Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: canacav on January 05, 2020, 03:37:25 PM
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Power Miner (www power-miner . store) is a Bitcoin trading bot that offers some unique and interesting features, including cloud trading, some social trading options and a large variety of coins/exchanges to trade on/with. Stop losses and trailing stops are especially welcome elements here, as they help you tremendously with risk management. As with any trading bot, youll find conflicting reports regarding its effectiveness, functionality and safety.
Created by two brothers from the Netherlands, one a day trader, and the other an Application developer, this trading bot can brag about having a perfect blend of experience and knowledge both in the worlds of trading/technology behind it from the start. The two merged their ideas, skills, and experiences and created Power Miner
It currently offers integration with the following crypto exchanges:
Huobi premium Power Miner partner
Poloniex
Kraken
Bittrex
Binance
Coinbase Pro
KuCoin
Cryptopia
Bitfinex
Work is apparently being done to integrate the cryptocurrency trading bot with other well known crypto platforms like HitBTC, Cobinhood, Cex.io, Bitstamp and
How Do Power Miner Bitcoin Trading Bots Work?
It is easy. Each bot features a set of parameters and indicators that when they all align will signal the bot to make a sell or a buy of the exchange you prefer. Most times the Bitcoin trading bots are tuned to a specific period. This is an educated guess from the creator on how the market will behave and work in future.
Trading bots are growing in popularity as Bitcoins popularity soars through the roof. With so many individuals depending on the Bitcoin trading bots, more and more developers are coming up with fraudulent software to cheat naïve Bitcoin investors of their hard earned money. With the choosing factors above and the reviews of the best and most trusted Bitcoin trading bots below, you will be well equipped to choose the best crypto trading bot available.
Advantages of Power Miner Bitcoin Trading Bots
Improved Efficiency
With the increased use of the cryptocurrency trading bots, human error is eliminated or minimized, which results in improved accuracy. Trading bots offer constant interaction with the market, which means that you can go to sleep or go about your day and have it do all the work for you. Not only that, but you can adjust it to monitor, analyze, and trade multiple different assets in different markets.
These bots can analyse as many cryptos as you will indicate in their algorithms and work with the number of exchanges you want them to cover. In short, trading bots maximise the profit potential by employing a mechanism that is responsive to market shifts around the clock.
Increased Speed
While a human can take upto a few minutes in order to calculate and recover various formulae, a bot can calculate much faster, sometimes even nanoseconds with accurate results. This feature is of great use when the price of a currency is subject to frequent change. Automated systems have the ability to generate orders as soon as trade criteria are met.
Sometimes, changes in prices are very quick since the prices are constantly fluctuating and investors are often unable to effectively deal with these changes. The advantage of bots is that they can work twenty-four-seven and make it a much faster process, while a trader would have to spend hours together for trading alone.
Emotionless
Automated trading systems minimize or sometimes even completely eradicate emotions, as bots do not possess any emotions, unlike humans. By keeping the emotions in check, traders basically have an easier time sticking to the plan. Besides, trade orders are executed directly after the trade rules have been met, so traders cant undo or question the trade based on emotions.
The bots cant have any doubts or questions- they dont experience frustration, so they are, essentially, better for trading. Automated trading also helps in ensuring that a certain amount of discipline is maintained in order to follow through the trading plan perfectly.
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This is a mining bot not a trading bot and not just that, its notin anyway trustworthy. You will loose your bitcoin if you ever used this program so I don't suggest anyone to use this program