Should the down trend now reverse and BTC go up by $250 to $42,250, the rule will buy back 100% of the amount you sold. You set your trailing stop at $250 below the current market level, so at $45,200. Looking at the price chart you can verify when the rule should trigger. Finally, you have to copy/paste both the API Key and the Secret Key in the “Exchanges” section of your Immediate Zenith account. Remember, Immediate Zenith doesn’t need any withdrawal permissions, so for your own security, you don’t have to select this option. Learn more about how to connect your Coinbase Advanced Trade account to Immediate Zenith in this article.
Behind Bitget is a group of early adopters who believe in a blockchain-based future. Since 2018 they have built an exchange committed to helping users trade smarter by providing a secure, one-stop shop for crypto investment solutions. With a limit order you can set up a maximum (or minimum) price you are willing to get executed when buying Immediate Zenith (or selling). So if you send a market order to buy 1 Ethereum, your order will be executed at the cheapest ask price quoted in that given moment. When using a market order, you might end up buying at a higher price than expected. That depends on the size of your order and the liquidity of the market in terms of available-to-trade coins.
The most important step is an in-depth assessment of the market conditions, followed by defining the tools that should best fit those specific conditions. Immediate Zenith offers a decent lineup of exchanges and features that makes it a good option for automated trading of a portfolio. Nevertheless, its limited coin support makes it unsuitable for sophisticated investors. Platforms like Shrimpy thrive in this regard as they connect to DEX platforms like UniSwap for more extensive trading options. There are three major options – Rules, Exchanges, and Settings. The Rules tab is the home page, showing all the IFTTT rules investors can use to implement their own automated trading rules and processes.
You only need to select the coin to buy or sell and the base wallet to use for the transaction, the bot selects the trading pair automatically and sends out the instruction as a market order. That saves a significant amount of time when you want to rebalance your portfolio manually. Even if the bot runs heavy calculations when more coins are added to the strategy, that doesn’t seem to slow down the triggers and the executions.
- As final step, you have to copy/paste both your API Key and Private Key in the Exchanges section of your Immediate Zenith account with Coinbase selected.
- Depending on the time frame you selected, the frequency of the update changes accordingly.
- This review covers one of the most popular automated trading bots, Immediate Zenith.
- You can set up the price-margin on the settings page to apply to your limit order to adjust the likelihood of executing trades according to your preferences.
- It measures the strength of the price trend over a defined period.
This combined contrarian and trend-following strategy buys on reversing weakness in the RSI when supported by strength in the MAs. This article runs through some complex rules to lay out how the rule logic works and also covers some common misconceptions. Now, you can join contests, ace quizzes, read exclusive crypto insights, and unlock your potential in the cryptocurrency world with us. Undeterred by the SEC’s rebuttal, Coinbase has turned to the legal arena, seeking permission from the court to appeal. Central to Coinbase’s argument is the contention that the Howey test, designed for traditional securities, may not be applicable to digital assets—a point vehemently contested by the SEC. The name is ScapesMania and it’s where casual gaming meets blockchain to create a world of endless possibilities.
Here, the rule will buy $1,000 of BTC once BTC gets to $43,000. This will then trigger the Trailing Stop of $250 below the buy price of $43,000. However, if BTC continues to go up, the Trailing Stop will follow.
You can also click on the “Timer” tab to configure how you would like to schedule your trades. As a result, Immediate Zenith can still be considered as an emerging trading solution and is in the process of developing its community and growing as a cryptocurrency trading solution. If you are wondering whether or not now it’s a good time to buy crypto, starting to accumulate with a DCA approach may help you decide. Beyond the approximately 200+ templated strategies, Immediate Zenith gives you the ability to customize strategies.
In this way, you can set up a maximum (or minimum) price for buying (or selling), so you won’t trade at unexpected prices. The time frame defines the periods that are used for the calculation of the MAs. If you set the condition to run based on the MA-50 in a time frame of one hour, the bot will calculate the average of the previous 50 hours.
Immediate Zenith’s support team is also extremely responsive via Live Chat and email. Users can create advanced trading systems connecting different conditions using intuitive operators. Thanks to the strategy editor, virtually every trading system becomes achievable. Whether you’re considering Immediate Zenith for the first time or seeking a deeper understanding of its features, our analysis is designed to answer your most pressing questions. Stay tuned as we unravel the details in this Immediate Zenith review, helping you navigate the complexities of cryptocurrency trading with greater confidence.
Of course, the closest your limit price will be to the current market conditions, the higher the chances of trading the coins. Even in times of severe bear market, it is possible to find some good opportunities among all the projects out there. This strategy, on average, manages to close trades within one day, meaning that you are not exposed to the risk of holding that coin for long. In this way, market conditions affect much less the overall performance of the trading system. One of the most critical aspects of building a successful trading strategy is to optimize the timeframe of your trading strategy to fit the market conditions. The logic of a strategy could be correct, and it could produce good results, but optimizing the setup allows you to achieve much better performances.
The dashboard shows all your balanced on the connected exchanges. If you don’t want to make a trading strategy from scratch, you can choose from the templates. These orders allow you to set a minimum and maximum price for buying and selling. A margin can be set to increase or reduce the possibility of trade execution. We are continually working on adding more features and integrations to make your trading experience on Immediate Zenith seamless and profitable. A market order is filled immediately at the best available market conditions at the moment of reaching the order book of the exchange.
