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TagsWhat are the recommended settings for crypto trading bots?
Strand BorregaardDec 30, 2021 · 3 years ago1 answersI'm new to crypto trading bots and I'm wondering what are the recommended settings to use for optimal performance? Can you provide some insights on the best settings to maximize profits and minimize risks?
1 answers
- At BYDFi, we recommend starting with conservative settings for crypto trading bots. This includes setting lower leverage, using stop-loss orders, and avoiding high-frequency trading strategies. It's important to prioritize risk management and protect your capital. As you gain experience and confidence, you can gradually adjust the settings to suit your trading style and risk appetite. Remember to always stay informed about market trends and adjust your settings accordingly. Happy trading!Dec 30, 2021 · 3 years ago
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