How to Trade with Bitcoin Trading Signals and Expert-Advisors
Apart from coming up with cryptocurrency signals, traders can also decide that they want to trade with bitcoin trade signals or Expert Advisors. These two techniques are very popular when it comes to trading the online btcusd market. Bitcoin traders who want to trade with these methods may spend a lot of time researching which is the best Expert Advisor or Bitcoin Signal - instead when it comes to Expert Advisor Bitcoin Bots there is a library of Expert Advisor Bitcoin Bots that traders can find on the MQL5 forum & when it comes to signals there is a list of the top bitcoin trading signal providers made up of profitable traders who trade using MT4 software that provide bitcoin signals that traders can subscribe to and trade with.
Trading Signals
Traders can trade using bitcoin signals - instead of generating signals of their own using bitcoin systems traders can subscribe bitcoin signals from other profitable traders and copy the trading of these signal providers. Trading using bitcoin signals is sometimes also called copy paste trading.
A cryptocurrency signal service such as the MQL5 signal service is setup by the owners of MT4 platform. Profitable traders can then setup their signal service and other traders can then subscribe to these signals from the MQL5 signal service directly from their MT4 software.
Once signal providers generate a trading signal the trade is then automatically copied & sent to the trader’s account & similar trades are also opened on the trader’s account. These trades will remain open until when the signal provider closes them & on the trader’s account the trades will also be automatically closed.
To learn and know more about bitcoin signals traders can read the article - MQL5 bitcoin trading signals. These cryptocurrency signals are provided by profitable traders who trade the btcusd trading market using their own accounts with money invested in their account & this traders have passed a month trading period to prove their bitcoin strategy is profitable after which these traders have then become signal providers.
Cryptocurrency Expert Advisors
Automated bitcoin trading strategies in bitcoin trading are known as EAs or Expert Advisor or Bitcoin Trading Robots. These robots are used by cryptocurrency traders to generate automated signals that will open buy & sell cryptocurrency trades on behalf of the trader based on the set trading parameters.
When these sets of parameters are met the Expert Advisor will then open a bitcoin trade. The Expert Advisor also has another set of parameters which will be used to calculate where to close a trade.
The best place to start for those who want to learn how to program and come up with their own Expert Advisor Bitcoin Robots MQL5 forum of Expert Advisor programmers is the best place to start. This forum also has a library of many bitcoin trading EAs that traders can download - some are free and some are for sale. Those that are for sale can be tested out by traders using their demo version which can be tested on the MT4 strategy tester environment, this way a trader can test an Expert Advisor to determine how it performs in the btcusd market before buying EA.
To learn and know more about Expert Advisor Bitcoin Bots, traders can read our article - MQL5 Crypto EAs Library.
