Binance Futures Bot – When you want to make money trading in the futures market, the first step is to choose a suitable exchange. Binance is one of the most popular crypto exchanges, and it offers a wide range of trading options and automated bots. These tools will help you predict price movements and earn profits on them. However, the leverage provided by these bots is limited, and a trader should have adequate collateral when using these bots. Hence, it’s important to pick a platform that has fair trading fees and high liquidity.
In order to trade on Binance futures bot, you’ll need to sign up. You’ll also have to verify your account by submitting a two-factor authentication (two-factor authentication) key. You can do this via email or phone. If you fail to do this, your account may be suspended. Once you have verified your account, you’ll be able to start using your bots. You can choose between various options, such as the Short Grid and Long Grid.
The Short Grid bot is designed to support traders who are watching the markets and are trying to take advantage of any short-term movements. It will buy tokens at low prices and sell them at higher prices. This allows traders to profit from the uptrending and downtrending markets, as well as a pre-defined price range. You can adjust your grid parameters or create your own strategy with a few clicks.
The Long DCA bot is similar to the Short DCA bot, but it’s more advanced. Instead of buying and selling on the same coin, it starts with a sell order and then a buy order. It will send Trailing Orders until it reaches the target price, and it will keep doing this until it is manually halted. You can set the desired trailing distance and P&L drawdown, so the bot can take the most advantageous position for you. The DCA bot is able to adjust its take profit level to ensure you don’t lose money, based on the size of your position and the entry price.
The Infinity Trailing bot is another great option, as it can capture significant market movements and automatically juggle Trailing Stop orders. You can specify your preferred trailing distance and P&L drawdown, and the bot will send Trailing Orders until the specified amount is reached. It can also be configured to catch strong market moves and to send Trailing Orders repeatedly.
The GoodCrypto app is a great choice for those who want to use futures bots to gain returns from rising and falling markets. The app provides various Binance Futures trading bots and algos, allowing you to choose the best one for you. You can also create your own grid trading strategy with just a few clicks. You can even choose from several leverage levels.
To begin, you’ll have to open an account on Bitsgap, a trading platform that connects to Binance. You’ll then have to enter your API keys. The API key is an exchange-specific key that you can use to connect your account to the Binance exchange. Once you’ve created your account, you can set up your trading bots.
Review How to Trade on Binance Futures Bot.