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how to trade crypto with trading bots automatically

How to Trade Cryptocurrencies And Begin Using Crypto Bots Successfully.

If you have funds on Yanda it is time to start trading and it’s definitely time to start making more crypto to increase your portfolio profits! 

If you don’t have crypto on your trading account then please read this blog where we show you how by Bitcoin or deposit other cryptocurrencies >> How to buy Bitcoin or Deposit Crypto.

Contents:

- Kick-in price

- Restarts

If you are new on the Yanda trading platform here is a short list to why you should use us for launching Automated Trading Bots and managing your crypto portfolio in the easiest way possible.

In order to use most crypto bot platforms trader must generally:

  • Have to open an account on a crypto exchange, where all the trading activities are made and all the funds are kept
  • Open an account on a Bot provider, where you can give the instructions and launch Automated Trading Bots
  • Choose a membership on the Bot provider
  • Deposit or Buy Cryptos on the exchange
  • Allow the Bot provider to make transactions on the exchange through API keys
  • Set and launch Bots from your provider
  • Manage your funds on your Exchange

These are common steps to take for launching Bots in Crypto markets.

Some people are able to code a Bot by their own or following one of the guides you find on the web, but if you don’t have any coding skill and you are not an expert trader we deeply recommend to use a Bot provider.

Now, to explain clearly the advantages of using Yanda for your automated trading let’s start with a list what you have to do to start:

  • Open an account on Yanda
  • Deposit Cryptos or Buy Bitcoins on Yanda
  • Set and launch Bots on Yanda
  • Manage your funds on Yanda

Can you see the difference with the previous steps?

You don’t need to open multiple accounts on different platforms, the only account with Yanda will be enough.

You don’t need to connect anything with API keys, reducing drastically the chance to give away your data.

You don’t need to pay for any membership, fully optimizing your portfolio value. 

The main advantage is that Yanda allows you to do everything you need in one place, making your life much easier and optimizing your time. 

All of that is now possible thanks to the partnership with Binance, who provides security services, all markets you will find in Binance, Spot trading and funds Deposit/Withdraw.

Everything on Yanda!

 

How can Automated Trading Bots improve my trading activity?

The cryptocurrency markets are open 24/7 and are quite difficult to follow at any time, also the high volatility makes any prediction hard to make. 

Mainly a Bot can place trade orders within a fraction of second and will follow the market constantly, reducing drastically the risks due to the high volatility, nothing that a human being can achieve easily. 

These are the main reasons why Bots are so widely used in the Cryptocurrencies markets around the globe, it can be possible that there are more Bots than real persons doing trading right now, that’s incredible!

The Yanda Automated Trading Bot is designed to be easy to set and understand, even for the less-experienced traders, providing you tutorials and the complete full support from our team through email and social channels.

How to launch a Bot on Yanda

Let’s see now how to launch a Bot on Yanda. 

If you don’t want to read here’s a complete Video Tutorial on how to launch it. 

Here’s a quick demo video showing you exactly how to create an automated crypto bot on the Yanda trading platform. 

To create a Bot first go to “Trading Bot Creator”(1), you’ll find it on the side menu.

How to trade crypto automatically

1.Markets and Balance

The first thing to start with is the market selection, choose the market pair you want to trade with by clicking on the scroll menu(2), select the market(3) and click on it, the balances(4) will be updated after your selection  

How to create a trading bot

The balance box is showing the pair base(5) and the pair quote(6) of the market and for each of them the Reserved(7) and Available(8) balances.

you crypto portfolio, what you have and don't have in your wallet

The pair base is the first currency in the pair, while the pair quote is the second, and the price of the pair base is always calculated in units of the pair quote. 

The Available Balance is the current amount of a specific coin available be invested, and the Reserved Balance is the amount currently invested and locked in orders.

You can only launch a Bot if you have enough Available Balance, check how to add funds on Yanda here >>How to deposit

2.Initial Asset and Investment

Now it’s time to choose what and how much to invest, you can choose to start with pair base or quote, but the amount must be equal or less you Available Balance.

Choose the Initial Asset(9) and Initial Investment(10), be aware that if the amount is not enough an error will be displayed(11) like in the picture below, telling you the minimum investment required for that market.

you crypto portfolio, what you have and don't have in your wallet

2.Initial Asset and Investment

Now it’s time to choose what and how much to invest, you can choose to start with pair base or quote, but the amount must be equal or less you Available Balance.

Choose the Initial Asset(9) and Initial Investment(10), be aware that if the amount is not enough an error will be displayed(11) like in the picture below, telling you the minimum investment required for that market.

Select your initial crypto asset to trade

3.Stop Losses

This feature comes really handy when the market is falling and you are not monitoring it, choose the percentage of your choice, from 5 to 100%, and you are good to go.

How does it work? If the pair base value in quote falls of the percentage you previously selected, then the Bot stops all the activity, reducing the risks and giving you the opportunity to change market.

4.Profits

Now it’s time to choose how much you want to earn with each pair side, select a percentage of your choice and you are good to go. 

Be aware that the minimum profits required are related to the investment amount, higher is the amount and lesser is the profit percentage you can set, an error will be displayed(12) if the percentage is not enough.

Of course, you can set a really big percentage amount, but that doesn’t mean the Bot is going to achieve that goal, lesser profits are more likely to be reached than a bigger one, but this is your choice!v

select the expected base profits on your yanda bot creation page

5.Lock-in and End Asset

Here you have to choose which coin(13) of the pair you want to own at the end of the trading, and the Lock-in profits percentage(14), the Bot will stop trading once it reached the number of profits you selected, from a minimum of 0,1%.

Trading bot cancelation when creating your crypto bot what profits do you want to hit?

6. Advanced Parameters

  • Kick-in Price

With this field you can set the pair base price and the Bot will start trade once the price is reached in the market. Enable the field by clicking here(15) and type the amount(16)

activate you kick in price, this is when you want your crypto bot to start
  • Restarts

Be careful, these fields are just for experienced traders willing to accept higher risks.



After that, you are ready to launch your Bot, click on “Start Trading Bot” and you will see a pop-up

Your bot was create successfully

Congratulations! Now your Bot is running, you can go and have a walk.

Trading View tool and Order Book

When you open the “Trading Bots Creator” section you will find two main tools to help you during the trading activity:

The Order Book

In which you will see the Spread value, and the Bid and Ask columns showed like this

Crypto Market order book

The TradingView Chart

This will be your best friend in the trading analysis and activities, suited for both inexperienced and experienced traders. 

You can make so many actions with this tool that it is impossible to wrap all of them in this tutorial, so why don’t you try by yourself and start to play around with it?

You can use trading view crypto charts to do full crypto analysis before creating a trading bot

Monitoring Bots

Once you have a Bot, or more, running on Yanda you can easily monitor them on the “Trading Bots”(1) section on the side menu.

Here there are two lists, one for Running Bots(2) and one for Closed Bots(3). Each Bot has a Details button(4), from where you can see all the info you need, and a Terminate(5) button if you want to close it.

how to monitor your crypto bot daily

The orders history is kept on the Manual Trading(6) section, once you are on the page scroll down to see both Open Orders(7) and Closed Orders(8)

Open Orders

crypto bot order history

On Open Orders you will see both orders opened manually and orders opened by Bots.

Orders opened manually will be displayed normally with a terminate button.

Orders opened by Bots cannot be cancelled manually, to cancel them you need to close the Bot, all the Details will be displayed as usual on the Details button.

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