptrend started. But nonetheless, the main point to consider is that buying an asset just because its price is rising fast is never a good investment decision, more information must be evaluated. Event Trigger tracks predefined conditions set by the user and triggers an event such as a Buy or Sell order once the predefined condition occurs in the market. When the event “triggers”, the algorithm sends out one (or more) orders just like it was defined in the rule. We can define APIs as a tool to create a communication protocol between our platform and your crypto wallet or exchange.
However, the price used is the better price out of either Binance Order Book or current Market price. As the strategy’s loss increases, a tight stop loss applies to each trade to switch to a more conservative approach. The main advantage of a trend following scalping with loss protection is to allow more tolerance for volatility on each trade when the overall performance is good. Now that both alerts are set up, you can launch the rule on Immediate BitXDR. Automated trading with candlestick patterns can be considered an advancement of the age-long tool for predicting price direction.
- Immediate BitXDR is a popular crypto trading bot that allows users to automate their trading strategies.
- The Demo Exchange is a crypto trading simulation tool that users can use to play around with trading strategies before making any actual trades in the live exchange.
- The idea is that demand and offer (the main driving forces of price) shape how the price evolves over time.
- While the rules are running, you can see all the relevant activities and the performances on the activity page.
The bot protects all your trades to decrease the danger of losses as well as take advantage of the profit if the price increases. Customize your rule’s conditions, actions, and any additional parameters as required. In isolated margin, investors decide how much funds to allocate as collateral for a specific position, and the rest of the account balances are not affected by this trade. Trades are now executed in Isolated mode on Binance Futures which results in each trade’s margin being isolated and only enables this amount to be lost if your liquidation level is reached. Your liquidation level will be higher than “cross”, but only the margin you have allocated for each trade is at risk. Customize your rule’s conditions, actions, and any additional parameters as needed.
That means that the strategy buys coins that are on solid uptrends, avoiding short-term pump-and-dumps, where the risk of buying the top is very high. Immediate BitXDR applies advanced protocols of security to protect all the users’ API keys. The company stores the API private keys on separated data storage and encrypts them with the AES-256 standard.
