Trading is a very time-consuming affair. I have been trading since 2016 and there have been times when I’ve spent 10-12 hours of the day glued to the computer screen, analyzing charts, going through the chats in trading forums and groups to find the hottest coins to trade, monitor their performance and all that jazz.
As time went by, and with more experience, I began reducing the time I spend on these and focused on more productive and efficient style of trading (I do position and swing trading rather than day trading) and that’s worked for me quite well. However, as content producer and a writer I tend to have less and less time for everything I’m doing these days, so automation is key to my success and having more time to juggle personal and professional life, so naturally, I’m automating everything I can. Which is why I have been looking for a decent trading bot service.
I tried a few bots over the last 3 years – some were decent, others were quite frankly, deplorable. I realized that setting up my own bots requires a lot of tweaking, often on a daily basis, which in the end is not that different to trading manually, so I stopped using them. They weren’t cheap either.
Fast forward to 2020 when I found Mudrex. A service that comes with loads of pre-set bots that you can just plug into and you don’t have to do any of the heavy lifting (meaning, you don’t have to do all the setups and programming). You can, of course, program your own bots, if that’s what you want to do. In my case, I just opted for 5 bots that have already been programmed by other users of this service and I could track their performance and see their stats, which makes all the difference.
I have been testing these since Dec 2020, and in this video I show you the progress of my 5 bots and give you an overview of how this works.
The best part is that with this service you are in full control of your money. Unlike many other services, where you might be required to invest your crypto in an automated system and give up ownership until you withdraw it back (which often doesn’t happen as the system turns out to be a fraud), here you connect your exchange API keys to the service provider, you only give permission to trade and NOT to withdraw, so your money stays in your exchange account.
Another huge plus, is that the fees are small and you only pay if the bot returns a profit. You actually pay a percentage of your profit and this fee is split between the service provider (Mudrex) and the person who programmed the bot, which is fair play.
This means: No Profit, No Charge.
In a follow up video (and post) I will explain more about how this works but all in all, it is very intuitive and simplified, so I’m sure you will get the hang of it in less than a day.
Just scroll through the bots they have listed and check their performance stats to pick the one(s) that you want to try.
You will need to add some funds in your Mudrex account to cover the fees as they cannot be taken out of your exchange account, so this is important to note. Another thing I want to point out, is that you’re given $25 signup bonus with my invite link, so you can use this to cover some of your fees while you’re testing the service.
For connecting your exchange account, you can refer to this guide: https://support.mudrex.com/hc/en-us/articles/360050140112-Connecting-your-exchange-with-Mudrex
If you still have more questions about this service, leave a comment below or contact me on social media.
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The information contained in this article is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this video reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.
All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.
Crypto Jargon A-Z is the most comprehensive crypto dictionary (glossary) of all the terms, acronyms and slang that you will find in crypto guides, videos, articles and social media posts. Get more than 1000 terms compiled and defined in a simple way, and enhance your knowledge and understanding of the jargon you see every day. Available on Amazon (Kindle format): https://www.amazon.com/dp/B07Y9DT3H