But every time the market goes up something is sold for a profit as you can see. It may just take some more time now and it has reduced my ability to buy certain signals due to lack of funds because of money locked up for the moment. You should not worry too much about red positions, they eventually get sold at profit. Currently Immediate Zenith has no automatic averaging down system to get rid of bags, so you have to do that manually for now and merge the orders yourself. That’s a bit of a hassle for now but I’m sure this will be added in the future.

However, everything is actually quite simple, you will find that getting through the settings is a user-friendly and intuitive process. Mirror trading is when you customize your bots to follow the signals to mirror or copy the trading signals sent out by signalers. Your Hopper will automatically buy the position back once the price goes up again, protecting you from further losses.

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Refer to the dedicated section in our Documentation to find answers to your app-related queries. For those uncertain about trade timings, consider subscribing to trading signals from signalers. Download recommended bot templates and add the suggested currencies to your “Coins and Amounts” in your Config to get started.

• The general emotional conditioning usually needed to be profitable will not be a key factor, as the Immediate Zenith trading botwill do all the heavy lifting.
• You might encounter an error in Immediate Zenith’s onboarding process when connecting to Coinbase even if your API Keys are correct.
• Both platforms can be used for automating crypto trading strategies.
• I’m leaving four stars because the strategies could be much better.
• As you can probably tell from the list these exchanges represent the vast majority of liquidity in the cryptocurrency markets.

To fix this, you can try disabling auto-fill, using incognito mode, using a different browser, or disabling your password manager. For more information, you can watch our Immediate Zenith Academy video on this subject or check our troubleshooting article. The Market Arbitrage bot will look for market inefficiencies within one exchange. Your Hopper will attempt to increase the amount of the coin(s) you have selected as quote coin. It will do this by taking advantage of price differences between the currencies available on your exchange.

Especially when there’s low volume or high volatility in the market. Limit orders are orders for a specific price that usually take longer to get filled. Another buying feature that is available on Immediate Zenith is Dollar Cost Averaging (DCA).

That means your bots shouldn’t have issues with unfilled trades or slippage. At Immediate Zenith, we prioritize helping users verify that their trading bot is correctly configured. The Troubleshooter, accessible in the top menu of your Dashboard, is a recommended tool to periodically check your setup, especially when you’ve just initialized your bot. For in-depth guidance on this feature, refer to our dedicated article. If you still have doubts or need assistance, our support team is readily available via the chat button in the lower right corner of your browser.

TradingView alerts that create a buy or a sell signal are also signals. If your bot isn’t buying, check and see if the minimum amount that you are spending is enough for the exchange to allow. A general rule of thumb is 20 USD, or equivalent in value. When enabled, the bot will not place a new buy order if there is an open position within the current price range for the currency. Fill in the maximum number of open positions per currency. Use this if you don’t want to get stuck with only one currency.

And at the other end of the range you could tell the bot “IF Bitcoin touches $35,000, THEN sell 0.1 BTC”. When you program the Immediate Zenith bot you can think of it in terms of IF/THEN logic. So each instruction is designed as IF something happens, THEN take this action.

At its core, it is an online platform that allows users to access and use an automated trading bot for the cryptocurrency markets. Cryptocurrency automated trading allows bots to place trades on your behalf, using conditions that you’ve set for it. It’s really quite genius, and it takes all of the emotions out of your trading, which is considered to be one of the keys to success in trading any market. Immediate Zenith has an array of tools and functionalities designed to enhance your trading experience. Immediate Zenith is one of the best trading platforms and offers some of the best features for automated crypto trading through its crypto trading bots and other features. Individuals who are looking to grow their assets or manage their portfolios will stand to gain a lot from this trading platform and all of its offerings.

Of course, past performance is never a guarantee of future success, so always be careful when using a bot that’s been created by someone else. You’ll see that most creators will be very clear in what the bot is programmed to do. More importantly, the fundamentals of the bot are transparent, and you can see the historical track record of the bot before you attempt to use it. There’s also a rating system, where prior users of the bot are able to leave feedback, so you can see what others have thought about using any given bot. Consider our earlier example of trading a range in Bitcoin. You could tell the bot “IF Bitcoin touches $30,000, THEN buy 0.1 BTC”.