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.
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