BOTS styles - What different styles of bots can be added to the BOTS app
What different styles of bots can be added to the BOTS app and how do they work? All types will be discussed in this article.
Buy and Hold
The bot where the user is in full control. The bots from this category buy the selected cryptocurrency and hold it until it is closed. This way, the user is in control of getting in or out.
Full AI Trading
Full AI Trading is a bot that has been completely programmed by Artificial Intelligence.
Mathematical Model-based is a bot that utilizes sophisticated mathematics to compute the best time to trade based only on the numbers.
Oscillator-based is a bot that uses a technical analysis tool called an Oscillator to select entries and exits. The two extremes are set (low and high), and a trend indicator is used to see whether the extremes have been crossed.
Portfolio-Rebalancer is a bot that uses algorithms to diversify your capital across various assets without having too much exposure to any individual one. This is an excellent method to balance risk across investments.
Trend Trading is a bot that is constantly monitoring the market for new trends. When it has found a trend, it enters and exits as soon as the trend ends.