What Is Trade Santa?
Trade Santa is a new cloud software platform that will enable thousands of traders worldwide to automatically conduct crypto trading. This is because the platform automates simple strategies that traders are already conversant with worldwide. In the end, everyone has a chance to make use of the crypto market fluctuations without making it a full-time job. Currently, Trade Santa is free and will stay so for a while.
Trade Santa Automated Crypto Trading Software Features
Trade Santa comes with API keys that only allow the bot to trade. The platform cannot access your funds and even the bots cannot withdraw them. As the user, you are in control of your assets.
Setting up the bot is simple, as it takes only ten minutes. Within that short period, users can configure their trading parameters and automate their strategy. Trade Santa comes with tutorials that guide users through the entire process of setup.
Users can always rely on Santa bots to execute their trading strategy. They can choose a trading pair and set their profit targets. Their trading bot will handle the rest.
Trade Santa Smart Algorithm
According to information published on their website, the Santa crypto trading bot automates crypto trading and enables users to enjoy the following benefits:
- Long and short trading strategies at the same time
- Adjusted orders to insure take profit
- Technical indicators for the bot to open the deal at the best moment
- Unlimited number of bots and trading pairs
How Much Does Trade Santa Cost?
Currently, the Trade Santa platform is free, as the Trade Santa community grows. The platform seeks feedback from interested individuals to help it develop the most intelligent and user-friendly bots for both beginners and experienced traders. The subscription pricing will be set beginning January 1, 2019.
Friendly User Interface
The Trade Santa user interface enables users to review trading pairs and choose the most successful one in a period of 24 hours. Sometimes it could be within 6 or 12-hour trading period for a more immediate analysis.
Besides, the platform comes with a dashboard that provides a summary of how the bots are performing. In addition to showing the profits, traders are able to view the deals currently in progress, their BTC balance, as well as the USD/BTC exchange rate. Importantly, the platform provides support through its Telegram community. It also has a live chat service on its website, commonly known as the “Santa’s Helper.”
A Word Of Caution
While automation can have its benefits, it has its share of downsides too. Many experts caution against complete reliance on automation. This is because programmed bots cannot react to actual news, especially on social media such as tweets, which can alter a coin’s price significantly.
In addition, it’s difficult to obtain the right results without extensive back testing in which traders apply the strategies to historical data in order to determine what the outcome could be in the past. However, even in that situation, it’s still not easy to determine the right results.
Trade Santa Conclusion
Overall, the Trade Santa has a strong team that is committed to achieving its objectives. Supported currencies include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Ripple (XRP). At the same time, supported exchanges include Poloniex, Bitfinex, Binance, KuCoin, Bittrex, and HitBtc.