With more traders than ever looking to automate their strategies, we review how users leveraged Quadency's growing bot library in August. As we mentioned in our previous Top Strategies article, we see these insights through the lens of our global user base trading across several exchanges. So today we'll break down the TOP 3 automated strategies used by Quadency traders in August:
The Grid Trader remains one of the most popular strategies since its launch in April. A bull run with increased volatility made it even more appealing with our recent update allowing 60 grid lines to absorb bigger price moves. As seen below, traders who started their Grid Trader with 60 lines with a 0.1% distance were able to catch all the BTC/USDT price moves from the 5th to the 17th.
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The Rebalancer is the latest automated strategy available on Quadency, quickly climbing the ladder within weeks of release. Common in traditional finance, traders use this algo to reduce investment risk, while profiting from larger price movements. For example, traders may take their Defi tokens that are experiencing upswings, and use the hourly rebalance feature to reinvest profits into more stable assets.
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Bollinger Bands have always been one of the most popular indicators used by traders to identify “overbought” or “oversold” conditions. Once again, it proved its efficiency to predict price moves as mentioned in August by its developer, John Bollinger:
While this brief overview was based on the Top 3, honorable mentions once again go to Market Maker Plus and TradingView, which trailed closely behind.
As we release new strategies, we'll also be releasing associated trends and insights each month, so keep on the lookout!
The Grid Trader remains one of the most popular strategies since its launch in April. A bull run with increased volatility made it even more appealing with our recent update allowing 60 grid lines to absorb bigger price moves. As seen below, traders who started their Grid Trader with 60 lines with a 0.1% distance were able to catch all the BTC/USDT price moves from the 5th to the 17th.
Try it now
The Rebalancer is the latest automated strategy available on Quadency, quickly climbing the ladder within weeks of release. Common in traditional finance, traders use this algo to reduce investment risk, while profiting from larger price movements. For example, traders may take their Defi tokens that are experiencing upswings, and use the hourly rebalance feature to reinvest profits into more stable assets.
Learn more
Bollinger Bands have always been one of the most popular indicators used by traders to identify “overbought” or “oversold” conditions. Once again, it proved its efficiency to predict price moves as mentioned in August by its developer, John Bollinger:
While this brief overview was based on the Top 3, honorable mentions once again go to Market Maker Plus and TradingView, which trailed closely behind.
As we release new strategies, we'll also be releasing associated trends and insights each month, so keep on the lookout!
Be sure to join us on Telegram, Discord and Twitter!
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Quadency is a cryptocurrency portfolio management platform that aggregates digital asset exchanges into one easy-to-use interface for traders and investors of all skill levels. Users access simplified automated bot strategies and a 360 portfolio view with a free account.
Disclaimer: The content of this article is for general market education and commentary and is not intended to serve as financial, investment, or any other type of advice.
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