What is Huobi Martingale Trading Bot and how to use it?

Huobi global cryptocurrency exchange is one of my favorite cryptocurrency trading exchange after binance, there is no doubt binance is still a leading cryptocurrency exchange in the world but in some features huobi global have advantage over binance, for example on binance minimum investment is $10 for spot trading but on huobi global you can buy a cryptocurrency equivalent to $1 in spot trading

Another thing is there is a huge difference between huobi bot trading and binance bot trading, for example martingale bot trading strategy is not available on binance but it's one of the favorite bot on huobi exchange, another big difference is you required higher minimum investment on binance as compared to to huobi for running a trading bot and you can not copy or clone a trading strategy on binance this option is not available but on huobi you can clone or copy any trading strategy

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Today I am going to share with you some information about the martingale trading strategy bot of huobi global exchange

In Martingale trading strategy bot a user set parameters for buying repeatedly downwards and selling all in one go When using Huobi’s Martingale Bot, you will need to decide on the total funds you want to invest and the corresponding parameters. For example, you can set the bot to buy in at a volume scale of 2 every time the price drops by 1% and take profit at a 3% yield. When this parameter is set, your bot will buy in every time the price falls by 1% and the amount of each purchase is double the previous amount

For example you create a strategy to buy XRP ripple by using Martingale Trading Bot and you invested $100 as initial investment for example you set parameters to 1% price change and 2% to take profits that's means when price of XRP goes down by 1% trading bot will buy XRP and everytime its increaced the buying amount if price keep going down but if prices goes up 2% it will sell all your XRP Holdings to take profit and bot will restart again

Martingale strategy bot works fine in most cases but there are still some other factors to keep in mind, always chose top quality cryptocurrency coins and tokens because martingale strategy is available for all cryptocurrency trading pairs listed on huobi exchange so don't use it for pump and dump coins because if price of a coin keeps going down or going up and not fluctuate with in the bot parameters you set already you martingale trading bot will not work

You profit are always dependents on the parameters you set and trading pairs you choose and also the total amount of money you invested, for parameters you can choose an option to set parameters automatically by huobi global exchange which used AI to provide you right information based on historical price movement of an assets otherwise you can do it manually

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The best part is you can copy or clone with any successful trading strategy if you are not sure how to create a new strategy, you can also start with only $25 to copy a trading strategy but it's depends on some other factors like trading pairs, parameters already set but it's always fluctuate between $25 to $100 so please don't invest a large amount of money until you have experience and knowledge about huobi martingale trading bot

Martingale Trading Bot is new product offerd by huobi global exchange few months ago its APY is very good but its strongly recommended please start with lowest amount required to create a strategy and take some time to learn about it because some time in extreme price movements you may stuck in losses and have to wait for a long time period to recover again or may be need to close your bot at lose if you think there is no chance of recovery that's why do your own research give it try learn about it and then decide everything

Remember this article is only for information purposes to share something new with you which may help you to make better investment decisions but it's not an investment advice or recommendation

Thanks for reading

@zaibkang