Skip to content

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Automate Your Technical Analysis With TraderPlan

Posted on mei 30, 2018mei 30, 2018 by Blockchain News


The cryptocurrency industry is packed full of trading bots. They are all advertised to do one thing: make you money without you having to do anything. It is a salesman’s dream; deposit your money, hit Start, and collect your profits. For a busy world, the prospect of making returns significantly larger than what you could make in traditional markets is driving more and more people to cryptocurrency trading bots.

What all these ‘set it and forget it’ trading bots do not tell you is that you are missing out on potentially large amounts of profit if you chose a better trading bot. The reason is because the standard practice with these bots is to pool people’s money into large funds, buying and selling on a small set amount of currencies. They collect small profits and disburse them to their users.

This makes them cumbersome and constantly underperforming. Making some money is good, but maximizing your opportunities is better. With an industry where 80% of the daily volume on exchanges is attributed to trading bots, it is no longer about traders who can outsmart the bots, but traders who have the smartest bot.

The underlying problem is a lack of control. With minimal control of your blockfolio, you miss opportunities. Most people rebut with, “Well I don’t have all day to sit and trade. I have things I need to do.” A valid concern. But what if I told you there was a better bot, one that takes only a small amount of time to set or adjust and it would significantly increase your control over your blockfolio?

Welcome to TraderPlan

TraderPlan is one of those rare opportunities for you to have the best of both worlds. Most bots lack control but are extremely easy to use. Advanced trading tools give you total control but take months of learning and training in order to fully realize their potential. TraderPlan’s goal is to marry those two worlds.

The best way to describe TraderPlan is a ‘hands-on trading bot’. With API access to over a half dozen exchanges and to all the trading pairs on those exchanges, you can trade almost any currency available. Even better, TraderPlan has multiple strategies that can be set up, configured, and automated to execute your trading plans precisely.

Those strategies include Target, Pivot, and Straddle, with more features being added in the future. Target and Pivot are pretty straightforward and are pulled directly from traditional markets. You will find that other more complex trading bots use these strategies as well.

The true dark horse in TraderPlan’s arsenal is the Straddle Strategy.

With a Straddle, you first choose a currency pairing (i.e. – BTC/USD). You set target prices for highest limit and lowest limit and a handful of customizable settings and start your strategy. What it does is take advantage of short-term volatility by “straddling” equilibrium between the two target prices.

For example, if BTC is at $8,000, the target prices could be set at $6,000 and $10,000. As the price rises high enough above $8,000, your strategy would sell BTC. As the price falls below $8,000, your strategy would begin to buy BTC. Resulting in the accumulation of more BTC.

This is only one feature of what TraderPlan can do for your blockfolio. It’s important to note that your strategies require a guiding hand. Everyone can benefit from TraderPlan, but Technical Analysis traders should be the most excited.

Technical Analysis

If you trade cryptocurrencies, then you have come across your share of technical analysis (TA). It’s the lifeblood of good traders. Pulled from traditional markets and augmented to be applicable in the digital world, TA is what separates amateurs from the professionals. Not everyone gets it, but if you’re a savvy investor, you have tracked down your share of experts through Twitter and YouTube to help you along the way.

TraderPlan was built by a Developer who has been using and teaching TA for over two decades. He needed to find a way to free up more of his time, so he could be more productive. The result was a program that would automate his TA.

For traders, how valuable is your time? What if you could take the plan you have created and automate it? How many more plans could you make with that newfound time? This is the vision of TraderPlan and led to its slogan, “Plan the Trade, Trade the Plan.” You plan your trades, you configure your bot, and your bot executes your plan precisely how you programmed it.

Community

Currently, TraderPlan lives in Discord, a desktop application that has become a hub for cryptocurrency enthusiasts and developers. A full-functioning website and user interface is currently under development and will be released to TraderPlan users soon. However, the decision to launch TraderPlan in Discord was very simple: community.

With a bot tied to such a strong program like Discord, it provides users with an opportunity to build their own communities of like-minded, intelligent traders. It also gives Discord server owners an opportunity to maximize their promotions and organize people in a way that makes everyone involved better traders.

If you’re interested in building a community with TraderPlan like others have done, you can find more information here.

Currently, there are four major communities that use TraderPlan as their primary form of trading. They have TA experts who post on a daily basis and community members who are constantly planning and executing strategies based off of the information they learn.

When the user interface launches later this summer, Discord will continue to be a meeting place for the community. However, the launch will begin a new chapter for TraderPlan. The usability of the point and click interface will open the door for even more traders to discover the power of TraderPlan.

Your money is important. Do not put it into a program that will not utilize it to its fullest potential. Your time is important. Do not waste it by watching charts for just the right time to execute a trade. Community is important, and knowledge shared is knowledge gained.

TraderPlan wins the title for smartest bot because it has one thing all those others do not: a human touch. That integration of great technology and a guiding hand open up comprehensive blockfolio management to the entire cryptocurrency industry. Now that you know what TraderPlan can offer you, it is time to Plan the Trade and Trade the Plan.

Join us in our Discord Community and put TraderPlan to work for you!


TraderPlan Discord

TraderPlan Website

 

The post Automate Your Technical Analysis With TraderPlan appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Automate Your Technical Analysis With TraderPlan

Ledger Nano X - The secure hardware wallet

Recente berichten

  • KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum
  • KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum
  • The impact of the Credit Suisse bank crisis on the crypto market
  • U.S. IRS explores NFT taxation; seeks public discourse
  • Crypto Exchange Luno Rejigs Leadership Roles as It Seeks to Boost Investor Base, Eyes Public Listing

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©2023 Blockchain News Feed | Design: Newspaperly WordPress Theme