How do the Diamond Pigs bots work?
Our bots are designed based on a swing trading methodology and not designed as "day trades" bots. In this method, the bots will be looking for an ongoing trend that confirms an expected future "bullish move" in order to take a long (buy) position for each coin.
A "sell" order will be triggered either when the coin falls under a certain price level (also called a "stop-sell" order), confirming that the expected upward trend has not occurred or when the coin price has risen to its optimal price level to take profit and sell the coin. Our SYNAPSE bots do not directly take external events into account. However...significant external events, are usually reflected in market price movements and will be considered by the bots as part of the overall trend. All bots are programmed based on 2h or 4h time frames.
Our AI-driven bots analyse huge amounts of data in order to decide when to enter or exit the market, minimising the risk. Our trading bots use historical data, considering current market conditions and execute trades based on the selected strategy's algorithms and parameters.
As an example, The Duroc strategy focuses on a select group of fundamentally strong coins within the crypto ecosystem, driven by a carefully chosen team of bots with a proven performance record over the past year. The Hereford strategy, on the other hand, is exclusively dedicated to Bitcoin, utilizing several Bitcoin-focused bots for monitoring and management.
Would you like to learn more about how do we select coins?
Check this article.
We conduct periodic webinars where we explain how our bots work. Here you can find a recorded session of one of the webinars. You can also attend one of the upcoming webinars by clicking here.
Related Articles
Why are the bots not too active?
The Diamond Pigs bots are designed based on a swing trading methodology. They are not designed as day-trading bots and will usually not react to any small correction in the market. The bots powering various active strategies are designed using ...
How to use Diamond Pigs HOLD and FIAT strategies?
What's the purpose of HOLD/FIAT strategies in Diamond Pigs? We want to make it easy for you to control your entire portfolio right from Diamond Pigs, so you do not have to keep switching between various platforms. Our HOLD and FIAT strategies make it ...
How Staking Affects your Diamond Pigs Trading
Exchange wallet types overview Every crypto exchange offers different types of wallets, such as: Spot wallet, Staking wallet, Funding wallet, Futures wallet, Earn wallet and more. Diamond Pigs can only trade with the funds that are in your Spot ...
How to pay my Diamond Pigs invoice?
Navigate to the Billing Dashboard To pay your Diamond Pigs invoice you need to either click on the payment link included in your invoice or navigate to the Pay Now button in your Diamond Pigs Billing Dashboard https://members.diamondpigs.com/billing. ...
Can I send crypto from other exchanges to Diamond Pigs?
Your Diamond Pigs account is linked with your exchange wallet. This means we are trading and viewing information directly from your exchange wallet. To deposit funds, you need to send the assets directly to your exchange wallet. Then, Diamond Pigs ...