Bitcoin Forum

Hi,

    I am new to this forum and also new when it comes to bot trading, could someone please advise what type of bot should I use for my hedging needs. What I need is a bot that can guarantee me if BTC falls under a certain price lets say for example 40k I have a short position and to close that position if the price rises again to 40k and than to repeat the process automatically. Unfortunately I can't insert an image to make it more clear

Is anything like that existing ? Are you sure you are not asking for too much ? I don't think there is a guarantee to price in this market. The only guarantee that I know about bitcoin is that it is max of 21 million and it fluctuates. So expecting to have a bot that will determine the range where price will get to , I don't know really but you can monitor that with your indicators and TA.

I hadn't use any trading bots nor I am familiar with it. As a beginner you have to learn how trading works actually. Those are using bots they are quite experienced IMO. Usually I.heared project team use bots for market making to attract new investors. So I will prefer learning trade manually with small funds. And don't invest that you can't afford loss.

You dont need bots for this one since you could able to take these orders or positions on an exchange platform whether you do make out orders on possible price point whether you do set SL or TP

and execute another one.Just like on what others been saying about bot then its not really that good when it comes to be that dependent about bots but if you are really that aware and knowledgeable
on using that then it would really be helpful for automation process but dont expect or anticipate that much.