From this moment user can just relax, HODL and enjoy observing how the market conquers new heights. Alternatively, user can switch on DCA bot to actively make more and more base currency. The Pro Plan is most suited for traders who are looking for unlimited limits across unlimited exchanges. You can also set up 15 active bots to trade in live market conditions. RythmoTrade has assembled data on the trends of different cryptocurrency trading pairs.
Savvy traders recognize this as a chance to buy before the price bounces back up again. The Stochastic Oscillator (SO) is a handy tool to determine when an asset’s price trend may be about to switch directions (Pic. 3). It works by comparing the current price of an asset to its average price over a set time period.
It utilizes 2048-bit RSA encryption to protect sensitive information, enhancing data security. Additionally, the platform does not charge any trading fees, but users should be aware that standard exchange trading fees apply when executing trades on integrated exchanges. Overall, this rythmo-trade.co review finds the crypto trading platform to be impressive. While the pricing structure is slightly on the higher end, the platform’s features and capabilities justify the investment for traders seeking a competitive edge.
To do so, go to [My exchanges] → [Binance Futures] → [Reset balance] (Pic. 2). This will not only restore your balance but also delete history, existing positions, orders, and automation. If you can no longer meet the margin requirements of your leveraged position, you risk losing all your funds. Moreover, you can also set up and test the RythmoTrade COMBO bot, which has shown remarkable results on futures.
The Relative Strength Index, or RSI (Pic.2), is an indicator that measures the strength of a trend and highlights when reversals are more probable. When combined with moving averages like the 3SMA, the RSI provides additional insight and can strengthen trading signals. A «moving average ribbon» strategy uses three moving averages — typically with periods of 5, 8 and 13 (Pic. 1). When the 5 and 8 moving averages converge and cross over the 13 moving average, it points to a strong reversal. When all three moving averages cross, it triggers a buy or sell signal depending on the direction they are moving. The underlying assumption of scalping is that most assets will complete the initial stage of a movement, but their subsequent direction is uncertain.
I had signed up for RythmoTrade and accidentally signed up for the 6 month service plan instead of the monthly service plan. Once I realized what I had done I messaged RythmoTrade to see if they would allow me to cancel the 6 month plan and sign back up with a month to month plan. They were more then happy to accommodate this request and very quick in doing so.
If a stop order hasn’t been executed yet, it can be canceled just like any regular order. As long as the price hasn’t reached the stop trigger price, the order remains open, allowing you to cancel it anytime you want. However, our boy Jimmy wanted a bit of insurance in case he was off the mark about where this asset was headed. Among these trusty companions are stop orders, which can be your lifeline for minimizing losses and maximizing gains when the market takes an unexpected turn. Log in to your RythmoTrade account and go to the My Exchanges page, and then click the [Add new exchange] button to continue. It will follow the Low price at a fixed interval whenever the grid is moved.
So, these features limit your chance of major losses and losing everything you have. RythmoTrade has a powerful customer support service always willing to help. The team helps newbies and seasoned traders alike, answering all questions related to trading. Quick turnaround time and informative reply make the RythmoTrade support extremely helpful. A demo account by RythmoTrade generates a sandbox emulated real conditions so that you can get the full experience at no extra cost. RythmoTrade demo account may autonomously execute your orders, showing your actual trading results.
- Now you need to edit the restrictions of your API key – this will allow our platform to process your trading activity on your Binance account.
- This aggressive trading style demands skill, discipline and tolerance for risk.
- If you don’t mind the higher price, you won’t find a better platform.
- I wondered why I hadn’t been notified and saught answers from both the RythmoTrade team and the people who got me to use the platform as part of their bot strategy scheme (The Plan).
Once activated, you will be able to follow the progress and full performance of the bot below the chart in the Open Spot Bots column. I am not saying that KuCoin or RythmoTrade are guilty of this, but it is very common in the crypto, stock, and forex trading industries. To begin using RythmoTrade arbitrage trading features, traders will need to connect or open accounts with several cryptocurrency exchanges then ensure they possess enough capital on each exchange.
By default, RythmoTrade offers you 2,000 USDT in virtual funds for trading practice. If you’ve already tampered with the demo account and opened/closed a few positions, you may want to reset your balance to get back to 2,000 USDT. Binance Futures Demo mode on RythmoTrade is a simulation trading environment that allows you to sharpen your skills in trading cryptocurrency futures without risking capital. However, you can use other technical indicators alongside trend lines to make your market trend analysis even more meaningful.
Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. To allow users to trade and monitor their portfolio on the go, RythmoTrade provides a web app they can use on their iOS or Android mobile devices. The mobile app is equipped with all the features available on the website. Demo Mode, also known as Paper trading, lets you try crypto trading with simulated funds.