An interesting long-term strategy to buy low and sell high using the Relative Strength Index indicator. Communication between the web app database/cache nodes is encrypted using TLS 1.2 or higher. They also add Cloudflare CDN as another layer of protection against DDoS and other attacks to ensure that the platform is safe for users. There are several encryptions used to keep the platform secure. RythmoTrade stores API keys with 256bit AES encryption, which are encrypted with dedicated private keys generated separately for each user. The keys are further stored on detached data storage which is also encrypted with AES-256.

• The platform has up to 34 automated bots to choose from, including Bollinger Bands, Golden Cross Trading, RSI Scalping, Multi Moving Average, Range Trading, and Oversold Reversal, amongst others.
• With RythmoTrade, you can quickly develop your own trading rules and strategies and set them up to run automatically.
• Coinbase’s petition for new crypto regulations, which the SEC has flatly rejected.
• You’ll pay a separate fee, depending on the exchange, to execute the trade.

Automated stock trading is a method where buying and selling orders of stocks are automatically placed based on pre-set rules. These rules can be based on various factors like price, volume, and other market indicators. RythmoTrade’s integration with Alpaca allows you to automate your stock trading strategies on the NASDAQ, providing a hands-free approach to stock trading.

This is a a real crypto trading simulator to test your strategies. This page lists the top 100 cryptocurrency coins by market cap. The performance of all your rules will be displayed along with the aggregate return of your portfolio. The first and second parts of the rule are executed simultaneously. As soon as the first action is completed, the second condition is checked, the first condition doesn’t wait for the second action to run again.

One of the popular technical indicators is the Relative Strength Index (RSI). It measures the strength of the price trend over a defined period. The mathematical formula takes into account the percentage of price moves up compared to those down. The more the up moves overweight, the price drops, the more the price of the asset is in a solid uptrend. Any time operator allows you to create multiple strategies within the same rule. You can accumulate and then set up a stop loss to cut your time exposure.

However, the ‘Direct Order’ requires more specific buy and sell commands for the trading bot to execute trades. Templates are one of the core features of RythmoTrade, and they are essentially a copy trading feature. In other words, they are premade strategies that can be copied and used with trading bots on the platform. There are countless available templates in the RythmoTrade marketplace, made by the RythmoTrade team itself and community members. The platform offers a guided process that helps new users understand the basics of automated trading and how to create their first rule.

RythmoTrade is a crypto trading platform that allows you to create your own automated trading rules, or follow 200+ templated strategies without having to use code. RythmoTrade syncs directly with most of the top centralized exchanges, so when the rules you define are met, trades execute automatically. If you’re a beginner, you can paper trade without risking capital. Advanced traders — especially those who trade on multiple exchanges — benefit from the ability to execute trades within a single dashboard. RythmoTrade is an automated web-based cryptocurrency trading platform that allows investors to optimize their crypto trading experience.

Using the image below as an example, you can set the indicator to produce a signal when RSI is approaching overbought and is greater than 65. Once the indicator value has been met, a buy or sell signal will be produced which will trigger your rule. To come back to the previous example, if BTC were to start dropping, the rule would sell at $46,200, making sure you secure a profit above the price of $45,450 at which you had bought in. It’s very easy to verify how it works, and if a condition is met.

You will then be able to see the API keys, and you should edit your API key restrictions in order to maximize your security settings. RythmoTrade stores the API keys in an encrypted form with dedicated private keys, which are generated for each user separately. Next, RythmoTrade developed an “If This Than That” rule (also known as IFTTT), based on the strategy itself. Unlike other crypto companies, in 2017 we didn’t launch an ICO,
instead we raised funds from MKB Bank and Angels.

Users can create customized trading rules based on their individual strategies. Whether it’s a simple buy-sell rule or a more complex strategy involving multiple indicators, RythmoTrade offers the flexibility needed. The platform includes risk management features that allow users to set stop-loss, take-profit, and other conditional orders. This helps in protecting investments and managing risks effectively. RythmoTrade lets you buy and sell cryptocurrencies on exchanges, using its advanced trading bots. Create a bot strategy from scratch, or use a prebuilt rule that has historically been traded on the exchanges exchange.

This drop in difficulty, combined with a declining network hash rate, has substantially reduced miners’ revenues, pushing them to sell their Bitcoin (BTC) holdings to stay solvent. As a result, selling pressure on Bitcoin (BTC) has increased, which in turn impacts its market price. Managing risk is a must when trading with leverage, a typical practice between professional traders is using stop-losses on all their positions to protect themselves from large unforeseen losses. Did you wish you had invested in Bitcoin on Binance at that time?