Polygon trading bot
Polygon (MATIC) trading bot is designed to simplify the process of cryptocurrency trading and offer individual traders an advantage over one another.
Set up bot
How to launch bot for Polygon?
Trading bot, after you connect it to your exchange, sells or buys coins in accordance with your pre-set instructions, signals generated by technical analysis and market conditions. So it trades and monitors the market for you but follows the strategy that you chose. If you choose to trade using a MATIC cryptobot, you will most likely want to be able to place multiple orders at certain market conditions and be able to do it faster than other traders in order to get a competitive advantage.
Polygon (MATIC) trading
As of writing (24.02.2022), the coin is #15 in CoinMarketCap rating based on market capitalization of {13,321,590,823}$.
Now, with the current Polygon (MATIC) value of $1.81, you might be wondering why you should trade the Polygon (MATIC) coin.
In 2021, MATIC increased 100x, an astounding growth. The Ethereum scaling platform has attracted investors' interest, and 2022 may be a strong year for it.
Since it is unclear when ETH 2.0 will be completed, Polygon remains a number one aggregator of Ethereum layer 2 solutions with a clear structure and design. Still, even when ETH 2.0 upgrade is ready, Polygon will remain relevant, as the upgrade won’t solve all the scalability problems at once.
Polygon (MATIC) exchanges
This is one of the most popular coins out there, so you will most likely be able to buy and sell Polygon (MATIC) on top of major cryptocurrency exchanges. Polygon (MATIC) trading platforms include but are not limited to Binance, HitBTC, OKEx, Huobi, Coinbase.Pro.
How to choose an exchange
TradeSanta strategies you can use to trade MATIC
DCA strategy
Dollar-cost averaging strategy is when a bot purchases (in long strategy) or sells (in short strategy) an asset in smaller increments rather than everything at once. It allows you to spread the risk in case the coin price goes opposite to your expectations, also it allows you to lower the average price of entry (for long strategy) or increase the average price of selling (in short strategy) thus allowing you to be able to get the same desired profit percentage at a smaller price rebound.
For a long strategy, DCA bot first buys cryptocurrency and later sells it at a higher price.
For the short trading bot, the first order would be a sell order, and the TP order would be a buy order at a lower price. The dollar-cost averaging bot places the first buy order and extra orders if the price goes in the opposite direction of the strategy chosen.
DCA Long strategy
DCA Short strategy
Grid strategy
The GRID trading strategy, unlike most other trading strategies, works best in a market that is ranging sideways with no distinct direction. It profits from a market's price movement's highs and lows, and it works best when there is no discernible up or downtrend for a lengthy period of time. The grid strategy becomes increasingly profitable as the frequency and amplitude of price swings increase. Grid trading strategies, to put it another way, produce a grid-like formation by scheduling or setting up buy and sell orders in a predetermined price range.
Grid Long strategy
Grid Short strategy