TradeSanta is a cloud-based software focused on the automation of crypto trade. It helps users lay down effective crypto strategies and automates the execution. It offloads traders while allowing high-speed trades around the clock every day. You simply need to create a bot, which will take care of your trading.
TradeSanta is the perfect blend of tech and human interference. It boasts of faster transactions, 100 more orders on average than a human being. It is also highly secure as no transaction would be completed without confirmation from the account holders. Also, since ease of use is one of the core focus areas of the software, it is extremely simple to use. A user just needs an account on any of the compatible exchanges, which are Bitfinex, Binance, Bittrex, and HitBTC.
The application allows you to set up a trading bot in simple steps. After that, you can customize the trading pattern by adjusting the various parameters. You can choose the trading pair, cap upper and lower trading limit, set a trading strategy for the bot, and much more. Depending on choices, the bot will open the deal after it is set up completely and receives a signal from the parameters set. In its official release, the company stated,
When the initial order is executed, and the deal is open, the automated trading bot places the Take Profit order along with several Extra orders. Take profit order is the one that makes a profit at the percentage level set by a user.
TradeSanta is loaded with a few exclusive features, which include:
- Extra orders – Bot places extra order to buy (or sell) more coins at the lower (or higher) price than the price of the First Order, making it possible to get desired take profit with a smaller price recovery in the future.
- Short and long strategies – TradeSanta lets you set short and long strategies for your bot, that lets it cover profit in whichever direction the price goes.
- Technical indicators – which make sure that the bot engages is trading only at an optimal point. Users are allowed to set the optimal point for trade by adjusting Volume filter, Daily filter, and Bollinger signal simultaneously.
- 24×7 Support – TradeSanta operates around the clock, and hence, users also get an anytime-support system. So, if you have any query or confusion in the middle of the night, you don’t need the wait for the sun to get it resolved.
- Smart Order – Smart Order will help if you need to buy or sell large amounts of crypto at certain price level without affecting the market. It splits 1 order into several and keeps them on top of the exchange’s order book. For now, it’s available only for Binance traders.
Though equipped with all the features and benefits, TradeSanta may lure you into starting your bot-trading straightaway, but there is a small catch in it. The bot is a software and not an expert crypto analyst. You yourself need to know the basics of crypto trade to set up the parameters best suited to your needs. Also, it is highly recommended that you spend some time with bot initially to understand it practically.