Of course, nothing can be 100% perfect, so there are still some drawbacks that traders should consider before using automated crypto trading software.

Trading bots are made to follow a predetermined set of instructions, which makes them useless in highly volatile markets where prices move too fast and unpredictably for the programs to follow. In these cases, it is better to switch to manual trading and use a psychology-driven strategy to capitalize on market volatility.

Automated trading systems can work 24/7. However, they aren’t safe from disruptions in the Internet connection or power outages. You as a trader should stand by in case these events occur to quickly correct whatever errors your bot may experience as a result.

There are a variety of different trading strategies that you can apply to your automated crypto trading system. However, before implementing a strategy, it is crucial to back test it. Back testing shows whether a strategy is strong or not by using historical data to test it. If by the end of back testing the strategy brings more profits than losses, then it can be used on the real market next. As for what strategies to use while using automated crypto trading systems, here are some of the most popular ones that you can incorporate in your trading:

Despite some imperfections, automated crypto trading is a great alternative to manual trading. Trading bots are incredibly time-efficient and reliable, they can help you achieve the results that you never thought were possible and maximize your trading profits. If you want to automate your crypto trading with FBS, you can use Meta Trader 5 to do that. MT5 offers an EA as well as supports trading bots. In addition to that, you can set up your own VPS. This is a special tool that allows you to stay online without interruptions even if you normally don’t have a stable Internet connection. It’s a must for automated trading because being able to connect seamlessly to the platform and send quick signals is crucial for successful trades.