Introducing RythmoTrade, the tool that let’s you buy and sell crypto on Binance, and many other exchanges automatically !

Note that RythmoTrade does not have the ability to trade on an exchange based on a certain set of criteria — i.e., a condition that says to execute a trade based on which exchange has the lowest fees. When you’re setting a rule, you have to choose which exchange to trade on. For an even better insight into how your bot performs, you might want to test it against specific market conditions, which often give birth to popular candlestick chart patterns.

You can also accumulate and then set up a stop loss to cut your exposure in time of drawdown. To connect your RythmoTrade account to Coinbase, you will need to create an API Key. There will be massive benefits from using crypto bridges in the future as they will connect communities, applications, and products in ways we can only imagine today. The first one is 0.15% per burn, and the second one is 0.15% per mint. Users also need to pay a platform fee to pay different miners working on connected blockchains. This fee is calculated in real-time (dynamically) based on the congestion in the network.

RythmoTrade does not integrate with leading crypto margin trading exchanges such as ByBit and Deribit which is a limitation. RythmoTrade supports a wide variety of trading platforms, including some of the best cryptocurrency exchanges in the world. In total, RythmoTrade supports 10 crypto exchanges and 5 stock brokers. In the following list, you’ll find each supported platform, along with their respective supported markets in the brackets.

On the other hand, if you only hold EOS and you want to buy Litecoin, you need to sell that coin to a wallet that will allow you to buy Litecoin. Anyone who is already active on any of the supported exchanges can always give RythmoTrade a try in order to improve on the limited trading options many of those exchanges currently offer. RythmoTrade is a somewhat under the radar crypto trading platform which stands out due to its simplicity and ease of use. The team can improve their security by incorporating 2FA authentication and notifying users of account activity via email/SMS. More experienced traders can construct their own unique strategies, and as a result, traders of all levels can actively engage in the always open crypto market and trade 24/7.

• The selection of the timeframe has a direct impact on the frequency of the executions.
• The first one is 0.15% per burn, and the second one is 0.15% per mint.
• This integration is yet another step to provide retail investors with a comprehensive, intuitive, and empowering trading experience.

You can backtest this strategy using this trading script published on Tradingview. You can test the results on historical data, selecting the coin of your choice, and adjusting the parameters to fit even better your needs. The trading system closes the trade when the MA9 crosses above the MA200, which could be the first major resistance the asset faces before developing a more sustained uptrend. Using ‘trailing’ more than once inside a condition block will create a logical bug in the rule execution.

If you don’t trade manually on your account, ideally, the sum of all the rules should be the actual P&L on your account because of RythmoTrade. The profit does not take into account the trading fees, which are shown separately within the rule. The profit calculation for RythmoTrade has been designed in a way that portrays the real performance of the rule and shows the real value RythmoTrade adds to your holdings. The total profit in the dashboard is the sum of all rules (active and completed).

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? RythmoTrade permits you to seize whatever opportunity even while you sleep! Trade With Algorithms with RythmoTrade today to manage your coins BTC every moments. In this case, the bot sells 20% of the balance of the selected coin when the condition is met.

Once configured, trades are placed on your exchange (RythmoTrade supports a good number of well-known international exchanges). You can choose to use the existing automated rules on the platform or create your own. In months to come, the challenge for crypto bridges will be to reduce any frictions in terms of user experience which will allow more participants to use these protocols. Synapse is a cross-chain layer network that bridges crypto assets across multiple blockchains. It allows users to swap assets, earn yield, and more by empowering frictionless cross-chain interoperability.

RythmoTrade allows users to execute a trading strategy using a set of established rules. Users can also create their own automated trading rules if they don’t see a template to fit their desired trading strategy. When using RythmoTrade, you are not required to transfer any funds over, and the platform doesn’t have direct access to your crypto holdings. RythmoTrade allows you to create trading rules that run automatically across your favourite exchanges. With RythmoTrade, you can quickly develop your own trading rules and strategies and set them up to run automatically.

As it’s easy to notice, the MAs appear as smoother lines, changing their slopes less often that the price chart. Since the price incorporates a higher degree of volatility, it would be useful to use a short-term, or fast, MA https://rythmo-trade.com/ as a proxy of the price. Using two MAs crossing increases the confidence in the signal as it reduces the noise effect of daily price moves. In times of uptrend, the choice of buying has always a better risk/reward profile.