What is TradeSanta?
TradeSanta is a cloud-based software designed to automate your cryptocurrency trading strategy and to make trading accessible to anyone.
How do I start with TradeSanta?
It’s really easy to automate crypto trading with Santa cryptocurrency trading bot for Binance, Bittrex, Bitfinex and HitBTC. First, you set up an access point and then you configure bot parameters. You choose a trading pair, crypto bot strategy (long or short), take profit level and other settings. The Wizard guides you through the whole process and TradeSanta Bot templates will help you to dive into automated crypto trading smoothly.
How does TradeSanta work?
Once your trading bot is set up and ready to buy and sell cryptocurrencies, it will open a deal either immediately or after a signal from technical indicators is received, depending on the filters set.
For the first order crypto bot buys the amount of base currency indicated in the settings by the user. When the initial order is executed and the deal is open, the automated trading bot places the Take Profit order along with several Extra orders. Take profit order is the one that makes profit at the percentage level set by a user. Each time the price of cryptocurrency goes in the opposite direction than the strategy chosen, one extra order is executed and a new extra order is automatically placed. The take profit level is also reduced each time this happens. Extra orders serve to take advantage of the changing price and adapt the trading strategy according to the current market conditions.
Extra orders give you the chance to make a profit even when market fluctuations do not support your initial strategy. In case the price goes in opposite direction to your expectations, the Santa trading bot places extra order to buy (or sell) more coins at the current price, making it possible to get desired take profit with a smaller price change in the future.
Long And Short Strategies
TradeSanta makes it possible for you to launch automated trading bots with short and long strategy simultaneously. Whichever direction the price goes TradeSanta cryptocurrency bots will cover it.
TradeSanta technical indicators serve to ensure the crypto trading bot will enter the market at the optimal point. TradeSanta users may choose from Volume filter, Daily filter, and Bollinger signal or use these 3 filters at the same time.