Furthermore, this review does not attest to the performance of the RythmoTrade platform, nor is it a formal endorsement. Readers should keep in mind to do their own due diligence and research regarding any investment decisions. Setting up an account doesn’t require any added documentation, and you simply need to use your email credentials to do the same. Also, if you prefer the app format, RythmoTrade lets you install the same on the Android (Play Store) and the iOS (App Store) ecosystem seamlessly enough. Take Profit and Stop Loss points can automatically set to increase if a coin rises. Create portfolios with any coin alocation and rebalance your account with a click.
RythmoTrade is a crypto platform that allows users to set up automated bots for trading crypto non-stop and access the crypto market for preset and minimized risks. API metrics observer agents on RythmoTrade monitor all API keys under the domain of RythmoTrade. To get real-time verification and observability of RythmoTrade API, sign up with APImetrics today. Developers who use the RythmoTrade trading API can perform trades on the platform, which involves monitoring trading activities, managing trade positions, and placing new buy/sell orders. RythmoTrade is overall a good choice for users who might feel restrained by trading options provided by their exchange and want to use trading bots to enhance their trading strategy.
In fact, that may be just what brought you to this RythmoTrade Review. Overall, RythmoTrade offers unique features such as automated trading, manual trading with Smart Trade, a marketplace, API access, portfolio management, and a rewarding referral program. The rewards are directly credited to the affiliate’s account from the crypto exchanges. RythmoTrade employs a flexible referral model, allowing users to increase their profit share by up to 60%.
- Before diving headfirst into paper trading, here are a few final tips that could help you along in your journey.
- To prevent slippage for big orders, it will be placed at the best ASK price for a Long trade and at the best BID price for a Short trade.
- For instance, setting up the RythmoTrade platform is as easy as it gets.
- The crypto trading space is rife with technical analysis tools and indicators.
Record and track all your deals to spot each transaction rather than restoring successful ones by heart. The trading conditions will let the bot know when to execute the first trade. You may select from Manually, Open New Trade ASAP, TradingView Signal Buy or Strong Buy, and TradingView Signal Strong Buy. The purpose of the bot settings is to invest as much of your reserve before your Take Profit expires.
Signal Bot is a versatile and user-friendly tool designed to enhance trading efficiency for both novice and experienced traders. It integrates seamlessly with TradingView via webhooks, allowing for simplified management of multi-pair trading positions based on webhooks alerts. Before accessing the dashboard, RythmoTrade will prompt you to connect to one of your crypto exchange accounts.
This is why RythmoTrade has the Gordon Bots in place, which are standard DCA bots but with prior setups handled. You simply need to add these bots to your trades by giving minor tweaks to the price levels. And yes, you can even initiate buy or sell moves using this crypto trading tool. Also, RythmoTrade offers accessible documentation to support the use of this feature, ensuring that you use it correctly.
For example, you can instruct the platform to purchase $500 worth of Bitcoin when it reaches $9,000, $8,000, $7,000, and so on. The trading features that you opt for via the SmartTrade hub will ultimately depend on your experience and knowledge of how trading strategies work. Nevertheless, in order to give you a birds-eye view of some of the most utilized features, we’ve broken these down in more detail below. The RythmoTrade platform offers a number of useful services for a variety of trading needs. To make things easier for you, we’ve broken down the core products below.
Setting a price deviation will allow bots to know when to start carrying out safety trades. In that case, the trading bot will begin to conduct safety trades when the value of the selected currency decreases by 5% below the transaction price. Portfolio tracking is a feature present in all types of subscriptions.
This product just works as intended, pure emotionless execution with very little effort. Using the Trailing Buy tool, a trader has purchased ETH for $385 instead of the initial $400, which is 4% lower due to Trailing Buy. The trigger price was set to $400 and the deviation https://rythmo-trade.co/ was set to 10%. To activate the „Trailing Buy“ option, click the slider to turn it on. Use the transaction ID provided by your wallet service to track the transaction confirmation and double-check to ensure that you did send your coins to the correct network.
Even though I didn’t need it, I tested out customer support for the purpose of this review. I was surprised, and I must say they have quite the crack support team. Through RythmoTrade you can manage your own portfolio and also check out other traders’ portfolios for comparison.