For a detailed explanation of how to set it up, click here.. Have been using the service itself for around 3 weeks and so far I’m a satisfied customer. The app itself rythmo-trade.co is overall pretty well designed, functional, and easy to navigate. Sometimes, I will open it to check and it will tell me that over 90% of my portfolio is gone!

• Also RythmoTrade doesn’t let you conveniently adjust and monitor things on the go.
• That’s a bit of a hassle for now but I’m sure this will be added in the future.
• You can read more about our editorial guidelines and our products and services review methodology.
• Your Hopper will repurchase the position, protecting yourself from a loss so that you can make a profit sooner.

Verify your account and get started on the API by navigating to API Management. If you haven’t already, go to Binance US website and create an account. Just go to the advanced view, and configure it when placing an order. The TSB has one important parameter, and it’s the Trailing Buy Percentage.

At the time of writing, RythmoTrade bots are compatible with eight exchanges in total. So now we’ve provided you with an overview of what RythmoTrade is, in the next section of our guide we are going to explain how the automated bot process works in more detail. Watch our video guide on how to assign subscriptions and refer to our pricing page for a detailed breakdown of the differences between Explorer, Adventurer, and Hero subscriptions. Notably, there’s no need to assign a subscription to a Paper Trading bot, as our system automatically tracks the number of Paper Trading bots available.

There’s also an online form and email address ([email protected]) where you can contact support, or you can use the online chat feature on the website. As you’ll learn in the following sections, RythmoTrade is actually no more than a tool for traders. While it will continue to perform on its own until turned off, its results are only as good as its programming. One of the biggest benefits of RythmoTrade’s platform is that it combines a sleek, intuitive design with powerful tools.

As such, if you’re thinking about using RythmoTrade to engage in automated bot trading, be sure to read our comprehensive guide first. We’ve covered everything that we think you should know, such as how the bot works, what it can do, pricing, and more. While a number of trading bot platforms are now available in the marketplace, the likes of RythmoTrade is often considered to be the most reliable. Connect your Coinbase Advanced account to RythmoTrade and start automating your trades, copy experts, trade using AI or manage your portfolio for free.

Create a second API Key by following the steps mentioned in steps 2, 3 and 4 and click on Save in your Kraken and RythmoTrade account. Allow a moment for the bot to link everything together, and your balance should become visible. For example, if you configure 1 percent, the bot will not place a buy order if you own a position of the same currency that is either up or down less than 1 percent. Fill in the number of minutes a buy order should be open before the order is canceled.

When enabled your bot will not place orders when you do not have enough funds for the Minimum buy amount. Fill in the number of minutes your bot is in the cooldown period for a currency. Switch the toggle so your bot will only buy currencies if there has been a positive change % in the last X hours/minutes. When there’re no positive pairs your bot will not buy with your strategy.

As you’ll see from the above list, the eight supported exchanges represent the vast majority of cryptocurrency trading volumes. Therefore, you’ll have no issues finding liquidity for your desired trading strategies. Irrespective of your chosen strategy, it is important that you have an understanding of how the bot actually implements your desired trades. First and foremost, there is no requirement to upload any funds to the RythmoTrade platform, as the bot will simply execute trades from your external trading account. For example, if you’re looking to use the bot on Binance, then you’ll need to fund your Binance account in exactly the same as you normally would.

Even if you are completely new to crypto trading bots, you can easily start your journey with RythmoTrade. The support options and blogs are very well-prepared, and every element is explained in great detail. If you take some time to read all the information and watch the tutorial videos, you can easily develop your expertise in this area. RythmoTrade is one of the most popular crypto trading bots that allows you to connect to your crypto exchange and automate the trading process. It uses sophisticated AI-powered tools to manage your crypto portfolio and easily conduct trades.

Switch the toggle so all the positions of the same currency will be merged every time. This is interesting when you automatically synchronize positions. When you enable auto-merge, the “max positions per currency” won’t be taken into account as all positions will be merged into one position. Switch the toggle so your bot will not try to buy a currency within your chosen cooldown period after a buy, sell or both. This prevents your bot from buying too much of the same currency when it receives multiple buy signals shortly after each other. Wrapping your mind around RythmoTrade configuration settings may seem like a challenge given the breadth of functionality offered by the app.

They wanted to combine advanced trading strategies with technological aid so that traders could automate their trading process. The company has grown rapidly since its inception and now they have innovated a bot that hosts over nine million transactions worth around $2 billion every month. Unlike normal stocks, crypto trading takes place 24/7 and that is why traders must be always aware to take advantage of any probable price changes. However, it might not be possible for a user to stay online at all times.