Likewise, when the OBV line crosses downward its moving average, the price is starting to fall and the indicator sneds a sell signal. Immediate BitXDR is an automated trading bot that trades on your behalf using trading algorithms. Once you connect a hopper to a cryptocurrency exchange, you can select a number of strategies that the bot will implement in order to try and make a profit. If the fast moving average crosses the slow one upwards, the price is rather bullish and buy signal will be generated.
It will only sell however, once it reaches your strategies objective. Like most of the moving averages, traders use this indicator to spot trends and trend reversals. This is done mainly by crossovers between a fast and slow moving average.
These keys act as a connection between Immediate BitXDR and the exchange, enabling your bot to perform tasks such as placing automated orders and accessing your balance for its calculations. Essentially, the API Keys serve as a way for your bot to communicate with the exchange and execute the actions necessary for automated trading. To remain safe, it’s best to set up 2FA on your account, and to make full use of the free trial run, as well as make a modest financial commitment to start off.
- When your trading bot has bought an asset, it will move to current open positions, where your trading bot will monitor its price.
- If “Percentage buy amount” is not used or left blank, your bot will use this value.
- When the fast moving average crosses the slow one upwards, a buy signal will be generated since the price can be starting a bullish trend.
- With this way of trading, it’s harder to predict profits/losses when your currencies are unstable.
- Overbought zones are areas where the price and volume have risen significantly in a small interval of time, which suggests that a trend reversal can occur.
When it’s upward, most of the traders become bullish, and when it’s downward, they become bearish. The semi automated bot doesn’t guarantee profits and simply allows traders to make more intelligent trades based on algorithmically programmed trading approaches and external signals. This value is a percentage of your total assets, or the “Maximum amount allocated” field, if configured. When this value falls below your exchange’s “Minimum amount per order,” that value will be used instead.
It is a moving average that includes several EMAs in its calculation to smooth price fluctuations, but without the lag that characterizes trend indicators. The RSI can be used in different trading styles and for various purposes. Usually, traders all around the globe use the indicator by defining overbought and oversold zones. The PPO offers non-sticking signals, so it only sends signals at the crossovers, which are also indicated when the histogram changes color. The MACD offers non-sticking signals, so it only sends signals at the crossovers.
The two lines measure the strength of positive and negative trends. When the positive directional movement line is above the negative one, then the bullish pressure is larger than the bearish one. If the negative line is above, then the bears will be dominating the market. The Commodity Channel Index (CCI) was developed by Donald Lambert in 1980. Although it’s a momentum indicator, the CCI works differently from other momentum indicators on https://tradecrypto.com/reviews/trading-soft-reviews/immediate-bitxdr/. Once the price has broken it, the indicator suggests that the likelihood of the price retracing or initiating an upward trend is high.
This key acts as a connection between https://immediatebitxdr.net/ and the exchange, enabling your bot to perform tasks such as placing automated orders and accessing your balance for its calculations. Essentially, the API Key serves as a way for your bot to communicate with the exchange and execute the actions necessary for automated trading. Like a standard SMA, this indicator to spot trends and trend reversals.
You have 1 BTC and you fill in 0.5 at maximum amount allocated, your bot will only use 0.5 BTC. Your bot sees the total assets minus the reserved funds. If this amount is less than the maximum amount allocated, your bot will use smaller buy amounts for new positions. Switch the toggle so your bot will not try to buy a currency within your chosen cooldown period after a buy, sell or both.
Switch the toggle so all the positions of the same currency will be merged every time. This is interesting when you automatically synchronize positions. When you enable auto-merge, the “max positions per currency” won’t be taken into account as all positions will be merged into one position. Another buying feature that is available on Immediate BitXDR is Dollar Cost Averaging (DCA). Through DCA you buy double or triple the amount of the currencies currently in a loss.
Last but not least, repeat this process and train your A.I. For all markets you have selected in your config at “Coins & Amounts”. Will train itself on, and your Hopper will buy currencies for markets that your A.I. For more information on how to configure your bot and what is taking into account, click here. This tutorial shows you how to set up a TradingView alert and explains the settings you need to fill in.