Exploring How Cornix Supports Automated Crypto Trading
Dear KuCoin Users,
We are thrilled to enhance our broker partnership with Cornix. By harnessing automated trading bots and incorporating strategies developed by expert traders, Cornix has developed a highly effective platform that can allow ordinary traders to outperform the market.
Cornix provides automated crypto trading with various products to suit novices and pros. Trading bots can be set up in minutes, and trading strategies can be implemented from thousands available. After browsing signal channels to find a group that aligns with your trading strategy, Cornix will automate the trades, which can be monitored and optimized.
Cornix offers various features packaged within a clean interface that prevents information overload. Cornix's Advanced trading allows Copy Trading (expert trading groups), Bot Trading, Trading terminal, and more.
Copy Trading Expert Trading Groups
Crypto trading isn’t easy. While anyone can make money in a bull market, as the adage goes, it’s a different story when the market is moving sideways or stuck in a prolonged bear. Just a fraction of all crypto traders can grind out a living come rain or shine, green candles or red. These experts are the pros, and the long tail of aspiring crypto traders could learn a lot from them. With copy-trading expert trading groups, Cornix allows less experienced players to do just that.
Copy trading allows users to select a trading strategy designed by a professional trader or trading group. These guys – and girls – have developed an edge, and the very best turn a consistent profit, even during trying market conditions. Copying them provides a shortcut to mastering the markets.
With Cornix, copy trading expert trading groups can be done manually or automatically. If it’s manual, you’re executing the orders by reacting to what the pros are doing. If you select the automatic option, Cornix’s signal providers marketplace will furnish you with strategies galore from some of the best traders. This allows you to emulate the trades of expert groups that supply community trading insights. Implement them, and they’ll take care of the trading on your behalf, freeing you to monitor and make the occasional adjustment.
Bots Upon Bots
The other service that Cornix specializes in besides copy trading is Advanced automated bots. There’s a bot for everything in crypto, and the Cornix platform packs a broad range of them to fulfill specific trading tasks.
Cornix offers three types of bots, each of which can be utilized by novice traders: no coding required.
Grid Bot: These are bots designed to capitalize on small price movements that are a constant in crypto markets. This sideways action is ideally suited to a grid bot, which can be programmed to buy and sell within predefined price ranges. By repeating this process repeatedly, a grid bot can accrue small profits that quickly stack up.
DCA Bot: Dollar Cost Averaging is a system for gradually building a portfolio of crypto assets through regular small buys. The idea is that the average entry price is evened out by buying regularly. Cornix’s Advanced DCA bots automate this process, with the bot executing buys when the entry price is favorable.
You can create your own DCA bot or copy a public one created by others in seconds using selectable filters and track its performance over time. The bot can be programmed to sell for profit when the price increases. It will then start a new trading cycle whenever a trade is closed through take profit or stop-loss being triggered.
Unlock the synergy between TradingView and Cornix's cutting-edge trading automation. Cornix TradingView bots empower traders to implement sophisticated trading configurations and automation seamlessly into their TradingView alerts.
Harness the power of your own alerts or trusted Pine scripts, or simply replicate those you have confidence in. Whether you're tracking the insights of a TradingView TA expert or have meticulously crafted your set of indicators, seamlessly integrate them with Cornix to ensure you never miss a trading opportunity.
Craft intricate strategies encompassing Entry, Take-profit, and Stop orders, supported by the ability to manage multiple concurrent orders. Set conditional targets, implement trailing configurations, and delve into advanced settings designed to mitigate risk and schedule your trades precisely.
Trading Terminal:
For traders who know their way around a terminal, understand order types, and can read a chart, Cornix offers a whole lot more. The jumping-off point for those determined to dive more profoundly is the Cornix Trading Terminal. This allows users to set up complex order types to execute and close out when specific market conditions are reached. The beauty of using the Trading Terminal is that orders can be set up on multiple exchanges, with the terminal serving as the war room where the action is monitored and strategy adjusted.
As users become comfortable with Cornix’s core features, they’ll want to explore more advanced features, not least because of the granular precision this can provide. For example, you can use hedging to reduce risk by simultaneously taking an opposite position in a related asset or setting trailing orders activated when a specific price point is reached. A limit order will then be set according to the price action that follows this trigger being started. You can also refine your trading strategies by making use of optimized configurations. Once you’ve gotten to grips with Cornix’s primary feature set, there are many advanced trading options to explore.
Set up and start using Cornix today!
Thanks
The KuCoin Broker Team
#bot trading #KuCoinAcademy
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