Bitcoin Trade Bot is Haasbot’s bread and butter bot type. Trade Bots trade based on the combination of indicators, safeties, and insurance that the user sets up. A basic trade bot works by determining if an indicator (or multiple indicators) Signal a buy or sell signal. This signal is then cross-referenced with the current position (bought or sold) that the user is currently in. If the users’ position matches with the signal type, the trade bot will then evaluate the insurance. If an insurance matches the trade signal, such as the trade covering at least the fee costs, then it will then execute a trade on that particular exchange for a number of coins or fiat to trade.

In addition, the trade bot will also evaluate any safeties a user sets up. For instance, if a user sets a “Dynamic Drop Safety,” for a 1% drop over 2 hours, and the market suddenly drops by 1%, the bot will execute a sell to protect the users’ investment and to attempt to buy in lower

Haasbot’s Trade Bot supports both high-frequency trading and trading on long-term trend reversals. It is essentially up to the user to determine how they want to utilize the power of the trade bot’s features.

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