A trading bot is an automated software that connects to a crypto exchange and trades the coins of your choice in accordance with your pre-set instructions, signals generated by technical analysis tools and market conditions. It is an essential tool to automate your portfolios and save time.
Ethereum Blockchain network is a decentralized platform enabling smart contract execution and transactions of Ether (ETH), its designated cryptocurrency. It enables anyone to create new wallets free of charge, which makes it a breeding ground for software robots.
ETH blockchain has become the go-to destination for software robots in recent years because it enables them to open new wallets for free and execute transactions at any time. In this way, ETH’s blockchain is a perfect breeding ground for software robot activity because it is constantly growing with hundreds of thousands of new wallets created daily.
As the crypto winter continues, traders are relying on algorithms to generate a “hive mind” consensus about their investment allocations. The newest data from one such bot, Real Vision, reveals that most traders have increased their ETH allocations this week.
To achieve this, the bot polls its users to compile algorithmic portfolio assessments that generate a consensus on market participants’ preference for ETH and other top assets.
The resulting data is compiled into a weekly report that’s shared with market participants. As such, the hive-mind consensus is a very useful data point for investors who want to make an informed decision about where they’re allocating their capital.
ETH is currently the second most valuable currency in the world with a market cap of over 100 billion USD. Its growth and adoption are driving prices higher and making it a great option for beginners who want to enter the digital asset industry.
Its network is a great place for trading because of the large volume of daily transactions executed by its users. It also enables users to easily interact with the Ethereum blockchain, leveraging its public chat channel, Discord.
A bot for ETH can be a great way to earn money on the Ethereum platform, but it must be carefully maintained in order to ensure a safe and sustainable profit. It must be able to handle volatile markets, adapting to changes in price and liquidity.
The best ETH bot uses a variety of strategies to maximize profits, from market arbitrage and exchange arbitrage to grid trading and DCA, depending on the specific goals of each user. Moreover, they allow for the adjustment of their strategies and can be used for different asset pairs.
Infinity Trailing Ethbot
Infinity Trailing Ethereum bot trading is an algorithm that uses trailing stop orders to enter and exit Ethereum positions based on observed volatility and projected volatility. The algorithm will repeatedly send trailing to buy and sell orders until you manually stop it or your profit target is reached.
This strategy works best when volatility is high. Unlike traditional trading, it rides strong market moves both up and down, capturing more upside than simple holding would.