Bitcoin Rush is an automated trading software for Forex traders, and there are a few different versions available online.
The Bitcoin Rush software we are reviewing today, located at: TheBitcoinsRush.com connects you with a random Crypto CFD broker, sometimes licensed and many times unlicensed. Many versions of this so called trading app, are just promotional landing pages, without a working algorithm.
Warning to Canadians!
Be careful of offshore / unlicensed brokers! Only use an IIROC regulated broker like ForTrade.
Bitcoin Rush Review
When comparing and choosing an automated trading system, the first item we look for, is the ability to choose a licensed broker. The second thing we look at, are the settings available to configure to algorithm.
The Bitcoins Rush randomly assigned us a Forex CFD broker, so we could not use our preferred broker. The software uses a simple trading strategy, that is based on unknown technical indicators. What makes this product unique, is their risk management settings, which gives you the ability to set a stop-loss and take profits.
You can see in this screenshot below, some of the many configuration options available, see here.
Bitcoin Rush App 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 & Max Concurrent 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 this Robo-Advisor is for various Crypto Currency as the name would suggest. Simply select which Crypto CFD’s you want the robot to trade for you.
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, demo trading is not real, and will only show profits! The purpose of a demo is to show you the features of the software, not true trading signals or results.
Best Crypto CFD Brokers
Bitcoin Rush connects investors with a variety of CFD brokers both unregulated and regulated.
A huge problem with CFD trading 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.
You will find trading signals from TC (Trading Central), built into their web-based trading app. Try a Free Demo at: ForTrade.com.
It is extremely important that you only invest money with a broker that, you have verified is licensed in your country!
Visit the official website at: TheBitcoinsRush.com.