Volatility is one of the many aspects of cryptocurrency that is hard to handle, even for seasoned traders. It poses great challenges for starting traders and even for those who already have more experience in the field. More often than not, this puts traders in a disadvantaged position.
In order to better understand the volatile nature of the crypto market, one must have a technically sound and comprehensive, detailed analysis of many different factors that trigger volatility. This sounds a lot of work, but not if you have TrueP&L on your corner. It provides you with advanced trading bots designed to work on analyzing various trade logic and extracting trading parameters from analyzed market conditions.
The TrueP&L automatic trading key points
There are three focuses of the TrueP&L robo-trading mechanisms, namely, signal generation, risk management, and execution.
For a signal generation, TrueP&L turned to the all-reliable and “battle-tested” TradingView platform in order to track prices of crypto assets, analyze such data and send a “signal” for trading to commence or not. In risk management, TrueP&L designed its robo system to move traders away from the pitfalls of bankruptcy. Trading risks are also minimized by granting traders control of the trade amounts. Lastly, strategies for assured profitability are utilized by TrueP&L for the execution of the automatic trades while also managing commissions, slippage, market order limits, and many other small trading aspects.
Addressing questions of security
For automatic trading services, security has always been a concern. TrueP&L addressed that by operating based on the OWASP standards. With this, important user data such as API keys are stored securely and are only used for trading and market analysis. As the system does not store any coins owing to the fact that API keys are used on its exchange platform, there are no deposit funds that might be the target of hacking and other security threats.
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Source: https://bitcoinerx.com/blockchain/truepl-the-must-have-crypto-trading-robo-companion/
