Copy trading on the Cryptorobotics platform is a tool designed for copying the trading operations of professional traders. This algorithmic trading feature allows users to create their trading strategy, making the trading process more efficient and profitable. It operates on the principle of automatically executing the trades of a selected trader, allowing users to leverage their knowledge and experience without the need to analyze cryptocurrency pairs and the market as a whole deeply. This offers the possibility of earning passive income, saving time, and allows for risk management settings to minimize potential losses.
How does Cryptorobotics copy trading work?
Cryptorobotics copy trading operates on the following principle:
- Choosing a trader to copy: Users select experienced traders whose trades they want to copy. This can be based on trading history, success of strategies, and other criteria provided by the platform.
- Automatic copying of trades: After selecting a trader, that trader’s trading operations are automatically copied to the user’s account. When the chosen trader opens or closes a deal, a similar operation automatically occurs in the subscriber’s account.
- Monitoring and management: The platform provides the ability to monitor the results of trade copying in real-time. Users can change copy trading settings, choose other traders to copy, or adjust their strategy at any time.
Cost of copy trading on the Cryptorobotics platform
Using the copy trading feature on the Cryptorobotics platform offers various pricing plans, including free and paid options, to meet the needs of different users.
- Basic PRO ($19 for 1 month): Includes unlimited stop-limit orders and smart orders, one robot with its strategy, an analytics panel, demo trading with robots, the ability to use multi-accounts, as well as all features of the free package.
- Expert PRO ($119 for 1 month): Offers 8 spot robots, 3 futures robots, the Cryptorobotics auto-follow channel, the Cryptorobotics signals channel, the E-Trade copy trading channel, and all features of the Basic package.
- Cryptorobotics also offers a profit-sharing system, which allows users to pay only a percentage of profitable trades. This applies to algorithmic trading tools, including copy trading without needing a PRO package.
Advantages of copy trading on the Cryptorobotics platform
Copy trading on Cryptorobotics offers several advantages:
- Automatic copying of trades from professional traders saves time.
- Access to effective and profitable strategies of successful traders without market analysis.
- Opportunity to earn passive income.
- A simple way to start trading without knowledge of crypto trading.
- Risk management to reduce potential losses.
How to start using copy trading on the Cryptorobotics platform
To start using copy trading on Cryptorobotics, it is necessary to register on the platform, select the “AlgorTrading” function, subscribe to a professional trader’s channel, and activate copy trading. Additionally, a separate account for copying trades is required.
To enhance the user experience, the Cryptorobotics platform incorporates advanced risk management features that allow individuals to set loss limits and take-profit orders, tailoring the copy trading experience to their risk tolerance. This personalization ensures that users can mitigate their exposure to volatile markets, making copy trading a more secure and customizable tool for diversifying their investment portfolio.
