Trading bot usage and strategies have always only been available to experienced traders and software developers. Thanks to this simple overview you can also benefit from using a trading bot to do your buying and selling for you – automagically!
Traders who use high-frequency trading bots have 3 main strategies namely Market Making(single or across multiple exchanges), Arbitrage(multiple exchanges) or Algorithmic Trading (single or multiple exchanges)
This bot will keep posting limit BUY and SELL orders on a market and waits for other market participants to fill the orders. You can specify how far away from the mid-price the buy and sell’s are, the order quantity, and the update rates (cancel & create orders).
WARNING: Please exercise caution while running this strategy and set an appropriate kill switch rate. The default version of this strategy is intended to be a basic template that users can test and customize. Running the strategy with substantial capital without additional modifications may result in great losses.
Also referred to as liquidity mirroring or exchange re-marketing. In this strategy, the bot makes markets (creates buy and sell orders) on smaller or less liquid exchanges. It does the opposite, back-to-back transaction for any filled trades on a more liquid exchange. We support API connections to iCE3, Binance, Kraken, and Bittrex.
Aims to capture price differentials between two different exchanges (buy low on one, sell high on the other) and as a result, capture the margin as profit. We support API connections to iCE3, Binance, Kraken, and Bittrex.
Advanced programmatic trading. This is where a trader employs a very specific trading strategy and consequently, it sources its behavioural structure from past trading data.
The iCE3 Autotrader is a managed trading bot installation uniquely configured to your own personal trading parameters. It is EASY to get started and the setup and configurations of your own trading bots are effortless. You can monitor the performance of your bot via the iCE3 Broker dashboard or you can opt to enable 3 party services such as Telegram Trader.
This article is intended to educate and should in no way be seen as investment advice or an enticement to use the ice3x.com platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.