The cryptocurrency market is open 24 hours a day, every day. This could be a problem for a single trader but we have a team of traders with enough man power to constantly monitor the market.
We are able to place trades in our clients’ exchange accounts thru API Keys with Order rights. The API Key, along with the proper software, allows us to take any trading action in an exchange account.
If we enter a trade it may be for one of the following reasons:
- scalp trade (manual or automatic)
- swing trade (only manual)
- hedge – against dollar devaluation or for a trade that is in the direction of the higher timeframe trend and we are having a correction (only manual)
Each trade, manual or automatic has the Stop-Loss (reduce only) set in place first.
The automatically placed trades are scalps that come from our trading algorithm which has been tested for 6 months before trading with the clients accounts. The algorithm has an accuracy of over 80%, an average profit of 1.3% per trade and it successfully avoids ranging periods. Each trade has a fixed percentage Stop-Loss for safety but it will not be reached. The algorithm will always close the trade before the price reaches the Stop-Loss.