Q Is this software easy to use? All you have to do is buy the software and connected to Bittrex, Bitfinex and many more with the API keys. Will more exchanges be supported? Yes, we constantly evaluate the major exchanges and some others in order to ensure that tis Bot will work with these exchanges.
If we get a large number of requests and we notice that a new exchange has an open API and volume, we will do our best to support it. What should I expect as profit? Depending on the time frame and what your bot is looking for you could make a lot, or lose some. This is after all a free market and not a bank. There are large unknowns when dealing with markets, any number of influences can trigger a rise or fall.
Most bots will be a better strategy than a buy and hold method and as long as you believe your choice of altcoin will go up, then you will likely make a profit. Sometimes a bot is used to help reduce lost, not just make profit. If a bot is not preforming the way you think you can always change bots or pause the bot and make a manual trade and then turn the bot back on when it is in sync with your choice. Why use a bot at all? There are many reasons why you would use a bot.
Maybe you are an inexperienced trader and are looking for a way to get into trading, maybe you want someone watching over your account while you are away or asleep, maybe you don’t need the stress of staring at monitors all day and want a rational less emotional way of trading. Most importantly the bots are not always checking to buy or sell, they have a period of time where they wait and it is likely that which ever peak or valley doesn’t happen right when the bot checks.
Plus, even if it was the highest or lowest how would the bot know? All bots are looking for specific conditions to trade on and in most cases it will execute after it the high or low. Do I have to restart my robots each time that it makes a trade?
No, as long as the credit in your exchanges is over 0. The process is totally automated. In order to see if you owe anything please go to the Back Office and select the ‘Matrix Earnings’ tab. How do the bots work? Each bot has a set of indicators and parameters that when all align will make a buy or sell, telling the exchange of your choice to execute a trade.