Bitcoin Trade Robot is a new automated trading robot for Bitcoins, that officially opened in January 2018. The Bitcoin Trade Robot is connected with many Crypto CFD brokers including some of the best licensed Forex brokers like iTrader and OTCapital.
We reviewed this bitcoin robot software and immediately noticed how professionally it was made. They took a no nonsense approach when they created it, and we like that there are no flashy videos, or promises of huge profits. Look at their website: BitcoinTradeRobot.com.
Bitcoin Trade Robot Review
It is safe to say that the Bitcoin Trade Robot is one of the nicest Bitcoin robots we have reviewed in a long time. When comparing and choosing an automated trading system, the first item we look for is the ability to choose a licensed broker, and the second thing we look at are the settings available for us to configure.
The software comes with four trading strategies based on commonly used technical indicators, and we really love the risk management settings. The ability to set a stop loss and take profits is unique among trading robots.
You can see in this screenshot below, some of the many configuration options available.
Bitcoin Trade Robot Settings
Risk Management: The 6 risk management settings are there to let you control your default trade size and minimize losses from bad signals. It is always smart to set the Max Daily Trades number very low. We have seen trading systems that can generate 100 trades in one hour. The Max Concurrent Trades setting is for you to limit, how many open trades are happening at the same time.
Asset Selection: The signals generated by the software are available on either $BTCUSD or $BTCEUR. You can choose which underlying assets the robot will open positions on. The reason asset selection is so important is because, an algorithm can sometimes work well during normal trading conditions, but will have bad results during volatile markets.
Demo Trading: You will be able to take a tour of the trading software once you are inside the trading room. Just remember, that demo trading is not real, and it always shows a profit. Their purpose of a demo is to show you the features of the software, but not the true trading signals or results.
Choice of Crypto Brokers
Bitcoin Trade Robot connects with a variety of brokers both unregulated and regulated.
A huge problem with trading bitcoins are the many scam brokers that steal your money, and are not regulated by a government authority. Many trading robots we have reviewed looked good, but they do not work with licensed brokers which means they are a scam.
It is extremely important that you only invest money, with a broker that you have verified is licensed in your country.
Go visit the official site: http://BitcoinTradeRobot.com.