6:00 AM
Paul B
Automated trading platforms are growing more popular as investors recognize the benefits that come with their adoption. The process of automated crypto trading is simple yet effective. It allows traders and investors to establish specific rules for trade entries and exits that relate to their trading strategies. The moment they confirm these rules, the algorithms do all the work on the traders’ behalf, meaning they buy and sell assets when the time is right.
For investors that want to reduce their trading efforts and minimize the manual labor in the trading process, automated trading platforms are the best ways to do it.
Automation in trading might sound overly complex for some traders, especially when coding is in the picture. However, what many don't know is that learning how to program your strategies is not necessary for some automated platforms.
Superorder Concept
Superorder is a crypto platform for professional traders that want to explore the benefits of automated trading. What this means is that crypto traders can use this feature to build and run their trading strategies, and avoid manual tracing of the market’s price fluctuations.The Ukraine-born and USA-grown automated trading terminal was launched in 2018. Perhaps, the best thing about the platform is that traders don’t need to possess coding abilities, nor any programming languages to make their trading strategies. Instead, Superorder provides users with a convenient strategy editor based on blocks – various order types. They’re used to build specific trading chains that are executed automatically later.
That has to be one of the most positive aspects of automated trading, particularly for day traders. Knowing how difficult following a 24/7 market is, this feature comes as a refreshing advantage and a way to control professional trading and keep a balanced personal life.
How Does It Work?
Automated trading revolves around specific strategies and money management rules that allow the systems to monitor trades with precision, and execute them when the time is right.All automated platforms are not the same, although the main principles that they apply orbit around the idea of establishing rules for the system to automatically execute. Crypto traders and investors decide on the rules, and let the system know when they want to buy coins, and when it would be ideal to sell them to make a profit and minimize losses. The computer remembers these orders and follows the market changes 24/7. When the selling or buying price reaches the parameter that was entered on the system, it executes it.
There can be many different strategies according to the needs of the investors. What’s positive is that Superorder allows users to make a selection of rules and run simulations to test their strategy before applying it on the market.
After registering an account on Superorder, the trader needs to finish connecting his/her profile from the exchange platform that is being used (in this case it’s either Binance, Bittrex, BitMEX or CEX.IO), and start trading by setting up a strategy. Inside their terminal is where they will be doing this, and the interface makes it easy for traders to get around and start their automated trading.
Main Features
Superorder offers several features, and we are going to go over some of the most important ones that make this platform stand out in front of its competitors. Although the company is rather new on the market, they still have a lot to offer.
- Strategy Elements/Building Blocks
One of the problems with most automated trading platforms is that they are somewhat limited to the elements that professional traders can use in their strategies.
Superorder offers nine elements or strategy building blocks, which can be easily located on their interface. They include: limit buy, limit sell, market buy, market sell, stop loss, sell trailing stop, buy trailing stop, and more. There are also conditional elements like tech indicators and forks.
The trailing stops are an advantage because they can be used even if the exchange does not support them. Additionally, there are also conditions called AND Fork, and OR Forks, which allow traders to split their strategy into two paths to make a more complex chain.
- Cross-Exchange Orders
Traders can cross their order on multiple crypto exchanges to get the best experience. The process is as simple as using two blocks in the strategy builder. Moreover, the platform can handle more strategies running simultaneously on the same exchange and across different exchanges and coin pairings.
- User-Friendly Interface
Professional and even new traders shouldn’t encounter any issues with the platform’s interface, considering that it is manageable and easy to use. Even if they do find something that bothers them, users can easily adjust the terminal according to their unique preferences.
- Platform Support
Superoder’s platform support is a bit limited. They do, however, introduce four big names in the industry. Currently, the platform supports Binance, Bittrex, BitMEX, and CEX.IO but the developers are planning on adding Bitfinex, Poloniex, and other exchanges soon.
Traders can synchronize to their chosen exchange, a process that will only take a few seconds and is nicely explained on the platform, step by step.
- Free Trial
For traders that are switching to automated trading, a trial period is a necessity. It’s also an essential feature to determine scams from real trading platforms that help users achieve growth, instead of tricking them to lose their money.It’s an advantage that Superorder implemented a 3-day trial period, which should be enough to see whether the terminal is the right fit for you or not.
Final Thoughts
Superorder is a fitting platform for professional traders who want to take the shortcut leading to profits. It’s an advantage not to be dealing with programming languages as it takes a lot of time for traders to master it if they already haven’t. It's also useful that the platform is customizable and user-friendly.The fact that this automated trading terminal allows easy and simple automated trading, with the opportunity to try it out without paying for two weeks, is certainly a positive aspect and a good sign for traders who want to switch to this type of crypto trading.
Overall, the process of automated trading can be remarkably helpful nowadays, and Superorder is one of the platforms that can successfully provide you with profits, all that while minimizing the manual effort traders would usually put into the process. In other words, professional traders can now enjoy earning profits with less effort.
