Bitcoin Trader is a popular automated trading software for investors, that has been copied multiple times. This Bitcoin Trader App software is connected with a variety Crypto CFD brokers, including some licensed brokers like EuropeFX. See the Official Software at: BitcoinTradersApp.com.
We reviewed this bitcoin trading robot software, and immediately noticed how professionally it was made. They actually have a software that you can see how it works before you deposit money.
Bitcoin Traders App Reviews
It is safe to say that the Bitcoin Trader App, 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 Bitcoin Trader randomly assigned us a Crypto currency broker, so we could not use our preferred broker. The software uses a basic trading strategy that is based on technical indicators. We like how it has risk management settings, with 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 Traders 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 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 Crypto software is for Bitcoin CFD’s versus the Euro and the US Dollar. Additionally, you will find trading signals for all the classic feat currency pairs. Investors select 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, demo trading is not real, and will only show profits. 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 Trader 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.
Visit the official website at: BitcoinTradersApp.com.