While economies worldwide were hit hard by the Covid-19 pandemic and are still reeling from its after-effects, the crypto industry has been one of the few to see a positive demand shock across geographies. According to Fortune Business Insights, the global crypto industry is set to grow at a CAGR of 11.1%, from $910.3 million in 2021 to $1,902.5 million in 2028. And despite proposals for regulations and outright bans in some jurisdictions, cryptocurrencies have continued to skyrocket in value.
A large part of the planet is betting on cryptocurrencies as the currency of the future, and supporters and enthusiasts are flocking to get hold of them before they become any more valuable. With the potential to make huge profits in a significantly shorter space of time than other standard investments like stocks or bonds, it’s no shocker that people are now getting into crypto trading more than ever. This volatility, however, is also one of its major drawbacks.
Cryptocurrencies are infamous for their dramatic price movements that can occur within the space of a few seconds or minutes. Moreover, since cryptocurrency markets operate 24/7, traders are inevitably required to monitor crypto exchanges across the globe at all times. This causes difficulties for most traders to react to market fluctuations promptly. Slowdowns in crypto exchanges and transaction delays aggravate the matter even further.
This is where trading bots come in. Crypto trading bots are essentially automated trading systems that trade on behalf of traders and investors. When certain conditions for trade are satisfied, they allow traders to execute trades automatically. Trading bots are especially useful in a highly volatile market like the crypto market since they are more efficient and make fewer human errors.
Delta Exchange, one of the world’s leading crypto derivatives exchanges, offers advanced Robo Trading strategies that help investors actively trade in the crypto markets and make profits. Here’s a look at the various types of Robo Trading strategies available on Delta Exchange. Some of these strategies also offer users additional; rewards in DETO – the utility token of Delta Exchange.
- Top 20 momentum
The Top 20 momentum strategy trades in the top 20 cryptocurrencies, which are chosen on the basis of their market capitalization. This strategy takes long or short directional positions based on short-term price momentum. Subscribers can also earn DETO rewards up to 3000 per day.
- Top 2 momentum
Similar to the Top 20 momentum strategy, the Top 2 momentum strategy trades in BTC and ETH only – the top 2 cryptos based on market cap.
- BTC momentum
This strategy can be used solely for BTC inverse perpetual and has given returns of around 6.50% since inception. The strategy also takes long or short positions on the basis of price momentum.
- ALTBTC momentum
The ALTBTC momentum strategy provides returns of around 1.80% and trades in top altcoin pairs.
- DeFi momentum
This momentum strategy trades in the top DeFi assets which are chosen on the basis of their market capitalization. Generally expected to perform well in a volatile and trending market, this strategy maximizes the holding period for profitable trades and minimizes it for losing trades. This helps to improve performance while reducing drawdown.
- Large Cap AMM
The Large Cap AMM strategy is particularly designed for a relatively lower risk profile and primarily aims to minimize drawdowns. Being an AMM (Automated Market Maker), this strategy aims to make profits by providing liquidity on the books of coins like BTCUSDT and ETHUSDT, which have a significantly large market capitalization. Users are also eligible for DETO rewards under this strategy. In proportion to their ownership of the units outstanding, 17500 DETO/day are distributed to subscribers.
- BTCUSD AMM
The BTCUSD AMM strategy aims to deliver bids and offers to order books on BTCUSD inverse contracts. Users should be aware, however, that contributions to this strategy may only be made in BTC. DETO rewards include 2000 DETO per day.
- Cash Future Arbitrage
This strategy enables investors and traders to profit from the premium offered by BTC and ETH futures over their spot market prices. Traders may also use the strategy to earn funds by trading perpetuals and spot pairs in a market-neutral setup. Under this strategy, 3275 DETO/day are distributed to subscribers as DETO rewards.
There’s no doubt that crypto trading bots are here to make your crypto journey easier. Take it a step further with Robo Trading strategies from Delta Exchange to enhance your trading game.