BTSE is excited to introduce AutoTrader, the next-generation platform for automated trading, simplified for retail investors.
AutoTrader enables users of all levels to quickly invest in thousands of tried-and-tested, automated trading strategies across Bitcoin, Ethereum, and 100+ other cryptocurrencies.
Don’t know which to choose? Sort by highest ROI (earners %) or by trending for the hottest bots.
To accompany this launch, we’ve broken down seven of the most frequently asked questions about AutoTrader.
Q: What is AutoTrader?
A: AutoTrader is the second evolution of copy trading, enabling users to copy not people, but proven trading strategies that are updated daily by professional traders.
AutoTrader is a trading strategy platform that provides traders with thousands of backtested strategies to copy for free. Professional trading teams create working strategies and users can copy the highest performers.
It aims to simplify the trading process enabling users to quickly replicate successful, professional strategies and run multiple bots simultaneously for a seamless and efficient trading experience. Trade in your sleep!
Q: Why should I use AutoTrader over trading futures myself?
A: Trading crypto futures yourself puts you at risk of human error and emotion. On one hand, futures trading can be very rewarding as you can magnify profits by 20x, 50x, or 100x. But on the other hand, futures trading can be very risky as you can very easily lose your entire collateral and get liquidated. Even the most confident traders get liquidated when markets are volatile, and given the unpredictability of crypto markets, the risk will always be there.
Additionally, you have to constantly watch the markets. Your emotions may run high and you may make trades that are illogical in the long run, causing you to either lose money or leave money on the table by selling too early.
Using AutoTrader bots that have been pre-programmed and tested by trading professionals reduces the emotional element associated with day trading and puts your money in the hands of highly disciplined algorithms that are programmed to make outsized gains while protecting your principal.
Q: Why should I use AutoTrader over other copy trading platforms?
AutoTrader is not a copy trading platform. It is a platform of thousands of tested strategies developed by professional trading teams. The traders that we select have decades of experience working at top banks and hedge funds and have been through both bull and bear markets.
In contrast, copy trading platforms put your money in the hands of random influencers and strangers that have not been vetted. They may not even have any financial services experience whatsoever, no stop-loss mechanisms, and nothing to prevent you from getting liquidated.
Additionally, there are rumors of copy traders trading against their own followers, and leaving the field once they’ve made money off of them. After a while, the number of copy trading strategies tend to decrease on other exchanges simply because they’ve either given up or lost interest. Thus, other platforms have to keep recruiting more and more traders to build strategies, and over time the quality goes down.
Q: Will I lose money using AutoTrader?
With futures trading, there is always the risk of losing money. With AutoTrader, however, we build in stop-loss mechanisms to close positions if there’s a sharp increase in volatility and losses. This is because crypto markets are volatile and unpredictable.
With these stop-loss mechanisms, you may lose a portion of your investment, but they are designed to prevent you from getting completely liquidated and losing your entire investment.
Simultaneously, we also have built-in take-profit mechanisms. When your strategy bot earns profits, we take them and put it into your balance so you keep the earnings.
Q: How do I get started using AutoTrader?
You can get started using AutoTrader with just a few simple steps (link). All you have to do is have enough USDT in your spot wallet, depending on how much you’re willing to invest. Then go to the AutoTrader page, and pick which bot you want to invest in.
Q: What kind of AutoTrader strategies can I choose from?
We have over a thousand AutoTrader strategies for the futures markets that we offer on our platform. You can filter strategies by the following factors:
- By token (which token you want to invest in)
- By historical ROI (average return the bot has made for other users)
- By historical P&L (total profits the bot has made for other users)
- By trending (Bots that many users have chosen, which are poised for high performance)
Additionally, you can pick a token and filter through the different bots we offer for each one by the following:
- Bullish (Long) vs. Bearish (Short)- Do you think the market will go up or down.
- Longer vs. Shorter (Length of time that the bot runs for)
- Strategy Type (Growth vs Balanced vs Conservative)
Q: How many AutoTrader bots can I run?
A: You can run up to five bots per market (per token). This means you can run three different long-biased strategies for Bitcoin, and at the same time hedge with two different short-biased strategies for Bitcoin. Across the platform, there is no limit to the number of bots you can run. So you could technically run five different bots for each of the futures contracts on BTSE.
Other AutoTrader Resources
- 3 Reasons Why Your AutoTrader Bot Isn’t Working
- 4 Simple Steps to Launch Your First AutoTrader Bot (Desktop)
- 5 Steps to Launch Your First AutoTrader Trading Bot
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.
Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives. It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.
