How to set up Autofollowing on the Cryptorobotics platform?
Nowadays, the Cryptorobotics trading platform always works on improving the cryptocurrency trading process to make it automated. Therefore, traders have an opportunity to trade 24/7 without necessarily being present at the terminal. One of such solutions for crypto trading is considered Autofollowing.
What is Autofollowing?
Autofollowing is an automated function that allows trading with the help of the robot that follows the signal of the analyst. The robot processes these signals and starts trading. Traders customize this feature once, and after that, they just have to track statistics and receive their passive income from trades.
How to start using the Autofollowing function?
If you want to use the Autofollowing function, you should register on the Cryptorobotics platform, click on the “Algotrading” button, and choose Autofollowing in the left menu.
Here you can see a list of channels, as well as their summary statistics. In addition, there are also visible:
- cumulative profitability;
- number of signals;
- all trades for the whole period;
- monthly profit;
- exchanges that are available for signals;
- number of followers;
- monthly subscription cost.
For more detailed information on channel statistics, you can click on the “View statistics” button. After that, you will get on the channel page, where you can see:
- All/Active trades.
- Average, total, and monthly profit.
- Successful and unsuccessful trades.
- Profit achievement by strategies.
- Dynamic of profitable trades.
- Pending trades.
Below you can view “Current trades” and “Trade History”. If you click on the “Trade History” tab, you can also find the following information:
- The date of the signal creation for the trade;
- The aim of achievement and profit for each of the three strategies;
- Date and time of trades for each of the strategies;
- The exchange where trade was made;
- You can also view all signal parameters on a chart: buy range, targets for strategies, stop-loss. Here, you can track the time of the transaction and position of the price concerning the sell target by pending transactions;
- Status is also displayed for pending transactions.
If you want to use the Autofollowing function, it is necessary to take the following steps:
- Сhoose the channel you prefer,
- Press the “Subscribe” button,
- Contribute the payment for the subscription.
How to set up an Autofollowing function on the Cryptorobotics platform?
After you buy a subscription to the channel, the “Settings” and “Start” buttons become available to you. Therefore, you will be allowed to customize the following settings:
1. You should choose the exchange key to which you want to connect Autofollowing;
2. It is necessary to select a strategy: T1.Conservative, T2. Moderate, or T3. Risky;
3. The next step is a selection of the main currencies that you are going to trade BTC, USDT, ETH.
It is worth noting that you are allowed to choose all of them. Take into consideration that the most often signals are given to USDT. It is crucial to look at the channel statistics for selecting the one or several types of cryptocurrencies that are given signals in this channel.
4. The number of funds that you trust to trade (after selecting the exchange, you will see the balance available for this key in the selected currency);
5. The size of one lot or the number of lots. For risk management, it is better to divide the balance into at least ten parts.
6. Click the «Save settings» button.
When you save the settings, it becomes possible to press the “Start” button and start Autofollowing.
After you make the first deals, the “My Statistics” section will display information about your trades:
- Settings, which are currently running Auto-follow on this channel;
- Win/Loss charts and cumulative earnings chart;
- Each trades statistics.
You also have an opportunity to subscribe to several channels and receive returns from different signals, or later choose the most profitable and suitable channel.
AI Columbus Channel
Cryptorobotics trading platform provides traders with an opportunity to subscribe to a new channel of Autofollowing that uses Artificial Intelligence algorithms. This system is capable of predicting the cost of the cryptocurrency for every next hour and make a decision to give a signal at that moment or wait for a favorable trend. With the help of a machine learning algorithm, the system learns to define global and local support as well as resistance levels and movement algorithm. Besides, the algorithm considers the following points like trading volumes, the speed, and dynamics of changes in the motion vectors and calculates the minimum entry point. This system has been trained for more than one year and is ready to trade and bring returns to traders.
If you decide to use the AI Columbus Channel, you need to follow these steps:
- Go to the Cryptorobotics terminal.
- Select the Algotrading tab.
- Click on the Autofollowing.
- Select AI Columbus Futures Channel.
- Buy a subscription to this channel.
Autofollowing is a very convenient trading method that is easy to customize, and it allows you to trade 24/7. Due to Autofollowing, the traders can increase their profits and make the trading process more safe and straightforward.
To get more information about crypto trading and Cryptorobotics platform, you can subscribe to our YouTube channel or telegram channel — @Cryptorobotics.