There are a plethora of profitable trading opportunities in the crypto market. However, sometimes you can miss great chances to get sustainable income just because you are away from the screen and unable to watch the market. So, how to not get that feeling of FOMO while trading on the Binance crypto exchange and make your strategy perform better? The Binance trading bot by GoodCrypto app is a key to your trading success!
What Is Binance Trade Bot?
This sophisticated automated trading tool is designed to streamline your trading routine and take advantage of every market cycle without you being constantly glued to the screen. Binance trading bots will help you take advantage of any market condition and grow your portfolio, while reducing trading stress and dodging human errors.
All you need to do is just check current market conditions, find the bot type best suited to them, and benefit from the bot strategy that will automatically manage trades without your involvement around the clock.
GoodCrypto app provides its users with three of the best Binance bot strategies for every market behavior: Infinity Trailing, Grid, and DCA.
Let’s take a brief look at them separately.
Binance Grid Trading Strategy
Binance Grid bot will help you profit from the market’s price volatility. It will stay active within the specified range, capturing frequent price changes by maintaining a grid of buy and sell orders and executing them once one of the orders is filled. In the GoodCrypto app, you can find two extra grid bot options for trending markets: Long and Short. Long Binance grid trading bot will give you better results in uptrending markets, while Short Grid will perform better in downtrending ones.
Binance DCA Bot Strategy
DCA Bot is ready to catch the profit on any trending market by averaging the entry price. Moreover, it adjusts take profit level automatically to reflect the size and entry price of your position. Based on the observed price trend, you can choose Long DCA or Short DCA on Binance. The Long DCA bot will start with a Buy order and average down as the market price declines by adding additional Buy orders. Meanwhile, the Short DCA bot will start with a Sell order and average up as the price increases by adding additional Sell orders.
Trailing Algo Trading Binance Strategy
Infinity Trailing bot automatically juggles trailing stop orders, capturing significant up- or downmarket movements. You need to set Trailing Distance for position entry and exit based on observed volatility, and then make it run. The bot will send Trailing Orders until the profit target is reached or you manually stop the Binance algo. You can also specify a P&L drawdown that will serve as a Trailing Stop Loss for your Binance Bot.
Binance Futures Bot
GoodCrypto provides a Binance Futures bot for any market sentiment and the opportunity to trade with leverage up to 125x. Long Grid bot and DCA bot will help you in uptrending markets, whereas Short Grid bot and DCA bot will help you in downtrending markets. Neutral Grid or the Infinity Trailing bot will help you profit from in-range volatility in the flat markets on Binance Futures.
Bottom line
With any Binance trading bot by Good Crypto, you will get better results and benefit from any market condition without human error. If properly configured, the Binance trading algorithm will manage your trades on your behalf and maximise their profitability. Try the most cutting-edge, user-friendly, and reasonably priced crypto trading bots by GoodCrypto and make your profits grow by leaps and bounds with lower trading risks.
