Exclusive Review; The Launch of Algo Bots on UpBots Multi-Exchange Trading Platform
The much anticipated launch of trading bots on the Upbots crypto trading platform took place last week to much fanfare from the crypto community. The long awaited bots got a befitting reception, more especially from traders after making their debut in the crypto market, with their patience finally rewarded.
The bots represent a crucial breakthrough that is set to greatly transform how traders participate in the market as it gives them an edge over other existing tools. This innovation by Upbots is truly a game changer that provides its user the opportunity to earn huge returns irrespective of the prevailing market conditions.
How will the bots change crypto trading?
It is common knowledge how wildly volatile the crypto market is with the prices of these digital currencies swinging up and down dramatically without notice. It is not uncommon for a cryptocurrency’s price to rise or fall by about 30% within a few hours without issuing any kind of notice.
The decentralised nature of cryptocurrencies means that there is no central authority that can influence prices. As such the value of these currencies is left to the whims of the market that often operates at the extreme ends of fear and greed. This means one can make outrageous returns, sometimes thousands times their capital investment and in the same way, their wealth can be easily wiped out in the blink of an eye.
Trading in such a market that is ruled by sentiment and heavily reliant on supply and demand forces is not for the fainthearted. In order to survive and thrive in crypto trading, one needs to have spades full of courage, a very narrow focus and never-ending composure. And this is only to navigate the treacherous waters of crypto volatility.
Letting sentiment prevail over rationality is precarious and can only end in one way; complete capitulation.
Earning good returns consistently from crypto trading is very difficult as it requires a lot of patience, proper risk management and exercising an extra degree of caution, especially when the markets are volatile.
Over the years, experts have developed various tools such as Technical Analysis (TA), Fundamental Analysis (FA), and Sentiment Analysis (SA) among others to guide traders in the market. However, these tools have their shortcomings that limit the ability to predict the markets accurately throughout.
Bots are backed by algorithms that use multiple data points including up to the minute market conditions to provide reliable signals for executing trades. Automated bots, such as those designed by Upbots, go a step further to conduct trades on behalf of the user to maximise returns according to the chosen strategy.
Upbots variety of trading bots
Upbots has developed various bots to help traders make huge returns for different trading strategies. Currently, the bots are only available on the FTX and Binance crypto exchanges. Plans are underway to make it available on other top crypto exchanges to reach a greater proportion of traders. Each bot has different functionality with the following available on FTX:
Ichimoku-ETH bot - allows users to long or short Ethereum through the ETH/USD pair. So far, the bot has recorded a 43.7% profit for its users.
BTC bot - allows users to long or short Bitcoin via the BTC/USD pair. This bot has netted its users a decent 18.8% profit.
MACD-1h-XRP bot - is specifically built for the XRP Army as its only strategy is long the XRP/USD pair. This strategy has proven to be a winner with the bot netting its users an impressive 44.8% profit thus far.
Bots on FTX
These other bots are available on Binance, the leading crypto exchange:
Optimus BTC - is an algorithm based on success rate optimization. It is particularly effective in a volatile market based on multiple variables and safeties. The bot’s strategy is to long Bitcoin on the BTC/USDT pair. So far, it has achieved remarkable success granting users 42% profits over the past 6 months.
Optimus ETH - is an algorithm based on success rate optimization. It is particularly effective in a volatile market based on multiple variables and safeties. The bot is long on Ethereum via the ETH/USDT pair. It has provided even greater returns with its users earning 71% profits across 6 months.
Optimus BNB - is built in similar fashion to the other two, serving as an algorithm based bot that is long on the BNB/USDT pair. Its performance has also been quite outstanding netting its users 70% profits over the last 6 months.
Bots on Binance
Evidently, Upbots has crafted quite an impressive army of bots that guarantee success in crypto trading by leading them towards a path of huge consistent returns.
Most importantly, Upbots has significantly transformed the crypto trading experience from an adrenaline filled, hair pulling, and extremely stressful venture to a calm, assuring, and highly profitable endeavour.
How to access Upbots highly lucrative bots
The bots are now live and available for use on the Upbots all-in-one trading platform. To be eligible to access the Upbots Algo Bots V.1 users are required to have an FTX account and be actively staking on the exchange.
If you meet this requirement, you can then sign up on Upbots to create an account. Once successfully logged in, you will be able to link your FTX account with Upbots. Use the ‘Add a Wallet’ button on your Upbots dashboard to connect with your FTX by importing your API keys.
After successfully connecting the FTX account, users will be able to access Upbots Algo Bots V.1 and start enjoying a unique, joyful and extremely rewarding crypto trading.
Be among the first to try out the futuristic crypto trading experience courtesy of Upbots by signing up through this link https://upbots.com/
Welcome to the future. Happy Trading!