Review of Optimus Crypto bot on the Cryptorobotics Platform
In the era of digitalization of economic processes, cryptocurrencies have become an integral part of the financial market. With the emergence of various crypto platforms, the need for automated tools for effective asset management has arisen. One such tool is the Optimus crypto bot on the Cryptorobotics platform.
Cryptorobotics offers a user-friendly interface and a set of tools for cryptocurrency trading, while the Optimus crypto bot, in turn, is an advanced tool for automating trading operations. Optimus is designed to maximize profits and minimize risks, making it an attractive choice for traders of various experience levels.
The ability to adapt to changing market conditions, ease of setup, and a high degree of automation make Optimus a very promising solution in the field of crypto trading. This review aims to assess the functional capabilities and effectiveness of the Optimus crypto bot, as well as explore its advantages and disadvantages in the context of the Cryptorobotics platform.
What is the Optimus cryptocurrency bot?
The Optimus cryptocurrency bot, presented on the Cryptorobotics platform, specializes in trading on flat markets. It uses technical analysis indicators to identify flat market conditions and executes trades based on predefined algorithms and oscillators.
Cryptorobotics provides fully automated trading robots, including Optimus, which operate 24/7. This type of robot trades all currency pairs on the selected exchange. The Cryptorobotics platform is designed to automate the process of buying and selling cryptocurrencies on various exchanges, using predefined algorithms and strategies to execute transactions on behalf of the user.
This crypto bot, like other bots on the Cryptorobotics platform, has the ability to automate users' trading strategies, allowing them to take advantage of market opportunities and maximize profits by utilizing the advantages of speed and efficiency of automated trading.
How it Works on the Cryptorobotics Platform
The Optimus crypto bot utilizes the RSI (Relative Strength Index) indicator as the primary signal for initiating trades. When the RSI value is within the range between 30 and 37 or between 50 and 55, the bot receives a signal to begin trading.
During its operation, Optimus employs various strategies to exit a trade. If the algorithmic method is chosen, there are three exit scenarios:
- The first scenario triggers when RSI equals 50 and a certain profit level is reached.
- The second scenario activates when RSI equals 60, considering a minimum profit.
- The third scenario triggers when RSI reaches a mark of 70 and profit matches the set threshold.
Apart from the algorithmic method, users can set up Stop Loss and Take Profit parameters, adding two additional exit points from the trade. One point is activated upon reaching a profit level (Take Profit), and the other at a loss level (Stop Loss).
For optimal bot operation, it is recommended to set up trading charts with intervals of 1H, 2H, and 4H. One of the distinctive features of Optimus is its autonomy: after a brief setup, the bot independently manages the trading process on the selected exchange.
Advantages of Using the Optimus Trading Bot
Utilizing the Optimus trading bot on the Cryptorobotics platform can offer a number of advantages, based on previously provided information and the general benefits of automated cryptocurrency trading:
- Trading Automation: Optimus automates the trading process, allowing users to save time and reduce the necessity of constant market monitoring.
- Technical Analysis: The bot employs technical analysis, particularly the RSI indicator, to determine optimal entry and exit points for trades.
- Multiple Exit Strategies: Optimus offers various exit strategies, including algorithmic scenarios and adjustable Stop Loss and Take Profit parameters.
- Adaptability: Thanks to parameter customization, Optimus can be adapted to specific trading strategies and market conditions.
- Autonomy: After initial setup, Optimus autonomously manages the trading process on the chosen exchange, which can be beneficial for traders with busy schedules.
- Trading Efficiency Improvement: Optimus can help maximize profits and minimize losses through the automatic execution of trading strategies in various market conditions.
- Operating in Various Market Conditions: The bot specializes in trading on flat markets, but thanks to parameter tuning, it can be adapted for operation in other market conditions as well.
- Ease of Setup: Setting up trading parameters and charts with intervals of 1H, 2H, and 4H makes Optimus quite easy to set up and use even for less experienced traders.
Cost of Optimus Bot
The cost of the Optimus bot is $11, or it can be used under a profit-sharing system, making it accessible to a wide range of users. The profit-sharing system can be attractive for those who prefer to share a portion of the profit in exchange for using an advanced trading bot, instead of paying a fixed amount upfront. This can also help lower the initial entry threshold for new users interested in automated cryptocurrency trading on the Cryptorobotics platform.
Additionally, this trading bot is available in all PRO packages on the Cryptorobotics platform. If you choose the Basic PRO or Expert PRO package, you will have access to a wide selection of trading tools respectively, with the usage of the Optimus bot included in these packages.
How to Start Using the Optimus Crypto bot on the Cryptorobotics Platform
To start using the Optimus crypto bot on the Cryptorobotics platform, follow these steps:
- Registration on the Cryptorobotics Platform: Go to the Cryptorobotics website and register by creating an account.
- Package Selection: You can buy a subscription to the bot for $11, purchase a tariff package, or use it under the profit-sharing system.
- Setting Up Optimus Bot: After registration and package selection, go to the section for setting up trading bots on the platform.
- Study and Follow the Setup Recommendations for Optimus: A video tutorial for setting up Optimus is available on YouTube titled "The OPTIMUS Robot setting up guide. Cryptorobotics".
- Setting Up Trading Parameters: Set up the trading parameters according to your preferences and the recommendations for setting up Optimus.
- Activating Optimus: After completing the setup, activate Optimus to start automated trading on the exchange of your choice.
- Monitoring and Optimization: Regularly check the bot's performance and, if necessary, make adjustments to the settings to optimize the results.
