Overview of Smart Trade from the TOP-3 Automated Trading Services
Today, there is already enough software for automating trading on crypto exchanges. Algorithmic trading, bots for cryptocurrency trading, smart trade — are just a small part of the functionality that trading terminals provide us. And while not everyone trusts bots, one can "modernize" their own strategy using Smart Trade.
In short, Smart Trade is a feature that allows for more effective cryptocurrency trading by implementing and executing certain automated scenarios through specialized software.
Let's break down a few commands that provide such opportunities:
Smart Trade from 3Commas
When talking about crypto trading software, the first name that comes to mind is 3commas. The Smart Trade page features functions like Take Profit, Smart Sell, Stop Loss, which will place your order at the right moment without freezing your funds. There is also the option to set trailing and stop loss timeout in case of sharp pumps and dumps.
Recently, 3commas also added the ability for simple buying and selling without creating a task, as well as a "buyback" feature. The creators call it the "analog of shorting," which raises a controversial question. After all, with shorting, we earn specifically from a price drop, whereas with buyback below — we only profit when the price rises again. Additionally, the software does not have the option to average down a trade.
How much does it cost?
Subscription price — from $29 to $99 depending on the functionality.
Newcomer to the market - Trade-Mate.io
Bonus link from CryptoSliva for a 20% discount - https://trade-mate.io/
Trade-Mate.io - A relatively new project that, in my opinion, deserves attention. Like 3commas, it also has standard functions such as Take Profit, Stop Loss, and Trailing.
Trade-Mate has the ability to set limit or market orders, as well as a delayed order function (stop limit).
A competitive advantage is the trailing staircase feature, where your stop loss automatically moves up a step when the take profit is reached. This way, you can set takes slightly below important resistance levels, and in unforeseen situations — close the trade at breakeven.
An interesting solution is also the TradingView chart, where you can manually "drag" the stop loss and take profit levels. It's very visual and "addictive." There is also the option to average down a trade, which automatically recalculates the purchase level.
How much does it cost?
Subscription price — $15 per month.
Traderbox
Traderbox.io - Another participant in our review — Trader Box. Unfortunately, it does not have a separate Smart Trade tab, and you have to constantly watch the flickering quotes.
This platform has the standard functionality for setting Take Profit and Stop Loss. It also has a trailing feature.
On the positive side, it offers an order book (I have only seen this feature with them), as sometimes it is useful to look at and understand the situation of asks and bids in the market.
How much does it cost?
Subscription price — 690 rubles per month.