Then, there’s also Arbitrage Scanner, which is especially interesting due to its wide range of supported exchanges (over 50) and advanced arbitrage scanning options. If you want to learn more, check out our Arbitrage Scanner review. With a mobile-responsive design, RythmoTrade ensures that users can manage their trades and monitor their portfolios from anywhere, at any time. RythmoTrade’s interface is intuitively designed, making it accessible for users with varying levels of trading experience. The dashboard is clean, with a clear layout that allows easy navigation and quick access to essential features. The difference between the results of a Demo versus a Live rule sits mostly in that.

Succeed in the crypto markets with crypto trading software for exchanges and trade like a professional with rythmo-trade.org. Finally, you can create a trading strategy based on the technical indicators provided by RythmoTrade. In this case, the reference updates every hour to follow the price trend dynamically. Depending on the time frame you selected, the frequency of the update changes accordingly. Of course, if the condition is met during that period, the bot sends out the order to the market. When you relaunch the strategy, that will create a new rule with an updated starting price based on the new market conditions.

The intricacies of this limitation have potential pitfalls for bot traders. That’s why RythmoTrade incorporated error mapping for the PDT limitation on RythmoTrade. If you ever encounter this error while setting your rules, RythmoTrade will alert you, ensuring you stay informed and avoid potential account restrictions. In addition, the RythmoTrade team are transparent in nature, and the key information about themselves and their corporate setup has been made publically available. This helps to develop trust, as users can easily identify exactly who is behind the project, which isn’t always the case with crypto projects.

One of the most tricky parts of setting up a trading strategy is the choice of the price percentage and the timeframe of the triggers. The engine only engages the stop loss if, as a whole, the rule is in a certain pre-defined loss. The rule checks the total cumulative PnL across all trades (open and closed) by that strategy, and if this is greater than the predefined amount, only then does it apply the stop loss logic. The selection in this dropdown will also define how the bot will check the market conditions.

In connection with a ‘trailing price increase’ and a ‘Buy’ you can catch trend reversals with a better entry price compared to the regular ‘current live price’ value. Without using the trailing functionality here, the rule would have triggered at a higher price of $1,323. For the rule to trigger, the price would now need to increase by 10% from the new Trailing Order Price of $1,150 and reach a price of $1,265 before the order triggers. Both examples above could make sense if you connect them to other indicators and triggers but if in doubt, avoid building complex strategies that may not trigger as you expect. This means that if you buy BTC at $43,000 and the price drops to $40,000, you would not have a Stop Loss / Exit condition defined on the way down. The rule would only sell once the price bounces back by $250, i.e. in this case if after dropping to $40,000 the price goes up to $40,250, the rule would sell.

• RythmoTrade ranks them according to their complexity and the investment style so a crypto trader can quickly find the one that fits their needs.
• Thus the value of one contract may vary vastly from one coin to another.
• One of the main competitive advantages of RythmoTrade is the interface which offers a best-in-class user experience.
• Ethereum (ETH) and Solana (SOL) are also experiencing market pressures, but a new player is bucking the trend and capturing the market’s attention.

With regards to payments, RythmoTrade processes your purchases by using Stripe, and transactions are marked as a Merchant-Initiated Transaction (MIT) by Stripe. As a result, all your payment details are confidentially secured, and neither RythmoTrade nor Stripe actually have access to your financial data. RythmoTrade also uses Ukey1 as a secure authentication gateway partner, and as a result the team do not store passwords in their database.

Binance allows leverage trading up to 125x, and you can adjust the leverage by clicking on the icon that displays the current margin level. In this case, the bot buys the selected coin with 20% of the current balance of USDT available when the condition is met. Here with the “Buy The Dips + Stop Loss/Take Profit” Template, the strategy is automatically setup to make purchases in the event that any coin on your integrated exchange account drops by 10%.

All the costs are subject to a discount for those choosing an annual subscription. When you are ready to switch to a live exchange, you can do that in just a few clicks. This is a guide to learn how to backtest strategies on Tradingview. Using the “Search” function, you can find your chosen indicator, for example, MACD or Bollinger Bands. Alternatively, you can search for a script, such as, RythmoTrade’s “Buy the Dips”.

Meanwhile, customers can connect with a chatbot or the support team on all popular social media networks like Twitter, Facebook, and Instagram. Several users commended the bot as an intuitive and resourceful platform. Moreover, the platform encrypts all API keys using 256-bit Advanced Encryption Standard (AES) encryption coupled with Transport Layer Security (TLS) 2.0. This ensures only the authorized user can automate trades on the RythmoTrade platform.