On Binance Bot
Last updated
Last updated
4C-Trading has come up with an automated trader in the form of a telegram Bot that executes the 4C-Trading signals and executes trades on your behalf. The existence of the bot doesn’t, however, take over control over your trades as you still have the final word on the trades you enter and the trading volume. This control over your trades can be exercised during the Autotrader's set up process.
Setting up the Binance Autotrader requires that you first register with Binance trading platform and generate your API key. Then install Telegram on your device. You then have to join the paid service of 4C-Trading.
The auto-trade function will allow you to buy positions directly when the signal has been sent, if the pair has enough volume in the order book. Otherwise it’s a low volume signal with a buy button. This function can be useful for those who do not have time to follow the channel.
To activate the function, simply go to the Trades settings, click on "auto-trade" and activate the function. From now on, you will follow all trades automatically according to the default strategy or your own.
Before a trading signal is forwarded to 4C-Trading users, it is first vetted by technologically advanced and artificially intelligent algorithmic trading systems and human proofed by equally experienced Binance platform traders. Using the default option when dealing with the Binance Autotrader implies that you enter into a bitcoin trade using the trade settings defined by 4C-Trading. This effectively means that you have the auto-trading option activated and that trades will be executed as soon as they are delivered. To use the feature, you first have to activate it on the Binance trading bot. Click on the 4C bot strategy, tap on the auto-trade icon, and click activate.
The Binance trading Bot also makes it possible for experienced traders to tweak the default trading systems to meet their needs. The bot is quite versatile and allows you to tweak virtually every aspect of trade from the different target price and the percentage of your trade you want to be liquidated at each of these target price levels to the stop loss order.
You also have the option of activating such advanced trading settings as the trailing deviation for the stop loss as well as smart trailing and TX trailing. Similarly, you can also enable break-even price levels as well as decide on the risk filters. While everyone can access and re-configure the default trade settings to their liking, it is not recommended, especially for inexperienced traders. Nonetheless, once complete, your settings will be activated for the trade.
